Electricity rates to go up in August —Meralco

Pangilinan-led Manila Electric Co. (Meralco) on Tuesday announced a slight increase in electricity rates this month, following the rise in the cost of power.

In an emailed advisory, Meralco said it will increase overall electricity rates by P0.0265 per kilowatt-hour (kWh) to P10.2190 from July's P10.1925.

"The increase is the result of PhP0.6554 per kWh rise in the cost of power from Power Supply Agreements (PSAs) due to lower average plant dispatch and higher fuel prices," the company said.

For households consuming 200kWh per month, this will translate to an adjustment of around P5 in their total bill.

Meralco currently operates and maintains electric distribution systems in the cities and municipalities of Bulacan, Cavite, Metro Manila, and Rizal, and certain cities, municipalities, and barangays in the provinces of Batangas, Laguna, Pampanga, and Quezon. —Jon Viktor Cabuenas/KBK, GMA News