Electricity rates expected to rise this month due to increased generation and transmission charges

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Electricity rates expected to rise this month due to increased generation and transmission charges - Business Mirror

Quick Summary:

Electricity rates this month are expected to go up due to higher generation and transmission charges for the January supply month.

This is equivalent to around 23 centavos per kWh for Meralco customers,” Zaldarriaga said.

Meralco is set to release the rates on Tuesday.“On top of this, we are expecting increase in transmission charge component of the overall rate with the collection of the remaining 70% of the reserve market settlement fees incurred in March last year,” added the Meralco official.