Inquirer
Higher Meralco rates likely in October bill
Meralco anticipates an increase in its generation charge for October due to the peso's depreciation against the dollar, which raises the cost of dollar-denominated power supply contracts.
The peso weakened by P1.07 from August 29 to September 30, closing at P58.196 per dollar.
Despite the peso's weakness, Meralco hopes a decrease in Wholesale Electricity Spot Market (WESM) prices will help offset the potential rise in electricity bills.
The average WESM rate fell by 33.8% month-on-month to P3.04 per kilowatt-hour in September.
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