Manila Electric Company (Meralco) announced an electricity rate increase this month amid the company’s compliance to an ongoing Energy Regulatory Commission (ERC) mandated refund order.

Meralco said it will implement an upward rate adjustment of 32.97 centavos per kilowatt-hour (kWh) for the December billing month.

With the hike, the overall rate for a typical household will be P10.2769 per kWh. 

Residential customers consuming 200 kWh may experience an increase of around P66 in their total electricity bill this month.

“This month’s overall rate increase was mainly due to the completion of a distribution-related refund equivalent to P0.4669 per kWh for residential customers,” Meralco said.

ERC ordered the power distributor last May to refund around P7.8 billion in excess collections.

“There are still three ongoing refunds, totaling P1.3340 per kWh for residential customers, being implemented by Meralco that continue to temper customers’ monthly bills,” Meralco said.

“These are expected to be fully refunded by December 2022, January 2023, and May 2023, and the impact will subsequently be felt in the succeeding billing periods,” it added.

 

Ronald Espartinez