Meralco cites fuel costs, weak peso for higher power rates

MANILA, Philippines — Manila Electric Co. (Meralco) attributed the recent power rate hikes to higher generation charges resulting from soaring fuel prices, the weakening peso amid the Middle East conflict, and the government’s shift toward natural gas and moratorium on new coal-fired power plants. Meralco Senior Vice President and Head of Regulatory Management Atty. Jose Ronald […]...

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