Meralco clients face rate hike by P0.62 per kwh READ MORE:
the collection of P1.1 billion of generation charges to mitigate the impact of the higher rates on them, the power firm revealed Wednesday.
“The total deferred generation costs of P1.1 billion, equivalent to P0.40 per kWh, will be collected on a staggered basis in the April and May billing periods as cleared by the regulator,” the Meralco executive said.Meralco, the country’s biggest power distributor with more than seven million customers in its franchise area, is set to make a final rate adjustment for March on Friday.
“The program must be comprehensive. A national framework of which a four-day work-week, as proposed by the Finance secretary, is but one component,” House Deputy Speaker Ralph Recto said.It also comes a day after Finance Secretary Benjamin Diokno revealed government agencies may soon adjust their office hours to 7 a.m. to 4 p.m. from Mondays to Thursdays with work-from-home setups on Fridays.
“Meralco, with the cooperation of gencos , will defer the equivalent of P0.40 per kWh to April and May. Thus, the gen charge increase for March will be reduced to P0.52 per kWh. If we included taxes and other charges, the total increase for a residential customer will be around P0.62 per kWh in March,” Fernandez said.
In its letter to the ERC, Meralco said it coordinated with several of its power suppliers to request the deferral of charges from their billings for February to cushion the impact of the increase in generation rate to its customers.“For the people to support it, it should be framed as saving money and saving the Earth at the same time,” he said.
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