Meralco asks ERC to slash generation rate

MANILA, Philippines—The Manila Electric Co. (Meralco) has petitioned government regulators for approval to lower the generation charge for March, claiming that the sudden increase in the generation charge might be too much for consumers. Meralco said because of higher generation costs, the generation charge has increased by P1.8298 per kilowatt hour to P6.76 per kWh, the highest increase recorded in recent…

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Meralco asks ERC to slash generation rate

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