Power rates may go up in September as higher fuel costs pushed up generation charges, an executive of Manila Electric
“Although we have yet to receive the final billings from our suppliers, there may be upward pressure on the generation charge this month,” Meralco vice pesident and spokesman Joe Zaldarriaga said.
World oil prices went up in the past two months, leading to nine straight weeks of domestic pump price hikes. Zaldarriaga said these factors “can somehow be mitigated by lower WESM [Wholesale Electricity Spot Market] charges that may result from lower demand and lower average capacity on outage.”
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