Philippines' largest electricity distributor, Meralco, expects increased generation charges in July due to deferred charges and WESM normalization, potentially resulting in higher rates.
Meralco, the Philippines' largest electricity distributor, expects a rise in generation charges for July due to the amortization of deferred charges and the normalization of WESM (Wholesale Electricity Spot Market) charges. This may result in higher electricity rates in the coming months. In June, Meralco reduced its rates due to the Energy Regulatory Commission's order to stagger the collection of generation costs from WESM.
July 08, 2024
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