Money Matters

In the News: Meralco to Hike Power Rates for September 2022

Time to plan the household budget

Photography: Shutterstock

Households will have to tighten their belts in September as Meralco announced higher electricity rates for the month.

The country's largest power distributor said it would increase rates by P0.3907 per kilowatt-hour (kWh) to P9.9365 per kWh this month, citing the higher cost of buying electricity.

MORE ON SAVING ELECTRICITY:

Here’s How You Can Reduce Your Electricity Consumption

Replacing This Home Appliance May Help You Save on Electricity

Which Solar Power System Should You Choose? Here Are the 3 Types You Can Consider

How Long Before You See an ROI on Solar Panels?

This is equivalent to a bill increase of around P78 for a typical household consuming 200 kWh.

The increase comes after Meralco lowered power rates for two consecutive months.

Meralco also cited the depreciation of the peso for the rate hike since it buys electricity in U.S. dollar.

The Philippine peso on Wednesday, September 7 plunged to a new record low of P57.135 against the greenback according to the Bankers Association of the Philippines.

ADVERTISEMENT - CONTINUE READING BELOW

 

This story originally appeared on Reportr.world.

* Minor edits have been made by the Realliving.com.ph editors.

More on Realliving.com.ph

Shares

Latest Stories

This OFW Couple Built a Modern, Stylish Hot Spring Resort in Los Baños

It's the perfect location for a getaway with family and friends.

How To Compute a Property's Market Value

Real estate, unlike most luxury goods or cars, doesn't depreciate over time, making it a good investment. But have you ever wondered why?

What All Those Pinoy Construction Terms Mean

Here's a handy glossary to help you decode your contractor's or worker's lingo, from Asintada to Tambol

Exploring Baby Bean's Enchanting Farm: A Celestial Retreat

Baby Bean's farm has a lot of potential.

Yeng Constantino's Dream Beach House in Zambales

Their vision is coming to life.

7 Popular Local Materials For A Filipino Home

Show your love for Filipino design and culture with these local products and the indigenous materials they are made from

What Do Ascott and St. Luke's Have in Common? A Bedsheet Supplier

You can get the same hotel-quality sheets from Filipino brand Doyle & Furnham.

Which Type of Wood is Best for the Home?

Tanguile, Narra, or Mahogany? Each type of wood has its pros and cons.

Christmas Gifts for Every Budget

Some suggestions for that holiday cheer.

Here's Everything You Need to Know About Anne Curtis' Trending Camaleonda Sofa

Plus, where to buy similar sofas that can elevate any space.

This Resort in Quezon Gives A Modern Filipino Take on 30sqm Prefab Homes

Planning your next family or barkada staycation? This resort in Quezon lets you unwind in comfort.
Load More Stories