Meralco sees flat August charges

Customers of Manila Electric Co. may not experience a price spike in their September electricity bills in spite of the series of yellow and red alerts in late July to early August.

“So far, indications are that gen charge movement will be flattish,” Meralco vice president and head of utility economics Lawrence Fernandez said.

He said “prices settled down lower after the price spikes at the end of July (and) start of August” in the Wholesale Electricity Spot Market, the country’s trading floor of electricity.

Read more here.

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