Meralco Rate Hike Possible: Filipinos Brace for Higher Electricity Bills

Meralco Rate Hike Looms Over Filipinos: Concerns and Assurances The Philippines faces a potential electricity rate hike, causing anxiety among consumers. GMA Integrated News spoke to Raemond Valencerina, a Meralco customer, who expressed concern over a possible increase, stating, "Even if you try to conserve, if they increase the rates, there's no point in saving electricity." Meralco Vice President Joe Zaldarriaga explained that the increase is possible due to higher reserve market prices during May compared to the previous month. However, he also clarified that the Lifeline Discount Program will continue for those consuming 100 kWh or less, offering some relief to low-income households. The final rates for June are expected to be announced next week. The report offers a balanced perspective, highlighting both the consumer's apprehension and Meralco's efforts to mitigate the impact of the potential increase.