Regulators OK Meralco rate hike after 15 yrs

MANILA, Philippines — More than 8 million customers of Manila Electric Co. (Meralco) may have to pay more after regulators approved a rate increase of about 13 centavos per kilowatt-hour, the first adjustment after 15 years. The Energy Regulatory Commission (ERC) gave the green light for Meralco’s new average distribution rate of P1.48 per kWh,