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Meralco announces steep power rate hike in July

MANILA Electric Co. (Meralco) announced Monday a steep increase in electricity rates for July — P2.1496 per kilowatt hour (kWh), following the decrease of P1.9623 per kWh in June.

Meralco said this brings the overall electricity rate for a typical household to P11.6012 per kWh, up from the previous month's P9.4516 per kWh.