Metro Manila, 2021 - We’re not even at the halfway mark for the year and there’s already been THREE Meralco price hikes for 2021. A New Year price hike last January, a slight price hike increase last April (due to higher Wholesale Electricity Spot Market prices), and now a newly-announced hike for May. Meralco said in a statement that rates will increase by P0.1853/per kilowatt-hour to P8.59 per kWh.
"Peak demand in Luzon increased by almost 1,000 megawatts (MW) in March as a result of warmer temperature, while unavailable capacity from plant outages remained above 3,400 MW." the power distributor said. [source]
As the days are longer and a lot more warmer, take advantage and let the sun provide you with free energy during the daytime. Transfer money you would pay to your utility onto your roof and invest in your future: enjoy a secured return on your investment of >15% per year. Getting a reliable German-made PHILERGY Solar System to turn your roof into your own green power plant has never made more sense.
At the same time, shave down peak demands and help out your community’s grid. And with net metering, you can even sell your excess generated energy back to Mercalco (or your local power distributor) for added savings!