The rate for electricity this month will rise after National Power Corporation (NAPOCOR) asked a price increase from Energy Regulatory Board (ERB). Two petitions raised by NAPOCOR to ERB asked for such increase to justify for their costs in Generation Rate, Adjustment Mechanism, and Incremental Currency Exchange Rate Adjustments.
Their costs increased because of the rise of the oil price worldwide and the weakening of the Peso-Dollar rate. If approved, the rate will be Php 18.21 kwh in Luzon and Php 45.33 kwh in Visayas.
