As consumer group hits high power cost, MPower defends rate hike | Inquirer News

As consumer group hits high power cost, MPower defends rate hike

By: - Reporter / @BPinlacINQ
/ 11:35 AM June 03, 2022

MPower defends rates

(FILE) Electric meters along the street in Barangay Addition Hills, Mandaluyong City on March 8, 2019. INQUIRER PHOTO / NINO JESUS ORBETA

MANILA, Philippines —After a consumer group slammed the increasing price of electricity, MPower – the Local Retail Electricity Supplier (RES) of Manila Electric Co. (Meralco) – defended its rate hike as a response to the “unprecedented” global spike in fuel costs.

In a statement issued Friday, MPower noted the “higher than usual” increase in the coal and fuel prices triggered its implementation of a Fuel Cost Recovery Adjustment (FCRA), a pass-through charge paid to assure a continuous supply of electricity to its consumers.

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MPower, in an effort to cushion the impact of the FCRA, added that it also introduced alternative options to its electricity end-users, including an installment agreement for payments.

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The United Filipino Consumers and Commuters on Thursday decried MPower’s rate increase stressing its disadvantageous effects on consumers already burdened by the COVID-19 pandemic.

The consumer group also urged the incoming administration of President-elect Ferdinand “Bongbong” Marcos to explore means to lower power rates in the country.

/MUF
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TAGS: Electricity, MERALCO, MPower

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