(Eagle News) — Expect a price incease in your electricity bill this month. According to the Manila Electric Company (MERALCO), it will increase power rates by 29 centavos per kilowatt hour effective this July. https://www.youtube.com/watch?v=Upd4Uq3UPs8 This price increase is due to the increase in the generation charge by 34 centavos, which is in turn due to the high price of the wholesale electricity spot market (WESM). This is also the result of the high generation capacity […]