Aside from the delayed fare rollback for public utility vehicles, the bad news just comes rolling in. The Energy Regulatory Commission (ERC) has recently approved the petition of National Power Corporation (Napocor) to raise rates for local electricity.
According to the ERC's decision, it has given due provisional authority for NAPOCOR to increase it's basic rates up to P0.47 per kilowatt hour for the whole area of Luzon, P1.15 per kilowatt hour in the Visayas and P0.71 for the Mindanao region. Because of this particular increase it would be a total of P4.36/kWh for the basic rates in Luzon, P4.03/kWh in Visayas and P2.82/kWh for Mindanao respectively. The power rate increase will be felt on the February 26 - March 25 billing period. Meralco consumers like us in Metro Manila will only have half of the increase because this region only have half of its supply with NAPOCOR. The other half are only from independent power producers, and I just wonder if they increase their rates in the same season too. That would just be bad!