00:00In other news, the price of meralco will rise this month. We will find out in the center of the news, Noel Talacay. Noel.
00:09Yes Joe, it seems that the meralco consumer should tighten their belts again and be careful in spending this Christmas.
00:19Meralco will again implement the increase in currency. This is what Meralco announced earlier in their press conference.
00:29According to Joey Saldarriaga, Vice President and Head of Corporate Communication of Meralco,
00:35the main reason for the increase is the generation charge and transmission charge.
00:40This month, Meralco added 10 cents per kilowatt-hour to their bills.
00:47This means that for a consumer to consume 200 kilowatt-hours per month, this is equivalent to 21 pesos added to the total bill.
00:57Just last month, in November, Meralco added 43 cents.
01:04According to Joey Saldarriaga, Meralco will not receive the additional charge that they are giving to their consumers,
01:11but it will go to the company that transmits and supplies Meralco's electricity.
01:18Thank you very much, Noel Talacay.
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