# Philippine Regulator Approves Meralco Rate Increase

> Philippine regulator approves Meralco's first rate reset in 15 years, cutting requested revenue by 36%.
- Title: Philippine Regulator Approves Meralco Rate Increase | Shortify
- Summary: Philippine regulator approves Meralco's first rate reset in 15 years, cutting requested revenue by 36%. Philippine Energy Regulatory Commission approved…
- Keywords: philippine, meralco, energy regulatory commission, distribution rate, p1.48 per kwh, p342 billion, p532 billion, metro manila, finance, markets, Regulator, Approves
- Source: BigGo Finance — https://finance.biggo.com/news/215482bb-51f1-476b-a46c-f1a794392f87
- Author: BigGo Finance
- Published: 2026-10-11T18:17:10+00:00
- Read time: 1 min
- Topics: philippine, meralco, energy regulatory commission, distribution rate, p1.48 per kwh, p342 billion, p532 billion, metro manila, finance, markets
## Regulator approves rate reset
Philippine Energy Regulatory Commission approved Manila Electric Co.'s first distribution rate reset in 15 years.
## New rate set at P1.48 per kWh
The reset sets an average charge of P1.48 per kilowatt-hour for July 2026 through June 2030.
## Rate increase from current P1.35
The rate is 9.6 percent higher than the current P1.35 per kWh but far below Meralco's proposed P2.34 per kWh.
## Revenue requirement cut by 36%
ERC authorized a total revenue requirement of about P342 billion over four years, cutting Meralco's request by 36 percent or P190 billion.
## ERC chair explains cuts
ERC Chair Francis Saturnino Juan said the commission trimmed unjustified capital projects, disallowed excessive operating costs, and used a lower return on capital.
## Rate covers only distribution
The reset covers only distribution charges, not generation or transmission costs for Meralco's 8 million customers.
## Key takeaway

Philippine Energy Regulatory Commission approved Meralco's distribution rate increase to P1.48 per kWh for 2026-2030, reducing revenue requirement by 36% from P532 billion to P342 billion.