Our electric bill tripled from P700 in March to P2,000 in April. Although there was a slight increase in usage from March to April, the increase should have not been that drastic.
Other PMT Forum members are also complaining of the unexpected rise in their Meralco bills.
Philex (PX) bidding war: Manny Pangilinan vs. Ramon Ang
Another bidding war is supposedly in the making between the two groups allegedly responsible for the 275% increase in the price of Meralco (MER) during the last 7 months.
The latest battlefront: Philex Mining Corporation (Stock Code: PX).
Meralco (MER) stock surges 275% due to Ang-MVP bidding war
If you’re currently following the Philippine stock market, you’re most probably aware of the continuous surge in the price of Meralco (Stock Code: MER).
The stock of the power utility company was one of the Philippine Stock Exchange (PSE)’s biggest gainers during the first half of 2009.
As of July 31, it was up by a staggering 275% from its P58.00 price in January. In the month of July alone, the stock more than doubled in value, closing at an all-time high of P295.00 in July 29.