The Manila Electric Co. (Meralco) has announced an increase in its electricity rates worth P0.2250 per kilowatt hour (kWh) for the month of April.
This brings the overall electricity rate to P10.55 per kWh. Meaning, there would be a P45 increase in an electricity bill for a 200 kWh household.
For a 300 kWh household, there would be an increase of P68 in this month’s bill; P90 for a 400 kWh household; and P113 pesos for a 500 kWh household.
The increase was brought about by the P0.1773 per kWh rise in the generation charges, and the P0.12 remaining balance from the deferred increase in March.
Generation charges for the month of April went up to P5.47 per kWh primarily due to higher charges from the Wholesale Electricity Spot Market (WESM).
WESM charges went up by P1.64 per kWh following tighter supply conditions in the Luzon Grid as demand for power in Luzon increased by 357 MW.
Prices from the power supply agreements (PSAs) remained stable.
Meanwhile, transmission charges increased by P0.0065 per kWh due to higher ancillary service charges billed by the National Grid Corporation of the Philippines (NGCP).
Taxes and other charges also went up by P0.0412 per kWh.