Meralco logs price hike in March

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The Manila Electric Company (Meralco) announced an overall increase in electricity rates to P10.4961 per kWh in March from P10.4067 per kWh last month.

A typical household consuming 200 kWh will have an increase of around P18 in their total bill.

Generation charge went down by P0.2966 per kWh resulting in an overall decrease of P5.5973 per Kwh from last month’s P5.8939 per kWh.

The decrease is mainly due to lower charges from plants under Power Supply Agreements (PSAs).

However, charges from the Wholesale Electricity Spot Market increased by P0.5178 per kWh as to tighter supply conditions in Luzon with higher power demand and more frequent plant outages this month.

Power rates from the Independent Power Producers (IPPs) also slightly increased by P0.0549 per kWh due to lower average plant dispatch.

Taxes and other charges also increased by P0.3572 due to the completion of the Universal Charge-Stranded Contract Costs (UC-SCC) refund last month.

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