FIT-All charge goes up despite Meralco rates, other charges down this June

meralco-logo

Manila Electronic Co. (Meralco) electricity rates for the month of June decreased by PhP 0.1252 for a typical household, resulting in P 25 decrease in the bill of a residential customer consuming 22 kwh.

The decrease in this month’s electricity rate was due to a PhP0.1556 per kWh decrease in generation and transmission charges. This is the second consecutive month of overall rate decrease.

Cost of power from Power Supply Agreements (PSAs) also decreased due to Pagbilao Unit 1 and Ilijan Unit 1 returning to normal operations after undergoing a scheduled maintenance.

Transmission charges to residential consumers also decreased by PhP0.0861 per kWh as a result of lower NGCP Power Delivery and Ancillary Service Charges.

Along with lower transmission charges, taxes and other charges also declined by PhP0.0429 per kWh in June.

On the other hand, the FIT-All rate also went up to PhP0.2563 per kWh starting this month, after the Energy Regulatory Commission (ERC) recently approved an increase of Php 0.0733 per kWh.

The FIT-All is a pass-through charge remitted to the National Transmission Commission Corporation (TransCo) as an incentive for renewable energy (RE) developers, like those operating wind, solar, biomass, and run-of-river hydropower facilities.

Charges from the Wholesale Electricity Spot Market (WESM) and Independent Power Producers (IPPs) also increased by PhP0.1954 per kWh and PhP0.2266 per kWh, respectively.

WESM charges increased after the demand for power in the Luzon grid reached 239 W due to higher effective rates of line rentals.

Meanwhile, Increase in IPP charges were driven by the weakening peso against the US dollar.

 

Comments

comments




%d bloggers like this: