Meralco says electricity rates lower this month

Meralco says electricity rates lower this month

Meralco customers can expect lower rates this month with a reduction of P0.0451 per kilowatt-hour (kWh) in overall rates, amounting to P8.46 per kWh this month, compared to last year’s P8.55 per kWh during the same period.

This means that for households consuming 200 kWh per month, there will be a decrease of P9.02, and P13.53 for those consuming 300 kWh, P18.04 for 400 kWh, and P22.55 for 500 kWh.

“The reduction is due to the downward movement in the transmission charge, which more than offset a higher generation charge,” Manila Electric Co. (Meralco) said.

Scheduled and unscheduled power outages caused the power costs from Independent Power Producers (IPPs) to go up P0.0879 per kWh to P3.94 per kWh.

The Quezon Power Philippines Ltd. (QPPL) plant went on a forced outage from August 5 to 8.

First Gas Power Corp.’s Sta. Rita unit 10 went on maintenance from August 13 to 14 and while its unit 20 was on maintenance for the whole month of August.

Power supplied by plants under the Power Supply Agreements (PSAs) remained almost the same as last month’s level, with a decrease of only P0.02 per kWh.

Wholesale Electricity Spot Market (WESM) charges also decreased by P0.32 per kWh.

Reduced ancillary charges of the National Grid Corp. of the Philippines (NGCP) offset higher generation charges by lowering transmission charges.

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