MERALCO rates go up in November due to more expensive generation charge
Customers of Manila Electric Company (Meralco) will have a slight bump in electricity bills this month due to an increase in generation charges last month.
Meralco announced on Wednesday that it adjusted power rates upward by 11.35 centavos per kilowatt hour. This increased electricity rate for this month to P10.0901 per kWh from P9.9766 per kWh in October.
This adjustment would translate to P23-increase in the total electricity bill for a typical household that consumes 200 kWh a month.
The higher generation charge this October is mainly due to an increase in Wholesale Electricity Spot Market (WESM) charges.
?WESM charges went up due to higher power demand in Luzon resulting from warmer temperature in October,? Meralco explained.
Meralco said WESM charges went up by P1.3545 per kWh. This pushed its generation charge to rise to P5.2725 per kWh in November from P5.1908 per kWh in October, increasing by P0.0817 per kWh.
?The share of WESM purchases to Meralco?s total requirement this month was 16.6 percent,? the company said.
?Transmission charges of residential customers increased by P0.0021 per kWh due to an increase in NGCP?s (National Grid Corporation of the Philippines) ancillary service charges. Meanwhile, taxes and other charges went up byP0.0297 per kWh this month,? it added.
Meralco noted it has lowered electricity rates by 25 centavos per kWh in the last two months.
Electricity rates posted a net decrease of 46 centavos per kWh since April this year. (PNA)