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Power retailer Manila Electric Company announced Wednesday a rate increase of P0.4201 per kilowatt-hour in October on higher generation charges.
Meralco said the October generation charge went up by P0.3015 per kWh to P7.1267 per kWh from P6.8252 per kWh in September because of higher charges from independent power producers and power supply agreements . Meralco implemented a second emergency power supply agreement with South Premiere Power Corp. beginning August covering 330-MW baseload supply to replace the terminated PSA with Sual Power Inc.
The supply situation in the Luzon grid improved in September as average demand and average capacity on outage were both lower, by around 165 MW and 315 MW, respectively.The transmission charges for residential customers increased P0.0264 per kWh due to higher ancillary service charges. Because of the higher generation and transmission charges, taxes and other charges subsequently registered a net increase of P0.0661 per kWh.
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Meralco rates up in October 2023 due to higher generation chargeA typical household consuming 200 kWh a month will see an increase of around P84 in their total electricity bill
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