Electricity rates will increase by P0.6232 per kilowatt-hour (kWh) this month, bringing the overall rate for a typical household to P10.9001 per kWh from the previous month’s P10.2769 per kWh.
Electricity rates will increase by P0.6232 per kilowatt-hour this month, bringing the overall rate for a typical household to P10.9001 per kWh from the previous month’s P10.2769 per kWh.
Charges from the Independent Power Producers were higher by P0.4070 per kWh mainly due to the increased use of more expensive alternative fuel by First Gas Sta. Rita and San Lorenzo as a result of insufficient supply of Malampaya natural gas. Due to the tight supply conditions, the grid was placed under yellow alert for three days during the December supply month and persistently high spot prices triggered the imposition of the secondary price cap of 61 percent of the time, compared to 21 percent in November.
Effective until January 25, 2023, the EPSA covers 300-MW baseload capacity and partially replaced the capacity under the suspended PSA with SPPC. Meralco was constrained to source the remaining 370 MW from WESM following the lack or withdrawal of offers for emergency supply from other power generation companies.
Two ongoing refunds totaling P1.0579 per kWh for residential customers are still being implemented by Meralco and continue to temper customers’ monthly bills. These refunds are expected to be completed by January 2023 and May 2023, and the impact will be felt in the succeeding billing periods—February 2023 and June 2023, respectively.
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