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Power retailer Manila Electric Co. and South Premiere Power Corp. are seeking approval of their agreement for the supply of 1,200 megawatts of capacity that would redound to the benefit of consumers this year.
SPPC, which owns and operates the 1,200- MW combined-cycle power generating facility in Barangay Ilijan, Batangas City, won the best bid during Meralco’s competitive selection process last year. The parties said that given a certain set of assumptions, the annual effective rate under the 2024 Meralco-SPPC PSA is P5.9450 per kWh.Meralco said the annual delivered rate of P6.0950 per kWh would be lower by about P1.5436 per kWh than the effective cost of P7.6386 per kWh, if the equivalent capacity under the PSA is to be sourced from the electricity spot market.
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Meralco power rate up in March due to transmission, ancillary charges hikeELECTRICITY rates of the Manila Electric Company (Meralco) will slightly go up this month by P0.0229 per kilowatt hour (kWh), bringing overall rate for a typical household to P11.9397 per kWh this month from P11.9168 per kWh in February.
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Meralco to increase rates in FebruaryMANILA, Philippines: The Manila Electric Company (Meralco) announced on Thursday an increase in power rates in February.
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Higher Electricity Rates for Meralco Consumers in FebruaryConsumers of Manila Electric Co. (Meralco) will have to brace for higher electricity rates of P0.5738 per kilowatt hour in February due to higher cost of power from its suppliers. The latest rate increase will bring the overall rate for a typical household to P11.9168 per kWh this month from P11.3430 per kWh in January. Residential customers consuming an average of 200 kWh will see an increase of around P115 in their total electricity bill.
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Meralco announces slight increase in March electricity rateThe Manila Electric Co. (Meralco) announced a slight upward adjustment of P0.0229 per kWh in the March electricity rate. The increase is due to a rise in the transmission charge for residential customers.
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‘Lucky to have Bolick’: NLEX guard takes over late in comeback winRobert Bolick erupts for 16 points in the fourth quarter as NLEX erases a double-digit deficit in the fourth quarter to turn back Meralco
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Alliance Global Group eyes 100-percent renewable energy use for Megaworld, Newport World Resorts; taps Meralco’s MPowerAndrew Tan’s Alliance Global Group Inc. (AGI), through its companies Megaworld and Newport World Resorts operator Travellers International Hotel Group, has tapped MVP-led MPower of Meralco to achieve its goal of sourcing 100 percent of its power requirements from renewable energy this year.
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