Fri. Aug 6th, 2021

The Manila Electric Co. (Meralco) is hiking slightly its electricity rates for this month, or by P0.0798 per kilowatt-hour (kWh) to P8.6718 per kWh, according to Meralco Spokesperson Joe Zaldarriaga.

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For a household consuming 200 kWh a month, about P16 will be added to the total bill.

Meralco latest power rate hike is lower by P0.0534 per kWh compared to May’s and the lowest rate hike for June since 2018. It said generation charge is at P4.6171 per kWh, a slight increase of P0.0697 per kWh from last month’s P4.5474 per kWh.

The power distribution firm attributed this month’s higher power rates to higher charges in the Wholesale Electricity Spot Market (WESM), increasing to P6.4609 per kWh from P4.8287 per KWh in May. The charges of WESM increased by P1.6322 per kWh was due to tight supply in the Luzon grid, which caused some power outages in parts of the island.

“The high power rates for this month was mainly because of higher WESM charges mainly because of the increase in the [power] demand from April to May,” said Lawrence Fernandez, Meralco vice president.However, Meralco said that the increase in WESM charges was mitigated by lower charges from Power Supply Agreements (PSAs) that decreased by P0.0476 per kWh and Independent Power Producers (IPPs), which decreased by and P0.0037 per kWh, because of improved average plant dispatch and appreciation of the peso. SOVEREIGNPH

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