Meralco rates go up in April

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(FILE PHOTO)

Metro Manila (CNN Philippines, April 8) — Subscribers of the Manila Electric Company will experience higher rates this month, up ₱0.0872 per kilowatt-hour.

The power distributor said this would bring April's power rate to ₱8.4067 per kWh, which would be equivalent to an increase of around ₱17 in the total bill of households consuming 200 kWh.

However, Meralco said this month's overall rate was still P0.5884 per kWh, lower than last year's rate of P8.9951 per kWh.

Power rates had gone down in February and March.

In a release on Thursday, Meralco also said a higher generation charge in April was due to an increase in Wholesale Electricity Spot Market charges as there were tighter supply conditions in the Luzon grid.

"WESM charges increased by ₱2.5991 per kWh due to tighter supply conditions in the Luzon grid," it said. "Peak demand in Luzon increased by almost 1,000 MW in March as a result of warmer temperature, while unavailable capacity from plant outages remained above 3,400 MW. WESM share is slightly down to 11% this month."

Meanwhile, charges from independent power producers and power supply agreements fell by ₱0.2090 and ₱0.1371 per kWh, respectively, due to improved average plant dispatch and the appreciation of the peso.

Meralco also said April's charges still include adjustments approved by the Energy Regulatory Commission. This is after Meralco was ordered to refund over-recoveries in transmission and other charges over a period of approximately three months and to collect an under-recovery in the generation rate for approximately 24 months.

The adjustments were approved starting January 2021.