Meralco rates up | Inquirer News

Meralco rates up

The Manila Electric Co. (Meralco) has announced a 22 centavos per kilowatt hour (kWh) increase in electricity rates for its residential customers this April.

It cited the main drivers for the increase are the higher generation costs being charged by power suppliers and an additional 8 centavos per kWh in the feed-in tariff allowance (FIT-All), a subsidy for renewable energy producers that is collected from consumers.

ADVERTISEMENT

For a typical household consuming 200 kWh, this month’s adjustment will translate to an increase of about P44 in the electricity bill.

At P8.86 per kWh, this month’s rate will be lower by P1.82 per kWh than the P10.68 per kWh rate in April 2015.

FEATURED STORIES

The increase is primarily because of the generation charge, which increased by 10 centavos per kWh from last month. At P4.10 per kWh, it is P1.31 per kWh lower compared with April 2015’s P5.41 per kWh.

Meralco said this was because of the higher charges from the Wholesale Electricity Spot Market (WESM), which went up by P2.23 per kWh. Peak demand in the Luzon Grid increased by more than 500 megawatts (MW) from the February to the March supply months with the approach of summer.

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: MERALCO, Nation, News, power rates
For feedback, complaints, or inquiries, contact us.

News that matters

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.