Meralco hikes November electricity rates - BusinessMirror

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Meralco hikes November electricity rates - BusinessMirror
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Electricity rates for November will slightly go up by P0.0844 per kilowatt-hour (kWh), bringing the overall rate for a typical household to P9.9472 per kWh from the previous month’s P9.8628 per kWh.

Electricity rates for November will slightly go up by P0.0844 per kilowatt-hour , bringing the overall rate for a typical household to P9.9472 per kWh from the previous month’s P9.8628 per kWh.

Charges from Power Supply Agreements also increased by P0.2711 per kWh largely due to the scheduled maintenance outage of First Natgas-San Gabriel plant from October 1 to 14. This was mitigated by lower charges from Independent Power Producers and the Wholesale Electricity Spot Market . PSAs, IPPs and WESM accounted for 49 percent, 45 percent, and 6 percent, respectively, of Meralco’s total energy requirement for the period.Meralco said the pass-through charges for generation and transmission are paid to the power suppliers and the grid operator, respectively, while taxes, universal charges, and Feed-In Tariff Allowance are all remitted to the government.

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