Electricity rates go down again in October

Meralco announced that the rate for a typical household will go down this October by PhP0.12 per kilowatthour (kWh), thereby bringing it down to PhP8.34 per kWh. This translates to a reduction of around PhP24 in the electricity bill of a household with monthly consumption of 200 kWh. The reduction is due to downward movements in both generation and transmission charges. This is also the third straight month of reduction in the overall residential rate.

This month, there was a decrease in the generation charge, which is PhP0.0501 per kWh lower than last month’s PhP3.9439 per kWh. At PhP3.8938 per kWh, the generation charge is PhP0.1017 per kWh lower compared to October 2015’s PhP3.9955 per kWh. The decrease resulted mainly from lower charges from the Wholesale Electricity Spot Market (WESM) due to lower demand in September as compared to August.

There was also a decrease in the transmission charge by PhP0.0558 per kWh, mainly due to the reduction in NGCP’s Ancillary Charges. Taxes and other charges also decreased by a combined amount of around PhP0.0157 per kWh.

Meralco’s distribution, supply, and metering charges, meanwhile, have remained unchanged for 15 months, after these registered reductions in July 2015. Meralco reiterated that it does not earn from the pass-through charges, such as the generation and transmission charges. Payment for the generation charge goes to the power suppliers, while payment for the transmission charge goes to the National Grid Corporation of the Philippines (NGCP).

Meralco also urges customers to update their contact information in order to help stay ahead of power interruptions. Contact information updates can be done through:

1. Authorized Meralco representatives;
2. Your nearest Meralco business center; or
3. Download the form here, fill out and send a scanned copy to: [email protected]

Watch the October 2016 edition of the Meralco Advisory below to learn more about this month’s rates or click find here to find out more about updating your information.

ADVT.