Meralco electricity rates to increase in June

Meralco electricity rates to increase this months of June

/ 03:54 PM June 13, 2024

Consumers should prepare for higher power prices, as the Manila Electric Company (Meralco) said on Thursday that electricity rates will increase from P11.4139 per kilowatt hour (kWh) to P12.0575 per kWh this month of June.

FILE PHOTO: Meralco logo. INQUIRER / Edwin Bacasmas

MANILA, Philippines – Consumers should prepare for higher power prices, as the Manila Electric Company (Meralco) said on Thursday that electricity rates will increase from P11.4139 per kilowatt hour (kWh) to P12.0575 per kWh this month of June.

According to Meralco in its release, this increase was estimated to reflect around P129 in their monthly bills.

Article continues after this advertisement

READ: Meralco bills tipped to go up in June

FEATURED STORIES

Meralco added that an increased generation charge from higher costs in the Wholesale Electricity Spot Market (WESM) contributed to the higher rates.

“Driving this month’s overall rate increase is the generation charge, which went up by P0.3466 per kWh mainly due to higher costs from the Wholesale Electricity Spot Market (WESM),” Meralco said.

Article continues after this advertisement

The electric provider likewise said that WESM charges were higher due to high demand in May and that charges from Independent Power Producers contributed to the increase.

Article continues after this advertisement

Transmission charges for residential consumers also increased by P0.1450 per kWh caused by “higher ancillary service charges.”

Article continues after this advertisement

READ: Regulator OKs Meralco supply deal with San Miguel unit

Article continues after this advertisement

In contrast, power supply agreements brought a P0.2988 per kWh decrease in charges, Meralco added.

“Meralco’s distribution charge, on the other hand, has not moved since the P0.0360 per kWh reduction for a typical residential customer in August 2022,” it said.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

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

TAGS: high power rates, Meralco, power

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

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

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.