The Manila Electric Company (Meralco) has announced that power rates will go down this April.
Last April 8, 2024, Meralco said rates will be lowered by P0.9879 per kiloWatt hour (kWh), bringing the overall rate for a typical household down to P10.9518 per kWh from P11.9397 per kWh in March.
For residential customers consuming 200 kWh, the adjustment is equivalent to a decrease of around P198 in their total electricity bill. This reduction in the overall electricity rate this month will wipe out rate increases since January 2024, bringing the year-to-date adjustment to a net decrease of P0.3066 per kWh.
Meralco said generation and transmission charges also decreased this April.
Meralco said its generation charge went down by P0.3613 per kWh due to lower costs from Independent Power Producers (IPPs) and Power Supply Agreements (PSAs) which, in turn, offset the increases in Wholesale Electricity Spot Market (WESM) charges.
Charges from IPPs went down by P1.0701 per kWh due to lower costs from First Gas plants. Charges from PSAs also decreased by P0.5733 per kWh mainly due to lower fuel costs of South Premier Power Corp. under the emergency PSAs with Meralco, as well as that of San Buenaventura Power Ltd.
It was also announced that charges from the WESM increased by P1.0114 per kWh due to tighter supply conditions in the Luzon grid.
With additional report: The Manila Times, Ed Paolo Salting
Charges from IPPs went down by P1.0701 per kWh due to lower costs from First Gas plants. Charges from PSAs also decreased by P0.5733 per kWh mainly due to lower fuel costs of South Premier Power Corp. under the emergency PSAs with Meralco, as well as that of San Buenaventura Power Ltd.
It was also announced that charges from the WESM increased by P1.0114 per kWh due to tighter supply conditions in the Luzon grid.
With additional report: The Manila Times, Ed Paolo Salting
