November 13 ------ MANILA Electric Co. (Meralco) said on Tuesday that power rates would go up by P0.4274 per kilowatt hour (kWh) this November, bringing the overall rate for a typical household to P11.8569 per kWh from October's P11.4295 per kWh. It said that for residential customers consuming 200 kWh, the adjustment would be equivalent to an increase of around P85 in their total electricity bill this month.
Meralco said the rate hike was due to increases in all its segments. It said generation charge went up by P0.2884 per kWh because of increases in charges from the Independent Power Producers (IPPs), Power Supply Agreements (PSAs), and charges from the Wholesale Electricity Spot Market (WESM). Charges from IPPs and PSAs went up by P0.9392 per kWh and P0.4295 per kWh, respectively, largely due to the depreciation of the peso. Meralco added the payments for liquefied natural gas (LNG) terminal fees of First Gas Sta. Rita and San Lorenzo plants contributed to the higher IPP charges for the month.
Meanwhile, charges from the WESM inched up by P0.0150 per kWh, as average demand in the Luzon grid was higher by about 198 megawatts (MW) while average capacity on outage also increased by 179 MW.
Source: manilatimes.net
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