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Consumers of Manila Electric Co. will experience a minimal increase in March electricity rates of P0.0229 per kilowatt-hour on higher ancillary charges.
Meralco said in a statement this brought the overall rate for a typical household to P11.9397 per kWh this month from P11.9168 per kWh in February. “Driving this month’s overall rate increase is the P0.3976 per kWh increase in the transmission charge for residential customers due to higher ancillary service charges, which more than tripled this month and now account for around 52 percent of total transmission costs,” the company said.Meralco said ancillary charge increase was tempered by a P0.3518 per kWh reduction in the generation charge.
Meralco sourced bulk of its power requirement for the February supply month from the PSAs, accounting for 51 percent. Charges from Meralco’s independent power producers also went down by P0.1443 per kWh, reflecting deductions of natural gas costs for First Gas Power Corp.–Sta. Rita under its new gas sale and purchase agreement , as directed by the Energy Regulatory Commission.
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