After a rollback last month, the Manila Electric Company (Meralco) is increasing its electricity rate for the month of November, due to higher generation charges for the period.
In an advisory on Wednesday, Meralco announced that its overall rate for a typical household was hiked by 8.44 centavos per kilowatt-hour , bringing the overall rate to P9.9472/kWh this month from P9.8628/kWh in October.
The uptick in generation charge was on the back of an increase in charges from Power Supply Agreements by 27.11 centavos/kWh “largely due to the scheduled maintenance outage of First Natgas-San Gabriel plant from October 1 to 14.” Malampaya natural gas prices remained stable following its quarterly repricing that reflected recent movement of international crude oil prices, it added.
Meralco said PSAs, IPPs and WESM accounted for 49%, 45%, and 6%, respectively, of Meralco’s total energy requirement for the period. The power distributor said that distribution charge has not moved since the 3.60 centavos/kWh reduction for a typical residential customer beginning August 2022.
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