According to Meralco, the overall rate for a typical household went up by 39.82 centavos bringing it to P10.4612 per kilowatt-hour from P10.0630/kWh in May.
This, as charges from Independent Power Producers and Power Supply Agreements increased by 60.83 centavos and 8.59 centavos per kWh, respectively, “mainly due to higher fuel costs.” Meanwhile, prices in the Wholesale Electricity Spot Market remained elevated as peak demand in the Luzon grid reached a record 12,113 megawatts in May following the continued easing of mobility restrictions and consequent increase in economic activity.
The deferred generation cost of 42 centavos for April, meanwhile, was spread in three installments at 14 centavos each in May, June, and July.
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