“This month’s overall rate increase was mainly due to the completion of a distribution-related refund equivalent to P0.4669 per kWh for residential customers,” Meralco said in a statement.
Meralco is still implementing three refunds totaling P1.3340 per kWh for residential customers, which it said continues to temper its customers’ monthly bills. The first refund amounting to 27 centavos per kWh will be completed this month and the second refund, equivalent to 19 centavos per kWh, will be fully settled by January next year. The last refund, which will end in May 2023 translates to 86 centavos per kWh.Rates coming from Meralco’s power supply agreements fell by P0.2079 per kWh as the First Natgas-San Gabriel plant went back online on Oct. 15, following its scheduled maintenance outage from Oct. 1 to Oct. 14.The decrease of P1.
Charges from the independent power producer, however, increased by P0.0545 per kWh as First Gas-Sta. Rita Module 10 went on scheduled outage from Nov. 4 to Nov. 11 and from Nov. 19 and Nov. 20, while Sta. Rita Module 40 was also on scheduled outage from Nov. 12 to Nov. 27.
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