Customers of Meralco can expect higher power rates after the company finishes paying off a P0.28 per kilowatt-hour refund and the company stops getting its electricity from San Miguel Corp., company spokesman Joe Zaldarriaga said.
Zaldarriaga said the P0.28 per KWh refund will end in December and will immediately have an impact on the January rates.He said the suspension of Meralco’s 2019 power supply agreement with San Miguel would also likely raise electricity costs.Meralco said the overall rate for a typical household to P10.2769 per kWh this December from the previous month’s P9.9472 per kWh.
Charges from Meralco’s power supply agreements went down by P0.2079 per kWh as the First Natgas-San Gabriel plant went back online on Oct. 15 coming from a scheduled maintenance outage from Oct. 1 to 14. The average daily capacity on outage remained at the 3,900-MW level but the reduction in both peak and average demand in the November supply month resulted in fewer impositions of the secondary price cap, which was triggered only 21 percent of the time in November versus October’s 52 percent.Meralco’s Independent Power Producer charges, on the other hand, went up by P0.0545 per kWh.
Meralco’s distribution charge, on the other hand, has not moved since the P0.0360 per kWh reduction for a typical residential customer beginning August 2022.
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