Meralco said overall electricity rate for a typical household went up by P0.4201 per kilowatt-hour to P11.8198 this month from P11.3997 per kWh in September.
For October, Meralco’s generation charge increased by P0.3015 to P7.1267 per kWh from P6.8252 last month due to higher charges from independent power producers and power supply agreements . Charges from the Wholesale Electricity Spot Market also saw a slight upward adjustment of P0.0525 per kWh even as the supply situation in the Luzon grid improved in September.On top of the increase in generation charge, which accounts for more than half of the electric rate, Meralco said the transmission charge for residential customers also rose by P0.0264 per kWh due to higher ancillary service charges.
The collection of the feed-in tariff allowance , at the rate of P0.0364 per kWh remains suspended, as directed by the ERC. For next month, Zaldarriaga said it is still too early to tell what the likely trend in prices will be. Telco newcomer Dito Telecommunity Corp. has appointed an industry veteran as its new CEO, banking on him to lead the company...
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