The increase is attributed to higher generation charge due to higher costs from the Wholesale Electricity Spot Market and existing power supply agreements .MANILA, Philippines — Household consumers should expect higher electricity bills this month as energy utility provider Manila Electric Co. increased rates by P0.4621 per kilowatt hour, to P11.4139 per kWh from P10.9518 per kWh last month.
“As you know, the supply situation in April was challenged, not only on our side but the entire grid. So, if we did not resort to the spot market, we would have had a shortage in the energy supply,” Zaldarriaga said at a press conference on Tuesday.Charges from the spot market hiked by P1.7913 per kWh following tight supply in the Luzon grid, which was placed on red and yellow alert several times since April 16. Likewise, demand increased by 2,401 megawatts .
Last month, Meralco dropped electricity rates by P0.9879 per kWh, marking the first decrease this year. This brought the overall rate for regular households to go down to P10.9518 per kWh from P11.9397 per kWh in March. Beijing is deploying a “huge force” to prevent a flotilla of Filipino fishing boats and other small vessels under...
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