Meralco says power rates to decrease for 2nd month

June 6, 2019

Manila Electric Company (Meralco) announced Thursday a second consecutive month of lower power rates, as overall electricity rates for a typical household consuming 200 kilowatt per hour decreased to P10.0918 per kWh from last month’s P10.2866 per kWh.

The downward adjustment of P0.1948 per kWh will mean a decrease of around P39 in the total bill.

This second straight month of electricity rate decrease represents a total downward adjustment of around P0.47 per kWh since May.

From P5.5508 per kWh last month, generation charge for June went down to P5.4158 per kWh, a decrease of P0.1350 per kWh.

The generation charge decrease is primarily due to lower charges from the Wholesale Electricity Spot Market despite increases in the charges of independent power producers and power supply agreements.

Purchases from the WESM decreased by P0.3100 per kWh despite continued tightness of supply conditions in the Luzon grid.

While the number of days on red alert as declared by the National Grid Corporation of the Philippines (NGCP) decreased from seven last month to two in May, the number of days on yellow alert increased from seven in April to 13 this month due to higher demand for power.

WESM provided nine percent of Meralco’s supply needs. DMS