Benise Balaoing

Workers inspect an electric meter installed above ground in Manila on January 11, 2024. Mark Demayo, ABS-CBN News

Article (news)

Electric Meter Reading

Alvin Elchico

ABS-CBN News

MANILA (UPDATE) -- Meralco is raising electricity rates this December. The power distributor told reporters Tuesday that power prices are climbing by P0.1048 per kilowatt-hour because of an increase in the generation charge.This means power prices are going up by the following amounts:<div style="line-height:1">Consumption  Increase</div>200 kwh          P21300 kwh          P31400 kwh          P42500 kwh          P52In a statement, Meralco said generation charges went up by P0.1839 per kWh because of higher costs from the Wholesale Electricity Spot Market (WESM) and Power Supply Agreements (PSAs).WESM charges went up by P0.2531 per kWh with the tighter supply conditions in the Luzon grid. Charges from PSAs, meanwhile, increased by P0.1050 per kWh because of the peso’s depreciation.There was, however, a P0.0410 per kWh decrease in charges from independent power producers. Transmission charges also fell by P0.0940 per kWh due to lower ancillary service charges from the reserve market. Taxes also went up by P0.0149 per kWh.<div>MORE HIKES COMING?</div>But in the first 3 months of 2025, the transmission charge will have an automatic add-on after the Energy Regulatory Commission ordered the recovery of the 70 percent costs incurred by the National Grid Corp of the Philippines from utilizing several power plants for its ancillary services.That translates to an increase of P0.12/kwh every month starting January 2025 until March 2025 in the transmission charge part of the Meralco bill. For Visayas customers, the tucked-in increase is also P0.12/kwh every month but for 6 months from January to June 2025. For Mindanao consumers, the increase is lower at P0.03/kwh for 3 months starting January to march 2025.<div>WATER RATE HIKE TOO</div>The Metropolitan Waterworks and Sewerage System board has also approved the rate hike of both Maynilad and Manila Water starting January 2025.The MWSS regulatory office will announce the actual hike this Thursday but sources from the MWSS claim Maynilad was allowed to increase its tariff by almost P4/cubic meter while Manila Water will hike

Power prices are climbing by P0.1048 per kilowatt-hour because of an increase in the generation charge, Meralco said.

Power prices are climbing by P0.1048 per kilowatt-hour because of an increase in the generation charge, Meralco said.

Meralco raises power rates in December

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Meralco raises power rates in December

Benise Balaoing,

Alvin Elchico,

ABS-CBN News

Published December 10, 2024 11:49 AM PHT

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Updated December 10, 2024 03:52 PM PHT

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