Meralco power rates down in June

MANILA (UPDATE) — Meralco electricity rates are going down in June. The power distributor said power costs were going down by P0.11/kwh this month as electricity prices fell in the spot market.

This means electricity bills may go down by the following amounts:

Consumption     Cost
200 kwh              P22

300 kwh              P32

400 kwh              P43

500 kwh              P54

In a statement, Meralco noted the generation charge fell by P0.1099/kWh to P7.3552/kWh, because of lower charges from power supply agreements, independent power producers, and the wholesale electricity spot market (WESM).

Charges from power supply agreements fell by P0.3699/kWh, from independent power producers by P0.1034/kWh, and from the WESM by P0.6342/kWh.

Meralco said these price drops more than offset the increase in transmission charges, which went up by P0.0214/kWh because of higher ancillary service charges from the National Grid Corporation of the Philippines’ (NGCP) ancillary service procurement agreements and the reserve market.

Other charges, including taxes, registered a net decrease of P0.0191 per kWh.