Meralco lowers rate this month

Electric meter

Manila Electric Company (Meralco) will implement a power rate decrease of P10.2866  per kilowatt hour (kWH) this month.

This  mean a decrease of around P55 in the total bill of a typical household consuming 200kWh, the Meralco bared.

From P5.6322 per kWh last month, generation charge for May went down to P5.5508 per kWh, a decrease of P0.0814 per kWh.

The generation charge decrease is primarily due to lower charges from the Independent Power Producers (IPPs) and Power Supply Agreements (PSAs).

Meanwhile, charges from the Wholesale Electricity Spot Market (WESM) increased by P3.5355 per kWh because of tight supply conditions in Luzon resulting in seven Yellow Alerts and seven Red Alerts declared by the National Grid Corporation of the Philippines (NGCP) month. WESM provided 12% of Meralco’s supply needs.