THE Manila Electric Company (Meralco) will implement a power rate increase of P0.5782 per kilowatt hour (kWh) this month.
In a statement issued yesterday, Meralco said the upward adjustment brings the overall rate to P10.4067 per kWh or an increase of P114 in the total bill for households consuming 200 kWh.
There will be an increase of P170 for household consuming 300 kWh, P227 for 400 kWh and for households consuming 500 kWh, the adjustment would be as high as P284.
Meralco attributed the hike due to the higher charges from plants under power supply agreements (PSA) and the wholesale electricity spot market (WESM).
From P4.9119 per kWh last month, generation charge for February went up to P5.8939 per kWh, an increase of P0.9820 per kWh.
Transmission charge of residential customers, taxes, and other charges went down by P0.4138 per kWh this month.
Meralco’s distribution, supply, and metering charges, meanwhile, have remained unchanged for 43 months, after these registered reductions in July 2015.
Meralco reiterated that it does not earn from the pass-through charges, such as the generation and transmission charges. Payment for the generation charge goes to the power suppliers, while payment for the transmission charge goes to the NGCP.