THE Manila Electric Company announced that electricity rates this April went up by P0.25 per kilowatthour (kWh) as Malampaya shut down its deepwater gas-to-power facility.
Meralco yesterday said a household consuming 200 kWh will see its April bills up P10.68 per kWh.
Higher WESM charges and peso depreciation bring up the generation charge. From P5.5973 per kWh last month, generation charge for April slightly went up to P5.6322 per kWh, an increase of P0.0349 per kWh.
The generation charge increase is primarily due to higher charges from the Wholesale Electricity Spot Market (WESM) and the weakening of the [eso against US Dollar.
The P1.2815 per kWh increase in WESM charges this April was brought about by tighter supply conditions in the Luzon grid. NGCP placed the grid under Yellow Alert on March 5, 7 and 8, 2019 due to insufficient operating reserves brought about by limited capability of several power plants because of outages and de-ration. The share of WESM to Meralco’s total requirement this month went down to 10.4 percent. Cost of power from the independent power producers (IPPs) also increased by P0.0881 per kWh due to weakening of peso against US dollar. About 95% of IPP charges are dollar-denominated.