By Myrna Velasco
Customers of Manila Electric Company (Meralco) will have to brace for slight adjustment of P0.1135 per kilowatt hour (kwh) in their electric bills this month due to upward swing in some of the cost components being passed on.
The overall tariff of the utility firm had climbed to P10.0901 per kwh versus the previous billing month’s P9.9766 per kwh.
For households in the base consumption of 200-kilowatt hours, the aggregate hike in their bills for the month will be at P23, according to Meralco.
The utility firm stated that the tariff increase bad been “due to higher WESM (Wholesale Electricity Spot Market) charges,” that had been triggered mainly by an uptick in demand in the past supply month.
At the same time, it cited the increase in Malampaya charges as an added factor driving up rates within the period.
The other line item that moved in this billing month had been the transmission charge, which went up by a very marginal P0.0021 per kWh, chiefly due to the increase in the ancillary services charges of the National Grid Corporation of the Philippines.
The taxes and other charges components in the November billing also escalated by P0.0297 per kwh, according to the utility firm.
Meralco’s rates for the month had been coming from a series of two-month downtrend, which actually served as a relief then for consumers as it was almost at that same time that prices of oil and basic commodities were on wild upswings.
For November billing in particular, generation charge has been higher by P0.0817 per kWh to P5.2725 per kWh from the month-ago level of P5.1908 per kWh.
“The increase in generation charge is mainly a result of a P1.3545 per kWh increase in charges from the WESM,” the distribution firm stressed.
It explained that settlement prices in the spot market “went up due to higher power demand in Luzon resulting from warmer temperature in October.” The company’s supply procurement from the WESM last month had been at 16.6-percent.
The share of supply from Meralco’s contracted independent power producers was at 42.6-percent; while capacity off-take from power supply agreements (PSAs) with private generation companies hovered at 40.8-percent.