meralco price

The Manila Electric Company (Meralco) has announced that rates for April 2022 have increased by PHP 0.5363, going to PHP 10.1830 per kWh from PHP 9.6467 per kWh in March. Meralco said that this is equivalent to an increase of around PHP 107 in the total bill of a residential customer consuming 200 kWh. "This month’s generation charge increase would have been significantly higher, but Meralco coordinated with the Energy Regulatory Commission (ERC) and some of its suppliers to again defer collection of portions of their generation costs to cushion the impact on the customers’ bills,” Meralco Head of Regulatory Management Office Atty. Valles said on top of the additional deferred generation charges from suppliers totaling around PHP 945 million, the ERC also directed Meralco to defer the collection of PHP 300 million generation costs, which further reduced this month’s generation rate by about 11 centavos per kWh. Also weighing on the generation charge were WESM prices, which remained elevated in March. The secondary price cap was imposed 4.49% of the time during the supply month amid tight supply conditions in the Luzon grid. The higher demand and the maintenance shutdown of Quezon Power prompted Meralco to source additional supply from the WESM. With the current situation, Meralco warned that generation rates are still expected to increase in the coming months. Read more in our articles including "Meralco announces increased rates for April 2022" and "OnePlus Watch Lite now official".