MANILA, Philippines — Meralco clients will face a steeper electrical energy price hike this August, the ability distributor introduced on Tuesday, August 12.
Charges will rise by P0.6268 per kilowatt-hour, bringing the general cost to P13.2703 per kWh.
That is greater than July’s P0.4883 per kWh improve that raised charges to P12.6435 per kWh.
For a family consuming 200 per kWh a month, the brand new charges imply a further P125 on the month-to-month invoice. To keep away from greater prices, customers must minimize down on electrical energy use as an alternative.
Meralco mentioned households can anticipate the next will increase of their July payments, relying on their utilization:
- 200 kWh – P125.36
- 300 kWh – P188.04
- 400 kWh – P250.72
- 500 kWh – P313.40
Meralco attributed the hike to greater pass-through expenses, which cowl funds to energy suppliers and the grid operator, together with taxes and different government-mandated charges.
Technology, transmission expenses up
The technology cost rose by P0.3749 per kWh in August, pushed by greater charges from Impartial Energy Producers (IPPs) and the Wholesale Electrical energy Spot Market (WESM) in July.
IPP expenses elevated by P0.9476 per kWh, largely because of the Philippine peso’s depreciation in opposition to the US greenback. Since 99% of IPP prices are dollar-denominated, the weaker peso considerably pushed charges up.
Decrease common plant dispatch additionally contributed to the rise, following scheduled upkeep of pure gasoline amenities in June and July. Each First Gasoline-San Lorenzo and First Gasoline-Sta. Rita reported greater charges.
IPP expenses make up about 25% of Meralco’s whole power provide.
Expenses from the Wholesale Electrical energy Spot Market (WESM) additionally rose by P0.4582 per kWh attributable to a mean outage of practically 400 megawatts within the Luzon grid.
Transmission expenses additionally elevated by P0.1270 per kWh, following the Nationwide Grid Company of the Philippines’ (NGCP) greater most allowable income and the gathering of under-recoveries from 2016 to 2022.
Taxes and different expenses went up by P0.1249 per kWh.
PSA expenses down
The speed hike would have been greater if not for a P0.2604 per kWh drop in expenses from Energy Provide Agreements (PSAs), pushed by decrease coal and liquefied pure gasoline costs.
PSAs accounted for about 68% of Meralco’s whole power provide through the interval.
The distribution cost, in the meantime, has remained unchanged since August 2022.
Fee changes are calculated by including adjustments in technology, transmission and distribution prices, in addition to regulatory reset charges, taxes, and different pass-through expenses.
Meralco mentioned solely 17.5% of a family’s electrical energy invoice goes to the corporate by means of the distribution cost, which covers the price of creating, setting up, working and sustaining its distribution system.
