Meralco said the overall rate for a typical household was reduced by 7.37 centavos per kilowatt-hour (/kWh) to P9.8628/kWh from the P9.9365/kWh in September.
Meralco said the overall rate for a typical household was reduced by 7.37 centavos per kilowatt-hour to P9.8628/kWh from the P9.9365/kWh in September.
Meralco attributed the decline to the reduction in the feed-in-tariff allowance which was reduced by 6.19 centavos/kWh, after the Energy Regulatory Commission approved lower collection starting October. Meralco said charges from independent power producers and power supply agreements also decreased during the month, with both cumulatively accounting for 96% of the firm’s energy requirement for the period.
Charges in the WESM increased by P4.8128 to P11.9990/kWh, largely driven by the tight supply conditions on the Luzon grid as both demand and outage increased.last month placed the Luzon Grid on Red Alert statusMeralco on Monday also assured that it will exhaust remedies to prevent the termination of the agreements with South Premiere Power Corp.
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