Customers of the Manila Electric Company (Meralco) can expect a sigh of relief this month as the power distributor slashed its overall household electricity rate for April.
Customers of the Manila Electric Company can expect a sigh of relief this month as the power distributor slashed its overall household electricity rate for April.This brought the overall rate for a typical household to P11.3168 per kWh from P11.4348 per kWh in March.
The power distributor said the generation charge declined “even with the collection of the first installment of deferred generation costs equivalent to around P0.20 per kWh this April billing period.” Meralco said WESM charges were lower by P1.0462 per kWh due to an improved supply situation in the Luzon grid, as average plant capacity on outage decreased to around 235 MW.
“Also contributing to the reduction were higher share of excess energy deliveries of some PSAs, which are priced at a discount, and higher average plant dispatch, as First NatGas-San Gabriel returned to normal operations following its planned outage during the 15-day shutdown of the Malampaya facility last February,” Meralco said.On the other hand, charges from Independent Power Producers increased by P0.6710 per kWh following the collection of the first installment of deferred generation costs.
The increase in the IPP rate was mitigated by the significant reduction in the use of more expensive alternative fuel by the First Gas plants and the stronger peso against the US dollar, which affected 97% of IPP costs.On the other hand, all other charges, including transmission charge, taxes and subsidies, also registered a net reduction of P0.0685 per kWh.
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