THE higher transmission charges that triggered an increase in Manila Electric Co.'s (Meralco) power rates for this month were caused by ancillary service (AS) costs, National Grid Corp. of the Philippines (NGCP) said on Thursday.
THE higher transmission charges that triggered an increase in Manila Electric Co.'s power rates for this month were caused by ancillary service costs, National Grid Corp. of the Philippines said on Thursday.' NGCP clarifies that while consumers may notice an increase in transmission charges, this is a result of the resumption of the AS reserve market,' assistant vice president Cynthia Perez-Alabanza said.AS rates for the August 2024 billing period rose to P0.
'In compliance with directives from the Department of Energy and the ERC, NGCP contracts 50 percent of its AS requirement from firm agreements and 50 percent from the AS reserve market,' Alabanza said.Meralco on Wednesday announced a P0.1543/kWh rate hike for September that brought the overall rate for a typical household to P11.7882/kWh from P11.6339 in August.NGCP said that it does not earn from AS and thus would not benefit from higher prices.
Explains Increase In Transmission Charges
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