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Electricity rates up this month
November 13, 2024
|The Philippine Star
The eight million customers of power distributor Manila Electric Co. (Meralco) should brace for higher rates this month as generation costs rose due to increased demand and peso depreciation.
At a press conference yesterday, Meralco spokesman Joe Zaldarriaga announced an upward adjustment of P0.4274 per kilowatt-hour in November, bringing the overall rate to P11.8569 per kWh from last month's P11.4295 per kWh.
This translates to an increase of around P85 in the electricity bills of typical households consuming 200 kWh a month.
The generation charge, which increased by about P0.29 per kWh this month, covers the cost of power purchased from independent power producers (IPPS), the Wholesale Electricity Spot Market (WESM) and power supply agreements (PSAs).
هذه القصة من طبعة November 13, 2024 من The Philippine Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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