Transmission charge hike forces Meralco to raise November electricity rates
Credit to Author: Ian Laqui| Date: Thu, 9 Nov 2023 15:00:00 +0800
MANILA, Philippines — The Manila Electric Company (Meralco) announced an increase in electricity rates for the month of November due to higher transmission charge.
There will be an adjustment of P0.2347 per kWh in the November electricity rate, resulting in an overall rate of P12.0545 per kWh for a typical household this month, up from P11.8198 per kWh in October.
For residential customers using 200 kWh, the adjustment results in an approximately P47 increase in their overall electricity bill.
Meralco attributed the increase to high transmission charge which has gone up by P0.1211 per kWh for residential customers due to increased ancillary service charges by the National Grid Corp. of the Philippines.
“The National Grid Corp. of the Philippines (NGCP) has significantly raised its ancillary service charge for regulating reserves, accounting for about 76.5% of total ancillary service charges,” Meralco’s statement read.
Meralco's distribution charge has not changed since a P0.0360 per kWh reduction that started in August 2022.