By
Lenie Lectura - November 7, 2017
Power rates could go
up this month, mainly on account of higher power-generation charge
compared to the previous month.
“There are indications
that generation charge will likely increase, which will most likely push total
electricity rates up for the month of November, since generation charge
accounts for more than 50 percent of the rate component,” Manila Electric Co.
(Meralco) Spokesman Joe Zaldarriaga said.
He did not say how much
the generation charge will go up. The utility firm will announce the final
rates within the week.
Zaldarriaga said that,
though that an upward generation charge may be attributed to a number of
factors, including higher Wholesale Electricity Spot Market charges due to
tight supply conditions last month when a number of plants went on longer
unscheduled outages. Likewise, the peso depreciation strongly affects
generation-charge movement. In October the peso weakened further against the US
dollar, influencing generation prices in the process.
Last month Meralco
announced an increase for October rates, amounting to P0.0345 per kWh for a
typical residential household. This brought overall rate from September’s
P9.2491 per kWh to P9.2836 per kWh in October. The slight rate increase in
October amounted to a P6.91 increase in the total bill of a typical residential
household consuming 200 kWh.
The October rate
increase is mainly due to the P0.1777 per kWh increase in generation charge,
which was offset by the reduction in other charges.
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