Meralco announced on Friday another rate increase of P0.4183 per kilowatt-hour for the June billing period, bringing a typical household’s overall electricity rate to P11.9112 per kWh from P11.4929 per kWh in May. | MegINQ /PDI
He was referring to the final tranche of the distribution rate true-up—adjustments equivalent to P0.8656 per kWh—or P173.12 for a household consuming 200 kWh a month—that it had been implementing since March 2021.
Generation charge, or the cost of power purchased from suppliers that accounts for more than 50 percent of a customer’s total monthly bill, cushioned the impact of this month’s rate increase. Tight supply According to Meralco, spot market charges soared by P2.0187 per kWh due to tight supply in the Luzon grid.Peak demand in the power-hungry grid reached a historic high of 12,431 megawatts on May 9, following the red and yellow alerts raised in the island group.
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