Power rate hike to take effect this month

Maris Federez

MANILA, Philippines – After a series of power rate reduction in the past months, the November electric bill will see a spike of 47 centavos per kilowatt-hour.

This means that a household consuming 200-kilowatt hour in a month will have an added P94 charge, while those consuming 300-kWh will have a P141 additional tab on their bill.

Meanwhile, households consuming 400-kWh will have an added P188 and P235 for those with 500-kWh monthly consumption.

Meralco said the power rate hike is due to the increase in the price of electricity in the spot market which is an effect of the series of yellow alert and the malfunctions that happened in several plants in the Luzon grid.

Furthermore, the refund that the Energy Regulatory Commission ordered Meralco to issue to their customer is also already depleting. The refund had been a big help in reducing the power rate in the past months.

“Nung September nandun po yung buhos nung net settlement surplus refund na inutos ng ERC sa Philippine Electricity Market Corporation kaya malaki naging pagbaba sa singil sa kuryente noong Setyembre na umabot sa mahigit 50 centavos per kilowatt hour ngayon since wala na yan or very minimal nalang yung impact nyan ngayong Nobyembre natin naramdaman yan,” Meralco spokesperson Joe Zaldarriaga said.

This news has brought much concern to Meralco customers.

For now, Meralco has yet to determine if the high power rate will continue until next month, although the electric company said there is a possibility that it will go down in December because electric consumption reduces as the country experiences colder temperatures. (from the report of Joan Nano) /mbmf

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