Meralco expects lower generation rates this month
By Alena Mae S. Flores – December 5, 2023, 9:05 pm
from manilastandard.net
Power retailer Manila Electric Co. (Meralco) expects lower generation charges in December with fewer power plants on outage last month.
“Initial indications show a possibility of lower generation charge this December. We observed an improved supply situation due to lower demand and fewer plant outages, which are expected to bring down prices in the WESM [Wholesale Electricity Spot Market],” Meralco spokesperson Joe Zaldarriaga said.
The WESM is the trading floor of electricity where prices are dictated by supply and demand.
Based on Meralco’s monitoring, the average capacity on outage went down by more than 600 megawatts (MW), and the average demand also declined by more than 400 MW during the November supply month.
Meralco’s overall power rates went up in November by P0.2347 per kilowatt-hour on higher ancillary charges.
The overall rate for a typical household went up to P12.0545 per kWh last month from P11.8198 per kWh in October.
Meralco said the transmission charge went up by P0.1211 per kWh for residential customers due to higher ancillary service charges.
