Manila Electric Co., the largest power distributor in the country, said Friday overall electricity rates for a typical household in June increased to P11.9112 per kiloWatt-hour from May’s P11.4929 per kWh. The power rate hike this month will be reflected in the July bill of Meralco customers.
For residential customers consuming 200 kWh, the adjustment is equivalent to an increase of around P84 in their total electricity bill.
Meralco said that as has been anticipated, the driver of overall rate increase in June was the completion of the last distribution-related refund in May equivalent to P0.8656 per kWh for residential customers, which will appear in the June bill.
The power distributor implemented four Distribution Rate True-Up adjustments between March 2021 and May 2023 totaling P48.3 billion which translated to about P1.8009 per kWh refund for residential customers.
“These refunds benefitted Meralco’s customers over the past two years as these helped temper increases in electricity bills at a time of financial distress and uncertainty for many,” Meralco head of Regulatory Management Office Atty. Jose Ronald V. Valles said.
Generation charge declined in June to P7.3502 per kWh from P7.6697 per kWh in May, helping temper the overall rate increase.
Transmission and other charges showed a net decrease of P0.0278 per kWh. Collection of the Feed-In Tariff Allowance remains suspended until the August billing month in accordance with the Energy Regulatory Commission’s resolution extending the collection suspension for another six months starting March 2023.
