The Manila Electric Co. (Meralco) will lower its charges this month because of the decrease in transmission charges.
In a statement, Meralco said its customers can expect their electricity bills to go down by 12 centavos per kilowatt-hour (kWh) this month as a result of lower transmission costs.
The utility added that the reduction in the transmission charge was mainly from the lower ancillary service charges of the National Grid Corporation of the Philippines.
Meralco said the other components in the billing that registered reductions include system loss charge, lifeline rate subsidy, value added tax, and local franchise tax, which accumulate to 8 centavos per kWh.
Meralco said that with the summer’s onset, power demand climbed to record levels last month, adding that peak demand in Luzon hit 8,221 megawatts, overtaking the 7,898 MW recorded in 2012.
This resulted in Meralco tapping the Wholesale Electricity Spot Market to add to its sourcing from Power Supply Agreements, Independent Power Producers, and the National Power Corp.