• Meralco says power rates down this month

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    POWER consumers will see a drop of 13 centavos per kilowatt-hour in their February bill because of lower generation charges, according to the Manila Electric Co. (Meralco).

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    The country’s biggest power distributor said the generation charge was smaller because the power supply has stabilized. For February, the generation charge will be P5.54 kilowatt per hour (kWh), 13 centavos lower than January’s P5.67.

    Meralco said the cost of power sourced from the Wholesale Electricity Spot Market (WESM) went down to P30.67 per kWh from P36.08 per kWh in December.

    “This reduction in the generation charge, particularly in the cost of power from WESM, was expected as power supply normalized during the January supply month, with most of the baseload power plants that were previously out of service returning to normal operations and with gas-fired plants no longer using the more costly liquid fuel, such as condensate and bio-diesel,” the power distributor explained.

    “Sa pagbabalik-normal ng suplay ng kuryente, bumaba sa P5.54/kWh ang generation charge ngayong buwan,” Meralco said on Twitter.

    The surge in the generation charge prompted Meralco to seek a record rate hike late last year. The company blamed the higher rates to the shutdown of the Malampaya plant and other power plants. Luzon gets the bulk of its power from Malampaya.

    The Supreme Court stopped the implementation of the P4.15 per kilowatt-hour rate increase in December.

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