Consumers of Manila Electric Co. (Meralco) will see their monthly bill increase P0.1048 per kilowatt-hour in December 2024.
This brings the overall rate for a typical household to P11.9617 per kilowatt-hour from P11.8569 per kWh in November.
“For our residential customers with a consumption of 200 kWh, this translates to an upward adjustment of P21 in their total electricity bill this month,” Meralco vice president and head of corporate communications Joe Zaldarriaga said.
Zaldarriaga said higher generation charge led the overall rate increase due to higher rates at the Wholesale Electricity Spot Market, the trading floor of electricity and power supply agreements.
“This month’s increase was largely due to higher generation charge, which goes to our power suppliers,” Zaldarriaga said. Meralco’s generation charge increased by P0.1839 per kWh as WESM charges went up by P0.2531 per kWh, with the tighter supply conditions in the Luzon grid as average capacity on outage increased by around 396 MW.