Meralco Rates Increase in November

The Malampaya gas field shutdown further pushed upward the rates of the Manila Electric Company (Meralco) in November.

Overall rate for a typical household by P0.3256 per kilowatt-hour to P9.4630 per kWh, from October’s P9.1374, not including Value Added Tax.

Nearing the P9.50-mark, the November hike is the highest in 2021.

This will result in further burden for households consuming the following, for example:

Energy officials, who are powerless over these increases, said that a power rate hike is possible because of the Malampaya shutdown. The shutdown was extended by three days –from October 2 to 25, from the original schedule of until October 22.

Generation charges increased by P0.2911 per kWh to P5.3346 per kWh, as power spot prices increased by P1.7073 per kWh due to the thin supply in the Luzon grid.