Meralco's April rates to go up

Posted at 04/08/2014 3:11 PM | Updated as of 04/08/2014 5:10 PM
 

MANILA, Philippines – Manila Electric Corp. (Meralco) rates will go up by P0.89 per kilowatt hour (kWh) due to a spike in generation and other charges in the April billing.

Consumers with a 200 kWh monthly consumption will see an increase of P178 while those consuming 300 kWh will experience an increase of P267.

Those consuming 400 kWh will see an increase of P356 while those using 500 kWh will see an increase of P445.

The increase in generation charge is a result of higher electricity prices at the spot market accounting for around P0.69 plus an additional P0.20 due to transmission, taxes and other components of the bill.

Yellow alert

Meanwhile, sources from the Department of Energy said the entire Luzon grid is now on yellow alert, which means electricity reserve is thin and that a power interruption may happen once demand picks up or another power plant bogs down.

According to the sources, the Pagbilao plant with a capacity of 382 megawatts went on emergency shutdown Monday due to a boiler tube leak.

The Tiwi plant also bogged down, further shaving 30 megawatts from the grid.

The yellow alert is expected to last until Thursday when some of the plants will come back to the grid.