Indications point to higher electricity rates for Manila Electric Co. this January, its third consecutive month of increase, according to an official of the power distributor.
The Manila Electric Co. has issued a notice of claim to San Miguel Global Power’s South Premiere Power Corp. to cover the additional costs it has been incurring as a result of the 60-day temporary restraining order on their power supply deal.
The Department of Energy said Manila Electric Co. application to exempt its emergency power supply agreements with generation companies from undergoing competitive selection process is still under evaluation.
Consumers are expected to benefit from the Energy Regulatory Commission reset of power transmission rates, with households consuming 200 kilowatt hours seen saving as much as P47.52 in their monthly electricity bills.
The sharp depreciation of the peso against the dollar alongside higher charges at the Wholesale Electricity Spot Market could raise Manila Electric Co. (Meralco)’s generation charge for October.