MANILA — The Manila Electric Company (Meralco) announced a rate increase for November 2025, as transmission charges and the Feed-In Tariff Allowance (FIT-All) rise by PHP0.1520 per kilowatt-hour (kWh).

The total electricity rate this month will be PHP13.4702/kWh, up from PHP13.3182/kWh in October. The FIT-All, a charge mandated by the Energy Regulatory Commission (ERC) to support renewable energy power generation, is included in this adjustment and is remitted to the National Transmission Corporation (Transco).

Meralco Vice President Joe Zaldarriaga said households consuming 200 kWh per month can expect an additional PHP30 in their bills, while those using 300 kWh will see increases of around PHP46.

However, the generation charge declined slightly to PHP7.9000/kWh from PHP8.0008/kWh due to lower Power Supply Agreement (PSA) rates and reduced Wholesale Electricity Spot Market (WESM) prices. PSA rates fell by PHP0.2985/kWh due to lower fuel costs, while WESM prices decreased by PHP0.6273/kWh amid tightening supply.

Conversely, costs from Independent Power Producers (IPPs) increased by PHP0.2481/kWh due to the peso’s depreciation, which affects IPPs that pay for fuel and operations in US dollars. The three sources—PSAs, WESM, and IPPs—account for 77 percent, 3 percent, and 20 percent of Meralco’s total power mix for November.

Looking ahead, Meralco Vice President and head of utility economics Larry Fernandez noted that electricity demand usually rises during the Christmas season due to lighting, but peak usage occurs in summer when air conditioning demand is higher.

“While lighting load may increase because of Christmas lights, demand in the Luzon grid actually decreases as temperatures drop, which can put downward pressure on spot market prices,” Fernandez said.