400 kWh – P215Meralco said the generation charge increased by P0.3987 to P5.8724 per kWh due to higher charges from independent power producers and the spot market.
On top of this, the ERC ordered Meralco to defer P300 million in generation costs, tempering the increase by about 11 centavos per kWh. The deferred costs will be billed on a staggered basis over the next three months. Wholesale Electricity Spot Market rates also remained high in March amid tight supply in the Luzon grid.
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