Meralco announces new rate hike

  • Page Views 93
  • Power retailer Manila Electric Co. said Monday power rates will go up by P0.23 per kilowatt-hour this month, on the back of higher generation charges.

    Meralco, the country’s biggest power distributor, said in a statement the power rate for a typical residential household will go up to P9.89 per kWh from last month’s P9.67 per kWh.

    This amounts to a P45-increase in the monthly bill of a typical residential household consuming 200 kWh.

    Meralco made the announcement coinciding with another round of oil price hikes.  Oil firms raised the price of gasoline by P1.10 per liter, diesel by P0.90 per liter and kerosene by P0.90 per liter to reflect the movement of oil prices in the international market.

    Seaoil Philippines, PTT Philippines, Eastern Petroleum and other oil firms issued the advisories for the price increase effective 6 a.m. Tuesday. Other oil companies are expected to follow the announcement.

    Energy Undersecretary Felix William Fuentebella said the oil price increase was due to rising global demand and supply disruption in oil producing countries such as Libya.

    Meralco said the rate increase in April was mostly due to the upward movement in the generation charge which 

    included the staggered impact of the Malampaya shutdown approved by the Energy Regulatory Commission.

    Meralco said contributing to the increase was the higher cost of power sourced from independent power producers or IPPs and the Wholesale Electricity Spot Market, the country’s trading floor of electricity.

    Meralco’s generation charge alone increased P0.20 per kWh to P5.10 per kWh from P4.90 per kWh in March because of the P0.39-per-kWh increase in the cost of power sourced from IPPs and the P0.78-per-kWh rise in WESM prices. 

    Higher IPP costs were primarily due to the low dispatch of Quezon Power Philippines Ltd., while the increase in WESM prices was attributed to plant outages and higher demand.

    Meralco said power demand in Luzon rose 790 MW in March from February. The company sourced 34 percent and 14 percent of power from its IPPs and the WESM, respectively.

    Meralco, meanwhile, said the cost of power from its  power supply agreements or PSAs or independent power supply agreements or IPSAs decreased by P0.36 per kWh. Meralco sourced 52 percent from these agreements.

    Transmission charges to residential consumers also decreased slightly by P0.0629 per kWh due to lower ancillary service charges. Taxes and other charges went up by a combined amount of P0.094 per kWh.

    Meralco’s distribution, supply and metering charges were unchanged. (A. M. Flores, MS)

    Share

    New Posts Recently publish post More

    • 28 April 2017
      8 hours ago No comment

      Charice, live-in partner break up after 4 years

      Charice and his live-in partner Alyssa Quijano have called it quits. Carl Cabral, the singer’s handler, exclusively confirmed the split in a text message sent to ABS-CBN News’ MJ Felipe. “Yes, Charice and Alyssa have broken up and it was a mutual decision,” said Cabral, before adding: “Charice is ...

    • 28 April 2017
      11 hours ago No comment

      Personal and Group Training with Smart Body Fitness!

      Dear PNT readers! Here is the conclusion of our earlier feature on Getting your SmartBody ready for Summer:   Important Facts Muscle strength decreases 30% on average between mid and senior years, with even more dramatic strength loss after 80. Endurance training improves the aerobic function of muscles. Resistance ...

    • 28 April 2017
      14 hours ago No comment

      Henry Sy steps down as chairman of SMIC

      SM Investments Corp. on Wednesday announced key organizational changes to support the conglomerate’s next phase of growth, as retail tycoon Henry Sy Sr. steps down as chairman of the board. SMIC said in a statement its board conferred upon Henry Sy Sr. the role of chairman emeritus, in recognition ...

    • 28 April 2017
      17 hours ago No comment

      TFWs: Voting on Issues That We Care About

      Tinig Migrante By E Maestro As of this writing, there are only less than two weeks to go before the provincial election day on May 9. Citizens of Canada in BC will be using their right to vote, that one particular right that distinguishes citizens from permanent residents in ...

    • 28 April 2017
      20 hours ago No comment

      Fil-Am is first lay head of biggest American Catholic U

      Angel Thoughts “Churches are not museums that display perfect people. They are more like hospitals where the wounded, hurt, injured and broken find healing and the Divine Physician and Healer” ************* Here is good news for this Easter Sunday to be thankful for! DePaul’s Board of Trustees in Chicago ...

    %d bloggers like this: