Customers of Manila Electric Co. (Meralco) are likely to see a reduction in power rates this month due to lower generation charge – the biggest component in electricity bills. “We may see the possibility of lower electricity rates this month following a slight increase in December,” Meralco spokesperson Joe Zaldarriaga said. He said charges from…
Tag: electricity rate
Meralco to hike rates in Dec as weak peso pads costs
Manila Electric Co., the country’s largest power distributor, said Wednesday it would increase rates this month after the peso’s weakness against the dollar inflated costs. The P0.10kwh adjustment will result to an increase of roughly P20 for those who consume 200 kwh monthly, P30 for 300 kwh, P40 for 400 kwh and P50 for 500…
Power cost seen rising next year due to FIT-All
Consumers will pay for higher power rates next year, or once the Energy Regulatory Commission approves the “close to P0.23 per kilowatt-hour” feed-in tariff application of National Transmission Corp. TransCo is set to file its feed-in tariff allowance application to the ERC next week. Energy Secretary Alfonso Cusi, who sits on the TransCo board, told…
Gatchalian seeks lower pass-on power charges
Sen. Sherwin Gatchalian is seeking the immediate passage of a bill, which seeks to lower electricity rates by as much as 15.67 centavos per kilowatt hour through the reduction of charges passed on to consumers by power companies. Senate Bill 1188, or the proposed “Recoverable System Loss Act,” lowers the system loss cap – the…
Meralco says power rates to go down in October
Power distributor Manila Electric Co. said Thursday electricity rates for October will go down by P0.12 per kilowatthour due to a reduction in generation and transmission charges. Electricity rates for a typical household will go down to P8.34 per kilowatthour this month. This would mean a P24 reduction in the monthly bill of households that…
RP power rates 3rd highest in Asia
POWER rates in the Philippines are the third highest in Asia and fourth in the Asia-Pacific region, said a survey done by the International Energy Consultants (IEC), an Australia-based consulting firm specializing in Asian power markets. IEC Managing Director Dr. John Morris, who led the study, said the results of the study reflect the period January 2016 compared…
ERC commissions study on system loss charges
The Energy Regulatory Commission (ERC) has tapped a third party consultant to do a review on the system loss charges aimed to reduce the pass-on burden to consumers. The power regulator commissioned a third party to study and make reconmmendations on the system loss charges aimed to benefit consumers, ERC spokesperson Floresinda Digal said after…
ERC may continue probe till next year of 12 gencos that raised power rates in Dec. 2013
THE Energy Regulatory Commission (ERC) may not finish this year the probe involving 12 generation companies (gencos) found to have engaged in anticompetitive behavior that led to record-high increases in power rates in December 2013. “Mahihirapan siguro,” ERC Commissioner Alfredo Non said. “We can start the hearings in October. The decision, however, I don’t know…
Electricity rates go down in September
Meralco announced that the residential rate for a typical household will go down this September by around PhP0.0451 per kilowatthour (kWh), thereby bringing it down to PhP8.46 per kWh. This translates to a reduction of around PhP9 in the electricity bill of a household with monthly consumption of 200 kWh. The reduction is due to the downward movement in the transmission charge,…
Electricity rates lowest in 6 years
Meralco announced that the residential rate for a typical 200 kWh household went down this June by around PhP0.13 per kilowatthour (kWh), thereby bringing it down to PhP8.32 per kWh, the lowest since January 2010. The reduction was due to the downward movement in the generation charge, which more than offset a higher transmission charge. Read more here.
WESM rate to decrees in rainy season
Barring unforeseen plant outages, the electricity spot market rate is expected to sustain its downtrend on cooler temperature and higher available supply from various power plants, market operator Philippine Electricity Market Corp. (PEMC) said. Read more here.
Residential power rates to drop by P0.41/kwh
Meralco announced that residential customers will enjoy a 41-centavos per kWh decrease in electricity rates this May, to P8.444 per kWh, due to the downward movement in generation, transmission, taxes, and other charges. Read more here.
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