ELECTRICITY sales in June eased because of cooler weather, tempering power sales growth for the first half to around 6.5%, Manila Electric Co. (Meralco) said. “For the first five months year-to-date, (we had) growth of 7.5% per annum, but June is trending a little softer because, number one, the rains have started. It’s been cool…
Tag: electricity rates
Power spot market prices nearly halved in Sept
Ample supply and cooler temperatures drove Wholesale Electricity Spot Market (WESM) rates down by nearly half as of end-September. In a statement, the Philippine Electricity Market Corp. (PEMC) said there was a considerable dip in the final effective settlement spot prices (ESSPs) for the September 2016 billing period at P2.86 per kilowatt-hour from P4.17 per…
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,…
Meralco rates decline in September; Luzon grid suffers 1-hour power outage
Manila Electric Co. said Tuesday consumers will see lower power rates this month on lower transmission charges. Meralco said in a statement the residential rate for a typical household would go down by P0.0451 to 8.46 per kilowatt-hour in September. This would translate into a reduction of P9 in the electricity bill of a household…
Power rates drop in June
The residential rate for a typical household consuming 200 kilowatt hour (kWh) per month will go down by P0.13 per kWh to P8.32 per kWh in June, Meralco said on Tuesday. Meralco spokesperson Joe Zaldarriaga noted the generation charge declined by P0.16 per kWh. Rates were also lower from the Wholesale Electricity Spot Market and…
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