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…
Tag: power rate
CCPI urges government to revive Bataan nuclear plant
The Chamber of Commerce of the Philippine Islands (CCPI) is urging the government to immediately adopt the use of nuclear energy by reviving the mothballed Bataan Nuclear Power Plant (BNPP) to support the country’s competitiveness globally. However, the Department of Energy (DOE) said it has yet to ascertain the power plant’s viability to ensure safety…
First Gen clean energy plants can lower consumer electricity bills–group
Two new plants in Batangas generate clean energy that can lower the bills of Manila Electric Company Meralco subscribers and in turn help grow the manufacturing industry, an electronics group said Friday. Two facilities in Santa Rita, a 414-megawatt MW San Gabriel combined-cycle plant and a 97-MW Avion open cycle natural gas-fired plant, were inaugurated…
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…
Meralco rates to go up this month: sources
The country’s largest power distributor, Manila Electric Co. Meralco, announced Tuesday that charges would go up this month, according to ABS-CBN sources. The generation charge, which the utility pays to power producers, will increase by P0.34 per kilowatt hour, but this will be offset by a decrease in transmission charges, resulting in a net increase…
New energy chief vows to reduce cost of power
Newly-installed Energy Secretary Alfonso Cusi on Monday vowed to bring down the cost of power in the country, which is one of the highest in the world and the highest in Asia, “second to Japan.” Read more here and here.
Energy Chief sets top priorities
Incoming energy secretary Alfonso Cusi will continue to work on securing reliable power supply and aim to achieve lower power rates “in the eyes of the consumers.” In a chance interview with reporters yesterday, Cusi said he will resume all the programs his predecessor, outgoing Energy Secretary Zenaida Monsada, started. 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.
Winnergy Holdings Corp. 