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Expect lower electric bills this month

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MANILA, Philippines—Customers of Manila Electric Co. can expect their electricity bills to go down in February after the new power supply agreements of the country’s biggest power distributor took effect starting January this year.

A highly placed source disclosed that based on initial estimates and previous simulations,  power bills might go down by about 19 centavos per kilowatt-hour. This will translate to reductions of roughly P19 for households consuming 100 kWh a month; P38 for those consuming 200 kWh; and about P57 for those consuming 300-kWh.

The source said the new power supply contracts, which would deliver more than 2,300 MW of electricity to Meralco, took effect starting the supply month of January, and would be reflected in the February electricity bills.

Meralco signed the contracts, which were already approved last year by the Energy Regulatory Commission, with some of the biggest power players in the country which include San Miguel Energy and South Premiere Power Corp. , both subsidiaries of San Miguel Corp.; SEM-Calaca Power Corp., a wholly owned subsidiary of Semirara Mining Corp., which owns and operates the 600-MW Calaca coal-fired thermal power plant; and Masinloc Power Partners Co., Ltd  of US power giant AES Corp., which owns and operates a 630-MW coal-fired power generating facility in Barangay Bani, Masinloc, Zambales.

The distribution utility earlier said it expected the average blended power rates from its existing and new power supply contracts to reach P5 per kilowatt-hour (kWh) this year and 2014; P5.04 per kWh in 2015; P5.07 per kWH in 2016; P5.08 per kWh in 2017; P5.10 per kWh in 2018; and P5.13 per kWh in 2019. These rates are still lower than the P5.65-per-kWh rate under the company’s transition supply contracts with state-run National Power Corp. (Napocor).


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Tags: electricity , electricity bills , Meralco , power distribution , power sector

  • rodben

    maybe this company is politicized reduce by Cents, increase by Peso.

  • http://profile.yahoo.com/VIZVTAXF7CDL73UM2K5AQ2JT3M paolo s

    Because of Philippine History – The government was not efficient to operate this utilities. Lumobo ang utang ng bansa dahil sa susbsidiya ginawa ng gobyerno at di maayos na linay ng tubig at kuryente dahil sa di tama paglagak at paggastos.

    • opinyonlangpo

      Its either Filipinos are not capable of proper management or the management was politicized.

  • hklt0110

    bakit pa kasi ginawang private ang Meralco, MWSS, Maynilad, National Grid, Napocor, PNOC, NLEX, SLEX, at iba pa na dapat Gobyerno ang nagpapaandar at gumagawa!!

    • opinyonlangpo

      Easy money so it could reflect on the GDP and of course hefty commissions on key approving officials.



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