Quantcast
Latest Stories

Lower Meralco bills seen in February

By

MANILA, Philippines—Customers of Manila Electric Co. can expect their electricity bills to go down by a total of 58 centavos per kilowatt-hour in February, due to decreases in the generation and system loss charges.

This means that households consuming 100 kWh in a month can expect their electricity bills to go down by P47.04, while those consuming 200 kWh will see a decrease of P115.20, according to Lawrence S. Fernandez, assistant vice president and head of utility economics of Meralco.

Households that consume 300 kWh and 400 kWh monthly will meanwhile enjoy reductions of P172.80 and P230.40, respectively, Fernandez said in a telephone interview.

In a separate statement issued Thursday, Meralco said that the reduction in power bills this month can be attributed to the 55-centavo-per-kWh decline in the generation charge to P5.24 per kWh—the lowest level recorded since September 2011.

“The reduction was mainly a result of the low rates arising from the [new] power supply agreements (PSAs) Meralco signed with its suppliers. The PSAs, which replaced the National Power Corp. transition supply contract (NPC-TSC), registered a substantial reduction of P1.10 per kWh,” the distribution utility said.

Meralco signed these new PSAs with 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; San Miguel Energy and South Premiere Power Corp., both subsidiaries of San Miguel Corp.; 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 (village) Bani, Masinloc, Zambales; and the Aboitiz-led Therma Luzon Inc. (TLI).

“The new PSAs, which were approved by the Energy Regulatory Commission, are in accordance with Meralco’s commitment to providing least-cost supply to its customers,” the statement added.

Meralco noted that the lower rates from these new PSAs mitigated a 28-centavo-per-kWh increase in the cost of power sourced from its independent power producers—Quezon Power Philippines Ltd.’s coal-fed facility and the 1,000-megawatt Sta. Rita, the 500-MW San Lorenzo natural gas-fired plants.

For the month of January, Meralco sourced 55 percent of its power supply requirements from the new PSAs; 39 percent from the IPPs; and 6 percent from other sources including the wholesale electricity spot market.

Meanwhile, Meralco also reported that transmission charges registered an increase in February, based on the bill of the National Grid Corp. of the Philippines (NGCP) for January 2013. While the transmission charge for a household using 200 kWh went up by 6 centavos per kWh, this was more than offset by the 10-centavo per kWh combined reduction in system loss charges and taxes.

The power firm stressed anew that it does not earn from generation charges. Payments for the generation charge, which is a pass-on cost for Meralco, goes to the power producers such as Napocor, the IPPs and WESM.

The company’s own rates—in the form of distribution, supply and metering charges—account for only about 16 percent of the total electricity bill.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , electricity , News

  • http://twitter.com/hp2184 RJ Legaspi

    I sincerely hope that the Philippines energy costs would drop and be as competitive as the other Asian countries. We have one of the highest electric rates in the region. I do hope too that we could focus on renewable energy resources! 



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Aquino: ‘Doubting Thomases’ now contributing to PH recovery
  • Fire engulfs apartments in Sampaloc
  • Messy warehouse belongs to Unicef, WFP, says Soliman
  • Suspected Abu Sayyaf rebels release hostage
  • New meaning of Easter in Samar
  • Sports

  • Warriors beat Clippers in playoff opener
  • Pacquiao top Mayweather contender
  • Rain or Shine, Ginebra clash for No. 6 spot
  • Ateneo eyes quarterfinal spot vs Benilde
  • Style contrast marks OneFC ‘Rise of Heroes’
  • Lifestyle

  • Noli Yamsuan, Cardinal Sin’s ‘official’ photographer: ‘I could smell the aftershave lotion of the Pope’
  • Simplifying and lightening life
  • Where to go for Easter night-out
  • Joe de Venecia visits the Queen Mother of Cambodia
  • Fashionistas flock to designer’s wedding
  • Entertainment

  • Show-biz celebrities’ other choices of summer getaway
  • Why ‘Noah’ can’t dock his ark at Philippine theaters
  • Acclaimed artist goes wild while on holiday
  • Believing in this mermaid
  • Missing Xian
  • Business

  • Top-selling insurance agent opens her dream café
  • Connecting and transacting with one another
  • Building wealth for health
  • Why Mandaue Foam buys, rather than rents, space
  • A workplace of new possibilities
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Epiphany
  • Unpaid creditor vs distressed debtor
  • Moving on
  • From culinary desert to paradise
  • Response to China: ‘Usjaphil’
  • Global Nation

  • Asia seeks Obama’s assurance in territorial spats
  • Cesar Chavez movie sparks memories of Fil-Am labor leaders
  • Filipinos in US poised for success
  • Visas for priests and other faith leaders
  • DOH to continue tracking co-passengers of OFW infected with MERS virus
  • Marketplace