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Meralco to hike power rates this month


Customers of Manila Electric Co., the country’s biggest power distributor, may expect higher power bills this month due to an increase in the cost of electricity sourced from the spot market.

“Initial results from the (wholesale electricity spot market) show an increase in generation prices,” said a source privy to Meralco data.

According to the source, the increase in WESM rates was due to the “deenergization of the Luzon-Visayas interconnection from October 8 to 13,” which resulted in the reduction of power supply coming from the Visayas grid.

The Leyte–Luzon HVDC link, a high voltage direct current transmission link between geothermal power plants on the island of Leyte and the southern part of Luzon, was deenergized due to annual preventive maintenance work on the converter station, the source said, citing the daily market update from the Philippine Electricity Market Corp., operator of the wholesale electricity spot market.

The source added that the maintenance work on the converter station took place just as some plants in Luzon experienced power outages.

The link begins at the Ormoc converter station in Leyte and ends at the Naga station in Camarines Sur.

During the same period, market prices also rose significantly, the source said. In particular, the load-weighted average price (LWAP) last month peaked at P13.60 per kilowatt-hour on October 10.

The electric utility has yet to announce the final generation charges for November.

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Tags: Consumer Issues , electricity , Energy , Manila Electric Co. (Meralco) , power , Power rates

  • Cal_Reznick

    Gas is high, public transportation fees are going up, and now Meralco to hike power rates…is the Administration doing anything to lower these or are they involved with the increases??

  • Echuserang_Froglet

     yan lahat tumaas na ng tumaas ang presyo ng lahat ng bills. bilihin sa pilipinas. sweldo ganun pa rin. ibagsak ang gobyernong abnoy aquino mga inutil.

  • http://profile.yahoo.com/ULW3TQ5LAJBDUMD32JVJAMTMFY Jojo

    Magtataas na naman ang kuryente dahil sa taunang maintenance na ginawa nitong nakaraang buwan. Pagkatapos nila mabawi ang nagastos sa maintenance ni hindi na nilang maisip ibalik ang presyo sa dati. Madadagdagan naman ulit ito pag meron na naman silang aayusin etc…

  • turkak

    Sarap ng buhay sa pamumuno ni Panot, walang katapusan pagtaas ng kuryente at tubig, toll fees , LRT at MRT at kung anu-anong government fees at taxes. Maraming salamat Pangulo sa kaginhawahan na dulot mo sa mga mahihirap.

    • http://profile.yahoo.com/276L22SZM5ZUQGV24IL4ZEF6UA Edward

      kaya nga sa pananaw ng isang namumuhunan mas paburable ito sa kanila kya nagkandarapa ang mga ratings agencies to upgrade the Philippine credit rating status regardless kung anumang sabihin ng defense communications team ng ating gobierno na ito lahat ay gawa ng good fiscal policy, etc…some sort lng..bilang estudyante at partisipante sa pandaigdigang merkado ito ang totoong nangyayari…tingnan nyo rin ang EU member-countries kung saan pinayuhan sila ng mga ratings agencies na ito na taasan ang mga buwis, government fees para hindi raw sila ma downgrade..pero anong reaksyon ng publiko: protesta dun protesta rito at kung saan saan…nakakatawa at nakakalungkot na proud pa ang pinas na na upgrade tau pero ang di alam ng ating mga kababayan ito na ang kabayaran ng pag upgrade sa ating credit rating status..hayyy, it is always good for us, pinoy…more fun, pnoy…

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