by Marje Pelayo | Posted on Monday, July 8th, 2019
MANILA, Philippines – Manila Electric Company (Meralco) announced power rate cut of P0.11/kWh which would reflect in the customer’s July bill.
For this month, a household that consumes 200kWh will save P21.00 in their July bill; P32.00 for every 300kWh consumption; P43.00 for every 400kWh consumption; and P53.00 for every 500kWh consumption.
Meralco explained that the power rate cut was due to the recent reduction in transmission charges as well as the reset cost adjustment which the Energy Regulatory Commission (ERC) ordered to be refunded to consumers.
“Ito iyong cost para mag-conduct ng isang rate review ng mga distribution utilities, (This is the cost of conducting rate review on distribution utilities),” explained Larry Fernandez, head of Meralco’s Utility Economics.
“Ito po ay nag-a-apply sa lahat ng distribution utilities para sa Meralco (This applies to all distribution utilities like Meralco). It was equivalent to a refund na P0.07 centavos per kilowatt-hour,” he said.
Since May this year, Meralco’s power rate cut has accumulated to P0.57/kWh.
Meanwhile, Meralco denied Solar Philippines’ claim that it was instrumental in the lowering of power charges this month arguing that Meralco has not received electricity supply from Solar Philippines Tarlac Farm just yet.
Being the largest and widest solar farm in the country, the Tarlac solar farm is supposed to serve as Meralco’s additional energy source under a power supply agreement.
The solar farm can produce up to 150 megawatts of electricity which can help solve problems of rotation brownouts due to occasional thinning of power supply.
“Well, if you will look at the data it is really the transmission charge and the ERC directive that drove the prices down,” explained Joe Zaldarriaga, Meralco’s spokesperson.
Meralco, however, cannot be certain if the power rate cuts would continue in the succeeding months. – with details from Joan Nano
by Robie de Guzman | Posted on Friday, June 7th, 2019
MANILA, Philippines – The Manila Electric Company (Meralco) on Thursday announced that its electricity rates will go down for the second straight month.
Meralco said the power rates for this month will be reduced by P0.19 per kilowatt hour (kWh), which translates to a decrease of around P38 for a household that consumes 200 kWh each month.
Rates for households with a monthly consumption of 300 kWh will be P57 cheaper, while consumption of 500 kWh will be P95 lower.
The power distributor said the rate reduction is due to lower generation charges as determined through the Wholesale Electricity Spot Market (WESM) despite the continued tightness in supply in Luzon grid.
Last month, the Luzon grid has been consecutively placed under red and yellow alerts due to low power reserves.
Meralco said the power rates for June could have gone down lower if there were fewer alert notices issued.
The power distributor added that lower power rates are expected in the following months when the rainy season is officially declared.
“Ang makikita na lang siguro natin kung sakaling mag-increase yung ating electricity bills is because primarily due to more consumption o mas maraming paggamit ng kuryente, sapagkat as far as rates is concerned bumaba nga po ang presyo ng kuryente,” said Joe Zaldarriaga, spokesperson of Meralco. (with details from Joan Nano)
UNTV is a major TV broadcast network with 24-hour programming. An Ultra High Frequency station with strong brand content that appeal to everyone, UNTV is one of the most trusted and successful Philippine networks that guarantees wholesome and quality viewing experience.