Mer­alco rates down R0.2703/kwh this month

Manila Bulletin - - Business -

Rates for res­i­den­tial cus­tomers of Manila Elec­tric Com­pany (Mer­alco) will be down by R0.2703 per kilowatt hour (kwh) in this billing month or a to­tal of R54 for those with base con­sump­tion of 200 kilowatt hours. Mer­alco’s to­tal billing rate this month is at R8.09 per kwh, the low­est recorded so far since Oc­to­ber 2009 and lower by R0.31 per kwh com­pared to the same month last year at R8.40 per kwh. The util­ity firm said this month’s rate re­duc­tion “is mainly due to the down­ward move­ment in the gen­er­a­tion charge.” Ad­di­tion­ally, taxes and other charges had been lower by R0.0394 per kwh for this billing cy­cle; gen­er­ally off­set­ting an in­crease of R0.0042 per kwh in trans­mis­sion charges due to an­cil­lary ser­vices. For sup­ply pro­cure­ment from the in­de­pen­dent power pro­duc­ers (IPPs), there was min­i­mal re­duc­tion of R0.0005 per kwh due to im­proved dis­patch of its con­tracted First Gas and Que­zon Power plants. Charges from the Whole­sale Elec­tric­ity Spot Mar­ket (WESM) had lean up­ward ad­just­ment of R0.0267 per kwh to R2.5665 per kwh from R2.5398 per kwh. In De­cem­ber sup­ply month, Mer­alco’s pro­cure­ment from the elec­tric­ity spot mar­ket had been down to 21.8-per­cent from a higher base of 22.5-per­cent in Novem­ber sup­ply month.

Newspapers in English

Newspapers from Philippines

© PressReader. All rights reserved.