[2631669,2633904,2633410,2633275,2633266,2633282,2633196], Meralco rates to go down in March billing, DA celebrates signing into law of Coco Levy Act, Out-of-home advertising rides on Asian pop stars, BSP expects higher 4.7% inflation rate in February, Landbank profit drops 7% to P17 B amid pandemic, Pump prices on another round of hefty increases this week, Siemens sees Asia Pacific as ‘energy demand growth’ driver, Strict biosecurity, feed hygiene should be everyone’s priority in fighting ASF, Go Lokal program upgrades over a thousand MSMEs, Shell’s solar installations light up Batangas communities, PH’s cloud adoption rapidly growing in 2021, China Bank profits up 20% despite pandemic, DOF: ‘More years’ needed to nurse economy. In a statement, Meralco said that the January electricity rate is up P0.2744 per kiloWatt-hour (kWh) compared to its December level. In 2012, IEC presented a detailed survey and analysis of retail electricity tariffs and costs in 44 markets from across the globe. © 2021 Manila Bulletin The Nation's Leading Newspaper. “This projected decrease in power rates will continue the downward trend in the cost of electricity, with overall rates having decreased by more than P1.00 per kWh since the start of 2020,” the Meralco executive emphasized. The Manila Electric Co. (Meralco) will cut its rates by P0.0704 per kilowatt hour (kWh) this month. Summer months are often associated with radical upswings in demand because of scorching weather that will then prompt the use of more cooling systems at homes and many establishments. For April 2020, Meralco’s rates were at Php8.9951 per kWh. This is equivalent to a decrease of around P14 in the total bill of residential customers consuming 200 kWh. Meralco cut its power rates by 7 percent per kilowatt hour to P8.6793/kWh in February or about P14 for the total bill of residential customers consuming 200 kWh per month. Meralco said rates dropped to ₱8.7468 per kilowatt hour this month, ₱0.2483 per kWh less than April's rate of ₱8.9951 per kWh. Meralco mainly attributed this month’s power rate reduction to the lower generation charge, which is the biggest pass-through component in the electric bills.The generation charge for February billing cycle was pared by P0.0422 per kwh to P4.4152 per kwh as against P4.4574 per kwh in the January supply month.Meanwhile, the pass-through transmission charge this month had declined by P0.0128 per kwh, mainly because of lower ancillary service charges of National Grid Corporation of the Philippines; then taxes and other charges had likewise posted net decrease of P0.0154 per kwh.As explained by the utility firm, “the reduction in generation charge this month is due to lower fixed charges from the power supply agreements” – in reference to its capacity-offtake from private power suppliers.Meralco qualified though that its procurement of supply from contracted independent power producers (IPPs) had gone up by P0.2103 per kwh “due to lower average plant dispatch, higher Malampaya natural gas prices due to quarterly repricing and the peso depreciation.”Further, the power firm noted that its supply sourcing from the Wholesale Electricity Spot Market (WESM) yielded overall higher rate of P0.9577 per kwh “due to higher average plant capacity on outage in the Luzon grid.”The utility company similarly indicated that its rate adjustment this month ended lower amid the pass-on of its mandated refund; as well as its move to recoup under-recoveries as earlier approved by the Energy Regulatory Commission.“Meralco implemented the ERC-approved adjustments starting January 2021 billing. “Despite the increase, this month’s overall rate is still more than P0.70 per kWh lower than January 2020’s rate of P9.4523 per kWh,” Meralco said. This brings the overall rate to P8.4753 per kWh this month from P8.5105 per kWh in November. The price bid in the gas capacity is cheaper by P1.1097 per kWh if reckoned vis-à-vis the reserve price and as calculated on levelized cost of energy (LCOE) basis; while the winning offer in the coal capacity is lower by P0.9954 per kWh. This means that a typical household consuming 200 kWh will pay P12 less for electricity for September versus that paid last month. 157. Typical households are those that consume less than 200 kWh, according to the distribution utility. That pay-back to Meralco customers fundamentally accounts for the true-up or adjustments in the actual weighted average tariff (AWAT) that it passed on from July 15 to November 2020 – and that’s anchored on its approved performance-based ratesetting (PBR) methodology. This projected decrease in power rates will continue the downward trend in the cost of electricity, with overall rates having decreased by more than 1 peso per kilowatt hour since the start of 2020. © 2021 Manila Bulletin The Nation's Leading Newspaper. In its February billing, Meralco’s overall rate eased to P8.6793 per kWh from P8.7497 in January. He qualified that billings from suppliers have yet to be fully furnished to the utility firm, but their anticipation is a reduction when they will announce rate adjustment in the coming days. HERE’S a piece of good news for consumers ahead of Christmas: The Manila Electric Co. (Meralco) announced on Wednesday a reduction of P0.0352 per kilowatt hour (kWh) in electricity rates for December. 2. Comparative Studies on Rates The International Energy Consultants (IEC) recently released the results of their study entitled Regional/Global Comparison of Electricity Tariffs. This brings the overall rate to P8.6793 per kWh this month from P8.7497 per kWh in January. Meralco said in a statement that the adjustment is due to higher generation charges caused by tighter supply in the Luzon grid amid consumer demand upsurge. BOX769. Intramuros, Manila 1002 Meter reading: 2,383 kWh Pres Rdg: 2,228 kWh. Meralco announced Monday that the overall rate for households will drop by 20.55 centavos per kilowatt hour, or a headline rate of ₱8.4911 per kWh this month. For residential customers in the usage bandwidth of 200-kilowatt hours, the overall cost reduction in their bills will be to the tune of P14, according to the power distribution company. Following the formula, 2,383 kWH - 2,228 kWh = 155 kWH. Metro Manila (CNN Philippines, February 8) — Customers of Meralco may expect lower electricity bills in February with the power distributor announcing lower rates for the month. MANILA, Philippines — Electricity rates are set to increase by P0.12 per kilowatt-hour (kWh) this month, the Manila Electric Company (Meralco) announced Friday. Meralco cut its power rates by 7 percent per kilowatt hour to P8.6793/kWh in February or about P14 for the total bill of residential customers consuming 200 kWh per month. In an advisory, Meralco said it will decrease power rates by 6.23 centavos per kilowatt-hour to P8.4288/kWh in September from P8.4911/kWh in August. Meralco celebrates 118 years of service in 2021. Meralco announced rates inched up to ₱8.9951 per kilowatt hour (kWh) for the month from ₱8.8901 per kWh in March. Zaldarriaga similarly noted that the March bills to be dispatched to customers will include the P0.1528 per kilowatt hour (kWh) rate cute that Meralco will implement based on the interim decision of the Energy Regulatory Commission on its P13.885 billion refund application. Multiply your current kWh to the Meralco rate and this will be your estimated bill for the month. The Manila Electric Company (MERALCO) announced today a downward adjustment of power rates as the overall rate for a typical household decreased by P0.0704 per kWh, from last month’s P8.7497 per kWh to P8.6793 per kWh this February. Meralco said power rates declined to P8.6793 per kWh in February from P8.7497 per kWh in January. For end-users in the 200-kWh consumption bracket, the overall increase in their electric bills will be around P24, according to the power firm. This is also P0.1830 per kWh less than the P8.8623 per kWh rate in February 2020. Find the latest Meralco rates online. The rates of Meralco’s PSAs and independent power producers also increased by P0.2723 and P0.2428 per kWh, respectively as Luzon peak demand in December decreased by 252 MW to 9,634 MW from 9,886 MW amid … “Based on initial projections, there is a strong likelihood that power rates for March 2021 will go down,” he stressed, while emphasizing that this is already the second series this year that its power tariffs will be on decline. The initial impact to residential customers is a net refund of around P0.1150 per kwh,” the distribution company emphasized.The supply portfolio of the utility firm in the last supply month had been predominantly from its PSAs at 53.4-percent; then from its contracted IPPs for 39.5-percent share in the pie; and the balance of 7.1-percent had been from the spot market. On a month-on-month comparison, it was emphasized that this year’s February tariff is lower by P0.1830 per kwh versus last year’s P8.8623 per kwh in the same month. The customers of Manila Electric Company (Meralco) can heave slight relief in their February billing, as the power utility firm’s overall rates will be down by P0.0704 per kilowatt hour (kwh) to P8.6703 from last month’s P8.7497 per kwh. “Based on initial projections, there is […] “Notably, the March power rate will already include the average refund rate of P0.1528 per kWh, as part of Meralco’s distribution rate true-up,” Zaldarriaga said. For residential and General Service A customers, in particular, the pay-back they can expect in their bills will be P0.2761 per kWh. “Despite the increase, this month’s overall rate is still more than P0.70 per kWh lower than January 2020’s rate of P9.4523 per kWh,” Meralco said. Zaldarriaga similarly noted that the March bills to be dispatched to customers will include the P0.1528 per kilowatt hour (kWh) rate cute that Meralco will implement based on the interim decision of the Energy Regulatory Commission on its P13.885 billion refund application.
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