By Jed Macapagal September 08, 2017
Manila Electric Co. (Meralco) said
power rates for September will go up by P0.8642 per kilowatt hour (kWh) to
P9.25 per kWh from P8.38 per kWh.
The third consecutive upward adjustment is mostly attributed to the higher charges of power sourced from the Wholesale Electricity Spot Market (WESM) and the depreciation of the peso. The rate increase this month will be equivalent to a P173 increase in the total bill of a typical residential household consuming 200 kWh monthly.
Meralco said this month’s rates returned to pre-refund levels after the completion of the refund of over-recovery on pass-through charges from January 2014 to December 2016, totalling around P6.9 billion that was offset on a staggered basis in the last three billing periods. A typical residential household consuming 200 kWh enjoyed a total bill reduction of almost P530 over the three-month refund period.
Overall generation charge for Meralco increased this month by P0.5615 per kWh to P4.5378 per kWh as last month’s generation charge incorporated a reduction of P0.5355 per kWh worth of refund.
Purchases from the WESM increased by P1.7263 per kWh as prices in the spot market increased due to higher power demand in the Luzon grid while cost of power from power supply agreements (PSAs) also went up by P0.0263 per kWh which was caused by the peso’s depreciation and lower plant dispatch.
Meanwhile, despite weakening of the peso, the cost of power sourced from independent power producers (IPPs) decreased by P0.1117 per kWh due to improved dispatch of First Gas-Sta. Rita, after undergoing scheduled maintenance in the preceding month.
Transmission charge of residential customers decreased by P0.0510 per kWh but taxes and other charges have gone up by P0.3537 per kWh.
Meralco’s interim distribution rates comprised of distribution, supply and metering charges, the only bill component paid to the company remained at P1.381 per kWh the past 26 months.
Meralco said the total power requirements for last month were accounted to 12 percent from WESM, 46 percent from IPPs and 42 percent from power plants under PSAs.
The third consecutive upward adjustment is mostly attributed to the higher charges of power sourced from the Wholesale Electricity Spot Market (WESM) and the depreciation of the peso. The rate increase this month will be equivalent to a P173 increase in the total bill of a typical residential household consuming 200 kWh monthly.
Meralco said this month’s rates returned to pre-refund levels after the completion of the refund of over-recovery on pass-through charges from January 2014 to December 2016, totalling around P6.9 billion that was offset on a staggered basis in the last three billing periods. A typical residential household consuming 200 kWh enjoyed a total bill reduction of almost P530 over the three-month refund period.
Overall generation charge for Meralco increased this month by P0.5615 per kWh to P4.5378 per kWh as last month’s generation charge incorporated a reduction of P0.5355 per kWh worth of refund.
Purchases from the WESM increased by P1.7263 per kWh as prices in the spot market increased due to higher power demand in the Luzon grid while cost of power from power supply agreements (PSAs) also went up by P0.0263 per kWh which was caused by the peso’s depreciation and lower plant dispatch.
Meanwhile, despite weakening of the peso, the cost of power sourced from independent power producers (IPPs) decreased by P0.1117 per kWh due to improved dispatch of First Gas-Sta. Rita, after undergoing scheduled maintenance in the preceding month.
Transmission charge of residential customers decreased by P0.0510 per kWh but taxes and other charges have gone up by P0.3537 per kWh.
Meralco’s interim distribution rates comprised of distribution, supply and metering charges, the only bill component paid to the company remained at P1.381 per kWh the past 26 months.
Meralco said the total power requirements for last month were accounted to 12 percent from WESM, 46 percent from IPPs and 42 percent from power plants under PSAs.
No comments:
Post a Comment