(The Philippine Star) | Updated May 10, 2013 - 12:00am
MANILA, Philippines - After the Luzon-wide power outage last Wednesday, the Manila Electric Co. (Meralco) has announced a rate reduction.
A cut of 12 centavos per kilowatt-hour (kwh) in electricity bills is expected for this month due to reductions in transmission and other charges, according to Meralco.
The company said a typical household consuming 200 kwh or lower will pay P24 less in its May electricity bill.
Among the different components in electricity cost, the transmission charge registered the biggest decrease at around 12 centavos per kwh.
This was mainly due to lower ancillary service charges from the National Grid Corp. of the Philippines (NGCP), operator of the country’s transmission highway.
Other bill components that registered reductions were system loss charge, lifeline rate subsidy, value added tax (VAT) and local franchise tax, which had a cumulative reduction of eight centavos per kwh.
Generation charge, on the other hand, increased by eight centavos per kwh to P5.47 per kwh. However, Meralco said this was 13 centavos lower than the generation charge in May 2012.
Demand for power climbed to record levels in the April supply month as consumers used more electricity to beat the summer heat.
“Peak demand in Luzon hit 8,221 megawatts (MW), overtaking the 7,898 MW recorded in 2012. Similarly, peak demand in the Meralco service area set a new record of 5,829 MW in April, versus 2012’s 5,633 MW,” Meralco said.
As a result of higher demand, Meralco sourced more supply from the Wholesale Electricity Spot Market (WESM), the country’s trading floor for electricity.
This supported supply sourced from Power Supply Agreements (PSA), Independent Power Producers (IPP), and state-owned National Power Corp. source
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