By Myrna M. Velasco
Published: July 5, 2013
The distribution charges of Manila Electric Company (Meralco) will go up slightly by P0.0171 per kilowatt hour (kWh) to P1.6474 per kWh starting this July billing.
It climbed from the re-adjusted P1.6303 per kWh. It is worth noting though that the provisionally approved maximum average price (MAP) of the power utility was still lower than its P1.6510 per kWh application with the Energy Regulatory Commission.
But if the sales mix change cost impact of P0.0083 per kWh will be lumped in, the total increase for Meralco customers will be P0.0254 per kWh. But that will be coming from a lower MAP base of P1.6220 per kWh.
The adjusted charges to be billed by Meralco this month will be differentiated according to customer classes and anchored on the approved distribution, supply and metering charges.
For residential customers with up to 200 kilowatt-hours (kWh) of consumption, the distribution charge will be P1.2225 per kWh: and a higher P1.5798 per kWh for those in the 201-300kWh bracket.
Higher scale end-users at 301-400kWh usage level will have distribution charge of P1.9170 per kWh and P2.5043 per kWh for those with 401 kWh of consumption and up.
The supply charge for residential end-users will be P19.88 per customer/month or P0.6043 per kWh; and the metering charge will be P5.00 per customer/month or P0.4066 per kWh.
The ERC has emphasized in its ruling that “the average impact to the customers of Meralco if the sales mix is not considered would be an increase of P0.0171 per kWh.”
The regulatory body has qualified further that there had been an updating of Meralco’s sales mix using September 2012 as reference “to mitigate the resulting under-recovery in its next rate application by setting its rates which will result in achieving a MAP closer to what is allowed.”
It added that “the provisionally approved MAP was based on the forecasted sales mix”; factoring in “the robust growth in (Meralco’s) large industrial sector relative to the rest of (its) customers.”
In the ruling, the ERC also directed Meralco to “plow back 50 percent of the related business revenue amounting to P78.110 million” which shall then result in rate reduction for the utility firm’s customers.
The utility firm, on the other hand, cornered P0.0387 per kWh incentive for surpassing performance according to guaranteed service levels (GSL) as prescribed under the performance-based rate setting (PBR) methodology.
In its application, Meralco employed different values of economic indices as compared to the ones published by the Bangko Sentral ng Pilipinas, the United States Bureau of Labor Statistics (US-BLS) and the Philippine National Statistics Office. source
It climbed from the re-adjusted P1.6303 per kWh. It is worth noting though that the provisionally approved maximum average price (MAP) of the power utility was still lower than its P1.6510 per kWh application with the Energy Regulatory Commission.
But if the sales mix change cost impact of P0.0083 per kWh will be lumped in, the total increase for Meralco customers will be P0.0254 per kWh. But that will be coming from a lower MAP base of P1.6220 per kWh.
The adjusted charges to be billed by Meralco this month will be differentiated according to customer classes and anchored on the approved distribution, supply and metering charges.
For residential customers with up to 200 kilowatt-hours (kWh) of consumption, the distribution charge will be P1.2225 per kWh: and a higher P1.5798 per kWh for those in the 201-300kWh bracket.
Higher scale end-users at 301-400kWh usage level will have distribution charge of P1.9170 per kWh and P2.5043 per kWh for those with 401 kWh of consumption and up.
The supply charge for residential end-users will be P19.88 per customer/month or P0.6043 per kWh; and the metering charge will be P5.00 per customer/month or P0.4066 per kWh.
The ERC has emphasized in its ruling that “the average impact to the customers of Meralco if the sales mix is not considered would be an increase of P0.0171 per kWh.”
The regulatory body has qualified further that there had been an updating of Meralco’s sales mix using September 2012 as reference “to mitigate the resulting under-recovery in its next rate application by setting its rates which will result in achieving a MAP closer to what is allowed.”
It added that “the provisionally approved MAP was based on the forecasted sales mix”; factoring in “the robust growth in (Meralco’s) large industrial sector relative to the rest of (its) customers.”
In the ruling, the ERC also directed Meralco to “plow back 50 percent of the related business revenue amounting to P78.110 million” which shall then result in rate reduction for the utility firm’s customers.
The utility firm, on the other hand, cornered P0.0387 per kWh incentive for surpassing performance according to guaranteed service levels (GSL) as prescribed under the performance-based rate setting (PBR) methodology.
In its application, Meralco employed different values of economic indices as compared to the ones published by the Bangko Sentral ng Pilipinas, the United States Bureau of Labor Statistics (US-BLS) and the Philippine National Statistics Office. source
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