By Danessa Rivera (The
Philippine Star) | Updated June 9, 2017 - 12:00am
MANILA, Philippines - Customers of
Manila Electric Co. (Meralco) will see lower electricity bills for the second
straight month, as the power distributor yesterday announced a P1.43 per
kilowatt-hour reduction in overall rate in June.
From P9.60 per kwh, consumers will
be charged P8.17 per kwh, the second lowest since December 2009, as lower
generation charge and the first wave of the P6.9-billion over-recovery refund
from January 2014 to December 2016 are factored in.
This month’s rate decrease amounts
to a P285 decrease in the total bill of a typical household consuming 200 kwh;
P429 for 300 kwh; P572 for 400 kwh; and P715 for 500 kwh.
Last month, the Energy Regulatory Commission
(ERC) cleared the company to give a refund over a three-month period starting
this month. For residential customers, the refund translates to a reduction of
P0.79 per kwh, excluding taxes.
Overall generation charge,
meanwhile, decreased by P1.0253 per kwh, from P4.8839 per kwh to P3.8586 per
kwh, according to Meralco.
The cost of power sourced from
independent power producers (IPPs) went down by P0.59 per kwh and from the
wholesale electricity spot market (WESM) by P1.25 per kwh. Power supply agreement
(PSA) prices slipped P0.04 per kwh.
“There was a reduction in IPP and PSA costs
because of higher plant dispatch, continuous peso appreciation and the
completion of the staggered recovery of liquid fuel cost that was incurred
during the Malampaya maintenance shutdown from Jan. 28 to Feb. 16, 2017,”
Meralco said.
“Additionally, the decrease in cost
of power supplied through the WESM is due to fewer plant outages despite higher
power demand in Luzon.”
The share of IPPs and PSA purchases
to Meralco’s total requirements are 40.7 percent and 45.6 percent,
respectively.
The share of WESM stood at 13.7
percent.
Reductions were also registered in
other bill components: transmission charge decreased by P0.11 per kwh while
taxes and other charges also went down by a combined amount of P0.35 per kwh.
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