2012/12/07
Lower MERALCO Bill in Dec 2012 billing
Meralco generation charge lower by 0.15 centavos per kWh in Dec.
Business Mirror
Published on Thursday,
06 December 2012 20:23
Written by Paul Anthony A. Isla
CUSTOMERS of the Manila Electric Co. (Meralco), the country’s largest power retailer, can expect lower power bills this month.
Meralco said on Thursday that its generation charge dropped by 0.15 centavos per kilowatt-hour (kWh) to P5.47 per kWh this month.
Meralco added that the lower cost of power supplied by the National Power Corp. (Napocor), which saw a reduction of 0.31 centavos per kWh, and caused mainly by lower purchases during peak periods in the November supply compared to the previous month.
The lower Napocor charges, Meralco added also offset a 0.04-centavos-per kWh increase in overall costs from independent power producers (IPPs), because of the reduced dispatch of First Gas and Quezon Power.
Meralco said IPP costs would have been higher without the improved dispatch and lower fuel costs of SEM-Calaca. Meralco also noted that charges from the Wholesale Electricity Spot Market (WESM) also increased by 0.52 centavos per kWh.
Meralco added that the impact of the increase in WESM prices was mitigated by a reduction in the company’s exposure to the spot market to 6 percent from 7 percent of its total supply requirements.
Meralco added that Napocor and IPPs accounted for 51 percent and 43 percent, respectively, of its total power requirements.
2012/12/04
Happy New Rate 2013
As if adding insalt (misspelling deliberately mine, correct one is insult of course) to injury power rate hike will be the new year's gift for Filipino electric consumers come 2013.
EastGreenfields can help you mitigate the cost of your electricity bill by installing Solar Power Generation units tie to the grid. We offer plug-and-play units that can be directly plug-in to your AC outlets click here to learn about it.
Read the news...
Higher power rates loom in early ’13
PSALM may start collecting P140B in stranded debts
By Amy R. Remo
Philippine Daily Inquirer
The state-run Power Sector Assets and Liabilities Management Corp. expects to start collecting the P140 billion worth of universal charges for stranded debts and contract costs from all grid-connected power consumers early next year.
This followed reports that the Energy Regulatory Commission might release by January 2013 the much-awaited decision regarding PSALM’s application to collect the universal charge (UC), according to PSALM president Emmanuel Ledesma Jr.
Should PSALM’s application be approved, consumers can expect to pay another 36 centavos a kilowatt-hour over the next four years and a separate 3 centavos a kWh over a 15-year period to help pay the debt of another cash-strapped government firm, National Power Corp. (Napocor).
The 36 centavos a kWh that PSALM wanted to pass on to consumers would cover the payment of “stranded contract costs,” while the 3 centavos a kWh would be used to settle “stranded debts.” With the 39 centavos a kWh from the universal charge, PSALM will be able to collect about 25 billion a year to help settle its outstanding obligations.
PSALM, however, is hoping to collect the universal charge for stranded contract costs (UC-SCC) for a longer period of 15 years, instead of the current four years set by the ERC, to ease the burden on consumers.
Should the ERC allow PSALM to recover the universal charge for 15 years, the additional increase would be equivalent to 6 centavos a kWh. This means that the total universal charges for both stranded contract costs and stranded debts will amount to 9 centavos a kWh over the next 15 years. At 9 centavos a kWh, PSALM will be able to collect an additional P5 billion from consumers annually.
According to Ledesma, PSALM also wanted to extend its corporate life by another 10 years as this would further reduce the universal charge burden to about 6.5 centavos to 7 centavos a kWh over a longer period.
“Extending the corporate life of PSALM is not necessary but it would be nice because we’re trying to mitigate the impact to the consumers—it will be for the benefit of the consumer,” Ledesma stressed.
PSALM has been seeking to extend its corporate life to 2036, intended only to mitigate the impact of the collection of the P140 billion in universal charges on all power consumers.
EastGreenfields can help you mitigate the cost of your electricity bill by installing Solar Power Generation units tie to the grid. We offer plug-and-play units that can be directly plug-in to your AC outlets click here to learn about it.
Read the news...
Higher power rates loom in early ’13
PSALM may start collecting P140B in stranded debts
By Amy R. Remo
Philippine Daily Inquirer
The state-run Power Sector Assets and Liabilities Management Corp. expects to start collecting the P140 billion worth of universal charges for stranded debts and contract costs from all grid-connected power consumers early next year.
This followed reports that the Energy Regulatory Commission might release by January 2013 the much-awaited decision regarding PSALM’s application to collect the universal charge (UC), according to PSALM president Emmanuel Ledesma Jr.
Should PSALM’s application be approved, consumers can expect to pay another 36 centavos a kilowatt-hour over the next four years and a separate 3 centavos a kWh over a 15-year period to help pay the debt of another cash-strapped government firm, National Power Corp. (Napocor).
The 36 centavos a kWh that PSALM wanted to pass on to consumers would cover the payment of “stranded contract costs,” while the 3 centavos a kWh would be used to settle “stranded debts.” With the 39 centavos a kWh from the universal charge, PSALM will be able to collect about 25 billion a year to help settle its outstanding obligations.
PSALM, however, is hoping to collect the universal charge for stranded contract costs (UC-SCC) for a longer period of 15 years, instead of the current four years set by the ERC, to ease the burden on consumers.
Should the ERC allow PSALM to recover the universal charge for 15 years, the additional increase would be equivalent to 6 centavos a kWh. This means that the total universal charges for both stranded contract costs and stranded debts will amount to 9 centavos a kWh over the next 15 years. At 9 centavos a kWh, PSALM will be able to collect an additional P5 billion from consumers annually.
According to Ledesma, PSALM also wanted to extend its corporate life by another 10 years as this would further reduce the universal charge burden to about 6.5 centavos to 7 centavos a kWh over a longer period.
“Extending the corporate life of PSALM is not necessary but it would be nice because we’re trying to mitigate the impact to the consumers—it will be for the benefit of the consumer,” Ledesma stressed.
PSALM has been seeking to extend its corporate life to 2036, intended only to mitigate the impact of the collection of the P140 billion in universal charges on all power consumers.
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