Lower Meralco bills this month

MANILA, Philippines - Customers of Manila Electric Co. (Meralco) can expect a minimal decrease in their electric bills this month, the company announced yesterday.
In a statement, Meralco said the generation charge in the May bills of customers would go down by 3.13 centavos per kilowatt-hour (kWh), from P5.0474 per kWh in April to P5.0161 per kWh in May.
The company attributed the decrease in the generation charge to lower Wholesale Electricity Spot Market (WESM) billings. The WESM rate registered the largest decrease of P1.61 per kWh, while power obtained from the National Power Corp. (Napocor) was lower by 3.43 centavos per kWh.
Meralco also cited the drop in the rates of Napocor and independent power producers (IPP). It said IPP costs dropped by P0.0102 per kWh.  For the supply month of April, Napocor contributed 45.8 percent to Meralco’s total power requirements, while WESM and the IPPs registered shares of 3.8 percent and 50.5 percent, respectively. Meralco said the generation charge is the biggest component of the electricity bill, on the average almost 60 percent of what consumers pay. But it stressed the generation charge does not accrue to distribution companies like Meralco but is paid to power generators such as the Napocor, generators selling through the WESM, and the IPPs with whom it has contracts. Even with the reduced generation cost, Meralco advised the public to continue to practice energy efficiency tips because the high temperatures will continue to put pressure on power consumption.
Meralco, being the biggest power distribution company in the country, has over 4.8 million customers in its franchise area.

SOURCE : http://www.philstar.com/Article.aspx?publicationSubCategoryId=63&articleId=682969

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