MANILA, Philippines – Power rates of the Metro Manila Electric Company (Meralco) will go down by 38 centavos per kilowatt hour this month of December.
Meralco customers consuming 200 kilowatt a month will save P70 in their electricity bills.
Typical household consuming 300 kilowatt a month will see a decrease of P113.
While households with 500 kilowatts a month power consumption will have a reduction of P151 in their electricity bills.
Meralco explained the decrease in generation charge is one of the reasons for the decline in power rates this month.
“When the value of peso is stronger compared to a dollar, expect an impact on the prices of electricity,” Meralco spokesperson Joe Zaldarriaga said.
However, electricity rates might increase in Luzon due to the decision released by the Court of Appeals regarding the petition filed by several power generation companies.
The generation companies asked the appellate court to recover the losses it incurred from the period of November to December of 2013.
The said losses amount to a total of P17-billion.
This stemmed from the long period of maintenance shutdown of the Malampaya Power Plant which left generation companies no other choice but to purchase more expensive electricity from other sources.
However, the Energy Regulatory Commission (ERC) prevented generation companies from imposing higher fees, arguing such a move is unjustifiable.
However, the Court of Appeals reversed the said decision of the ERC.
The agency, on the other hand, is set to file an appeal against the ruling of the CA.
If the CA dismisses the appeal of the ERC, the generation companies will push through with recovering the P17-billion by taking it from power distributors that cater to 12 million customers in the region of Luzon. – Mon Jocson | UNTV News & Rescue