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(Eagle News) – This July, electricity rates will go down again because of lower charges from independent power producers, according to Manila Electric Co. (Meralco) said Monday, July 8. This will be the third consecutive month of electricity rate cuts. “The downward adjustment of P0.1068 per kWh will mean a decrease of around P21 in the total bill,” Meralco said. “The third straight month of electricity rate decrease represents a total downward adjustment of around […]
(Eagle News)–Senator Sherwin Gatchalian on Sunday, Sept. 2, urged the passage of legislation that would allow the use of the P207-billion Malampaya fund. In making the call, Gatchalian noted that the ₱207-billion fund, initially intended to fund the exploration, development, and exploitation of energy resources, has remained largely unused since 2001. Gatchalian noted that under the Murang Kuryente Act which he is sponsoring he aims to “minimize, if not completely eliminate, the universal charges for […]
(Eagle News) — The Manila Electric Company (Meralco) warned the public that there will be an increase in power rates this summer season due to growing electricity demand amid the heat. Meralco said the tight supply of electricity was due to the outage of several large power plants this dry season. The power distributor said this led to an increase in the price of electricity in the wholesale electricity spot market. Last month, electricity rates […]
(Eagle News) — Expect a price incease in your electricity bill this month. According to the Manila Electric Company (MERALCO), it will increase power rates by 29 centavos per kilowatt hour effective this July. https://www.youtube.com/watch?v=Upd4Uq3UPs8 This price increase is due to the increase in the generation charge by 34 centavos, which is in turn due to the high price of the wholesale electricity spot market (WESM). This is also the result of the high generation capacity […]
MERALCO will reduce its overall power rate by 13 centavos to Php 8.32 per kilowatt-hour this month, driven by the fall in the generation charge. According to a statement from the power firm, the reduction for typical households with a consumption of 200 kwh will amount to Php 25.47, 300 kwh at Php 38.21, 400 kwh at Php 50.95 and 500 kwh at Php 63.69. Meralco cited the generation charge dropped by Php 0.16 per […]
Another oil price hike will be experienced over the next few weeks by major oil companies. Initial reports said that the increase of oil prices will once again hit up to PHP 1.40 and PHP 1.50 per liter of gasoline and diesel due to the price hike demand on every barrel of oil in the global market. The first major increase of the year for gasoline and diesel has only occurred last Monday that jack […]
Power rates will go up by as much as 4 centavos per kilowatthour next year. This was announced by Energy Regulatory Commission (ERC) Executive Director Saturnino Juan after the ERC approved the feed-in-tariff allowance or “fit-all” for renewable energy projects. The so-called fit-all is given to renewable energy players as incentive to invest in more expensive sectors. The renewable energy players are solar, wind, biomass and hydropower companies. Under the “fit-all” system, renewable energy companies […]
