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Oman Power to start electricity spot market trial-run
MUSCAT, 14 hours, 8 minutes ago Oman Power and Water Procurement (OPWP), member of Nama Group, has announced that it received the approval of the Authority for Public Service Regulation (APSR) to start a trial-run of the Electricity Spot Market. The market will enable the company to daily procure needed electricity through the quotations of electricity production companies, reported
Oman News Agency (ONA). Those quotations will determine the price of procuring electricity every half an hour, all day-long, depending on the available electricity for trading. The Electricity Spot Market will also offer long-term contracts to procure electricity and water.
BusinessWorld
May 7, 2021 | 7:29 pm
PHILIPPINE STAR/MICHAEL VARCAS
POWER rates in the Manila Electric Co. (Meralco) service area are expected to rise in May with the typical household expected to pay an additional P37 on its monthly bill, the first to not include the refunds for over-recoveries in transmission and other charges, Meralco said.
Meralco said in a statement Friday that the overall power rate for May is P8.5920 per kilowatt-hour (kWh), against P8.4067 per kWh in April.
The May rate is also lower than the year-earlier level of P8.7468 per kWh.
The typical household is defined as one that consumes 200 kWh.
Published February 17, 2021, 3:59 PM
The Manila Electric Company (MERALCO) announced Feb. 8 a downward adjustment of power rates as the overall rate for a typical household decreased by P0.0704 per kWh, from last month’s P8.7497 per kWh to P8.6793 per kWh this February. This is equivalent to a decrease of around P14 in the total bill of residential customers consuming 200 kWh.
This month’s overall rate is also P0.1830 per kWh lower than February 2020’s rate of P8.8623 per kWh.
This month’s rate still includes the ERC-approved adjustments for MERALCO’s pass-through over/under-recoveries for the period January 2017 to December 2019. In an Order released 29 December 2020, ERC directed MERALCO to refund over-recoveries in transmission and other charges over a period of approximately three (3) months until fully refunded and to collect an under-recovery in the generation rate for approximately twenty-four (24) months until fully collected. MERALCO implemented the ERC-approv
Customers of Meralco may expect lower electricity bills in February as the power distributor announced a downward rate adjustment of ₱0.0704 per kWh for the month. This means a typical household consuming 200 kWh will be charged ₱14 less in its monthly bill.