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Hike in net metering rates to raise power cost – Meralco

Hike in net metering rates to raise power cost – Meralco
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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Yellow alerts declared twice on Luzon grid at midday Tuesday

Yellow alerts declared twice on Luzon grid at midday Tuesday
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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Meralco power rates to increase in May

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. ....

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Meralco ordered to refund nearly P14-billion to consumers

Meralco ordered to refund nearly P14-billion to consumers
February 19, 2021 | 7:40 pm
Angelica Y. Yang
The Energy Regulatory Commission directed Manila Electric Co. (Meralco) on Friday to refund P13.89 billion in over-recoveries based on its actual weighted average tariff charges (AWAT) from July 2015 to November 2020.
This comes around two months after Meralco applied for the approval of its final refund scheme based on the calculation of its AWAT compared to the ERC’s approved interim average rate (IAR).
In a statement on Friday, the ERC said it had released the order for Meralco to refund P13.89 billion worth of its over-recoveries, which was equivalent to an average of PhP0.1528 per kilowatt-hour (kWh), in 24 months or until the amount has been fully returned to customers. ....

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Meralco sees no impact from lifeline rate extension

MANILA ELECTRIC CO. (Meralco) said Tuesday that the pending extension of the lifeline power rate subsidy will have no effect on the distribution utility, as the subsidy is paid for by all consumers.
On Monday, the Senate approved on third and final reading the bill that extended the lifeline subsidy rate for households consuming less than 100 kilowatt-hour (kWh) per month. If passed into law, the extension will run until 2031.
“Regarding the lifeline rate subsidy extension, Meralco will defer to the wisdom of the legislators. While the scheme benefits households who cannot afford to pay the full cost of electric service, their discounts are funded by other customers who have to shoulder the rate add-ons,” according to a quote provided by Meralco’s media relations office via Viber Tuesday, attributed to both the company’s Head of Corporate Communications Joe R. Zaldarriaga and Meralco Head of Utility Economics Lawrence S. Fernandez. ....

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