Clark electric Distribution Corporation MERALCO PowerGen Corporation and eSakay, Inc. Iselco 2 OIC-General Manager Charles Roy Olinares said the implementation of the competitive selection process has been mandated. View advanced insights on financial statements, including growth rates and metrics that provide an in-depth view of the companys historical and forecasted financial performance. MER's subsidiaries include Meralco Industrial Engineering Services Corporation Meralco Energy, Inc. Silagan, Isabela: The Isabela Electric Cooperative 2 (Iselco 2) has been eyeing a possible lower power rate through a competitive selection process in its renewable energy project in northern Isabela. MER sources the electricity it distributes from at least 11 different power suppliers including the Independent Electricity Market Operator of the Philippines. The Company's market is categorized into four classes namely, residential, commercial, industrial, and streetlights. The principal business of MER is the distribution and sale of electric energy through its distribution network facilities in its franchise area. RA 9209 granted MER a 25-year franchise valid through Jto construct, operate, and maintain the electric distribution system in the cities and municipalities of Bulacan, Cavite, Metro Manila, and Rizal and certain cities, municipalities, and barangays in the provinces of Batangas, Laguna, Pampanga, and Quezon. – Rappler.Company Description Manila Electric Company (MER) is a private distribution utility organized on which holds a congressional franchise under Republic Act (RA) No. The company holds the power distribution franchise for. The utility company reiterates it only earns from distribution, supply, and metering charges. Industry Section D includes two industry sub-classes covering the operation of electric and gas utilities, which generate, control, and distribute electric. The Manila Electric Company, or Meralco, is the Philippines largest distributor of electrical power. Meralco said that the implementation of distribution-related refunds continued to temper the overall power rate by P0.9353 per kWh. Power is purchased from WAPA (Western Area Power Association) and Missouri River Energy Services. The Wholesale Electricity Spot Market accounted for the remaining 12%.Īside from the generation charge, the transmission charge for residential customers was also slightly hiked by P0.0083 per kWh while taxes and other charges had a slight net increase of P0.0586 per kWh. Meralco generates, transmits, and distributes electricity through. The key risk factors for Manila Electric are an extension of lock-down measures in Manila and other parts of the Philippines, a larger-than-expected reduction in tariffs for the company's power. In total, this amounted to P0.20 per kWh of the generation charge.įor the June bill, PSAs and IPPs contributed 48% and 40%, respectively, to Meralco’s energy requirement. Manila Electric Co, or Meralco, is an electric utility company serving the Philippines. It also includes the second of three installments for the April bill. The utility company said that the generation charge for the June bill included the last of three installments of the deferred generation costs in the March bill. Peak demand in the Luzon grid reached 12,113 megawatts given the easing of pandemic restrictions. Meralco added that spot market prices remained elevated, with the secondary price cap implemented twice in April. Meralco explained that fuel charges from First Gas plants went up by 8%, with the increased usage of more expensive liquid fuel as Malampaya gas supply remained restricted.Ĭoal prices also went up by an average of 23%, which contributed to higher IPP and PSA charges. In a media release, the power distributor said that higher fuel costs drove up the generation charge by P0.3313 per kWh to P6.5590 per kWh this month from P6.2277 per kWh in May.Ĭharges from Independent Power Producers (IPPs) and Power Supply Agreements (PSAs) were hiked by P0.6083 and P0.0859 per kWh due to higher fuel costs. The adjustment is equivalent to increases for households consuming the following: This is the third straight month that rates breached P10 per kWh. The overall rate will go up by P0.3982 per kilowatt-hour (kWh) to P10.4612 per kWh. MANILA, Philippines – The Manila Electric Company (Meralco) is hiking rates for the June billing, it announced on Friday, June 10.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |