ERC enlightens public on new Meralco rate
The Energy Regulatory Commission (ERC) seeks to clarify that the P1.075/kWh increase in generation rate for Meralco effective November 2004 billing is based on average generation mix for the months September and October 2004, contrary to reports made by an interest group of Meralco’s wrongdoing. This clarification is issued in order to “assure all electricity consumers that this Commission maintains its commitment in safeguarding their interests by ensuring the efficient and reliable delivery of electric service at reasonable costs,” ERC Chairman Rodolfo B. Albano, Jr. reassures the public.
For the month of October 2004, Meralco sourced 61% of its power from the National Power Corporation (NPC) and 39% from the Independent Power Producers (IPPs). This supply mix resulted to an average generation rate of P4.5700/kWh, a P1.075/kWh increase from September’s generation rate of P3.4950/kWh.
Meanwhile, the total NPC increases incorporated in Meralco’s generation charge for November 2004 include provisional increase of P1.2318/kWh, Deferred Accounting Adjustments (DAA) for GRAM in the amount of P0.1085/kWh effective June 2004, and DAA on ICERA of P0.0278/kWh which NPC started collecting last May 2004 bill.
November 26, 2004