meralco rates dip
| |

Meralco rates dip slightly in September despite higher generation costs

ByJustpaste.in

MANILA, Philippines – Meralco customers will see another slight reduction in electricity rates in September, although an increase in generation costs limits the savings for households.

The Manila Electric Company (Meralco) said on Friday, September 11, that its overall rate for a typical residential customer will decline by P0.0409 per kilowatt-hour (kWh), to P14.7424 per kWh from P14.7833 in August.

For a household consuming 200 kWh, that translates to savings of about P8 on the monthly electricity bill.

The decrease came despite the generation charge rising by P0.4232 per kWh, which Meralco attributed mainly to the weaker peso and higher fuel costs amid renewed conflict in the Middle East. (READ: Cheaper PH electricity? Go beyond system loss; fix costly power contracts)

Those increases were more than offset by cheaper ancillary services and lower taxes. Ancillary service charges collected by the National Grid Corporation of the Philippines fell by P0.3344 per kWh as Reserve Market charges declined, while taxes and other charges dropped by a net P0.1657 per kWh.

Meralco said lower taxes were partly due to the completion of the Malampaya gas facility’s maintenance shutdown, allowing First Gas and Prime CoreGen plants to again use more indigenous natural gas, which is exempt from value-added tax. (READ: VAT on system loss may be removed by November – ERC)

The utility is also continuing two previously approved refunds equivalent to a combined P1.0139 per kWh for residential customers. These refunds were already reflected in August bills.

September marks the second consecutive monthly rate reduction after Meralco cut its rate by P0.0428 per kWh in August. – Rappler.com

Must Read

[READOUT] The race to deliver cheaper power


[READOUT] The race to deliver cheaper power

Similar Posts

  • | | |

    Pakistan approves 1m tonnes wheat imports

    ByJustpaste.in

    Pakistan’s strategic wheat reserves have fallen to critically low levels, with the stocks held by the Pakistan Agricultural Storage and Services Corporation (PASSCO) reportedly almost exhausted. The shortage has emerged despite the International Monetary Fund (IMF) allowing the government to procure wheat. Federal and provincial authorities, however, were unable to secure sufficient quantities, resulting in a sharp decline in PASSCO’s strategic reserves. The situation has raised concerns about maintaining adequate wheat supplies and meeting future requirements. PASSCO plays an important role in maintaining strategic stocks that can be used to support food security during periods of shortage. In response to the declining reserves, the Economic Coordination Committee (ECC) has approved the import of one million tonnes of wheat. The government has also formed a steering committee to oversee the process and ensure that all necessary requirements are completed before the imported wheat is brought into the country. Officials said the import process will be subject to several conditions. These include pre-shipment inspection to verify the quality and quantity of wheat before it leaves the exporting country. Another major condition requires provincial governments to arrange and provide the funds needed to meet their respective wheat requirements. The latest decision comes as authorities seek to strengthen wheat availability and prevent a potential supply gap. The import plan is expected to help rebuild stocks after the depletion of PASSCO’s strategic reserves. The steering committee will monitor the required procedures and coordinate with the relevant federal and provincial authorities. Its role will include ensuring that the conditions attached to the wheat import decision are fulfilled. The development highlights the importance of timely wheat procurement and strategic stock management. Any delay in rebuilding reserves could create additional pressure on the country’s food supply system, particularly if domestic availability remains insufficient.

  • |

    Global oil prices edge higher amid incertainty over Strait of Hormuz

    ByJustpaste.in

    Global crude oil prices moved higher on Monday as uncertainty surrounding the reopening of the Strait of Hormuz continued to influence market sentiment and raise concerns about potential disruptions to international energy supplies. According to media reports, oil prices gained during Asian trading, with investors closely monitoring developments related to the strategic waterway and the ongoing discussions over shipping arrangements. Brent crude futures climbed by more than 1%, moving above the $84-per-barrel mark. US crude oil also recorded a gain of more than 1% during the session, reflecting renewed concerns over the stability of oil shipments through the region. The Strait of Hormuz remains a major focus for global energy markets because of its importance to international oil transportation. Any prolonged disruption to shipping through the waterway could put upward pressure on crude prices and raise concerns about supplies to major importing countries. Market participants are therefore keeping a close watch on diplomatic efforts aimed at restoring normal maritime traffic. Uncertainty over when and under what conditions the waterway will fully reopen has added to volatility in crude oil markets. Iran has said that an understanding with Oman regarding the establishment of new shipping routes is nearing completion. However, Tehran has also maintained that the Strait of Hormuz will not fully reopen until additional conditions involving the United States are addressed. The conflicting positions have left traders uncertain about the timing of a broader resolution. As a result, oil markets remain sensitive to any fresh developments involving Iran, Oman, the United States and maritime traffic through the strait. A sustained increase in crude prices could have wider economic implications, particularly for countries that rely heavily on imported petroleum. Higher international oil prices can increase import bills, put pressure on foreign exchange reserves and contribute to higher domestic fuel costs.

  • | |

    NESPAK sets record with 180 new engineering projec…

    ByJustpaste.in

    LAHORE: NESPAK, a premier organization of consulting engineers, has set an all-time record in business acquisition by securing 180 new engineering projects, both domestically and internationally, during the fiscal year 2025-26. Mr. Ahsan Anwar, Acting Managing Director of NESPAK, made this revelation here on Tuesday. NESPAK has achieved unprecedented business by acquiring 172 national projects and 8 international projects securing substantial financial value at both levels. As a result, NESPAK has once again strengthened its presence felt in domestic and international markets securing diversified and high value projects in fields of transportation, energy, water resources, urban development and public infrastructure. Among the landmark projects currently being executed during 2025-26 are consultancy services for the Battery Energy Storage System (BESS,2.5GWh) for the Saudi Electricity Company (SEC), Mass Transit System in Faisalabad & Gujranwala, Punjab Development Programme City Improvement Project (North and South Packages), K-IV Augmentation Works in Karachi, High-tension Transmission Line Project in Makkah, Saudi Arabia, Sultan Said Bin Taimur Road Project in Oman and the 30 MW Asifrah Diesel Fired Power Plant in Yemen. These projects demonstrate NESPAK’s growing footprint across the Middle East and South Asia while contributing significantly to sustainable infrastructure development. The organization remains actively engaged on hundreds of projects covering highways, motorways, dams, hydropower, irrigation & drainage systems, flood protection & river training, buildings, airports, urban development, public health engineering, power transmission and digital infrastructure. With decades of experience and a highly qualified workforce, NESPAK continues to play a pivotal role in supporting Pakistan’s socio-economic development through innovative, sustainable and world-class engineering solutions. NESPAK stands out as one of the most successful and profitable organizations among the State-Owned Enterprises (SOEs). Its reputation, integrity, and track record speak volumes about its credibility and standing, both nationally and internationally. NESPAK was conceived by its founders as an essential services entity, free from foreign dependence and capable of delivering the highest quality in engineering consultancy. It was envisioned to lead the consultancy market in Pakistan and compete abroad with excellence. Time has proven that NESPAK has succeeded in fulfilling its objectives to a large extent, thanks to the unparalleled dedication of its professional staff, who spared no effort in achieving their goals.

  • Major Fuel Smuggling Ring Exposed at Chiang Rai-Myanmar Border

    ByJustpaste.in

    CHIANG RAI – Thai law enforcement officials have exposed a massive fuel smuggling operation operating along the Mekong River. Smugglers have successfully bypassed a national export ban by using falsified shipping documents. The illegal operation has rerouted tens of millions of liters of fuel directly into Myanmar. National Police Deputy Chief General Thatchai Pitaneelaboot led […]

Leave a Reply

Your email address will not be published. Required fields are marked *