Utilities: MER petitions payment of excess January charges over six months. As reported by various news agencies, Manila Electric Co (MER – HOLD) petitioned the Energy Regulatory Commission (ERC) for the recovery of its deferred generation costs for the billing month of January amounting to PHP0.45/kWh. The petition further asks the payment to be made in PHP0.0751/kWh installments over six months. However, MER also said that “all-in” costs can reach PHP0.11/kWh per month when other deferred bill component charges are considered. The revised January rates reflect the adjustments in generation charges to PHP6.12/kWh following an ERC order to recalculate the Wholesale Electricity Spot Market (WESM) rates for November and December after finding these to be unreasonable, irrational and competitive. MER did not use the original generation charge of PHP10.23/kWh for its January billing, but instead maintained the November rate of PHP5.67/kWh rate, which is PHP0.45/kWh lower than revised rate of PHP6.12/kWh.
-Maybank ATR
No comments:
Post a Comment