Meralco rates down, water rates up in January

Alvin Elchico

ABS-CBN News

<p>MANILA - Meralco consumers can expect reduced electricity rates due to lower power prices at the wholesale electricity spot market. Water rates meanwhile will go up this month.</p><p>Distribution utilities and electric cooperatives get a portion of their electricity supply from the spot market aside from supply contracts with power generators.</p><p>Meralco Spokesman Joe Zaldarriaga said he could not yet divulge the actual figure since not all cost components have been computed though preliminary figures point to a downward direction for the overall January 2025 rate.</p><div><strong>REFUND AND ADDITIONAL CHARGE SOON<br/></strong></div><p>Meanwhile, Zaldarriaga said the imposition of the remaining 70% of ancillary services incurred by the National Grid Corp of the Philippines will fall in the February billing.</p><p>That translates to an increase of P0.12/Kwh for Luzon consumers for 3 months beginning January, P0.12/kWh for Visayas consumers for 6 months starting January and P0.03/kWh for Mindanao consumers for 3 months.</p><p>But also in February, the Energy Regulator Commission ordered private utilities like Meralco to refund the regulatory rate reset fees charged to consumers over the years.</p><p>That results in a refund of P0.23/kWh for Meralco customers.</p><div><strong>WATER RATES UP</strong></div><p>Maynilad and Manila Water are implementing the 3rd tranche of the rate increase approved by the MWSS regulatory office.</p><p>For Manila Water, the actual average increase is P7.58/cubic meter for sewered lines and P5.95/cubic meter for unsewered lines like residential customers.</p><p>From an average tariff of P55.08/cu meter, it will increase to P61.04/cu meter for manila water.</p><p>For Maynilad, the actual average increase is P8.11/cubic meter for sewered lines and P7.32/cu meter for unsewered lines.</p><p>From an average tariff of P58.30 cu meter, Maynilad&#x27;s average tariff is now P65.62/ cubic meter starting January 2025.</p><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/yeyinGz9xO8?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span></div><div><strong>MWSS ASKED TO COLLECT P5 BILLION</strong></div><p>The Commission on Audit has asked MWSS corporate office to collect from Maynilad P5.1 billion in government claim.</p><p>In its annual audit report for 2023, state auditors said the amount includes borrowing costs and penalties due to delayed remittance of concession fees.</p><p>MWSS Division Manager Patrick Dizon says they are coordinating with the Office of the Government Corporate Counsel on how to proceed with the collection.</p><p>Dizon says the collectible will not be written off as MWSS hopes to come up with a legal solution on how to settle the P5.1 billion debt.</p><p>For its part, Maynilad says it has not received any new communication from the MWSS-CO.</p><p>&quot;Maynilad has not received any new communication from the Metropolitan Waterworks and Sewerage System (MWSS) regarding the recent Commission on Audit (COA) report recommending the collection of a Php5 billion government claim from Maynilad. We will await official communication from MWSS on this matter and will provide our comments at the appropriate time,&quot; it said.</p>

<p>Meralco consumers can expect reduced electricity rates due to lower power prices at the wholesale electricity spot market. Water rates meanwhile will go up this month.</p>

Meralco consumers can expect reduced electricity rates due to lower power prices at the wholesale electricity spot market. Water rates meanwhile will go up this month.

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Meralco rates down, water rates up in January

Meralco rates down, water rates up in January

Alvin Elchico,

ABS-CBN News

Published Jan 09, 2025 02:50 PM PHT

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