Friday, December 8 2023 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Dec 04
Week of Nov 27
Week of Nov 20
Week of Nov 13
Week of Nov 06
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Feature: Filipinos burdened with power rate hike amid livelihood inflation


    September 13, 2023 - Xinhua News Agency

     

      MANILA, Sept. 13 (Xinhua) -- The power bill will be an additional burden for Filipinos who are suffering from rising rice, vegetables, and other food prices.

      The Manila Electric Company (Meralco), the largest private-sector electric distribution utility in the Philippines serving 7.7 million customers, announced last week an increase of around 0.5 pesos (0.008 U.S. dollars) per kWh in electricity rates since September.

      The abrupt surge, catching many consumers off guard, can translate to an additional 100 pesos (1.76 dollars) expense to a household consuming 200 kWh of electricity per month.

      Mariah Companero, 22, a breadwinner in a household of seven from Laguna province, south of Manila, said the rate hike "may sound small but on a larger scale, especially for high bills, it constitutes a significant addition to expenses."

      The power rate hike could further contribute to the rising inflation that rose to 5.3 percent year-on-year in August from 4.7 percent in July.

      Indeed, electricity price in the Philippines remains among the highest in Southeast Asia. In Metro Manila, the average rate is about 12 pesos (0.21 dollars) per kWh, leaving other capitals in the region far behind. The people in rural areas have to pay even higher rates though their incomes are lower.

      David Dumanaiz, 61, a tricycle driver in San Pedro town in Laguna province, is worried about the impact of the impending electricity rate on his family's monthly budget.

      "Our last month's electricity bill amounted to 5,700 pesos (roughly 100 dollars). If electricity rates continue to rise, it will disrupt our monthly budget flow," he told Xinhua.

      Meralco blamed the hike on the increasing generation cost which went up by 0.43 peso per kWh. "The weakening of the Philippine peso against the U.S. dollar is also a contributory factor because a big portion of the power producers is dollar-denominated," Meralco vice president Joe Zaldarriaga added.

      The Philippines is highly dependent on traditional coal power and large-scale transmission lines to meet its growing electricity demand. The priority on electricity supply to the cities resulted in higher electricity rates, and urban and rural inequality in electricity distribution.

      The power rate hike has prompted widespread concern among Filipino consumers, highlighting the need for prudent energy usage and sustainable solutions.

      Saving electricity is not merely an eco-friendly choice, but also helping reduce monthly bills, offering a pragmatic solution for Filipino households and businesses.

      Bryan Romero, a 24-year-old marketing specialist, told Xinhua that his family of five has adopted measures to reduce electricity use at home to save money.

      "We use the television sparingly and maximize natural light during the day instead of relying on light bulbs," Romero said. Enditem

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.