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Understanding The Bill As of 2014 q1
Understanding The Bill As of 2014 q1
OUTLINE
I.
NATIONAL POWER
CORPORATION
WHOLESALE ELECTRICITY
SPOT MARKET (WESM)
Transmission
Distribution
MANILA ELECTRIC
CCOMPANY
Generation
The distribution wheeling charge shall be unbundled from the retail rate
Transmission
Distribution
End-users
Sample bill from a large industrial customer
P 1.63/kWh
17.1%
Transmission Charge
P 1.08/kWh
11.3%
56.8%
P 0.46/kWh
4.8%
P 0.96/kWh
10.0%
MERALCO CHARGE
P 5.43/kWh
56.8%
March 10
January 10
c
September 10
July 10
May 10
March 11
January 11
November 10
c
September 11
July 11
May 11
c
March 12
January 12
November 11
c
September 12
July 12
May 12
c
March 13
January 13
November 12
c
September 13
July 13
May 13
March 14
January 14
November 13
II. A. GENERATION
Generation Charge is the primary source of monthly electricity rate movement
Average monthly increase from Jan 10-Mar 14 is Php 0.03/kWh
Php / kWh
10.00
8.00
6.00
4.00
2.00
0.00
II. A. GENERATION
Generation Charge is the primary source of monthly electricity rate movement
Average monthly increase from Jan 10-Mar 14 is Php 0.03/kWh
Average monthly increase from Jan 10-Mar 14 is Php 0.01/kWh
Php / kWh
Generation Charge
Distribution Charge
10.00
8.00
6.00
4.00
2.00
March 14
January 14
November 13
September 13
July 13
May 13
March 13
January 13
November 12
September 12
July 12
May 12
March 12
January 12
November 11
September 11
July 11
May 11
March 11
January 11
November 10
September 10
July 10
May 10
March 10
January 10
0.00
II. A. GENERATION
Factors affecting Generation Charge
WESM Prices
Forex Rate
Season
Fuel Prices
II. B. TRANSMISSION
This is the cost of delivering electricity from generators (typically located in the
provinces) to Meralcos distribution system. This goes to the National Grid
Corporation of the Philippines (NGCP)
1Q 2014 Share per Bill Component
Wheeling Charges
Power Delivery Service
System Operations Charge
Supply & Metering Charges
Goes to
NGCP
2
Ancillary Service Charges
P 0.96/kWh
10.0%
Dispatchable Reserve
Contingency Reserve
Frequency Regulation
Reactive Power Support
Black Start
Goes to
Power
Generators
(pass-thru cost)
1996
14.50%
P 0.46/kWh
1997
13.25%
4.8%
1998
11.75%
1999-2009
9.5%
2009-present
8.5%
10.85
AVOIDED CHARGE
2008: P0.36 Bn
2009: 1.37
2010: 1.13
2011: 2.38
2012: 3.43
2013: 3.87
Total : P12.59 Bn
(or equivalent to 7.02/kWh)
11.10
10.21
10.10
9.65
9.28
8.61
7.94
7.35
2003
2004
2005
2006
2007
2008
2009
2010
2011
7.04
6.92
2012
2013
P 1.08/kWh
11.3%
1.
2.
3.
4.
Universal Charges
A non-bypassable charge remitted to the Power Sector Assets and Liabilities
Management Corporation (PSALM)
Environmental Charge
The amount collected is used to
rehabilitate and maintain watershed
reservations surrounding hydroelectric
plants for sustained power generation
P 1.63/kWh
17.1%
1. Distribution Charge
2. Metering Charge
3. Supply Charge*
DISTRIBUTION UTILITY
Supply Charge
1) GOVERNMENT SUBSIDIES
2)
2)
5.80
5.75
5.70
5.60
5.50
5.40
5.28
5.30
5.20
5.10
5.00
2012 Ave. generation rate
under old TSCs (transition supply
contracts)
* Excludes Jan 2013 (PSAs kicked in Feb 2013) and Dec 2013 (rate hike due to Malampaya)
Meralco POP is an energy-pricing scheme which offers rates based on the time of
day electricity is generated and on the cost of supplying electricity during that
time. Rates are higher than average during peak period and significantly lower
during off-peak periods.
Php / kWh
Dry Season
Wet Season
Peak Rate
7.48
7.28
Off-Peak Rate
3.55
3.55
Difference
3.94
3.73
Days
Peak
Off-Peak
Monday-Saturday
Sunday
Thank You!