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NewsTranscript
00:00Following the series of yellow and red alerts in power grids,
00:04Meralco will implement 64 centavos per kilowatt-hour of additional electricity.
00:09Now that it's rainy season, is it possible to reduce the electricity bill?
00:13Bernadette Reyes witnessed it.
00:18Grace Longmayo's Meralco bill reached Php 6,000, higher than usual.
00:24It's too hot.
00:25Of course, everything works, especially the ventilator and air conditioner.
00:29I really need to get an air conditioner because I can't stand the heat.
00:32But this month, the bill for electricity will increase by Php 64 per kilowatt-hour.
00:37That's a Php 129 increase on the electric bill of typical houses
00:42that consume Php 200 per kilowatt-hour per month.
00:45As the consumption increases, so does the additional bill.
00:49The additional bill is due to the increasing generation charge
00:54or the cost of generating electricity, transmission charge,
00:57and feed-in tariff allowance that goes to the producers of renewable energy.
01:02We can see the tightness of supply coupled with the high demand.
01:09The price of wholesale electricity in the SPAC market has increased.
01:15We also have instances of yellow and red alerts.
01:21In that situation, the generation cost has been reduced,
01:24which is why the additional bill has been reduced.
01:27That amount is equivalent to Php 13 per kilowatt-hour,
01:30which is equivalent to three installments.
01:33That means there is a Php 4 additional bill per kilowatt-hour in July, August, and September.
01:40According to Meralco, aside from the price of electricity,
01:43the monthly bill may also increase depending on your consumption.
01:46Now that the rainy season has entered,
01:49the weather is getting colder, which may help to lower the monthly bill.
01:54Since demand is not as significant compared to the past few months,
02:00then we can say that probably, although it's quite early to say,
02:05maybe the price in the SPAC market will be softer as well.
02:13Yildi may be able to reduce the approval of ERC
02:16for the procurement of Meralco's supply from the Iliha Natural Gas Plant
02:20of South Premier Power Corporation.
02:22Meanwhile, Meralco is planning against the stealing of Metro,
02:26which is being sold online, which increased in 2023 compared to 2022.
02:33This is dangerous and is against the Anti-Electricity and Electric Transmission Lines Materials Pilferage Act.
02:39For GMA Integrated News, Bernadette Reyes is your witness.
02:44Kapuso, let's be witnesses together.
02:48Subscribe to GMA Integrated News on YouTube.
02:50And for Kapuso Abroad, join us on GMA Pinoy TV and www.gmanews.tv.