00:00I have a plan to re-implement the task force on electricity, this month, how much we should budget. Find out in the center of the news of Claycell Partilia, live.
00:15Yes Audrey, increasing the task force on electricity is what the consumers should expect this month of June.
00:2264 centimes per kilowatt hour is the increase, so it's around 12 pesos and 5 centimes per kilowatt hour is the total rate for a typical residential customer.
00:39This means that Audrey will reduce the bill from 129 pesos to 322 pesos for the customers of Meraco, which consumes 200 to 500 kilowatts.
00:54According to Meraco, this is the result of increasing the generation cost from the wholesale electricity spot market.
01:01Yellow at Red Alert and National Grid Corporation because of the lack of electricity supply.
01:12It reached 35 centimes per kilowatt hour rounded off, the generation charge.
01:23And this is, no matter what, it should be increased because it should be bigger, but to ease the effect on the bill of the customers,
01:37we are talking to our different power suppliers to ease the bill.
01:47The deferred generation cost of 500 million will be collected equally over three months. There is no interest.
01:56The increase in the generation cost was reduced by three months.
02:01It was set at 35 centimes per kilowatt hour for the month of July and 4 centimes per kilowatt hour for the month of August.
02:07But Meraco said that this can be eased depending on the price of electricity in the market for the next month.
02:14For now, to ease the bill of the consumers, the Energy Regulatory Commission allowed Meraco to collect 910 megawatts of electricity supply from Iliha Natural Gas Plant.
02:28The ERC explained that this will protect the consumers from the rising price of wholesale electricity spot market or WESEM,
02:37where there is usually a pressure to increase the price because of the supply.
02:43That is the latest. Back to you, Audrey.
02:46Okay, Clay, what is the outlook for the month of July?
02:50Audrey, last month, the price of electricity will increase.
02:56According to Meraco, it is full of hot weather.
03:01If the demand increases, the electricity will decrease.
03:06There will also be a pressure on the wholesale electricity spot market.
03:11But because Meraco expects that the weather will be cold and the price of electricity will go down,
03:17the pressure will go down and the price of electricity will go down.
03:27But it still depends on the movement of the price in the market.
03:32Audrey?
03:34Let's wait for that. For now, let's save.
03:37Thank you very much, Claycel Pardilla.
