00:00Good news for the residents of Luzon and Mindanao,
00:05you will be compensated for the electric bill.
00:11But bad news for the residents of Visayas,
00:14because you have a high ceiling.
00:17Mackie Polido is on fire.
00:23Because the electricity bill is hard to pay,
00:25Ms. Estrella will have to pay a disconnection notice.
00:31You're almost going to cry so that your lights won't go out.
00:35Tomorrow, we may find out if in October,
00:38we will be able to rest a bit because of the high bill.
00:41But the National Grid Corporation of the Philippines, or NGCP,
00:46announced that they will lower their ancillary service
00:49or reserve of electricity this month.
00:51This is part of the transmission charge of 10% of the Meralco bill.
00:55Good news for the residents of Luzon and Mindanao,
00:58because the bill will be lowered by P9 per kWh in Luzon
01:02and P2 in Mindanao.
01:04Bad news for Visayas,
01:06where the bill will be raised by P29 per kWh.
01:10These are pass-through charges and will not go to the NGCP.
01:14For this month, as with last month,
01:16more than 50% of our billing is for ancillary services.
01:21And that proportion is largely driven by market prices
01:28in the reserve market.
01:30Half of what the NGCP is now borrowing
01:33is for the treatment of this ancillary service or reserve of electricity.
01:37When it went on sale in the reserve market in February,
01:40the NGCP had to borrow P5.7 billion from electricity consumers.
01:46Only P1.7 billion was borrowed last June.
01:50The Energy Regulatory Commission is still waiting
01:53for a decision on when the remaining P4 billion will be borrowed.
01:57The NGCP has previously announced
01:59that they will add their borrowing
02:01if they are forced to contract the reserve of electricity.
02:04But the Department of Energy said
02:06that the reserve of electricity is needed
02:08for the supply of electricity to be stronger.
02:17For GMA Integrated News, Macky Pulido, for Tutok, 24 Hours.
02:36For GMA Integrated News, Macky Pulido, 24 Hours.
03:06For GMA Integrated News, Macky Pulido, 24 Hours.
03:09For GMA Integrated News, Macky Pulido, 24 Hours.
03:12For GMA Integrated News, Macky Pulido, 24 Hours.
03:15For GMA Integrated News, Macky Pulido, 24 Hours.
03:18For GMA Integrated News, Macky Pulido, 24 Hours.
03:21For GMA Integrated News, Macky Pulido, 24 Hours.
03:24For GMA Integrated News, Macky Pulido, 24 Hours.
03:27For GMA Integrated News, Macky Pulido, 24 Hours.
03:30For GMA Integrated News, Macky Pulido, 24 Hours.
03:33For GMA Integrated News, Macky Pulido, 24 Hours.
03:36For GMA Integrated News, Macky Pulido, 24 Hours.
Comments