00:00The increase in electricity bills will be paid this month, if you know how much, in the news center of Christian Vascones, Christian.
00:11Aljo, there will be an increase in electricity bills this month of February.
00:15This is what Manila Electric Company or Meralco announced today.
00:19For the consumption of an ordinary family, the overall rate is 12.0262 pesos per kilowatt hour.
00:26If you consume 200 kilowatt hour per month, this is equivalent to 57 pesos per kilowatt hour.
00:35According to the power distributor of Meralco, because of the increase of the dollar versus the peso,
00:41the consumption is high and there are other reasons why the generation charge increased this month.
00:46More than 50% of the consumers pay the generation charge per month.
00:51According to Meralco Vice President and Head of Corporate Communications, Joe Saldarriaga,
00:56they also expect that the transmission charge will increase because the remaining 70% of the reserve market settlement fee
01:05from the month of March of the previous year is being collected.
01:08January, February, March, usually, because the weather is still cold, your consumption will go down.
01:15We need to prepare for the arrival of the summer months.
01:19This is the month of April until June and July, where we are looking at two possible things that can affect our bills.
01:28That is what we call seasonality of consumption.
01:32Remember, the ERC first ordered the private distribution utilities to refund the non-expenses
01:39of the collected fees of P1.18 billion during the previous regulatory rate reset process.
01:46The monthly bill of the consumers will increase by P3 because of the P19 billion refund
01:52that will reduce P19 per kilowatt hour for each consumer.
01:57That is all for now from us here in Meralco.
01:59Back to you, adios.
02:01Thank you very much Christian Bascones.
