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High voltage towers that support transmission lines for electrical power distribution in the Luzon grid is seen from a residential area in Baesa, Quezon City on Tuesday, May 9 2023. Maria Tan, ABS-CBN News

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ELECTRICITY-GRID

Alvin Elchico

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:498px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/171463292058620230509-trasmission tower-QC-MT-2023-2.jpg" style="width:950px" class="fr-fic fr-dib" alt="High voltage towers that support transmission lines for electrical power distribution in the Luzon grid are seen from a residential area in Baesa, Quezon City on Tuesday, May 9, 2023. Maria Tan, ABS-CBN News "/><span class="fr-inner" style="text-align:left"><span contenteditable="true" id="isPasted" spellcheck="false" style="text-align:left"><span style="color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:pre-wrap;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">High voltage towers that support transmission lines for electrical power distribution in the Luzon grid are seen from a residential area in Baesa, Quezon City on Tuesday, May 9, 2023. <em>Maria Tan, ABS-CBN News</em></span><em> </em></span></span></span></span></div><p>MANILA -- Consumers may see higher power rates on their next due date after the Red and Yellow Alerts issued amid the recent power shortages.</p><p>The Energy Regulatory Commission said its suspension of the Wholesale Electricity Spot Market (WESM) during Red Alerts will not include the series of price spikes in the Luzon and Visayas spot markets during the Red and Yellow Alerts in April.</p><p>This means that <span id="isPasted" style="color:rgb(65, 65, 65);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">the price increases monitored in the Luzon and the Visayas grids will already be reflected</span> in customers&#x27; April bills.</p><p>The ERC on Wednesday <a href="https://www.youtube.com/watch?v=Aw7f6-wmSHI&amp;ab_channel=ANC24%2F7" rel="noopener noreferrer" target="_blank">ordered the suspension of the WESM</a> in Luzon and Visayas when major power grids in the areas are placed on red alert.</p><p>The WESM serves as the platform for trading electricity as a commodity in the Philippines. </p><div> </div><div><strong>RELATED STORY:</strong></div><div style="text-align:center"><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/Aw7f6-wmSHI?&amp;ab_channel=ANC24%2F7autoplay=1&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span>Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" id="isPasted" style="color:rgb(60, 151, 255)" target="_blank">iWantTFC.com</a>. Watch hundreds of Pinoy shows, movies, live sports and news.</div><p>ERC Chairperson Monalisa Dimalanta said there is no specific amount yet for the increase since this will depend on how much electricity a utility or cooperative got from the spot market.</p><p>For example, Meralco gets around 10 to 20 percent of its overall supply from the spot market, while the rest of its supply is contracted.</p><p>When asked if the ERC will intervene if the rate hike reaches more than P1/kWh, for example, Dimalanta said the commission will leave it to the utility or cooperative, if they want to implement a staggered increase.</p><p>The official, however, appealed to generators to be considerate and allow a staggered collection of payment to shield consumers from bill shocks.</p><p>Dimalanta explained that the market will not stop operating during Red Alerts. Rather, the price of electricity will be capped either by the secondary price cap of P6.245/kWh or the average prices in the last 4 weeks of the same period when the red alert was declared, whichever is lower.</p><p>Dimalanta explained that electricity prices in the Philippines are structured in such a way that what consumers pay is the true cost of electricity without any subsidy from the government.</p><div><a href="https://news.abs-cbn.com/business/2024/5/2/luzon-grid-on-yellow-alert-on-may-2-907" rel="noopener noreferrer" target="_blank">Luzon grid on yellow alert on May 2</a></div><p>The ERC is currently investigating power plants that <a href="https://twitter.com/ABSCBNNews/status/1784801043265765472" rel="noopener noreferrer" target="_blank">bogged down unannounced</a> leading to Yellow and Red alerts in the Luzon, Visayas and Mindanao grids.</p><div><a href="https://news.abs-cbn.com/news/2024/4/21/doe-rules-out-sabotage-in-power-plants-failures-2204" rel="noopener noreferrer" target="_blank">DOE rules out sabotage in power plants&#x27; failures</a></div><p>Dimalanta said penalties are in order if the commission finds the plants&#x27; explanation wanting.</p><p>The commission noted that this year is extraordinary, as extreme heat really pushed demand up, even surpassing the projected peak demand for the entire summer season.</p><div><a href="https://news.abs-cbn.com/business/2024/5/1/brownouts-due-to-more-consumers-using-power-hungry-appliances-meralco-1607" rel="noopener noreferrer" target="_blank">Brownouts due to overloading as more consumers use power-hungry appliances: Meralco</a></div>

<p>Consumers may see higher power rates on their next due date after the Red and Yellow Alerts issued amid the recent power shortages.</p>

Consumers may see higher power rates on their next due date after the Red and Yellow Alerts issued amid the recent power shortages.

Electricity bills may be higher in next due date: ERC

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Electricity bills may be higher in next due date: ERC

Alvin Elchico,

ABS-CBN News

Published May 02, 2024 03:45 PM PHT

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Updated Jun 11, 2024 02:36 PM PHT

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