I still haven’t received my April 2010 bill but I now fear the numericals inside it.
Earlier today, Meralco announced and explains why do we have a higher Meralco bill this April. So before I sulk in my little corner due to the increase in my electricity bill, read the announcement below.
Posted at the official Meralco website:
Meralco's Generation Charge
The rise in generation charges springs from the high cost of electricity that Meralco buys from its suppliers. These suppliers consist of the National Power Corporation (NCP), Independent Power Producers (IPP) and Wholesale Electricity Spot Market (WESM).
The major factor that caused the sharp rise in electricity was because of the increase in the price of WESM, a venue for trading electricity as a commodity in the spot market.
Meralco does not add any mark-up to the cost of electricity purchased from these electricity suppliers. The generation cost, which averages about 50-60% of your electric bill, goes directly to Meralco’s power suppliers and adds nothing to Meralco’s income.
Personally, I don’t buy this bullshit. But I’m definitely sure that it really is a wake-up call to us that we need to find an alternative way of generating power; especially a cheaper way of generating electricity. Ilocos Norte has it already.
How I wish to have something like the Bangui Windmills constructed near Metro Manila.
