Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  PHILIPPINE STOCK EXCHANGE, INC.  >  Manila Electric Company    MER   PHY5764J1483

MANILA ELECTRIC COMPANY (MER)
Mes dernières consult.
Most popular
Report
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Manila Electric : Lower power rates seen this month

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/08/2017 | 12:37am CET

MANILA, Philippines Customers will see lower electricity bills this month as the Manila Electric Co. (Meralco) announced a reduction of 37.85 centavos per kilowatt-hour (kwh) in overall rates on the back of a stronger peso and lower spot market prices.

Meralco said the overall month's rate amounted to P9.2487 per kwh, compared to last month's P9.6272 per kwh. Households consuming 200 kwh a month will see a decrease of P75.7 in their bills P113.55 for 300 kwh, P151.40 for 400 kwh and P189.25 for 500 kwh.

The decline was attributed to the reduction in generation charge, which went down by 30.35 centavos per kwh from P4.9080 per kwh last month to P4.6045 per kwh, Meralco said. The peso's appreciation and lower Wholesale Electricity Spot Market (WESM) charges mainly pulled down the generation charge.

"The power supply situation improved from October, when the grid experienced three instances of yellow alerts," Meralco said. Headlines ( Article MRec ), pagematch: 1, sectionmatch: 1 Meanwhile, charges from Independent Power Producers (IPPs) and Power Supply Agreements (PSAs) also registered decreases of P0.2191 per kwh and P0.3244 per kwh, respectively, mainly due to the strengthening of the peso against the US dollar.

"The peso-dollar exchange rate affects around 97 percent of IPP and 60 percent of PSA charges," the power distributor said. WESM purchases contributed 12 percent to Meralco's total requirement this month while IPPs and PSAs each provided 44 percent.

Apart from the generation charge, other bill components were also lower this month. Transmission charge of residential customers decreased by P0.0186 per kwh due to lower transmission wheeling and ancillary charges.

Taxes and other charges also went down by P0.0564 per kwh this month. For Meralco's distribution, supply and metering charges, the rate has remained unchanged for 29 months, after these registered reductions in July 2015.

© Pakistan Press International, source Asianet-Pakistan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MANILA ELECTRIC COMPANY
12/13 MANILA ELECTRIC : House concludes probe on Meralco power deals
12/12 MANILA ELECTRIC : Meralco, Hitachi ink deal for Bess
12/09 MANILA ELECTRIC : Meralco sync plans to better serve city residents
12/09 MANILA ELECTRIC : Lower power rates in December
12/08 MANILA ELECTRIC : Lower power rates seen this month
12/03 MANILA ELECTRIC : 3 die as car hits power post
12/01 MANILA ELECTRIC : Disaster-resiliency measures in place, Meralco exec says
11/30 San Miguel to contest SEC decision in court
11/27 MANILA ELECTRIC : Consumer awareness on saving power seen to cut Meralco sales
11/27 MANILA ELECTRIC : Govt urged to scrutinize proposed rules on sourcing renewable ..
More news
News from SeekingAlpha
10/27 Manila Electric Co. (MERALCO) ADR 2017 Q3 - Results - Earnings Call Slides
Financials ( PHP)
Sales 2017 276 B
EBIT 2017 29 864 M
Net income 2017 19 704 M
Finance 2017 11 592 M
Yield 2017 4,75%
P/E ratio 2017 19,25
P/E ratio 2018 18,98
EV / Sales 2017 1,28x
EV / Sales 2018 1,23x
Capitalization 366 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 341  PHP
Spread / Average Target 5,2%
EPS Revisions
Managers
NameTitle
Oscar S. Reyes President, CEO & Non-Executive Director
Manuel Velez Pangilinan Chairman
Betty C. Siy-Yap Chief Financial Officer & Senior Vice President
Ray Celis Espinosa Director & General Counsel
Manuel M. Lopez Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
MANILA ELECTRIC COMPANY7 204
DUKE ENERGY CORP13.44%61 288
DOMINION ENERGY INC9.52%54 127
SOUTHERN CO3.80%51 867
IBERDROLA7.70%49 507
EXELON CORPORATION15.67%39 520