LKI STATEMENT on the reported Meralco rate reduction . COULD Be higher rollback if not for the ERC Orders as stated in LKI Press Statement 2020 041 as attached.
August 10, 2020
Nabasa ko yun Meralco press statement on the rollback of 20 centavos. May na observe ako sa purchases from the PSA which increased by 27 centavos, and directionally opposite the reduction in the IPP and more WESM . I think the ERC decision that inputs the plant capacity factor in the prov authority of the 3 san miguel plants could explain the higher PSA cost pkwh. Any dispatch less than 100 % will increase the amount of the prov authority. the erc should have not modified its decision . As lki stated earlier the decison of the erc will increase the power rate.
Sayang consumers could have enjoyed a bigger reduction. Kontrabida talaga yan ERC.