I'm sure most of my loyal readers are familiar with the TV commercial dub "May Liwanag ang Buhay". While it is true that this company brings light to the home of every Juan ( at least in the NCR), this commercial is a rhetoric.
I am just wondering why Meralco needs to adjust its Maximum Average Price from P1.6012 per kilowatt-hour to P1.6303 when they have just posted a core net income growth of five percent to P3.42 billion in the first quarter. They really targets a core profit of P15 billion for this year – or excluding non-recurring item – up from P14.9 billion last year. [pun intended]
Meralco has 5.07 million connections and 90% is residential customers. If every household consumes an average of 200 kWh a month, based on the P0.0291 per kilowatt-hour increase they can easily get P28.8 million a month or P346.78 million in one year as this Meralco's new MAP will be implemented from July 1, 2012 to June 30, 2013. Really, this increase in our monthly bills empties our pockets of our hard-earned cash as Meralco's executives enjoys a handsome amount of salary and benefits. Talking about economic inequality eh?
What I don't understand is why Energy Regulatory Commission (ERC) approved such an increase in the distributor’s rate. Perhaps the Performance-Based Regulation set by the commission itself, allowing utilities to
adjust their rates based on spending requirements, service performance, among others, is to blame?
Tsk! Tsk! Tsk! Our government is aiding those in the upper echelon in the society to rob the common Pinoy.
Seems as though that's what happens with governments. That song is quite catchy though I must say lol.
ReplyDelete@Matt, you're pretty darn fast to comment eh. lol....
ReplyDeleteyeah, government is really for those "who have"
same here .. we pay a lot on electricity bills..
ReplyDeletesighhh..
Hah! I can't agree more! even in Malaysia ;)
ReplyDelete@SP, I even felt betrayed by my own government because our President just approved 1 billion subsidy for companies in the Economic Zones and yet, they cant give regular consummers any subsidy
ReplyDelete@jamiey, seems we have the same problems. I've been following mews in your country and those in the opposition are being prosecuted (Anwar becuase of Bersih 3)just like in the Philippines, where all they want is political reforms.
ReplyDeletepinagkakitaan na naman nito ang mga gumagamit ng kuryente......
ReplyDeleteoo nga Arvin. ayaw man lang bawasan ng Meralco bilyones na kinikita nila. gaano na lang ba naman sana yung P347 milyon na mababawas. haist.....
ReplyDeletebusiness is business. kumikitang kabuhayan. hehe
ReplyDeletelol, oo nga. pero gaya nga ng nasabi ko sa bandang taas, gaano na lang ba yung 347 milyon na kabawasan sa kita nila?
ReplyDeletethey were really sucking the most out of their costumer all they care about is the money they will get
ReplyDelete@MEcoy, yeah, they all really cares lining their pockets.
ReplyDeleteyeah....it never ends
ReplyDeleteNag-nose bleed ako sa figures, nahihilo ako pag ang topic ay may money at numbers.. Paki-explain nga ulet? Hehe, charot lang!
ReplyDeletebuy meralco shares para makabawi. hehehe :D
ReplyDeletenaku kinaakabahan tuloy ako sa next bill namin hehe...
ReplyDeletenakakasawa na itong pagtaas at pagbaba ng singil ng Meralco... kung meron nga lang talaga tayong ibang choice eh tsk tsk tsk
ReplyDeletePalagay ko may aalmang Senator dito... why? kasi malapit na election... papabango ulit sila hehehe
ReplyDeleteDi bale, di naman nila madadala yan pag nategi na sila. :D
ReplyDeletekaya nagagalit ang nanay ko e! ang taas ng kuryente! :)
ReplyDeletehmmm, is that some sort of government agency in philippines??
ReplyDeletewell, not any surprise actually.. we always have rhetoric messages from them, don't you agree?? hahaha~~
ReplyDeletewell i think that kind of electric business lol
ReplyDeleteI think they're trying to regain their loss profits from the illegal connections through those who are legally paying for their services.
ReplyDeleteThis is why nobody wins with cheating! I hope people could realize the consequences of their actions lead to hardships for others, eventually to themselves too.
@Tin, I think you were talking about the "System Loss" charge that constitutes almost 4% of the electric bill.
ReplyDeletebut yeah, cheating by using an illegal connections must be dealt with. It hurts my pocket paying for the loss electricity due to illegal connections
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ReplyDelete