• The Bangko Sentral ng Pilipinas (BSP) expects electricity rates to increase further as around P15.77 billion worth of power generation cost may be passed on to consumers over the next three years.
• In the latest Monetary Policy Report, the central bank said there is a high probability that the Energy Regulatory Commission (ERC) would soon release an order authorizing the collection of the additional power generation cost.
• “The risk scenario assumes that an estimated P15.77 billion worth of power generation cost will be passed on to consumers with the adjustment spread equally over the next three years starting in June 2024,” the BSP said.
• This was due to a 2022 Supreme Court decision that nullified the ERC’s 2014 decision to cap Wholesale Electricity Spot Market (WESM) prices from November to December 2013.

https://www.philstar.com/business/2024/05/30/2358930/bsp-consumers-may-shoulder-p157-billion-power-generation-cost