May 29, 2017, 6:27 am
Facebook iconTwitter iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.07372 UAE Dirham
1 Philippine Peso = 2.41289 Albanian Lek
1 Philippine Peso = 0.03568 Neth Antilles Guilder
1 Philippine Peso = 0.32234 Argentine Peso
1 Philippine Peso = 0.02694 Australian Dollar
1 Philippine Peso = 0.03594 Aruba Florin
1 Philippine Peso = 0.04014 Barbados Dollar
1 Philippine Peso = 1.61883 Bangladesh Taka
1 Philippine Peso = 0.03501 Bulgarian Lev
1 Philippine Peso = 0.00757 Bahraini Dinar
1 Philippine Peso = 34.21016 Burundi Franc
1 Philippine Peso = 0.02007 Bermuda Dollar
1 Philippine Peso = 0.02775 Brunei Dollar
1 Philippine Peso = 0.1385 Bolivian Boliviano
1 Philippine Peso = 0.06559 Brazilian Real
1 Philippine Peso = 0.02007 Bahamian Dollar
1 Philippine Peso = 1.29566 Bhutan Ngultrum
1 Philippine Peso = 0.20514 Botswana Pula
1 Philippine Peso = 401.84665 Belarus Ruble
1 Philippine Peso = 0.0401 Belize Dollar
1 Philippine Peso = 0.02701 Canadian Dollar
1 Philippine Peso = 0.01958 Swiss Franc
1 Philippine Peso = 13.41871 Chilean Peso
1 Philippine Peso = 0.13757 Chinese Yuan
1 Philippine Peso = 58.49057 Colombian Peso
1 Philippine Peso = 11.65616 Costa Rica Colon
1 Philippine Peso = 0.02007 Cuban Peso
1 Philippine Peso = 1.98153 Cape Verde Escudo
1 Philippine Peso = 0.47496 Czech Koruna
1 Philippine Peso = 3.56443 Djibouti Franc
1 Philippine Peso = 0.13368 Danish Krone
1 Philippine Peso = 0.94018 Dominican Peso
1 Philippine Peso = 2.17375 Algerian Dinar
1 Philippine Peso = 0.28102 Estonian Kroon
1 Philippine Peso = 0.3623 Egyptian Pound
1 Philippine Peso = 0.45965 Ethiopian Birr
1 Philippine Peso = 0.01796 Euro
1 Philippine Peso = 0.04169 Fiji Dollar
1 Philippine Peso = 0.01563 Falkland Islands Pound
1 Philippine Peso = 0.01565 British Pound
1 Philippine Peso = 0.08608 Ghanaian Cedi
1 Philippine Peso = 0.90225 Gambian Dalasi
1 Philippine Peso = 182.35648 Guinea Franc
1 Philippine Peso = 0.14716 Guatemala Quetzal
1 Philippine Peso = 4.09595 Guyana Dollar
1 Philippine Peso = 0.15642 Hong Kong Dollar
1 Philippine Peso = 0.46989 Honduras Lempira
1 Philippine Peso = 0.13267 Croatian Kuna
1 Philippine Peso = 1.33601 Haiti Gourde
1 Philippine Peso = 5.51927 Hungarian Forint
1 Philippine Peso = 267.16178 Indonesian Rupiah
1 Philippine Peso = 0.0717 Israeli Shekel
1 Philippine Peso = 1.29566 Indian Rupee
1 Philippine Peso = 23.70534 Iraqi Dinar
1 Philippine Peso = 651.18426 Iran Rial
1 Philippine Peso = 2.00763 Iceland Krona
1 Philippine Peso = 2.60177 Jamaican Dollar
1 Philippine Peso = 0.01422 Jordanian Dinar
1 Philippine Peso = 2.23294 Japanese Yen
1 Philippine Peso = 2.06945 Kenyan Shilling
1 Philippine Peso = 1.36341 Kyrgyzstan Som
1 Philippine Peso = 81.17021 Cambodia Riel
1 Philippine Peso = 9.03573 Comoros Franc
1 Philippine Peso = 18.06503 North Korean Won
1 Philippine Peso = 22.47491 Korean Won
1 Philippine Peso = 0.00608 Kuwaiti Dinar
1 Philippine Peso = 0.01646 Cayman Islands Dollar
1 Philippine Peso = 6.21999 Kazakhstan Tenge
1 Philippine Peso = 164.1108 Lao Kip
1 Philippine Peso = 30.22079 Lebanese Pound
1 Philippine Peso = 3.06604 Sri Lanka Rupee
1 Philippine Peso = 1.82658 Liberian Dollar
1 Philippine Peso = 0.25943 Lesotho Loti
1 Philippine Peso = 0.06119 Lithuanian Lita
1 Philippine Peso = 0.01246 Latvian Lat
1 Philippine Peso = 0.02797 Libyan Dinar
1 Philippine Peso = 0.19607 Moroccan Dirham
1 Philippine Peso = 0.36395 Moldovan Leu
1 Philippine Peso = 1.10036 Macedonian Denar
1 Philippine Peso = 27.19791 Myanmar Kyat
1 Philippine Peso = 48.1935 Mongolian Tugrik
1 Philippine Peso = 0.16111 Macau Pataca
1 Philippine Peso = 7.18587 Mauritania Ougulya
1 Philippine Peso = 0.6951 Mauritius Rupee
1 Philippine Peso = 0.31052 Maldives Rufiyaa
1 Philippine Peso = 14.40426 Malawi Kwacha
1 Philippine Peso = 0.37051 Mexican Peso
1 Philippine Peso = 0.08565 Malaysian Ringgit
1 Philippine Peso = 0.25809 Namibian Dollar
1 Philippine Peso = 6.4432 Nigerian Naira
1 Philippine Peso = 0.6002 Nicaragua Cordoba
1 Philippine Peso = 0.16848 Norwegian Krone
1 Philippine Peso = 2.07648 Nepalese Rupee
1 Philippine Peso = 0.02843 New Zealand Dollar
1 Philippine Peso = 0.00773 Omani Rial
1 Philippine Peso = 0.02007 Panama Balboa
1 Philippine Peso = 0.06543 Peruvian Nuevo Sol
1 Philippine Peso = 0.06377 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.10277 Pakistani Rupee
1 Philippine Peso = 0.0752 Polish Zloty
1 Philippine Peso = 111.54155 Paraguayan Guarani
1 Philippine Peso = 0.07308 Qatar Rial
1 Philippine Peso = 0.08182 Romanian New Leu
1 Philippine Peso = 1.13952 Russian Rouble
1 Philippine Peso = 16.44902 Rwanda Franc
1 Philippine Peso = 0.07527 Saudi Arabian Riyal
1 Philippine Peso = 0.15837 Solomon Islands Dollar
1 Philippine Peso = 0.26825 Seychelles Rupee
1 Philippine Peso = 0.13368 Sudanese Pound
1 Philippine Peso = 0.17472 Swedish Krona
1 Philippine Peso = 0.02777 Singapore Dollar
1 Philippine Peso = 0.01563 St Helena Pound
1 Philippine Peso = 0.44572 Slovak Koruna
1 Philippine Peso = 150.54195 Sierra Leone Leone
1 Philippine Peso = 11.01967 Somali Shilling
1 Philippine Peso = 440.26096 Sao Tome Dobra
1 Philippine Peso = 0.17507 El Salvador Colon
1 Philippine Peso = 10.33681 Syrian Pound
1 Philippine Peso = 0.25802 Swaziland Lilageni
1 Philippine Peso = 0.68306 Thai Baht
1 Philippine Peso = 0.04816 Tunisian Dinar
1 Philippine Peso = 0.04615 Tongan paʻanga
1 Philippine Peso = 0.07172 Turkish Lira
1 Philippine Peso = 0.13487 Trinidad Tobago Dollar
1 Philippine Peso = 0.60472 Taiwan Dollar
1 Philippine Peso = 44.74107 Tanzanian Shilling
1 Philippine Peso = 0.5289 Ukraine Hryvnia
1 Philippine Peso = 72.26014 Ugandan Shilling
1 Philippine Peso = 0.02007 United States Dollar
1 Philippine Peso = 0.56624 Uruguayan New Peso
1 Philippine Peso = 76.29466 Uzbekistan Sum
1 Philippine Peso = 0.20022 Venezuelan Bolivar
1 Philippine Peso = 456.12204 Vietnam Dong
1 Philippine Peso = 2.15295 Vanuatu Vatu
1 Philippine Peso = 0.05162 Samoa Tala
1 Philippine Peso = 11.77599 CFA Franc (BEAC)
1 Philippine Peso = 0.0542 East Caribbean Dollar
1 Philippine Peso = 11.81574 CFA Franc (BCEAO)
1 Philippine Peso = 2.13228 Pacific Franc
1 Philippine Peso = 5.01706 Yemen Riyal
1 Philippine Peso = 0.25808 South African Rand
1 Philippine Peso = 104.16499 Zambian Kwacha
1 Philippine Peso = 7.26415 Zimbabwe dollar

Sober power pricing readied

The Philippine power industry both producers and distributors will have to accept new pricing that will balance the cost of production and supply stability at the least cost to consumers.
 
Philippine Independent Power Producers Association (PIPPA) president Luis Miguel Aboitiz told Business Insight the country could expect changes to be made this year in certain rules and policies to reduce or prevent price volatility to the consumers.
 
“Policies will have to be made about the right balance between cost and stability. Customers, particularly the lower income ones, are not willing to accept the volatility we experienced recently,” Aboitiz said.
 
“However, any policies that will be crafted should help ensure that investors are not discouraged from putting up needed generation assets moving forward, rules are respected and consistently applied, and transparency and integrity of the market is promoted,” he added.
 
The industry was roiled late last year by Manila Electric Co.’s decision to increase charges due to what it reported was the higher cost of electricity it bought for distribution. The higher production cost was attributed to the maintenance shutdown of the Malampaya natural gas plant.
 
This forced several generating plants to buy costlier fuel. 
 
The Supreme Court ordered a 60-day temporary restraining order on the Meralco plan. 
 
The problem of pricing was on top of the still unresolved power crisis in Mindanao. 
 
Meralco, the country’s largest power distributor, saw its generation charge or the cost of power it bought from its suppliers rise to P9.11 per kilowatt-hour (kWh) in December, prompting various consumer groups and party-list legislators to file complaints which then led to a 60-day temporary restraining order by the Supreme Court.
 
Meralco then saw its generation charge for the January billing period reached another new record high of P10.23 per kWh caused primarily again by the Malampaya shutdown which crossed two billing periods and was coupled with the planned and unplanned outages of generation plants.
 
But while the Meralco’s rate issue seems to have taken away the limelight from the Mindanao power crisis for the meantime, the energy sector said it remains all eyes on the upcoming situation in the power-starved island.
 
Department of Energy Secretary Carlos Jericho said Mindanao will not be spared from power outages this year as capacity will still not be able to meet demand.
 
Petilla, however, stressed that the potential power woes can be averted this time around once electric cooperatives there decides to source their supply from the Interim Mindanao Electricity Market (IMEM).
 
Various areas in Mindanao suffered seven to nine hours of rotating brownout daily last year during the peak of the summer months as no immediate solution was made available by the government.
 
But this will not be the case this year with IMEM in place, assured Petilla.
 
Both the energy chief and the PIPPA president agreed that the IMEM was one of the most important projects that were implemented last year in the energy sector.
 
“The IMEM, some are saying, has no effect yet but actually it is very crucial for summer and the mere fact that we implemented it this early, in fact late last year, is a preparation for summer. It has an impact on Mindanao but the biggest impact will be felt by summer,” Petilla said.
 
The IMEM is a platform for electricity market in Mindanao that is expected to bring in additional capacity to bridge the island’s power supply gap while waiting for big capacity projects to come in by 2015.
 
Petilla said the electricity market is expected to draw in about 300 megawatts (MW) of power from uncontracted and available power capacities in Mindanao.
 
Under the IMEM, energy distributors will be allowed to sell power supply from its embedded generators to areas having deficit with all of the distribution utilities and other generation capacities connected to the Mindanao power system mandated to participate in it.
 
“Although this (IMEM) was started in December, the first payment is not due until end of January, so we do not know how successful this will be yet,” Aboitiz said.
 
Aside from the IMEM, another program which both Petilla and Aboitiz consider as having the most impact for last year was the retail competition and open access (RCOA).
 
“RCOA made significant effects because it stirred the entire contestable customers. Slowly the people are now realizing that they can actually get cheaper power if you go direct and it brought about competition,” Petilla said.
 
RCOA is scheme that allowed big electricity consumers in Luzon and Visayas to choose their own power suppliers instead of distribution utilities sourcing electricity on their behalf.
 
The qualified customers under the scheme are referred to as contestable customers or those with at least one megawatt (MW) electricity consumption over the previous year.
 
RCOA is considered as a major milestone in the Philippine electric power industry as it provided competition in the retail supply segment of the country’s electric power industry by giving freedom to end-users to buy their electricity from power plant owners.
 
As of December 25, Aboitiz said that RCOA’s implementation has proved to be successful so far as 292 customers or 32 percent of the total 909 contestable customers representing about 850 MW have already switched from their former utility to new open access suppliers.
 
“From what I know among some of the contestable customers, they told us that they seem to have a good deal with the various retail electricity suppliers that they were able source from,” Petilla said.
 
“They were able to get a good deal because of the completion, what they are paying now is lower as compared to what they were paying before. So it is significant to the large users and locators in the Philippines, they can contract their own power,” the energy chief added.
 
Aboitiz said more contestable customer switches should be expected this year given the success of the RCOA so far.
Rating: 
No votes yet
Twitter icon
Facebook icon
Google icon
LinkedIn icon
Pinterest icon
Reddit icon
Yahoo! icon
e-mail icon

Column of the Day

Sad InfinItems

By DAHLI ASPILLERA | May 26,2017
418 View(s) 0 Comment(s)
‘Week of terrorist activism. Lobby money vs Gina Lopez. Mariano, Taguiwalo--Quo vadis? Killer drivers caused 24,565 crashes years 2014-16.’

Opinion of the Day

Grilled tahong, anyone?

By DAHLI ASPILLERA | May 29, 2017
114 View(s) 0 Comment(s)
‘The Pinoy “Longline” for tahong-growing is just one of the many R&D initiatives supported by PCAARRD in response to its commitment to Outcome One.’