• RATE HIKE TO JOLT MERALCO CONSUMERS

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    Manila Electric Co. (Meralco) consumers will get an electrifying shock this month as the power company will implement a significant power rate increase owing to the maintenance shutdown of the Malampaya natural gas plant, which supplies power to huge areas in Luzon.

    Meralco said that power rates may be raised by more than P2, or up to P2.50 per kilowatt hour. This would mean a P500 increase in the electricity bills of a typical household consuming an average of 200 kilowatt-hours a month.

    Meralco said that the power rate increase would have been lower if other power plants had not been put out of commission.

    “This year, the effect of the Malampaya pipeline shutdown was compounded by the outage of several large power plants,” Meralco utility economics head Lawrence Fernandez said.

    “We just reiterated our prior advisories for customers to expect significant generation charge increase this December. Based on previous experiences, the generation charge spikes up whenever the Malampaya pipeline goes on extended shutdown,” Fernandez said.

    The generation charge, a component of consumers’ electricity bills, is the cost of power Meralco buys from suppliers. The Malampaya maintenance started on November 11 and is expected to last until December 10.

    Energy Secretary Carlos Jericho Petilla earlier warned that the Malampaya shutdown will trigger a significant price hike.

    A Meralco official previously explained that Malampaya will continue to operate except that it will run using an expensive liquid fuel instead of natural gas.

    “That will be one of the reasons that the generation charge will increase, the higher price from Malampaya, and the second is potentially higher WESM [wholesale electricity spot market]prices,” Oscar Reyes, Meralco president, said.

    “The problem is we don’t know how the WESM will behave. The WESM movement is very volatile,” he added.

    Ivanna Dela Pena, also of Meralco said that prices will peak in December, taper down in January, and will hopefully normalize in February.

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    5 Comments

    1. This is the fault ERC, theybshould not give Malampaya under maintenance at same with other generating plant under maintenance, i dont knowthis ERC doing, is the Aquino a share holder of PPP power plant? Thats why they allowed the shotdown of this two big generating plant? This administration want the to die, lahat na lang tumaas at wala man lang ginawa itong pamahalaang ito, puro pahirap sa taong bayan, lahat ng kamalasan inabot natin sa panahong ito, kawawang mahal kung bayan, Lord ikaw na po bahala sa kanilang kapalpakan

    2. PHILIPPINE NATIONAL POLICE utilized and hold on to their P20 Million Fund to repair the recent Zamboangga siege crisis.

      MERALCO – Pass on to the pockets of their consumer the P20 Million Maintenance-Repair Fund of their Power Generating Plant. A Yuletide Season Robbery gimmicks!

    3. wala na talagang nangyayari sa bansa natin kundi puro pagtataas na lang ng mga goods & services…kung magtaas naman ng sahod hindi pa kasya sa pamasahe sa jeepney…mga negosyante & pulitiko lang ang gumiginhawa sa atin..kawawa naman tayo…

    4. Apolonio Reyes on

      Why do Malampaya schedule their maintenance during or near winter in Europe and the Americas as they knew very well that prices of fuels particularly LPG and Diesel increases during this time of the year. ANO BA ANG GINAGAWA NG INUTIL NA DOE AT ERC? TUMANGAP LANG BA NG REGALO SA MGA OIL COMPANIES DURING CHRISATMAS AT APPROBAHAN ANG PRICE INCREASE? SEC. PETILLA & CO GISING-GISISNG ! HIRAP NA ANG MAMAMAYAN SA TAAS NG PRESYO NG LAHAT AT KAYO KASAMA SI PNOY PANGITI NGITI LANG SA TV.

      • buti pa nga ata matulog na lang mga iyan, baka ma less pa ang problema.pag gising kasi ng mga iyan walang iniisip kundi sarili nila, magpayaman at magpapogi, sumunod sa gusto ng mga naglalagay sa kanila..sana matulog na lang sila ng tuloy tuloy..sa halip pala na makatulong sa taumbayan ang malampaya na iyan, nakakagipit pa…