Do the math: Neri says Malampaya shutdown doesn’t justify power rate hike
Former Bayan Muna Party-list Rep. Neri Colmenares stressed Tuesday, December 20 that the impending shutdown of the Malampaya natural gas facility doesn't give a logical reason for a power rate hike.

Do the math: Neri says Malampaya shutdown doesn’t justify power rate hike

Share on facebook
Share on google
Share on twitter
Share on linkedin

Former Bayan Muna Party-list Rep. Neri Colmenares stressed Tuesday, December 20 that the impending shutdown of the Malampaya natural gas facility doesn’t give a logical reason for a power rate hike.

“The rate increase is unjustified because Malampaya and the gencos should not be allowed to shutdown yearly to the detriment of the people,” he said in a statement.

“With 11201 megawatt (MW) supply and a demand of 7541 MW in Luzon there is more than enough to cover the 2800 MW loss due Malampaya shutdown. The 3660 surplus is more than enough to cover the loss,” underscored the former politiko.

Malampaya is scheduled to undergo a 20-day maintenance shutdown from January 28 until February 16.

It is feared that the event would lead to a repeat of the 2013 debacle wherein electricity rates shot up significantly due to a similar shutdown.

However, Meralco and the Department of Energy (DOE) have told electricity customers that they will try to avert the possibility of power rate hikes.

“We urge the Supreme Court to resolve our petition to void the 2013 rate increase because of market abuse by gencos and Meralco. We also demand that the ERC (Energy Regulatory Commission) publish its report on the 2013 Malampaya shutdown and penalizes gencos for overpricing rates and overcharging consumers,” Colmenares said.

Trending News

You may also like

Leave a Comment

POLITIKO / Live!

Share on facebook
Share on twitter
Share on reddit
Share on whatsapp
Share on email

POLITIKO / Across the Nation

Trending News

MCD MULTI MEDIA/ Network

Weekly Sports News

    Sign up for our Newsletter

    We are a social news blog where politikos, their kin, friends and allies are the center of the universe. We write about their words and deeds, likes and dislikes, dreams and fears. We are here to entertain, provoke and hopefully inform you along the way.

    Disclaimer