{"id":42907,"date":"2015-02-19T14:24:16","date_gmt":"2015-02-19T06:24:16","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=42907"},"modified":"2015-02-19T14:24:16","modified_gmt":"2015-02-19T06:24:16","slug":"consumers-cautioned-that-power-rates-likely-to-shoot-up-this-summer","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/02\/19\/consumers-cautioned-that-power-rates-likely-to-shoot-up-this-summer\/","title":{"rendered":"Consumers cautioned that power rates likely to shoot up this summer"},"content":{"rendered":"<figure id=\"attachment_11468\" aria-describedby=\"caption-attachment-11468\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/power-lines-electricity.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-11468\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/power-lines-electricity.jpg\" alt=\"ShutterStock image\" width=\"1000\" height=\"667\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/power-lines-electricity.jpg 1000w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/power-lines-electricity-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/power-lines-electricity-600x400.jpg 600w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption id=\"caption-attachment-11468\" class=\"wp-caption-text\">ShutterStock image<\/figcaption><\/figure>\n<p>MANILA \u2013 Consumers have been warned by power corporations that rates are likely to increase this summer, due to the 30-day maintenance shutdown of the Malampaya natural gas plant. The month-long shutdown of the facility is scheduled to take place in March 2015, for the integration of the Phase 3 platform.<\/p>\n<p>As such, rates will probably spike by as much as P1 per kilowatt-hour,.Luis Miguel Aboitiz, the president of the Philippine Independent Power Producers Association (PIPPA), said.<\/p>\n<p>&#8220;Once the gas plants shift to liquid fuel, there&#8217;s around P1 per kWh automatic increase,&#8221; Aboitiz explained.<\/p>\n<p>&#8220;I guarantee that there will be a spike because that happens whenever Malampaya shuts down,&#8221; he added.<\/p>\n<p>Aboitiz noted, however, that the rate increase will not be \u201cas bad as 2013\u201d, on account of a \u201clower primary cap at the WESM [Wholesale Electricity Spot Market] and a secondary cap.&#8221;<\/p>\n<p>Meanwhile, Manila Electric Co. (Meralco) vice president and head of utility economics Lawrence Fernandez, pointed out that the rate increase would probably be applied in the April-May electricity bills of consumers.<\/p>\n<p>Fernandez noted, though, that the amount of increase would still be pegged \u201con the prices of fuel during that period.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 Consumers have been warned by power corporations that rates are likely to increase this summer, due to the &hellip;<\/p>\n","protected":false},"author":44,"featured_media":11468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,19],"tags":[],"class_list":["post-42907","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-business","mauthors-angie-duarte","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/42907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=42907"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/42907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/11468"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=42907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=42907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=42907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}