Lawmaker warns vs higher prices due to power woes | Inquirer News

Lawmaker warns vs higher prices due to power woes

/ 04:32 AM June 21, 2021

MANILA, Philippines — The unstable Luzon power supply if left unchecked could drive up food prices and stall economic recovery, Makati City Rep. Luis Campos Jr. warned on Sunday.

Campos said the Wholesale Electricity Spot Market (WESM) prices increased to an average of P9.29 per kilowatt-hour when the Luzon grid was put on red alert from May 31 to June 2, or 171 percent higher than the average WESM price of P3.42 per kWh from January to April.

ADVERTISEMENT

“We are gravely worried that the prospect of red and yellow alerts over the Luzon grid in the weeks ahead might drive up the cost of electricity and put more upward pressure on food prices,” he said in a statement. Campos said higher electricity rates and possible supply disruptions could adversely affect power-intensive industries, such as food manufacturing.

—Nestor Corrales
FEATURED STORIES

News handpicked by our editors

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Luis Campos Jr., Luzon Power Supply, rising prices
For feedback, complaints, or inquiries, contact us.

News that matters

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.



© Copyright 1997-2023 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.