Manila to adjust electricity prices this month

January 09, 2013 - 12:35:51 am

 

MANILA:  Electricity rates in areas serviced by the Manila Electric Co (Meralco) are expected to go up this month due to price adjustments in the wholesale electricity spot market (WESM).

Last month’s load-weighted average price rose by P0.64 per kilowatt-hour (kwh) from November. WESM is a market for trading of electricity as commodity.

An industry source said supply constraints last month pushed prices up even as power consumption remained stable from November to December.

The Ilijan and Sta Rita natural gas plants in Batangas went on scheduled power outage last month as part of preventive maintenance.

In addition, the Masinloc coal-fired power plant in Zambales also went on power outage during the period, adding to the tight supply situation.

 

China train derails in test run, one dead

BEIJING: A subway train derailed yesterday in a test run on a new line in southwestern China, killing one driver and injuring another, state media reported.

The first carriage of the train ran off the tracks in the city of Kunming in Yunnan province at 9:09am (0109 GMT), the China News Service said. There were no passengers on board.

One driver was struck by falling heating equipment in the driver’s cabin and died, while another was slightly injured and taken to hospital, the report said, citing the subway’s operator, state-owned Kunming Rail Transit Co.

The city government was investigating the cause of the accident, it added.

Chinese authorities have long been accused of compromising safety in their rush to develop the country’s vast transport network.

 

Seoul to expand nuclear energy

SEOUL: South Korea has no option but to expand its nuclear power plant programme despite growing public concern over safety in the wake of Japan’s Fukushima disaster in 2011 and a series of scares that closed two reactors last year.

The proportion of South Koreans who considered nuclear power safe fell to 34.8 percent in a survey conducted in November and published on Tuesday, down from 40 percent in April 2011 and 71 percent in January 2010, the Ministry of Knowledge Economy said.

The ministry has been sharply criticised for its role as regulator and operator of the country’s nuclear power plants, and one of its subsidiaries was accused of suppressing negative public opinion after the Fukushima disaster by not publishing polls. 

Agencies

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