The National Association of Electricity Consumers for Reforms Inc. (NASECORE) slammed the Energy Regulatory Commission’s rejection of the joint power rate hike petition of the Manila Electric Company (Meralco) and San Miguel’s power units.
The National Association of Electricity Consumers for Reforms Inc. slammed the Energy Regulatory Commission’s rejection of the joint power rate hike petition of the Manila Electric Company and San Miguel’s power units.
The companies sought the ERC’s thumbs-up for a provisional generation rate of P4.045 per kilowatt-hour to P5.41/kWh without “any escalation clause” which could have increased rates by about 32%. “It so happens that these other suppliers have ‘pass-thru’ provisions in their PSAs [power supply agreements] which allow for automatic price adjustment/escalation,” he added.Sought for comment, Meralco said it “has always been transparent in its generation charge computation, which is posted on its website and was even used as reference by Mr. Ilagan.”
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