The House committee on energy on Thursday has passed a resolution suspending the operation of the Integrated Mindanao Energy Market (IMEM) pending a review of its rules and regulations.
The committee members headed by Rep. Reynaldo Wali held a public hearing in Cagayan de Oro City Thursday on the request of power consumer groups to investigate the creation of the IMEM to regulate the distribution of power in Mindanao.
The resolution said the committee on energy would first conduct a comprehensive review of the IMEM rules, which the solons believed were “disadvantageous” to power consumers.
The IMEM intends to regulate the prices of energy and the power consumption of consumers, which is questionable.
For instance, the IMEM intends to charge P32 per kilowatt from diesel-powered generators to power cooperatives when bunker fueled generators only charged P12 to P13 per kilowatt, the Congressmen said.