Meralco could cut rates – think tank

MILLIONS of Manila Electric Co. (Meralco) consumers could enjoy lower power rates if Meralco and generation companies halted the power supply agreements (PSAs) between them, according to a Hong Kong-based energy think tank.

Lantau Group of Hong Kong warned on Tuesday that non-approval of the Meralco PSAs would result in what it considered a “contracting gap” which would allow “cheaper options to creep into those gaps.”