Manila Electric Co. (Meralco), which is now being accused of manipulating the price of the power it got from the Wholesale Electricity Spot Market (WESM) during the Malampaya natural gas field shutdown in November, said the allegations against them is wrong.

A report came out on Friday stating that Meralco has indeed dictated prices at WESM through Therma Mobile’s suspicious biddings when the Malampaya gas complex had shut down. This was attributed to an opposition lawmaker who was interviewed by reporters on Thursday.

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