Meralco: RE policy bad for electricity firms, users

A proposed renewable energy (RE) policy will force distribution utilities (DU) to choose a more costly power source instead of cheaper one, a move that would negatively impact consumers, Manila Electric Co. (Meralco) claimed.

In a position paper submitted to the Department of Energy (DoE), Meralco said the policy—the Renewable Portfolio Standards (RPS)—“will create an artificial sellers’ market, to the detriment of consumers, and disregards the least cost mandate of DUs.”