MANILA Electric Co. (Meralco) wants to charge its customers more to
recover transmission
fees it already paid the country’s power grid operator.In a
petition filed before the Energy Regulatory Commission (ERC), the
country’s biggest electricity distributor proposed to get back the
transmission under-recoveries of about P0.03 per kilowatt-hour
starting this month’s billing period.
This translates to roughly a total of P2.59
billion, including interest over a three-year period. This amount is
equivalent to less than a fifth of Meralco’s anticipated profit
for this year alone under its new performance-based rate-setting
scheme.
SMALL telecom players want the National Telecommunications
Commission (NTC) to limit the allocation of high frequencies to big
carriers so broadband wireless Internet can be offered in the
countryside.
METRO Pacific Tollways Corp. (MPTC) is in talks with the Japanese
government for a loan to partly finance a multibillion-peso road
connecting the North Luzon Expressway (NLEX) and South Luzon
Expressway (SLEX).
THE Department of Energy (DOE) expects the already delayed operation
of the Wholesale Electricity Spot Market (WESM) in the Visayas to
push through within the year.
ALLOW me to break your weekly dose of buzzwords by giving you my new
collection of Elbonomics. Now, brace yourself for this list which I
have discovered these past six months while I was glued to the
evening news:
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