Petilla blames PSALM, etc. – Look who’s talking

Once again in the headlines is Energy Secretary Carlos Jericho Petilla with his latest pathetic act. He now blames the Power Sector Assets and Liabilities Management Corporation (PSALM ) and some unidentified generation companies which he seems to be afraid to mention for the record-high power rate hike last December 2013.

Petilla accuses PSALM , etc. for violating Wholesale Electricity Spot Market (WESM) rules and in effect, engaging in anti-competitive behavior, namely, the real time dispatch ( RTD ) and the must-offer rule (MOR ) by not submitting offers or not complying with dispatch schedules, thus withholding generation capacities. He zeroed in on the 650 megawatt Malaya Thermal Power Plant, an outdated and poorly maintained power plant controlled by PSALM.