THE Power for People Coalition on Tuesday issued a plea to the Energy Regulatory Commission (ERC) to dismiss outright the motions for price adjustment filed by the Manila Electric Co. (Meralco) and SMC Global Power Holdings Corp. to increase the rates they charge for electricity.
The two giant firms are asking for an increase to cover P15 billion losses incurred by SMC Global in the operations of its 1,200-megawatt (MW) Sual plant and the 1,200-MW Ilijan power plant amid the restrictions on supply from Malampaya, and the high cost of gas and coal in the world market.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.