Read this in The Manila Times digital edition.
IN an uncharacteristically favorable decision for consumers, the Energy Regulatory Commission (ERC) last Monday rejected a joint petition by electric distributor Meralco and generator SMC Global Power Holdings Corp. (SMCGP) to increase the price of electricity set forth in their 2019 power supply agreement (PSA). SMCGP is the energy business of leading conglomerate San Miguel Corp. (SMC).
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