Bound to rules
Another anomaly is that the PSA’s pricing method does not allow adjustments except for situations covered by the ‘change in circumstances’ clause.
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Daily TribuneAnother anomaly is that the PSA’s pricing method does not allow adjustments except for situations covered by the ‘change in circumstances’ clause.
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Only objective of the generation companies taking advantage of the heightened post-Covid business activities is guaranteeing profits at the expense of…
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They participated in a bid. The problem SMC Global Power faces is how to change what is contained in the terms of reference.
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Straight energy pricing protects consumers from shouldering pass-on fuel and currency exchange risks.
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PSA reviews will cut consumers free from corporate gluttons that have proliferated as economic activity picks up.
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Meralco will have no choice then but to purchase electricity from the spot market, which will mean consumers forking out money for higher monthly bills.
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SMC Global Power issued a notice of terminating the PSA on 3 October which serves as the deadline for ERC to issue its decision on the rate increase petition.
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It is ERC’s mandate to look after the welfare of consumers and shield electricity users from big business abuses.
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The P4.30 per kWh rate for Sual and Ilijan, however, has been on appeal with the Energy Regulatory Commission for adjustment.
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The drafting of the order was mostly done in secrecy and communications among the board members were only through emails or text messages with some members not…
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