Bayan Muna Reps. Neri Colmenares and Carlos Isagani Zarate hit the Energy Regulatory Commission (ERC) decision for skirting the main issues raised by electricity consumers, ordering a new recalculation of the rate increase instead of totally voiding the rate increases.
According to Rep. Colmenares, “as petitioners and oppositors we are asking for the complete voiding of the rate increase both the P4.15 and P5.33 power rate increase for November and December 2013and not just a recomputation on the wholesale electricity spot market (WESM) prices. The issues we raised concerned artificial shutdowns of generation plants, the P62 bid of Meralco which increased the price of electricity it would buy from WESM and other forms of collusion including the under offering of the generation capacity,”
“There should be no rate increase and the P4.15 and P5.33 are void. There should be zero rate increase because of market and regulatory failure. We stand that there is collusion,” added the senior deputy minority leader.