Even as the Supreme Court has yet to decide on petitions against its November-December rate hike, Meralco is asking for the approval of a “provisional” hike, reasoning that the second tranche of the stalled rate hike is not covered by the high court’s TRO.
Since the inception of the Wholesale Electricity Spot Market, there were only five times when the bid offer went up to P62, but this is the first time that a generating company (Therma Mobile or TMO) was able to sell at that high a price.
Lights off on Feb. 17 from 7:00 p.m. to 8:00 p.m., a big rally at the Supreme Court on February 18.
MANILA – Members of progressive youth group Anakbayan-National Capital Region and consumers’ group #StrikeTheHike Network stormed Gate 7 of Malacañang Palace on Monday, Feb. 10 on the eve of the scheduled oral argument on Meralco’s power rate hike at the Supreme Court today, Feb. 11. The groups protested the inaction of President Benigno S. Aquino…
By BENJIE OLIVEROS Bulatlat perspective In December of 2013, when Meralco’s petition for a rate hike was approved, Malacañang scrambled to justify it. Communications Secretary Herminio Coloma said the rate hike is neither “arbitrary nor unreasonable.” Coloma echoed Meralco’s justification that the rate increase would be “temporary” because of the “maintenance shutdown of the Malampaya…
Protesters dislike the increase-now, explain-later attitude implied by actions of government regulators.
“We find it revolting that Meralco is the No. 1 corporation in the country in terms of profits while the Philippines is No. 1 in Asia in terms of costly electricity rates.”
Ni MARK ANGELES Bulatlat.com Sandali. Bakit kailangang tayo pa ang magtipid para lang mamantikaan ang kanilang mga bibig? Meralco. Ang liwanag ng kulimbat. Para tayong kinukuryente sa bayag. Kaya heto ang liham ng pasasalamat: Mahal kong Meralco, nakita mo ang nangyari sa nahuling akyat-bahay? Ganyan din ang aabutin mo ‘pag makuyog ng taumbayan.
“It is simply callous and insensitive for big business and the government to connive and bring forth this pestilence to the people just weeks after our nation suffered from Typhoon Yolanda, and mere days before Christmas.” – Kabataan Rep. Terry Ridon
By BENJIE OLIVEROS Bulatlat perspective Prices of oil products and LPG have been increasing monthly this last quarter. The latest increase in LPG was the heftiest, jacking up prices by P140 – P157 ($3.18 to $3.56) per 11-cylinder tank. Also electricity rates would increase by P4.14 ($0.09) per kWh or an additional of P830 ($18.86)…
The government is insensitive to our plight and let big corporations like Meralco to profit even from the poorest people.”