Meralco 20-year supply deals hit

It is “unacceptable” to let the Manila Electric Company (Meralco) and its power suppliers dictate the electricity rates that their consumers would be paying for up to 20 years, a militant party-list congressman said on Tuesday.


Bayan Muna party-list Rep. Carlos Zarate said that it was to the benefit of the consumers to keep rates pegged for a long period, and that it was unacceptable to rely on the assurance of Meralco and its power suppliers.


The militant lawmaker gave this statement during the continuation of the joint House panel’s investigation on allegations the Energy Regulatory Commission (ERC) extended a deadline to comply with competitive bidding rules …

Keep on reading: Meralco 20-year supply deals hit

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