According to the P4P, the PSAs concerned revolve around fixed prices, which means that the SMC also absorbs the risk of changes in fuel prices — instead of consumers.
The fixed price PSA, said the P4P, is credited for the lower electricity prices in the Meralco franchise area compared to those in areas not protected by it. Meanwhile, BMP president and P4P legal counsel Luke Espiritu explained that the petition would address one of the greatest shortcomings of the Electrical Power Industry Reform Act, or EPIRA.
“EPIRA did not provide a mechanism for consumer consultation. At the very least, we hope the CA will allow consumers to be heard, as this case is not about any simple contract. PSAs are contracts imbued with the public interest, with a direct impact on everyone, as everyone consumes electricity,” said Espiritu.
He then stressed that the case pending before the CA would have serious repercussions requiring all stakeholders to be heard to ensure the fairest decision possible.
Source: Law Daily Report (lawdailyreport.net)
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