IN an uncharacteristically favorable decision for consumers, the Energy Regulatory Commission last Monday rejected a joint petition by electric distributor Meralco and generator SMC Global Power Holdings Corp. to increase the price of electricity set forth in their 2019 power supply agreement .
would sell the electricity it generated to Meralco at a constant price throughout the terms of the contract.However, due to the energy price crisis of last year and into this year, 's request.One key point that is lost in all of this is that while world energy prices were indeed high in 2021 and most of this year, they were incredibly low during the pandemic-affected year of 2020.
has stated that it is 'exploring legal remedies' to the ERC's rejection of the petition, which we might guess would mean seeking relief from the Supreme Court. For Meralco's part, it has suggested that the decision might result in
ERC please bantayan nyo ang mga galaw ng SMC at Meralco. Nakaka-concern yung gusto nilang pag-bypass ng desisyon.
Pakitanong sa San Miguel kung magkano ang kinita nila magmula nung 2019 hanggang bago magkagyera sa Ukraine. Baka lampas lampas pa sa sinasabing lugi nila.
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