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Sunday, January 12, 2014

Supreme Court Bares Power Hike Finding

 The invasion of the consumer's rights is material and substantial in that they are not afforded any  forum to examine the basis for the adjustment in generation charges, the Supreme Court said in its initial finding which led to the issuance of a Temporary Restraining Order (TRO) on Dec. 23, 2013 that stopped the ERC from implementing it's order on rate increase and barred Meralco from collecting the additional Php 4.15 per Kilowatt hour charges. The case against the rate increase will be held in oral arguments before the Supreme Court on Jan. 21, 2014. The Supreme Court cited 2 laws that mandate that electricity rates must be reasonable and transparent and must be made public. Its said that under Sec. 2 of the Electric Power Industry Reform Act (R.A. No. 9136) it is the policy of the state to ensure transparent and reasonable prices of electricity in a regime of free and fair competition and full public accountability to achieve greater operational and economic efficiency and enhance the competitiveness of Philippine product in the global market. 
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