Meralco awaits ERC order on implementing SC ruling | Lenie Lectura and Joel R. San Juan

The Manila Electric Co. said Tuesday it would ask the Energy Regulatory Commission for guidance after the Supreme Court voided the agency’s March 2014 order that imposed regulated prices.

We are hoping that any upward adjustment in the generation cost as a result of the SC decision can be implemented at some future time to allow ERC to finish its investigation,” Valles said when sought for comment. However, the SC noted that the ERC order was issued even if it was still in the process of completing its findings on the possible abuse of market power that could have affected the prices of electricity in the market.The Court noted that the ERC also did not notify the affected parties about its investigation, in violation of their right to due process.

The SC said the ERC merely follows existing guidelines on the imposition of the generation rate in approving Meralco’s request. In a statement, former Bayan Muna Rep. Carlos Isagani Zarate who is one of the petitioners in the case, said the SC decision allowing the increase in power rate “could not have come at a worse time.”

In a decision made public last July 1, the SC held that the ERC’s decision to allow the staggered recovery of the adjustment charges while denying the request of Meralco for carrying costs was intended “to protect the interest of the consumers.”

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