Marcos: Gov't working to stop power rate hike after San Miguel TRO

President Ferdinand "Bongbong" Marcos Jr. said Tuesday that his administration was working at preventing an immediate surge in power prices following the Court of Appeals decision to temporarily suspend the power supply agreement between San Miguel Corp. subsidiary South Premier Power Corp. and the Manila Electric Company ."'Yung worry ko lang itong nangyari sa... 'yung TRO na binigay ng CA doon sa [power supply agreement] ng San Miguel at saka Meralco..

"If we could postpone, padahan-dahan natin... kung tataas, dahan-dahanin natin ang pagtaas, masyado nang nahihirapan ang tao," Marcos added.on the matter, noting that the temporary restraining order against the PSA would have an “extremely deleterious effect” on power rates.The petition stemmed from the Energy Regulatory Commission’s decision on September 29 to

''Yun ang inaano namin ngayon, 'yun ang talagang tinatrabaho namin ngayon, na hindi tumaas ang [power prices], not for this Christmas man lang,' Marcos told reporters.

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