Energy consumer advocacy group Power for People Coalition on Thursday expressed concern over the $3.3 billion liquefied natural gas deal among three of the Philippines’ most influential companies as it could lead to higher power costs.“For now, P4P urges both the Energy Regulatory Commission and the Philippine Competition Commission to take action to protect the interest of consumers,” P4P convenor Gerry Arances said in a statement on Thursday.
GMA News Online reached out to San Miguel, Meralco, and Aboitiz groups, but responses were not immediately available.Meanwhile, another consumer group, Bantay Konsyumer, Kalsada, Kuryente released a statement supporting the deal which it said could actually result in lower electricity rates.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: