Magtrabaho nga kayo! Zarate tells ERC to stop impending power rate hike
Facing possible abolition, the embattled Energy Regulatory Commission (ERC) was challenged by a Makabayan politiko to show that it can still fulfill its mandate.

Magtrabaho nga kayo! Zarate tells ERC to stop impending power rate hike

Share on facebook
Share on google
Share on twitter
Share on linkedin

Facing possible abolition, the embattled Energy Regulatory Commission (ERC) was challenged by a Makabayan politiko to show that it can still fulfill its mandate.

Bayan Muna Rep.Carlos Isagani Zarate on Friday (December 2) told the Commission to move toward halting power rate hikes during this holiday season when energy demand and consumption are expected to spike.

Zarate made the call even as Meralco hinted that it may impose a power rate hike in December supposedly due to foreign exchange adjustments and increase of oil prices.

Specifically, the solon asked the ERC–which is currently hounded by corruption charges–“to rein in the greed of power oligarchs”.

“Meralco’s reasoning is really absurd because foreign exchange fluctuation is part of one’s business risks and should not be passed on to consumers,” Zarate said.

“Also oil prices are still generally down compared to three years ago. Besides, the oil stocks they have are at least three months old, meaning they were bought at lower prices so why should they increase their power rates?” he further pointed out.

Zarate accused Meralco of simply trying to rake in more profits. #

Trending News

You may also like

Leave a Comment

POLITIKO / Live!

Share on facebook
Share on twitter
Share on reddit
Share on whatsapp
Share on email

POLITIKO / Across the Nation

Trending News

MCD MULTI MEDIA/ Network

Weekly Sports News

    Sign up for our Newsletter

    We are a social news blog where politikos, their kin, friends and allies are the center of the universe. We write about their words and deeds, likes and dislikes, dreams and fears. We are here to entertain, provoke and hopefully inform you along the way.

    Disclaimer