Meralco is at it again, projecting supposed electricity rate hikes for this February and the following month of March.
Wait, did you say March?
On Friday (February 10), Bayan Muna Rep.Carlos Zarate couldn’t help but throw shade at the power utility for announcing P0.92 per kilowatt hour (kWh) rate increases for this month and the next because of oil price fluctuations.
“Why does Meralco already have a power rate computation for March when billing for that month ends only in February 26 and it is only February 10 today? How can they pre-compute impact if they don’t even have billings from suppliers?” asked the leftist solon.
“May bolang kristal po ba ang Meralco para dito?” Zarate added.
The politiko also argued that oil price movements should be the least of consumers’ concerns.
“Oil price fluctuations and foreign exchange discrepancies are business risks that distribution utilities like Meralco should take and not pass on to consumers,” Zarate said.
“Besides the fuel being used for power production now [was] purchased at least a month ago and the price of oil then was much lower.”