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Probe on high power rate sought

Bagong Henerasyon Party-list Representative Bernadette Herrera-Dy is seeking an investigation into the high cost of electricity in the country.

Dy says, it is about time Filipinos stop accepting the reason supposedly being given by power distributor Meralco that pricing is affected by spot trades at Wholesale Electricity Spot Market (WESM).

She says, WESM is always being blamed for high electricity cost when it may not really be the real culprit.

The lawmaker also says, government must scrutinize the cross-ownership of power generation plants and power distribution firms.

Dy cites a Japan-based research group that showed Philippines has among the highest prices of electricity in Asia.

She filed a resolution seeking a probe by the House of Representatives on this problem.

 

 

Topics: Electricity , Power rates , Bernadette Herrara-Dy , Bagong Henerasyon , Business
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