Thursday, June 1, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News National

House told to hasten probe on power firms

Maricel CruzbyMaricel Cruz
November 30, 2020, 11:05 pm
in National
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

A party-list organization belonging to the Makabayan Bloc in the House of Representatives and a consumer advocacy group on Monday urged the House Committee on Energy to expedite its investigation on the alleged over-recovery of power distributors.

Bayan Muna and Matuwid na Singil sa Kuryente Consumer Alliance Inc. alleged that there were “significant discrepancies” that they detected in the power distributors’ declarations to the Energy Regulatory Commission as well as in the annual reports and audited financial statements submitted to various regulatory agencies.

Bayan Muna Chairman Neri Colmenares said they were concerned that this was a violation of the regulatory rule that power generation would only be a pass-on charge to the consumers.

The groups cited data culled from the monthly filings of generation costs to the ERC from 2008 to 2019, annual reports and audited financial statements of power distributors for the same years.

“The ERC and the Commission on Audit should fast-track their audit of the sales and purchases of distributors, validated from the records of each of their power generation suppliers including the WESM, and to require Meralco’s explanation for these discrepancies,” MSK convenor David Celestra Tan said.

The consumer group expects that a validation of all these numbers can lead to the correction of the distribution charges to power users.

Last August, the groups said Meralco purchased only 33.585 billion kwh of power in 2019 from all its generation sources, including WESM, but reported purchased power of 46.871 billion kwh in its annual report.

The discrepancy was 13.03 billion kwh.

The groups said the value of their generation purchases was P179 billion as disclosed to the ERC and the consumers, but declared purchased power cost of P241 billion in their audited financial statements. The discrepancy in peso value was P66.173 billion for 2019 alone.

The groups added that the effective DSM or distribution, supply, and metering revenue of Meralco in 2019 was P2.05 per kwh compared to the ERC-approved P1.38 per kwh, an apparent over-recovery by 49 percent.

Tags: Bayan MunaHouse of RepresentativesMakabayan BlocMatuwid na Singil sa Kuryente Consumer Alliance Inc.Neri Colmenares
ADVERTISEMENT
Maricel Cruz

Maricel Cruz

Related Posts

China blames US ‘provocation’ for fighter jet incident in SCS

byAFP
June 1, 2023, 12:15 am
0
8
Sweet dreams are made of these: Tips to achieve great sleep every night

Beijing blamed US “provocation” Wednesday for an incident last week when a Chinese plane crossed in front of an American...

Read more

Divorce is still long shot in the Philippines

byAFP
May 31, 2023, 11:50 pm
0
8
Southwoods nails Seniors’ Fil golf crown

Mother-of-three Stella Sibonga is desperate to end a marriage she never wanted. But divorce in the Catholic-majority country is illegal,...

Read more

Three die in four-vehicle smashup at SCTEX in Mabalacat, Pampanga

byDarwin G. Amojelar
May 31, 2023, 11:40 pm
0
8
Three die in four-vehicle smashup at SCTEX in Mabalacat, Pampanga

Three people were reported killed in a multiple-vehicle accident in a portion of the Subic - Clark - Tarlac Expressway...

Read more

CA okays appointments of 86 soldiers, 7 diplomats

byMacon Ramos-Araneta
May 31, 2023, 11:30 pm
0
8
CA bypasses appointments of Pascual, Lotilla

The powerful Commission on Appointment (CA) on Wednesday gave its nod to the promotions of 86 senior officers of the Armed...

Read more

Nine OFWs home after rescue from Thai, Myanmar crime rings

byVito Barcelo
May 31, 2023, 11:20 pm
0
8
BI’s task is to check travel documents, Tansingco says

At least nine overseas Filipino workers (OFWs) who were victims of a human trafficking syndicate were repatriated after being rescued...

Read more

BARMM Speaker eyes presidential pardon for Candao

byNash B. Maulana
May 31, 2023, 11:10 pm
0
8
Southwoods nails Seniors’ Fil golf crown

COTABATO City—The Speaker of the Bangsamoro Parliament has issued a statement saying a former governor of the Autonomous Region in...

Read more

Print Edition

View More

Recent Posts

  • NATO chief to visit Ankara in ‘near future’ to push Sweden membership 
  • Taiwan, US to sign trade deal: Taipei
  • Chinese fans welcome ‘Comrade Musk’
  • Two children killed in Russian strike on Kyiv
  • US House votes to avert default, setting up Senate showdown
  • M[email protected]: Leading the Way to a Resilient and Sustainable Future
  • MSD in the Philippines reaffirms commitment to end cervical cancer
  • Cavite City relives first waving of the Philippine Flag  

Advertisement

Latest News

M[email protected]: Leading the Way to a Resilient and Sustainable Future

byManila Standard Digital
June 1, 2023, 9:32 am
0
8
Makati@353: Leading the Way to a Resilient and Sustainable Future

Read more

MSD in the Philippines reaffirms commitment to end cervical cancer

byManila Standard
June 1, 2023, 9:20 am
0
8
MSD in the Philippines reaffirms commitment to end cervical cancer

Cervical cancer is the second most common cancer type and the second most common cause of cancer death in women...

Read more

Cavite City relives first waving of the Philippine Flag  

byManila Standard
June 1, 2023, 9:14 am
0
8
Cavite City relives first waving of the Philippine Flag  

Historical reenactors of the Republica Filipina Reenactment Group (RFRG) role play the first waving of the Philippine Flag at a replica of...

Read more

Aggao Nac Cagayan starts today, highlights victory of Cagayano spirit

byThe Standard
June 1, 2023, 9:00 am
0
8
Aggao Nac Cagayan starts today, highlights victory of Cagayano spirit

By Jessica M. BacudTUGUEGARAO CITY, Cagayan – The Local Government of Cagayan kicked off its 440th Aggao Nac Cagayan celebration...

Read more

Butler says Heat-Nuggets furore in past

byAFP
June 1, 2023, 9:00 am
0
8
More fireworks as Heat, Celtics clash in Game 7

Jimmy Butler said there was no lingering bad blood between the Miami Heat and Denver Nuggets on Wednesday as the...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App