Supreme Court stops Meralco from implementing rate hike for 60 days
We can heave a sigh of relief...for now.
Camille Diola of Philstar.com reports that the Supreme Court has prevented the Manila Electric Company (Meralco) from implementing its planned P4.15 per kilowatt hour rate increase by issuing a 60-day temporary restraining order (TRO).
The report noted that the TRO "does not cover the power firm’s bills for December." The Supreme Court has set oral arguments on the record hikes planned by Meralco on January 21. Last week, the Energy Regulatory Commission ordered the power utility firm "not to implement further increases in its generation charge for January 2014 after the increase in the generation charge for December 2013 of P3.44 per kilowatt-hour."
Meralco president Oscar Reyes earlier warned that delaying the implementation of the rate increase "would only prolong the consumers’ agony as the power firm needs to purchase electricity from a wholesale provider."
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