- Posted January 11, 2014 by
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Philippines tied to power problem
In a televised interview over the state-run PTV4, Presidential Communications Operations Office Secretary Herminio Coloma Jr. said the government must find ways to ease the burden of the power rate hike to consumers.
Coloma said power industry players, such as Meralco and other power producers, know that their businesses are imbued with public service and public interest and they must act in favor of public good.
With regards to high energy cost in the country that discourages investors to come in, Coloma said there is a need to study the existing power industry structure in the country to find a solution.
He revealed that there is an Energy Development Plan being carried out to ensure sufficient supply of electricity in the country which includes the use of renewable energy sources.
The Supreme Court issued last month a 60-day halt order on the P4.15 per kilowatt-hour increase by Meralco.
The high court’s order is aimed at stopping both the Energy Regulatory Commission (ERC) and Meralco from implementing the power rate increase.
Oral arguments have been scheduled for Jan. 21, 2014.