Murang Kuryente Partylist (MKP) on Monday welcomed the decision of the Supreme Court to require all power supply agreements (PSAs) submitted by distribution utilities (DUs) on or after June 30, 2015 to undergo the competitive selection process required by the Electric Power Industry Reform Act (EPIRA).
This Supreme Court decision effectively invalidates 90 or so pending PSA applications, seven of which are the onerous deals being pushed for by Meralco with generation companies (GenCos).
“This is good news. If the provisions of the law are followed, this will result in lower generation charges levied on consumers by distribution utilities like Meralco,” said MKP nominee Gerry Arances.
MKP previously petitioned the high court to join the case against these anomalous seven PSAs.
Although the victory in the Supreme Court would result in lower rates for consumers, Arances warned consumers that the battle is not yet over.
“A lot can still happen. The companies who stand to benefit from the anomalous PSAs may still file a motion for reconsideration. Even if the law will be followed, there are still many provisions in EPIRA which favor electric companies and unnecessarily burden consumers,” he said.
The energy advocate took the opportunity to criticize politicians who rode on and still ride the power issue while doing nothing. (PR)
Disclaimer
Mindanao Gold Star Daily holds the copyrights of all articles and photos in perpetuity. Any unauthorized reproduction in any platform, electronic and hardcopy, shall be liable for copyright infringement under the Intellectual Property Rights Law of the Philippines.
