Category: Business

MERALCO’S DIRTY TRICK

Selling power to itself; There is no shortage. by Bernie V. Lopez (eastwindreplyctr@gmail.com) A recent Committee on Energy hearing revealed that Therma Mobile (Aboitiz) sold power exclusively to Meralco at a low price of about P16 per kilowatt hour (kwh) at the Wholesale Electricity Spot Market (WESM). Meralco then turned around and sold it to itself […]