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POSTS FOR "Day: January 21, 2014"

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SC asked to permanently strike down Meralco’s ‘manipulated rate hike’

SC asked to permanently strike down Meralco’s ‘manipulated rate hike’

The unprecedented hike was revealed as mostly due to Meralco’s contract with Thermo Mobile, which had bid 25 times higher than the usual rate, or the average recorded by WESM (P62 from P6 to 8 per kilowatt-hour). It was also disclosed that Meralco actually dictates and has full control over the pricing decisions of Thermo Mobile.

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