By:
Melvin Gascon 05:26 AM February 03, 2019
The Energy Regulatory
Commission (ERC) should now go full blast in probing seven allegedly anomalous
power supply agreements (PSAs) entered into by Manila Electric Company
(Meralco), which have been pending at the commission for the past three years,
militant lawmakers said on Thursday.
Akbayan Rep. Tom
Villarin said the ERC no longer had any reason to sit on the petitions as it
was on its way to being complete again after the appointment of three
commissioners to posts left vacant last year.
“The newly constituted ERC with full
membership should go full throttle on investigating all deals that is not to
the best interest of consumers,” Villarin said in a statement.
Coal plants
He said the
multitrillion-peso PSAs, which involved deals on coal-fired power plants, were
filed at the ERC in 2016 by generation companies affiliated with Meralco.
These projects included
the Atimonan One Energy Inc. and Central Luzon Premiere Power Corp., both in
Quezon province, which are building a 1,200-megawatt (MW) plant and a 528-MW
plant, respectively; Global Luzon Energy Development Corp. (600 MW) in La
Union; Mariveles Power Generation Corp. (528 MW) in Bataan; St. Raphael Power
Generation Corp. (400 MW) in Batangas; Redondo Peninsula Energy Inc. (225 MW)
in Zambales; and Panay Energy Development Corp. (70 MW) in Iloilo province.
Villarin said the ERC
owed it to consumers to stop “unjust” charges borne out of the power deals.
The ERC, the lawmaker
said, “should be independent and critical of all applicants for energy power
generation supply and distribution” which “tend to create monopolies and
control of the market.”
Bayan Muna Rep. Carlos
Isagani Zarate urged the ERC to study the findings of the House investigation
on the supposed “sweetheart” power deals.
House findings
“During the House
hearings, it was shown and proven that the seven power supply agreements were
actually filed beyond even the extended deadline,” Zarate said in another
statement.
Zarate, who initiated
the House probe in 2017, said consumers would shoulder P930 billion in
additional rates within the 20- to 21-year duration of the PSAs should the ERC
approve these.
He said ERC must compel
power distributors to submit PSAs to a competitive selection process (CSP).
CSP is a bidding
process mandated by a Department of Energy circular.
ERC chair Agnes
Devanadera had reportedly cited lack of quorum at the commission for the delay
in action on the controversial PSAs.
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