Coal plantsHe 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. 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. He said ERC must compel power distributors to submit PSAs to a competitive selection process (CSP). ERC chair Agnes Devanadera had reportedly cited lack of quorum at the commission for the delay in action on the controversial PSAs.

Source: Philippine Daily Inquirer February 02, 2019 21:22 UTC