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With the recent order of the Energy Regulatory Commission (ERC) declaring the power rate hike void, would show strong evidence of manipulation of prices from Meralco.
Members of the coalition composed of political organizations, party list organizations ,labor centers, unions, urban poor communities and other marginalized group staged a protest action in front of different Meralco branches in Quezon City, Marikina, Malabon, Navotas, Manila,Mandaluyong, GMA Cavite, Laguna.
The group brought a big padlock symbolizing the people’s sentiment and disgust whilst calling for the revocation of Meralco’s franchise.
Besides from the controversial power rate hike, the Coalition believes that Meralco committed numerous violations namely;
MERALCO’s violation of Contract to Sell Electricity (CSE) to NAPOCOR which cheated NAPOCOR and therefore the government of P27 billion; others claimed the amount could be P44 billion;
MERALCO skirted around and in effect defied the Supreme Court decision that corporate income tax cannot be charged by utilities to the consumers by tacking it on the weighted average cost of capital under the PBR scheme;
MERALCO attempted to increase its bill deposits despite a P26 billion accumulated bill deposit account it already has;
P24 billion grant by the ERC to MERALCO for under-recoveries or compensation for delays in the implementation of rate adjustments; and5. MERALCO short changed the consumers who were entitled to a refund under the Supreme Court 2004 decision of a P30 billion refund by offsetting the refund against current and future consumption which in effect eliminated the refund because all costs and expenses necessary for providing electricity had been and continue to be charged to consumers.
The coalition vowed to lead more protest actions in the coming days to high light its call to revoke Meralco’s franchise, so that justice should be serve accordingly.###
POWER TO THE PEOPLE COALITION