Uh-oh, somebody’s mad.
“President Noynoy Aquino on Tuesday, Jan 14, said the PHP8 per kilowatt-hour increase sought by the Manila Electric Co. (Meralco) was too high, and could have been reduced if the company planned ahead for the shutdown of the Malampaya natural gas plant,” reports Joyce Pangco Panares in Manila Standard Today.
“We’ve already had two meetings on the Meralco increases. The Malampaya shutdown is not an unusual event. It happens every two to three years. It is a foreseeable event,” Aquino said in an interview during the sidelines of the groundbreaking ceremony of the San Gabriel Power Plant in Barangay Sta. Rita in Batangas. We don’t think the price increase that is being charged is commensurate to what should have been the case,” Aquino said.
He also added: “You (Meralco) know that your power producers will not be able to produce, then you have to find a substitute. So you could have prepared for it; you should have prepared for it.”
Screengrab from ANC newsclip
