No to Corporate Impunuty and Abuse by MERALCO and Complicity by ERC! No to Illegal Interim Rates for MERALCO; No Legal Basis for MERALCO Rates Today
The Freedom from Debt Coalition (FDC) warns that another case of corporate abuse and impunity by MERALCO is about to be committed at the expense of the long-suffering electricity consumers with the power company’s recent application with the Energy Regulatory Commission (ERC) of the so-called “interim rates” in order to remedy the company’s failure to reset its power rates and charges, as required by the ERC rules, every four years.
FDC asserts that the interim rates applied for by MERALCO in ERC Case No. 2015-112RC and its capital expense program proposed in ERC Case No. 2015-016RC are illegal, highly irregular, alarming and anomalous.
Freedom from Debt Coalition
The Freedom from Debt Coalition (FDC) – Philippines is a nationwide multi-sectoral, non-sectarian and pluralist coalition conducting policy advocacy work and campaigns to realize a common framework and agenda for economic development.