ERC loses last legal bid to stop rebidding of power supply contracts
The Supreme Court has affirmed its ruling requiring all power supply agreements to go through competitive bidding.
The case stemmed from complaints lodged against Manila Electric Co. and its power generation subsidiaries, for their alleged sweetheart deals with the government.
The lawmakers claimed the power supply agreements would jack up rates as Meralco could control the pricing for both the generation and distribution segments.
Bayan Muna said the power firm is setting tight deadlines for the bidding to make it difficult for other power providers to reasonably bid for supply agreements.
“Meralco is rushing the bidding of the three contracts on September 11, 2019 when in fact the supply project is scheduled in 2024. Why the sudden rush? This rush makes it nearly impossible for bidders to make a sound and intelligent bid with barely a month to prepare, unless the supplier was given advance information by Meralco,” the party-list group added.