The decision of the Court of Appeals (CA) upholds the constitutional mandate of due process that guarantees the right to be treated fairly and effectively by quasi-judicial bodies like the Energy Regulatory Commission (ERC), and in the process, assure a fair and balanced regulatory environment that equally protects the rights and interests of all stakeholders involved.
We always believed that such framework is key to fostering growth, innovation and sustainability in the country’s power industry.
It is regrettable that the ERC’s unfair decision early on to reject our joint petition with Meralco for a temporary rate hike — despite proving to be the least cost option at that time for power consumers — resulted in consumers shouldering the burden of much higher electricity rates.
However, we assure the public that we will continue to find ways to help ease the impact of the current power crisis we are facing along with other nations globally, while ensuring we sustain operations and meet our country’s evolving power needs.
We look to forge even stronger partnerships with government, consumers, and other key stakeholders to help shape a more resilient and sustainable energy landscape for all.
The decision of the Court of Appeals (CA) upholds the constitutional mandate of due process that guarantees the right to be treated fairly and effectively by quasi-judicial bodies like the Energy Regulatory Commission (ERC), and in the process, assure a fair and balanced regulatory environment that equally protects the rights and interests of all stakeholders involved.
We always believed that such framework is key to fostering growth, innovation and sustainability in the country’s power industry.
It is regrettable that the ERC’s unfair decision early on to reject our joint petition with Meralco for a temporary rate hike — despite proving to be the least cost option at that time for power consumers — resulted in consumers shouldering the burden of much higher electricity rates.
However, we assure the public that we will continue to find ways to help ease the impact of the current power crisis we are facing along with other nations globally, while ensuring we sustain operations and meet our country’s evolving power needs.
We look to forge even stronger partnerships with government, consumers, and other key stakeholders to help shape a more resilient and sustainable energy landscape for all.
San Miguel Global Power (SMGP) statement:
The decision of the Court of Appeals (CA) upholds the constitutional mandate of due process that guarantees the right to be treated fairly and effectively by quasi-judicial bodies like the Energy Regulatory Commission (ERC), and in the process, assures a fair and balanced regulatory environment that equally protects the rights and interests of all stakeholders involved.
We always believed that such framework is key to fostering growth, innovation and sustainability in the country’s power industry.
It is regrettable that the ERC’s unfair decision early on to reject our joint petition with Meralco for a temporary rate hike — despite proving to be the least cost option at that time for power consumers — resulted in consumers shouldering the burden of much higher electricity rates.
However, we assure the public that we will continue to find ways to help ease the impact of the current power crisis we are facing along with other nations globally, while ensuring we sustain operations and meet our country’s evolving power needs.
We look to forge even stronger partnerships with government, consumers, and other key stakeholders to help shape a more resilient and sustainable energy landscape for all.