The Department of Energy (DOE) has blamed the Wholesale Electricity Spot Market (WESM) for the unprecedented rate increase being sought by the Manila Electric Co. (Meralco).
Documents submitted by DOE officials to the Supreme Court showed that several generation companies did not offer electricity at the spot market during the crucial period when the Malampaya plant was shut down late last year for maintenance. Malampaya provides the bulk of power requirements in Luzon.
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