THE Manila Electric Co. (Meralco) dictated prices at the Wholesale Electricity Spot Market (WESM) through Therma Mobile’s suspicious biddings when the Malampaya gas complex shut down, an opposition lawmaker said on Thursday.
Citing documents from the WESM, Bayan Muna Rep. Neri Colmenares said Aboitiz-owned Therma Mobile sold 100 megawatts (MW) of power, which was supposed to be under contract with Meralco, to WESM for P62 per kilowatt hour for 71 times in November and December.
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