IN a country where the economy runs on imported fuel, price increases in a merciless global market are a nightmare. This brings us to challenge our heavy reliance on imported oil to fuel our power generators.

The Manila Electric Company (Meralco) is currently crossing the tight rope — on whether it will support some of its power suppliers' call to temporarily relieve them of their obligations to the Power Supply Agreement (PSA) or not. At a glance, the basis for oil price adjustment maybe sound. Oil prices in the world market is skyrocketing at an unprecedented phase due to the war in Ukraine.