Malacanang is one with the public as it looks forward on the alleged collusion between power producers and energy officials as they impose the all-time high power rate increase by MERALCO.
In a press conference awhile ago, PCOO Sec. Sonny Coloma mentioned that President Benigno Aquino III is waiting for the result in the investigation of the Senate on the alleged connivance between power producers.
The Aquino administration is hoping that the Senate will have a concrete bill on how the existing laws against market abuse practices by merchants could be strengthen and that consumers will be protected.
In line with this, the Palace supports the on-going investigation of the Senate in line with the parallel investigation being conducted by the Department of Energy, Energy Regulatory Commission, Department of Justice, and Philippine Electricity Market Corporation committee on the power rate increase.
“We hope that the Senate inquiry will also lead to concrete proposals on how existing laws can be improved so that the protection of consumer welfare will be assure”, added Coloma.