Former Energy Secretary Jericho Petilla recently revealed the conspiracy between MERALCO and some big time energy players.
According to Petilla, the said agreement is one of the main reasons behind the questionable power rate hike.
The Liberal Party Senatoriable insisted that it seems that the public is being abused with connivance between MERALCO and its allied power plants.
Meanwhile, there is an impending price hike in all petroleum products next week after the oil price in the world market made a sudden spike after the four oil producing countries were asked to increase their production.
In the last four trading days on imported petroleum products, the price of Diesel has increased by Php1.35 per liter while it is Php1.09 for gasoline.
Meanwhile, refined, washed and brown sugar prices have hiked up by Php1 due to the effect of the El Nino phenomenon.