Business and Economy
Aboitiz unit rejects PEMC findings
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MANILA — A subsidiary of AboitizPower, the power generation arm of the Aboitiz Group has rejected the findings of market operation Philippine Electricity Market Corp. (PEMC).
PEMC has recently released its findings on the company’s power dispatch after an investigation on Therma Mobile Inc.
(TMO), in the dispatch of its power barges during the November to December 2013 supply period.
The probe was conducted following the rise of the generation charge of Manila Electric Co.
(Meralco) at P9.10 per kilowatt-hour in December 2013.
“As a result of the Meralco price hike case brought before the Supreme Court, the Supreme Court ordered the Energy Regulatory Commission (ERC) to investigate anti-competitive behavior and abuse of market power allegedly committed by some WESM participants.
As such, PEMC conducted the investigations under the “Must Run” and “Must-Offer” rules of the WESM,” PEMC said.
However, TMO denied PEMC’s claims adding that they have followed all the rules and delivered all its available capacity to Meralco.
“We are very concerned that the decision of PEMC’s investigating unit did not consider the realities that TMO faced to deliver the much needed 100 MW for its customer, Meralco,” TMO president and COO Jovy P. Batiquin said.
