Not known to many, our beloved state-owned near-monopoly electricity producer National Power Corp., or Napocor, is asking the Energy Regulatory Commission, or ERC, for an increase in its basic rate by P0.3685 per kilowatt-hour (kWh).
So, finally, the House of Representatives’ energy committee drops the contentious proposal to amend the Electric Power Industry Reform Act, a.k.a. EPIRA.
FOR THE past three years, the state-owned monopoly Napocor has been fooling the public, and nobody in Congress has made even just a pipsqueak about it, much less lifted a dirty finger against it.
