DOE, ERC inutil! Raffy Tulfo slams ‘immoral’ profiteering of gencos

Senator Raffy Tulfo has called out power generation companies for their alleged unconscionable greed, which he said has led to exorbitant bills for consumers.

During a virtual meeting with officials of the Energy Regulatory Commission (ERC) and Department of Energy (DOE) on May 1, Tulfo urged the government to step in to stop the supposed excessive profiteering of gencos.

“Kaya sobrang mahal ng kuryente sa Pilipinas ay dahil matagal na pala tayong piniprito sa sarili nating mantika ng mga gahamang energy generation company,” he said in a statement. “Kahit mura ang pagkabili ng suplay nila ng coal, sky is the limit sila kung tumaga para sa kita.”

“Imoral na ang kanilang pagpatong ng tubo sa binibili nilang coal,” Tulfo added.

The senator said power prices in the Philippines should be following an international downtrend, but this has not been observed recently.

“One of the reasons why many foreign investors are hesitant to set up their business in the Philippines is because of the expensive electricity cost,” he added.

Tulfo said he will soon set a Senate hearing to get details on the country’s power supply and problems.

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