Meralco a greed electric company in the Philippines

Meralco is one of the biggest player of electric industry in the Philippines. Which cover Metropolitan areas, Cavite, Bulacan and some areas in Laguna.

This electric company impose increase electrical bills almost monthly. They give many alibi's to support their unjustified increased.

Those unjustified increase will now cleared a kind of greediness. Under the investigation of the Department of Energy. It show that they earn billions of money through their scheme and order them to return those excessive collection of bills.

Beside that order. Meralco, still find an alibi to recover more money from their consumers to say that they must recover some their losses due to some reason.

So, this is still a bad news from the consumers because instead of lowering their bills this coming season. It turns to be a burden for them after this year.

Peso versus dollar is now stable and no need for them to collect foreign currency adjustment and many other irrelevant charges to be pay. Meralco is a kind of business entity and it is their burden to expense money as a business which required investment not charge to the people everything they do in their company.

Those acts is a kind of greediness and the government should act to protect it's people right not to be abuse by paying charges which is not their obligation. When people apply for a electric service there is no agreement or contract to bind themselves to pay everything that the company wanted to implement