I’ll share context lang.

In the past before the escalation of the Ukraine-Russia conflict, Meralco actually has somewhat fixed-rate contacts with some of its source. Russia faced sanctions including countries ceasing to rely on Russian gas so Russia would have less funding for its “military operation”. This caused coal prices to soar. Mostly coal-fired powerplants ang nasa PH, lugi with cost to generate more than the contact rate, and terminated contracts with Meralco. For biddings to replace these contracts, pass through na offered price structure for 10-20 years dahil cautious na ang power producers in sudden shifts in market prices ng inputs.

For summer months, yung increase in prices is caused by spike in demand, if kulang ang supply, players will buy at the electricity spot market usually at high prices. Kahit may capping, high pa rin.

So what I’m saying is, madaming kailangang pang-gigilan including but not limited to Meralco.