Windfall earnings from spot market spikes go to a blessed few, while the public chafes under rising electric bills. by Atty. Pedro Maniego Jr. | March 26, 2022 | Published by BusinessMirror | READ THE STORY HERE POOR Filipinos. On top of their suffering from the pandemic, they have to cope with ever-increasing electricity prices. Lower economic activity during the lockdowns resulted in lower power demand. But why did electricity costs remain high during this period? The higher rates are mainly traceable to higher spot market prices. Theoretically, available base load supply is more than enough to meet current [...]