The injunction, extended by a Taguig City regional trial court following a petition from the Malampaya consortium, halted Meralco's activities related to the competitive selection process for 20 days.
This delay threatens the utility's efforts to secure the most cost-effective power supply, Meralco senior vice president and regulatory management office head Jose Ronald Valles said in a statement.
The country’s largest electricity retailer said it is currently reviewing the court order and consulting with legal counsel to determine the appropriate response.
The company emphasized its commitment to adhering to all legal and regulatory requirements, while expressing concern that any delay in the bidding process might impact power rates.
At the same time, Valles stressed Meralco’s commitment to ensuring the best possible terms for power supply agreements, operating under the Department of Energy and Energy Regulatory Commission guidelines.
Both agencies have verified the compliance of Meralco's terms of reference for the bidding and cited to irregularities, the firm said.
The official also clarified that power plants using Malampaya gas are not excluded from participating in the tender.
“On the contrary, they are among the prospective bidders who have shown interest in submitting their offers,” Valles said.
Despite the legal challenges, Meralco said it remains focused on securing a stable and least-cost power supply for its customers.
