Meralco Blues Starts not From Meralco People! We ought to Have a WESM watch! (WHAT THE HECK IS THAT?)

You know what I hear complains about their electric bill and all that, I was thinking to myself yeah not fair and it's ginormous increases until...

I got My Meralco BILL

And it was too darn huge. Double of what I used to pay for.

As I recieved the bill it had two pages in it with an explanation of why the increase my friends. Pointing out that " the Major factor that caused the sharp rise in electricity was because of the increase in the price of WESM, a venue for trading electricity as a commodity in the spot market."

WESM? TRADING ELECTRICITY? SPOT MARKET? We got to know what this is people it's costing us our hard earned money.

WESM according to their website is " Wholesale Electricity Spot Market. It is a venue where electricity made by power-producing companies are centrally coordinated and traded like any other commodity in a market of goods in a level playing field and prices are driven by the law of supply and demand to buyers with the objective of giving the best price for consumers of electricity including the ultimate end-user."

SPOT MARKET meaning -

As a wholesale market, it is open to distributors, directly connected customers, large users, and eventually, supply aggregators. As a spot market, electricity is traded on a real time basis or on the “spot”.

The spot market or cash market is a public financial market, in which financial instruments are traded and delivered immediately. The spot market can be of both types:

• an organized market, an exchange or
• "over the counter", OTC.

Spot markets can operate wherever the infrastructure exists to conduct the transaction. The spot market for most instruments exists primarily on the Internet. (Source - Wikepedia)\

Which in this case ENERGY SPOT TRADING, BETTING ON ENERGY , Just like forex in a way. Speculating ENERGY PRICES.

These types of markets are very susceptable to Manipulation. We are being fooled for being ignorant. We should be in the know of these things.

Instantly I think of ENRON, they made huge emergency money from Spot market trading in California which is a highly manipulated scheme then with the cooperation of traders and power generating companies to create a demand thus an increase. That scheme was very nasty traders were even recorded to enjoy such crap these greedy masters had to play with just to get friggin stinkin crappy rich.

Watch the whole ENRON documentary your self and you will get to know this deal. ENRON made a killing in Trading the energy commodity by manipulating it big time. Leaving mom and pop a huge electricity bill and major power outtages.

My point is lets not just be confined with, "Oh it's summer THATS WHY" or "OH the dams LACK WATER TO GENERATE ELECTRICITY" There are ways and these are BS.

Some people I ask think we have a lack. Power outtages here and there. I say It's CRAP.

To start on our search for answer visit this page: http://www.wesm.ph/ THE WHOLESALE ELECTRICITY MARKET and find what the heck is happening from there.

I'll make my own watch and this sucks.

AND WHERE DOES MERALCO PLAY IN THIS NOW THAT THERE IS A PROFIT INCREASE IN THEIR END?