National Grid Corp hits ‘orchestrated plan’ to undermine firm

The operator of the country’s electricity transmission network on Wednesday broke its silence after weeks of being on the receiving end of adverse policy decisions by energy regulators and what it described as an “orchestrated plan” to undermine the firm at the expense of consumers’ welfare.

“The relentless attacks we suffered, and the fault finding where there was no fault to be found was a clear indication to us that this, and other contemporaneous moves undertaken by certain players in the industry, were part of a larger, orchestrated plan to put their economic interests above ours, even at the expense of the consumers,” National Grid Corp. of the Philippines (NGCP) said in a s…

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