 Cross subsidies removed  We subsidize lifeline.

Slides:

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Presentation transcript:

 Cross subsidies removed  We subsidize lifeline

 Still being paid  No renegotiation

 Geothermal  Natural gas

 Exercise of market power  Business strategy of Aboitiz et al

 Voltage 5  Rural electric cooperatives next target

 EPIRA allows DU to buy up to 50% of electricity supply from related company  UP College of Engineering studied Meralco’s buying pattern, showed that rates could fall by PhP2 / kWh if Meralco didn’t favor its sister gencos

 RORB used to be 8-12%  Raised  Now PBR

 Dismissed WESM market abuse case  Ineffective to stop over-recoveries  Ineffective to stop market abuse  Ineffective to stop violation of Meralco’s contractual obligations

 NPC assets sold way above fair market value  New owners thus have to charge more for electricity to recover cost ▪ Kahit hindi pa sila fully paid  Simple change in ownership will already necessitate higher electricity rate  Case of Agus Pulangui

 VAT even on systems loss  Corruption and mismanagement also makes kuryente expensive  Government Attitude towards Consumers: Pnoy told Mindanawans: If you don’t want brownout, pay more.