1.  Cross subsidies removed  We subsidize lifeline

2.  Still being paid  No renegotiation

3.  Geothermal  Natural gas

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

5.  Voltage 5  Rural electric cooperatives next target

6.  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

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

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

9.  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

10.  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.