raissa robles | Power rates and privatization - was the Filipino public swindled by GMA and Congress?Power rates and privatization – was the Filipino public swindled by GMA and Congress?
By Raïssa Robles
Privatize the power industry and electricity rates will go down. This was the promise made in 2001 by then President Gloria Macapagal and Congress when they lobbied for the passing of the Electric Power Industry Reform Act (EPIRA).
The act was passed and today, 13 years later, that promise remains unfulfilled. In fact, the exact opposite has happened. Far from decreasing, rates have increased. Customers of the biggest retail provider, Meralco, are staggering under the highest electric rates ever in the country’s history.
This is something for us to keep in mind today as petitioners against the power rate increase face the Manila Electric Co. in a preliminary conference ordered by the Supreme Court, a week before the oral arguments there.
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raissa robles | Power rates and privatization - was the Filipino public swindled by GMA and Congress?
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January 14th, 2014 09:24 PM #101
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March 21st, 2014 09:34 AM #102After further re-calculation, the increase of Php4.56/kw-hr last december will now be reduce to Php0.45/kw-hr.
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