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Committee on Ways and Means (May 18, 2026)

Senate of the Philippines May 18, 2026 2h 15m 17,326 words 1 views
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About this transcript: This is a full AI-generated transcript of Committee on Ways and Means (May 18, 2026) from Senate of the Philippines, published May 18, 2026. The transcript contains 17,326 words with timestamps and was generated using Whisper AI.

"committee on ways and means joined with the committee on energy and public services is called to order good day to everyone to all our resource persons welcome and thank you for um being with us to enlighten us about uh many issues um involving our our uh energy problems uh specifically yung focus..."

[1:15] committee on ways and means joined with the committee on energy and public services is called [1:19] to order good day to everyone to all our resource persons welcome and thank you for um being with us [1:25] to enlighten us about uh many issues um involving our our uh energy problems uh specifically yung [1:36] focus natin will be on the uh high the surge in the electric electricity bills that many of our [1:46] uh marami sa mga kababayan natin na napuna nila at nagreklamo sila but this issue covers so many uh [1:55] pending legislation bills that were filed by my colleagues so allow me to just give a complete [2:01] background um so uh the measures before us today consists of bills and resolutions referred to the [2:08] committee on ways and means relating to the vat treatment of electricity and power related charges [2:14] as well as as well as measures referred to the committee on energy i happen to chair both [2:20] committees so which makes it easier for me us administratively to conduct these hearings no [2:27] so these measures concern electricity pricing systems law system losses consumer protection [2:33] mechanisms subsidies and the broader regulatory framework governing the power sector under the [2:39] constitution all appropriation revenue and tariff bills must originate exclusively in the house of [2:45] representatives as many of the measures before us involve taxation and vat treatment the committee [2:51] on ways and means serves as the primary committee given the fiscal regulatory and consumer protection [2:58] issues involved it is important that these measures be discussed comprehensively and in coordination with both [3:04] committees so baka kasi mga ibang kababayan natin nagtataka na bakit napunta sa ways and means [3:10] yung uh tungkol sa pagtaas ng presyo ng kuryente uh even though there is a component kung bakit um [3:16] um uh may may mga gustong tanggalin ng vat may nagsasabing uh bakit may may vat pa ang mga systems [3:25] losses so it's a taxation issue pero um it's still it it's because of the energy the electricity bills [3:32] kaya sinagreklamo pero kaya kailangan ko ipaliwanag na basta pumasok yung tax medyo kailangan [3:38] dun tayo hindi medyo kailangan ang committee ng ways and means uh will govern so the recent spikes in [3:45] electricity bills have caused serious concern and frustration among filipino households already [3:51] struggling with the rising cost of living these concerns have become even more urgent in light of the [3:56] recent red and yellow alerts raised over the luzon and visaya's grids which results in rotational [4:03] brownouts and power interruptions affecting several areas across the country since last wednesday may 13. [4:11] the situation highlights a difficult reality faced by filipino consumers many are paying increasingly [4:18] high electricity rates while simultaneously experiencing experiencing experiencing concerns over the [4:24] reliability and stability of power supply for many filipinos electricity is no longer a simple utility [4:30] simply a utility is essential to education livelihood health communication daily survivor survival [4:36] lagi ho lagi kong ine-example ang buhay ng isang nanay na ang gusto lang naman niya pagising niya magawa niya [4:45] lahat ng kailangan niya gawin para ma prepare niya yung day-to-day life ng pamilya niya papasok [4:49] yung mga bata ah either siya pa nga yung yung nanay mismo papasok din minsan naman si nanay [4:55] eh homemaker si tatay ang papasok minsan baliktad iba iba na ngayon the point is pagka na walang [5:01] pa ng kuryante hindi pa nila magawa ng maayos yung kailangan nilang gawin to prepare for the day and [5:05] that is major um those of us who live in metro manila and i live in metro i've lived in metro [5:10] manila all my life pero madalas akong bumiyahe sa probinsya sobra akong na-shock and this is years [5:16] ago not recently sobra akong na-shock when i saw firsthand yung rotational brownouts in the [5:23] province i couldn't imagine how they could even survive how small businesses how families na gusto [5:31] lang ipaganda yung buhay nila nag negosyo ng konti malilit lang to na mga negosyo may hindi sila [5:37] makapag negosyo ng maayos kasi four hours a day ang brownout can you imagine that and this has been [5:42] going on for years hindi lang ito ngayon na hindi lang sa administration na ito dati pa ngayon my [5:49] brother the senate president sent me this last night kasi alam niyang mahiring ako gusto man gusto [5:56] niyang dumaan i'm not sure kung makakadaan siya pero he wanted to be sure na ipakita ko ito flash ko na [6:03] lang mamaya no pero hindi ko lang naibigay ka agad sa staff ko kasi sunday yun eh ito ang [6:09] napakalungkot so kinuwento ko nga ang hirap ng buhay ng average family na mawawala ng kuryente [6:14] hindi ka pa maka hindi ka makagalaw dun sa pang araw-araw na kailangan mong gawin para [6:19] makapag makapag ready for the day but this is the saddest news of all father 80 years old dies after [6:28] failing to nebulize during power outage uh i see you secondly um nodding her head so you heard of [6:36] it no it's so sad yung tatay mo yung lolo mo namatay kasi pwede naman inebulize first of all as a [6:45] long time chairman of the committee on health not every household has a nebulizer okay so kahit may [6:51] asma ka dun sa ibang mahirap na pamilya they don't have it pupunta pa sila sa health center hindi ka [6:56] na nga makahinga pupunta ka pa sa health center kasi cannot afford a nebulizer but that nebulizer [7:01] alone will already save their life kasi nga lumuluwag yung yung passage mo dito na nagsisikip [7:06] kung nag-aasma attack ka so ito an 80 year old father in laguna died after failing to undergo [7:13] nebulization during a rotational brownout di ka naman kailangan mamatay sa asma eh di ba pero [7:21] dahil sa brownout namatay so that is suddenly this brownout becomes life-threatening and can you [7:29] imagine dun sa mga health center natin siguro lahat mong malalaking hospital may mga ano [7:35] naman yan generator pero paano yung mga health center natin kung walang tapos yung health center [7:41] nandiyan naman yung mga nebulizer di naman kailangan pumunta sa hospital para lang magpa nebulize [7:46] eh what more pa kung may may mga minor minor procedures na kailangan gawin so that is the situation we have [7:56] and um it's not acceptable so kailangan natin trabahuhin ng maayos to so um ang resource [8:09] persons natin iba iba expertise natin we have those from the government panel who will speak and then [8:14] we have those from the private sector we will all speak but then all of us have our own experience [8:18] from our individual capacity so i'm here sharing the meeting ako po yung makikinig that is my job [8:23] makikinig no and then to consolidate all of these uh concerns solutions um but in the end i never i [8:32] never separate the the reality that i bring to this hearing my personal experiences as a mother as a [8:40] woman and kaya dun parati yung aking uh point of view um if there are others here uh my other [8:47] colleagues na from a male point of view uh let's say from our dswd you can share from the perspective [8:53] ng isang farmer from a fisherman then that's why we're all here to share the perspective [8:59] the realities that we see now this is what i see uh will be a bit um this is what our challenge [9:06] will be no unahan ko na and then i will end my discussion and and give the floor to the resource [9:13] persons um one of the big clamor is yung systems losses na babayaran peb may may tax pang binabayaran [9:25] sa systems losses so dun sa mga hindi pa familiar sa term na yon pag generate ng kuryente pag pag pag [9:31] um distribute nyan sa mga households merong nawawala kung baga sa tubig dun sa dun sa mga pipeline mo [9:39] may tulo diba may may may ano may lumalabas so hindi nakakarating kung nag produce ng 100 ang [9:45] makakarating sa household na 100 households ang nakarating lang is 0.5 or 0.8 o di may nawalang 20% nun ganun yun [9:55] kaya lang bakit daw nawala na nga hindi nakarating sa kanil nagbabayad ng VAT no so the the solutions [10:00] i don't think may isang kahit sinong tao dito na sabihin na di na nga nakarating sa'yo kailangan bayaran mo i don't think [10:06] even the government uh um representatives when they take the floor will say that dapat bayaran yun [10:14] but the reality is kaya binabayaran yun and please correct me if i'm wrong no i'll just go straight [10:19] to the point our law is written such that sa VAT once na ikaw ang nag produce nun ikaw naglabas nun ikaw [10:26] magbabayad ng VAT noon tama ba you said carlo i mean in general so like nag import kapag labas [10:33] tapos nun may VAT yun di ba kapag nasa resibo po oo tapos nun pag dinala yun sa isang factory yung yung [10:39] um ano tawag dito yung uh uh uh not ingredients um parts or the raw materials tapos nag create yung factory [10:49] ng another product yung dinagdag nilang value kaya nga tawag na value added tax yun ang magkaka tax di ba so by the [10:56] time na dumating sa consumer yun yung pinagdaan ng proseso nun may value added tax so obviously [11:02] pagdating nung product mo tapos faulty or uh it's not as you you expected um may may may sabit yung [11:12] paggamit nung yung functionality ng product na yun anong gagawin mo di malamang inereklamo at [11:17] may babalik mo di ba so pwede maibalik ng buo but how do you do that with electricity hindi mo naman [11:23] maibalik ng buo yun gagamitin mo yun eh pero pinapabayad sa'yo yung parte that you never receive that is our [11:30] problem so if we have experts here who can tell us and i don't know if uh the government has let's [11:39] find solutions kasi binabayaran eh pero di naman natanggap pero paano tatanggalin sa proseso yun [11:45] di bali na kung parang pagkain yan ay 20% nang na deliver mo ah hindi ko nagamit eh di sige bawasan [11:51] natin yung 20% di ba kunyari nagpakilo ka ng kamatis ay teka muna may tatlo dito bulok eh di tinanggal mo o di ba [11:58] bayaran mo na lang yung hindi bulok simple di ba pero let's say cellphone tapos ay parang hindi [12:05] kumapindot ng maayos bilin ko na lang sa'yo discounted pwede pwede mo rin naman ibalik ng buo yun how do you [12:10] do that with electricity so i'm trying to simplify this problem kasi even me as a lawyer uh i i'm very open to [12:18] the suggestions pero hindi ko talaga din alam kung paano hihimayin yung issue na yun so that is what we're [12:24] here for okay uh let me acknowledge the presence of uh senator marcoleta sir you can you can give a [12:31] short opening remark and then we will go to our resource person because we also have a caucus [12:37] uh so we will only be able to stay till around 2 maybe 215 maximum 230 but i have to determine if uh [12:45] i need to to suspend because of uh uh the focus that we have so sir you have the floor thank you [12:53] madam chair not an opening statement but i think an amplification of what you just said on uh [12:59] systems loss uh sa akin pong pagkakaintindi rin yung system loss kahit na dalawang klase pa yun [13:07] yung technical and non-technical to me they should be considered as legitimate business risk uh hindi [13:17] kailanman pwedeng i-justify yun simply because ang mga players po sa energy sector mapa distribution mapa [13:28] uh uh uh transmission or generation madam chair they all decided to go into this venture knowing all the [13:38] risks involved and one of those risks are the technical and non-technical aspects of system loss [13:45] bakit ipapasa nyo sa tao yun considering that alam ninyo lahat noong nagpasya kayo na gumawa [13:54] gumawa magbenta ng kuryente ang mga stockholders were all uh knowledgeable na meron po tayong risk [14:03] dito meron pong nawawala kumbaga sa tubig kaya ng sinabi ng ating share person yung tinatawag na non-water [14:12] revenue kasi may tumutulo talaga bakit po nyo ipababayad sa tao yun that cannot be justified that's [14:19] number one number two sinabi po ng corti suprema in one of the landmark cases any expense that the [14:27] distribution utility uh in producing and distributing energy will still not inure to the benefit of the [14:36] consumers is unjustified and inequitable so paano po natin kukontrahin yun tama naman yun eh i think [14:44] these are the two major factors or major legal basis why the system loss ay kinakailangan na [14:55] nating tanggalin na binabayaran po ng mga consumers unless anybody here is in a position to contradict [15:05] those positions doubted by the chairperson and rendered unjustified by this representation [15:16] kung meron pong gustong kumontra kumontra na po kayo ngayon thank you madam chair thank you um [15:26] senator marcoleta would would the senate president like to make a statement i i was already able to share [15:32] what you sent me last night about the 80 year old uh father who died because uh there was no electricity [15:39] to allow him to use the nebulizer magandang tangali madam chair senator marcoleta i thank both of you [15:46] and everyone in the room for your work on uh having more reliable efficient supply of electricity or power [15:55] and also lowering the price as you know there's major developments even before the iran israel [16:05] uh u.s war wherein the world bank was convinced to start uh lending for nuclear which they haven't [16:18] done in a long time because of the fear that uh china will be leaps and bounds uh ahead of the western [16:29] world when it comes to ai because ai requires so much uh power you know and even before that we have [16:36] had problems with grids with islands uh with the energy mix and everything so that the only statement [16:42] i want to make uh madam chairs two number one hindi to the hindi totoo na may delays under our [16:51] administration in fact even after the shooting incident and attack against the senate no wednesday [16:58] may buy come nang thursday on the voucher system sa house of representatives and i actually confirmed my [17:05] attendance pero sila ang nag postpone nun yung pagpunta ng farmers dito sila din ang nag postpone so i thank [17:15] you for pushing through with this uh hearing the second thing i want to mention is that um as you all know [17:22] that the chairperson is my sister so we share the same culture and language coming from one family and we [17:29] all know pagka crisis iba yung kilos diba so kung may exam bukas kailangan mo mag cram diba kung bukas [17:38] ang bayaran ng kuryente at hindi mo pa hawak ang pera kailangan mong gawa ng paraan so given the [17:45] present crisis it's actually an opportunity because things that we wouldn't have think of no whether it's the [17:52] loans for new power plants whether it's uh joint exploration or whether it's uh philippine side [17:58] lang exploration of oil and gas uh whether it's the bills of senator marcoleta uh regarding the [18:05] lifeline uh rates etc yung mga to hindi natin iisipin kung hindi crisis eh diba i'll give you an example [18:12] sa hindi power sa k-12 nagdagdag tayo ng two years pero sa findings mismo ng edcom wala pang equivalent [18:21] ng eight years ang pagpasok ng mga bata okay so kung nung k-10 tayo kindergarten plus 10 years [18:28] nakaka 10 years sila plus kindergarten nung nag k-12 bumaliktad ang equivalent lang is seven point [18:35] something less than eight years so this crisis give us an opportunity na tanggalin ba natin isa o dalawang [18:41] grade sa senior high school ganon din sa agriculture of course we're doing a lot diba but hindi kumikita yung [18:48] farmers eh of course we're giving subsidy sa logistic pero nabubulok yung pagkain na walang [18:53] nangyayari eh no so i just like to encourage the room to really i i know gas gas na yung think out of [19:00] the box diba pero kapag ka may crisis pati yung box mawawala pag hindi tayo kumilos ng doble triple [19:07] no so i know it's not a one day um uh session one day one hearing finding solutions but i really hope [19:16] that uh it's not the statistics eh diba yung i sent that to my sister because numbers remain [19:24] to be a statistic until you have a human face diba so nung tinex na hindi nakapag nebulize [19:30] dahil walang kuryente na matay i hope we put a human face to our powers energy no and i'm not [19:37] gonna blame anyone in the in the room no not not the doe not the natural grid not ourselves i'm just [19:42] saying crisis let's find a way to get something done thank you madam chair thank you um senate [19:48] president so just very briefly my reminders for those who are new uh we're practicing sustainability [19:53] in the entire senate you have glasses uh feel free to to refill your glasses uh ayaw natin ng uh pep [20:01] bottles dito um also we're minimizing the use of paper so yung position papers nyo we always welcome [20:08] na digital ang submission nyo of course kung may senator na gusto nang printed we we print naman [20:14] for them and then uh smoking sitting is the new smoking so you're always welcome to stand up stretch [20:20] your legs hindi nyo kailangan magpaalam i will always give the names of the resource persons who are [20:24] next so if you have to go to the bathroom you don't need to ask for my permission okay we're adults [20:28] here i will treat you professionally and uh i want you to be mindful of your um health also so bathroom [20:35] break uh drink healthy water i hope healthy yung pagkain na sinerve sa inyo hindi na yan pinaclear [20:40] sa akin pero hopefully anyway okay so i think we're ready to start um i will give you all the order of [20:47] our um presentation by the resource persons the first will be doe followed by erc and then followed by the [20:55] department of finance okay so let us now start with um and by the way i think you were given your [21:00] timelines they are short the reason being this this is an overview uh and i want everyone to have the [21:06] chance to speak because you came all the way here uh and then hihimayin po natin yung inyong mga [21:12] statements in the following hearings or twgs and we will always have small group meetings naman po with [21:18] all of you so bear with us so that everybody can speak um also as much as possible those who are here [21:25] representing their principals no mga from the senators offices pakisabihan nyo naman yung [21:30] uh um mga the senators who you work with that ang ano natin ang ang susundin natin is we let the [21:38] resource persons finish speaking first no since dalawa lang kami ni senator marculeta my rule always is [21:44] kung dalawa lang pwede naman mag quick question but i don't open the floor because hindi matatapos hindi [21:49] magbibigyan ng time lahat ng nag-aba lang pumunta dito at magbigay ng oras sa atin okay that's it [21:55] for all my reminders uh doe usec mario marasigan uh you have the floor thank you very much madam chair [22:03] and good morning to all um the department of energy has submitted its position paper regarding the uh [22:10] senate bill on the uh uh system system loss application of uh of the bat and if i may read [22:20] uh madam chair yes uh dear senator cayutano this refers to the april 6 2020 secret request of the [22:27] committee seeking the comments of the department on the above mentioned bill the department recognizes [22:34] the necessity of the bill in granting the importance of providing clear parameters measures and criteria as [22:40] prescribed the real we posit that the system loss represents electricity that is generated but not [22:48] delivered and not consumed by electricity end users it is an inherent technical and operational [22:55] characteristics of electricity transmission and distribution systems and should not be treated as a [23:01] separate taxation taxable transaction rather than being treated as a component of the sale of electricity [23:08] is more appropriate characterized as a regulatory cost adjustment arising from technical inefficiencies [23:15] operational constraints or non-technical losses such as filter aids filter aids imposing value-added [23:23] tax on the system losses in consist is inconsistent with the basic principle under section 108 of the national [23:30] internal revenue code that value-added tax should apply to the actual sale of consumption [23:36] of goods and services and therefore raises concern as to the fairness and equity of the electricity charges [23:43] from a consumer standpoint this translate to higher electricity rate without the corresponding benefit [23:51] in service thereby increasing the effective cost per kilowatt hour and carrying the system loss itself [23:58] imposing value-added tax on top of these losses further undermines the intent of the regulatory framework [24:05] which is to balance operational realities with consumer protection and instead leads to to form a double [24:12] imposition on amounts that do not reflect actual service received in view of the foregoing we recommend [24:19] further review and the appropriate tax streets treatment of system loss along with other relevant agencies [24:27] with fiscal considerations are duly recognized this must be balanced with the overarching objective of ensuring [24:35] affordable affordable and reasonable electricity rates for consumers we have also attached technical data [24:41] requested and this was provided with an online link lastly we express our support in the passage of the state [24:49] said bill while also ensuring its consistency with the department's mandate and other existing and applicable fiscal [24:58] power and energy related laws rules regulation and issue assess and give due difference to the committee in choosing [25:07] is a specific provision or language in the bill should you have any concerns inquiry madam chair we have [25:14] provided the contact person and the contact numbers as well as the email addresses this is the department's position [25:22] um madam chair uh honorable uh senator marcoleta so thank you very much thank you for that no um let me clarify no uh i was [25:43] discussing because with my staff medyo malawak talaga yung topic natin today if you if you can see i won't read it into the record [25:50] 14 bills yung kinukover natin and i just want to emphasize and my staff has informed me that they informed everyone that the focus [25:59] and uh and uh usec naman mentioned one of the main components is dissecting the electricity bill [26:06] is dissecting the electricity bill para maintindihan ng tao kung bakit nga tumaas kasi nga yung topic [26:10] natin is yung pag-akyat nung nung the surge in the electricity bill so yung focus nyo usec mario is one of the [26:19] components yung systems losses na bakit sila ang nagbabayad but um to be clear [26:24] uh um as as those here probably already know basahin ko na lang to no 64 percent of the bill is the [26:32] generation charge uh 12 percent is the distribution charge so ito yung kumbaga sa meral ko siya yung [26:39] distributor at yung ibang mga nagsusupply ng kuryente doon sa mga ibang lugar yan yon 12 percent charge [26:45] nila yon 11 percent is other charges 8 percent is transmission charge and 5 percent is uh systems [26:54] loss pero dun sa other charges banggiting ko lang uh ito dito pumapasok yung uh government mandated and [27:02] pass-through ito yung vat and energy tax real property tax and local franchise and then the subsidies the [27:10] lifeline subsidy the senior citizen subsidy and then the renewable energy allowances the feed-in [27:16] tariff and the green energy auction binabasa ko pa lang napapagod na ako sa dami nung pinapasa [27:23] natin dami nang sinasalo ng consumer so actually usec lahat yun i expected na magko comment po kayo medyo [27:31] mahirap kasi ang lawak talaga no so okay lang kung kung systems losses muna yung binanggit nyo pero very [27:38] crucial yung statement nyo kasi kayo po ang DOE well si ERC naman ang dami doon na sila ang nag [27:44] approve nung rates and then i also want you to point out kung ano dun yung mandated by law at ano dun yung [27:50] hindi mandated by law so clear tayo yung mandated by law kami kami ang gagawa ng amendment nun pero [27:57] kung hindi yun specifically mandated by law kung baga binigyan lang ng power ang isang agency to determine [28:03] then we can also tackle that so medyo dun tayo para the other resource persons can also give [28:08] their comment nakakasabay sa discussion so again malawak yan hindi ko na nga natapos kasi napagod ako [28:14] sa dami nung karga ng ating mga kababayan eh universal charges missionary electrification [28:19] ito po ay nagfa-fund ng kuryente dun sa remote and off-grid communities that's wonderful right na yung [28:26] off-grid yung hindi nakakarating sa kanila yung mga transmission lines tinutulungan natin pero sabi [28:33] din ng mga kababayan natin bakit kami bakit kami eh hirap na hirap na rin kami tapos kami din ang [28:37] nagbabayad yan the good news is marami nang nakarating na kuryente sa off-grid lumaki naman yung burden [28:42] nakine-carry nung consumer so those are the realities we have to understand it as a christian [28:48] siyempre sabi natin tulungan yung iba pero minsan ang bigat na rin talaga sa kanila eh saan [28:53] pumapasok ang gobyerno saan pumapasok yung yung private citizen na yung tulong niya kasama [28:58] sa universal charges environmental charge ito yung para sa rehabilitation ng watershed and then [29:04] meron pang npc stranded debts so ang dami okay so yusek kung yan lang ba muna ang focus [29:12] nyo yung sa systems laws you don't you did not prepare you don't have anything else on the other [29:18] yung nasa electricity bill natin uh anything else to add if i may uh madam chair where we look at all [29:27] the bills and we support the study of all the components of our electricity bills for review [29:34] and ang kinanghabol naman po ng department of energy is nagalagang to look for avenues on how we could lower [29:40] the cost and make it affordable to our consumer and we have actually listed some activities that [29:47] we have already made irrelevant to those activities like for example in terms acting lifeline rate we [29:53] are in coordination with the erc on how we could harmonize all the activities to further lower you [29:59] acting uh cross subsidy we have also uh we have read some documents that uh indicates what have we done [30:09] in support of all those bills because we have continuously reviewing all the provisions of the [30:15] law particularly ipira and to include the other energy laws kasi nga po ang position on department of [30:22] energy is we deliver the services but it should be affordable to our consumers so we will submit [30:27] additional papers thank you very much thank you for that um tapos reminder lang no uh ideally [30:34] huwag nyo huwag nyo na hum basahin yung mga letters mga submissions nyo kasi kami na hum magbabasa [30:39] noon i-highlight na lang no uh i-highlight na lang of course kung may mga medyo technical [30:44] dun that you have to read it no problem maiksi naman yung binasa nyo usec pero that's my general rule [30:50] no so we can absorb it uh mas madali sa akin yung kwentuhan katulad nung uh ginawa nyo okay so let's go [30:57] now to uh erc uh the chairperson and ceo attorney francis juan sir you have the floor thank you uh madam [31:05] chair honorable marcoleta we've uh submitted our uh presentation in fact we prepared two presentations [31:12] one on the different charges in the bill and also our uh position on all the pending uh senate bills [31:25] may i just be allowed to present uh on the system laws uh to save on time and so i can devote the five [31:31] minutes uh to uh correcting some misimpression as regards uh system loss can we go to slide eight [31:40] yung system loss po hindi ito bayad para sa kuryenting hindi naman nagamit ito po ay bayad para dun [31:53] sa gastos itong kuryente na ito na generate then deliver through the transmission wire at nakarating [32:01] sa distribution utility pero because of the technical and non-technical losses that are allowed under 7832 to be [32:12] recovered sila ay hindi nakakasama doon sa kilowatt hours uh on which na iimposan nung [32:21] respet nung uh kaukulang uh generation and transmission charges so kalintulay po ito halimbawa nagnenegosyo [32:32] kayo bumili kayo nag nag wholesale kayo bumili kayo ng isang libong isda bangus sang banyerang bangus ang [32:42] gastos nyo ay walong piso kada ulo ng bangus ang kabuuang gastos nyo ay kotso pesos kada [32:51] ulo ng bangus pero dito sa banyerang nakuha nyo hindi naman lahat yan hindi naman isang libong bangus ang [33:01] may bebenta nyo kaya halimbawa limang porsyento nyan ang hindi nyo talaga mabibenta dahil bilasana o sirana [33:09] kung maaaring kinupit ng tindera nyo ito pong kabuuang isang libo halimbawa may 5% na nawawala [33:18] or na hindi nyo na ibebenta 950 lang talaga ang kabuuang na inyong nabibenta kung ayaw ang magbebenta [33:28] nito at gusto nyo walik puhunan lang yung 8 mil na inyong ginastos para doon sa isang libo na bangus na yan [33:38] magkano nyo ibebenta definitely hindi 8 yung original na per unit price isasaman nyo dito yung spoilage diba [33:48] in manufacturing kasama yan kaya kung ang may bebenta nyo lang kandidad ay 950 per unit [33:57] cost nyan ay hindi 8 but 842 yung .42 na yan yan po ang sumasalo doon sa gastos ng system laws ngayon [34:09] bakit hindi na lang distribution utility ang sasagot nito ang distribution utility po hindi yan ang negosyo [34:17] ang kanya pong negosyo ay yung mag hatid ng kuryente sa pamamagitan ng mga linya [34:27] na ipinapatayo niya ngayon kaninong negosyo ito sa generation company [34:32] kaya nga ang distribution utility pinapass through lang yan [34:37] so doon po sa mga komento na dapat ay sagutin yan ang distribution utility [34:43] yes merong portion yan ang ipinasasagot ng batas sa distribution utility [34:49] kasi lumampas na lumabis na doon sa itinakdang system laws cap [34:54] yung gastos na na incur niya for its actual system losses [34:59] so yan po ang nature ng system laws kaya mayroon tayong charge para mabawi yun [35:05] yung gastos na yun [35:07] ang bumabawi ang distribution utility [35:09] pero ibinabaya din yan sa generation company at sa transmission company [35:14] kasi nga po ito ay pass through charges [35:18] so [35:22] nakuha na natin ang ibig mo sabihin [35:24] kahit na simplistic yung example mo [35:26] susundan kita ron eh [35:27] ang example mo ay isang banyera ng bangus [35:32] okay [35:33] so dahil sa merong loss doon [35:37] maaring kinupit ng tindera [35:39] o kaya biglang kahit na yung bangus ay hilado na [35:46] pero lumundag pa rin [35:48] palagay mo lang ganoon na nangyari [35:50] ito yung mga factors na kaya kailangan makuha mo yung loss [35:56] yun na sinasabi mo eh [35:57] okay [35:58] sa mga tweet [35:59] yung banyera ng bangus na yun [36:00] kasama ng loss na yun [36:03] binenta mo sa supermarket A [36:05] dahil siya na yung magdidistribute [36:07] tama [36:07] yung generation [36:08] nasa yun eh [36:09] binenta mo sa supermarket A [36:11] yung consumer ngayon [36:13] meron siyang opsyon [36:14] pupunta siya sa supermarket B [36:17] o kaya C [36:18] bakit kanya mas matas yung bangus dito sa supermarket A [36:23] pumunta siya sa B [36:25] medyo mura ng konti [36:27] ng 150 for example [36:29] or 1 peso [36:30] o kaya sa supermarket C [36:32] mas mura din [36:34] doon siya bibili [36:35] tama [36:36] ito pong system [36:40] sagot ka muna [36:41] eh siyempre [36:41] may option yung consumer [36:43] nung makita niya [36:44] dahil binenta mo rito sa supermarket [36:47] eh ganitong price [36:48] meron siyang opsyon na mamili sa ibang supermarket [36:50] tama [36:51] kung ang pinag-usap [36:53] at yun natin dito [36:54] sumagot ka muna [36:55] tama o hindi [36:55] ba tayo mo sumagot [36:58] tayo po kasi as copy [37:00] sasagot ka muna [37:01] tinatanong lang [37:03] napakasimple eh [37:04] pumunta siya sa supermarket [37:06] eto yung presyo [37:08] pumunta sa B [37:11] and C [37:12] eto yung presyo [37:13] makakapamili siya [37:14] diba [37:14] madam chair [37:19] ba't hindi siya makasagot [37:20] doon sa example niyo po [37:22] ok [37:22] kaya kita tinatanong ng ganoon [37:24] sa kuryente [37:25] hindi siya may makakapamili [37:26] wala kami [37:27] yung ibang pupuntahan [37:28] isa lang ang supermarket [37:30] tama o hindi [37:32] sumagot ka [37:35] yun ang problema eh [37:37] huwag din yung gagamitin [37:39] yung ibang [37:40] perishable commodities [37:42] pumunta ka sa isang supermarket [37:44] meron daga na kumakain [37:46] sa mga produkto [37:47] it's a loss [37:48] merong mga [37:50] nagnanakaw doon [37:51] nangyayari yun [37:52] everyday [37:53] it's a loss [37:54] hindi lang mga [37:55] outsiders [37:56] mara yung sarili mong [37:57] nagtatrabaho doon [37:59] nagbubulsa [37:59] so loss lahat ito eh [38:02] yung supermarket [38:04] yung loss na yun [38:05] hindi niyo ipapatawag [38:08] doon sa pre-billing price [38:09] ng kanilang produkto [38:10] kasi yung consumer [38:11] has the option [38:12] to go to other [38:14] outlets [38:14] in the case of electricity [38:17] madam chair [38:17] wala silang option eh [38:19] this is our problem [38:21] kaya pinipilit ko kanina [38:22] and I thank you very much [38:24] attorney Juan [38:24] nung sinabi mo [38:25] yung system loss [38:27] as you said [38:29] is an inherent [38:30] operational [38:31] characteristic [38:33] inherent talaga ito eh [38:35] hindi mo mayaalis [38:37] na mayroong mawawala [38:38] but this [38:39] inherent [38:40] operational loss [38:41] is already [38:42] admitted [38:43] it is known [38:45] to all stakeholders [38:46] bago kayo [38:47] nagpasya [38:48] na gumawa [38:48] at magdistribute [38:50] ng kuryente [38:50] so it is [38:52] a legitimate [38:53] business risk [38:54] that every industry [38:56] should recognize [38:58] bakit naman [38:59] ba't naman [39:00] ang energy sector lang [39:01] hindi nagre-recognize [39:02] ng risk [39:04] lahat ng industries [39:05] have risks [39:06] maski insurance company [39:08] who cover for risks [39:10] meron din silang risk [39:12] ito ito yung [39:13] ito yung problema [39:16] na [39:16] madali naman [39:18] nating intindihin [39:19] madali naman [39:21] nating gawa [39:21] ng paraan [39:22] eh di amend [39:24] natin yung [39:24] republic [39:27] act [39:27] 7832 [39:28] ganun lang [39:28] kasimple yun eh [39:29] let's remove [39:30] the system [39:31] laws [39:31] as simple as that [39:33] isang maliit [39:35] na amendment [39:36] lang [39:36] ang gagamitin mo [39:37] dun [39:37] and one thing [39:39] more [39:39] madam chair [39:40] tignan mo na lang [39:41] yung universal charge [39:42] tama yung sinabi [39:43] ng chairperson [39:44] yung universal charge [39:46] nandun [39:47] in order for us [39:49] to bankroll [39:50] certain areas [39:52] na kailangan [39:52] lahat silang ma-electrify [39:54] lahat makakita [39:55] ng liwanag [39:56] tama naman yun [39:57] that's not the objective [39:58] of the government [39:59] pero naglalaban sila [40:02] ng feed-in tariff [40:03] and JAP [40:05] kasi [40:07] yung feed-in tariff [40:09] is supposed to capitalize [40:10] the government's program [40:13] para sa ganun [40:14] mas marami tayong [40:15] renewables [40:16] kung marami tayong [40:18] renewables [40:19] nagagamitin [40:20] sa lahat ng lugar [40:21] ng ating bansa [40:22] o di ba baba [40:24] yung universal charge [40:25] kasi [40:26] at some point in time [40:30] yung universal charge [40:31] bumaba ba [40:33] hanggang sa [40:34] eventually [40:34] mawala na [40:35] if we succeed [40:36] on the renewables [40:38] ang problema [40:39] o sinasabi lang natin [40:41] by 2030 [40:43] pwede yan eh [40:44] puro tayo [40:46] puro forma [40:47] by 2030 [40:48] parang 40% [40:52] yata Madam Chair [40:53] renewable na tayo lahat [40:55] by 2040 [40:57] 50% [40:59] ang renewable [40:59] oh Diyos ko [41:02] ay hindi naman tayo [41:05] papunta dun eh [41:06] so [41:08] magano tayo [41:09] ito yung problema [41:10] sabi ko nga po [41:11] ulitin ko [41:12] Madam Chair [41:12] Korte Suprema na po [41:15] nagsabi [41:15] any expense [41:17] incurred by the [41:18] distribution utility [41:20] which did not [41:22] inure to the benefit [41:23] of the consumers [41:24] is unjustified [41:26] and inequitable [41:27] which part of that [41:29] sentence [41:29] is not understood [41:31] to everyone [41:32] Madam Chair [41:35] kaya nang nasabi ko [41:37] yung distribution utility [41:38] ay hindi [41:39] engaged [41:39] sa pagnenegosyo [41:40] ng paggenerate [41:41] ng kuryente [41:42] kaya [41:43] hindi yan [41:43] nanggagdapat [41:44] isingilin [41:44] ang hanggalin [41:45] na lang [41:45] namin [41:45] kaya hindi [41:47] siya sinigilin [41:48] ng Miralco [41:48] kasi kung wala [41:50] lang siya [41:51] hindi na [41:51] nirecognize [41:52] hindi naman [41:53] hiningil [41:53] ang Miralco [41:54] we're not [41:54] blaming anybody [41:55] here [41:56] ang pinag-uusapan [41:56] saan ang gagaling [41:58] yung system [41:59] loss [41:59] sa generation [42:00] lang naman [42:00] at saka sa [42:00] transmission [42:01] if you do not [42:02] recognize that [42:03] walang kukolektahin [42:04] ng Miralco [42:05] problem solved [42:06] thank you [42:08] Madam Chair [42:09] yes [42:11] there I thought [42:12] you left [42:13] when you said [42:13] hi to me [42:14] I was listening [42:15] I recognize [42:16] Senator Lauren [42:17] Ligarda [42:17] yes you may [42:18] take the floor [42:18] thank you [42:19] and I'm grateful [42:19] to the Chair [42:20] for having so much [42:21] in the agenda [42:22] including [42:23] my two very [42:24] important measures [42:25] which is [42:26] clarifying the [42:27] value-added [42:28] tax treatment [42:29] of socialized [42:31] electricity subsidies [42:32] and since our [42:33] expert in [42:34] energy [42:35] is right beside us [42:36] along with [42:38] the Chair [42:38] I would like [42:39] to be clarified [42:40] Madam Chair [42:41] any competent [42:42] authority [42:43] whether it's [42:43] the NGOs [42:44] the private sector [42:45] or government [42:47] simple [42:48] tanong po [42:49] yung hindi [42:50] nagagamit [42:51] na kuryente [42:53] bakit natin [42:54] binubuwisan [42:55] Madam Chair [42:58] sa aking alam po [43:00] may 12% [43:01] na pinapataw [43:03] na value [43:04] added tax [43:05] VAT [43:06] sa systems [43:07] laws [43:08] narinig ko po [43:09] ERC [43:10] na sinabi [43:10] ito'y [43:11] hindi ginagamit [43:12] kumbaga [43:12] sa isda [43:13] nabilasa [43:14] wala po [43:15] bakit po [43:16] binubuwisan [43:17] ng 12% [43:19] ang hindi [43:20] nagagamit [43:20] na kuryente [43:21] pangalawang tanong [43:23] kung ano man [43:24] ang sagot po nyo [43:24] ay dapat [43:25] sumasangayon ba [43:27] kayong [43:27] tagalin [43:28] ang VAT [43:28] kaagad dyan [43:29] huwag nang batas [43:31] sa implementation [43:32] lang yan [43:33] ng ating [43:34] mga batas [43:34] na nandiyan [43:35] na [43:35] kumbaga [43:36] kung nakasaad yan [43:37] sa EPIRA [43:38] at dapat [43:39] ang BIR [43:40] makipag-ugnayan [43:41] sa ERC [43:43] para ito'y [43:44] makatupad [43:45] kung saan ayon po [43:46] kayo [43:46] kung mali po ako [43:48] then please [43:49] correct me [43:49] kayo po ang mga experts [43:50] thank you Madam Chair [43:51] thank you [43:52] with the permission [43:53] of Senator [43:54] Legarda [43:55] can I give [43:56] the floor [43:56] back to [43:57] Attorney Juan [43:57] who's in [43:58] the middle [43:58] of his [43:58] presentation [43:59] and since [44:01] he was raising [44:01] his hand [44:02] I assume [44:02] he's going [44:03] to touch [44:03] on it [44:03] sorry [44:04] let me [44:04] let me [44:05] finish [44:05] before you [44:06] let's have [44:06] an orderly [44:07] discussion [44:08] these are [44:08] very good [44:09] points [44:09] but I want [44:10] you to [44:11] continue [44:11] with your [44:12] presentation [44:13] you may [44:13] answer [44:14] but I do [44:15] want us [44:16] to get [44:16] to DOF [44:17] that who [44:18] I think [44:18] is also [44:19] the right [44:19] person [44:19] to answer [44:20] your question [44:20] so after [44:21] his presentation [44:22] which I believe [44:22] will touch [44:23] on your [44:23] question [44:24] then we [44:25] will go [44:25] to the [44:26] DOF [44:26] again [44:27] para lang [44:27] mabigyan [44:28] ko ng [44:28] time [44:28] lahat [44:29] ng [44:29] nandito [44:29] na makapagsalita [44:30] din [44:31] okay [44:31] just a [44:33] one [44:34] sentence [44:34] answer [44:35] tama ba [44:36] ko [44:36] or hindi [44:37] kasi ako [44:37] eksperto [44:38] ay mali [44:39] ako [44:39] ganun [44:39] lang po [44:40] sangayon [44:40] ba [44:41] kayo [44:42] or [44:43] ni [44:43] Juan [44:43] yes [44:44] po [44:44] kaya [44:44] po [44:45] siya [44:45] nasasama [44:46] do [44:46] sa [44:46] nabuhisan [44:47] ng VAT [44:48] dahil [44:48] sa [44:49] side [44:50] ng [44:51] generation [44:51] company [44:52] na nag [44:52] generate [44:53] noon [44:53] kasama [44:54] yun [44:54] doon [44:55] sa [44:55] kanyang [44:55] sales [44:55] at [44:56] pumapasok [44:57] yun [44:57] sa [44:57] kanyang [44:57] grocery [44:58] seats [44:58] kasi [44:58] pag [44:58] lumabas [45:00] at [45:00] nagdeliver [45:00] niya [45:01] yung [45:01] kuryente [45:02] sa [45:02] distribution [45:03] utility [45:03] kasama [45:05] na yun [45:05] sa [45:05] kanyang [45:06] kita [45:07] kaya [45:08] kaya [45:08] kaya [45:08] kaya [45:08] ito [45:09] ito [45:09] lang [45:09] VAT [45:10] on [45:10] system [45:11] loss [45:11] dahil [45:12] nga [45:12] inhiwalay [45:13] natin [45:13] yung [45:13] cost [45:14] na yan [45:14] from [45:15] the [45:15] total [45:16] generation [45:16] charge [45:17] inilagay [45:17] natin [45:18] a [45:19] system [45:19] loss [45:19] charge [45:20] yung [45:21] VAT [45:21] ay [45:21] separately [45:22] na [45:23] iimpose [45:23] dyan [45:24] but [45:24] doon [45:25] nga [45:25] sa [45:25] aming [45:25] position [45:26] as [45:27] we [45:27] have [45:27] communicated [45:28] to [45:28] the [45:29] committee [45:29] we [45:30] support [45:31] all [45:32] proposals [45:34] proposed [45:35] measures [45:36] para [45:36] mapababa [45:37] yung [45:37] electricity [45:38] rate [45:38] at [45:39] kasama [45:39] dito [45:39] is [45:40] redefining [45:41] what [45:42] should [45:42] be [45:42] the [45:43] base [45:43] for [45:44] the [45:44] VAT [45:45] on [45:46] electricity [45:47] at [45:48] kung [45:48] ma-i-exclude [45:51] natin [45:52] yung [45:52] cost [45:53] associated [45:54] with [45:54] system [45:55] loss [45:55] from [45:56] the [45:56] gross [45:56] receipts [45:57] ng [45:57] ating [45:58] mga [45:59] generation [45:59] companies [46:00] transmission [46:01] and [46:01] distribution [46:02] malaking [46:03] kabawasan [46:04] na [46:04] din [46:04] po [46:04] yan [46:05] dahil [46:05] around [46:06] 5% [46:08] then [46:08] 5 to [46:09] 10% [46:10] yung [46:10] system [46:11] loss [46:11] na [46:11] pinapataw [46:12] so [46:12] that [46:13] will [46:13] be [46:13] a [46:13] reduction [46:13] to [46:14] that [46:14] po [46:14] I [46:15] will [46:15] make [46:17] an [46:17] illustration [46:17] so [46:18] that [46:18] our [46:19] government [46:19] panel [46:20] here [46:20] can [46:20] explain [46:21] also [46:21] to [46:21] people [46:21] kasi [46:22] kahit [46:22] ako [46:22] gusto [46:23] ko [46:23] mas [46:23] maliwanag [46:23] and [46:24] this [46:24] also [46:24] is [46:24] consistent [46:25] with [46:25] Senator [46:25] Lawrence [46:25] question [46:26] so [46:27] pag [46:28] generate [46:29] nung [46:29] electricity [46:30] and [46:31] that's [46:32] x [46:32] amount [46:32] sabi mo [46:33] ng [46:33] 100 [46:34] at yun [46:36] may [46:37] VAT [46:38] yun [46:38] so [46:38] paglabas [46:39] noon [46:39] yung value [46:39] na [46:39] 100 [46:40] magiging [46:41] 112 [46:41] at [46:42] what [46:43] point [46:43] nagkakaloss [46:44] kasi [46:44] nga [46:44] pag [46:45] generate [46:45] noon [46:45] may VAT [46:46] na yun [46:46] paglabas [46:47] at [46:47] what [46:48] point [46:48] nadetermine [46:49] yung [46:49] loss [46:49] such [46:50] that [46:50] where [46:51] do [46:51] you [46:51] pinpoint [46:52] na [46:52] exclude [46:53] natin [46:53] yung [46:53] loss [46:54] dun [46:54] yata [46:55] may [46:55] mga [46:55] complications [46:56] in [46:57] the [46:57] implementation [46:58] of [46:58] what [46:58] appears [46:59] to [46:59] be [46:59] so [46:59] far [47:00] the [47:01] two [47:04] government [47:05] agencies [47:06] that have [47:07] spoken [47:07] are in [47:08] full [47:08] support [47:09] but [47:09] somebody [47:10] has [47:10] to explain [47:11] to us [47:12] kung paano [47:13] nyo [47:13] tatanggalin [47:14] yun [47:14] doon [47:14] kasi [47:15] pag [47:15] generate [47:16] noon [47:16] the [47:16] moment [47:16] it is [47:16] generated [47:17] may [47:18] nawala [47:18] na ba [47:18] doon [47:19] wala [47:19] pa [47:19] diba [47:20] and [47:20] nakakalculate [47:22] ba [47:22] I mean [47:22] alam ba [47:23] natin [47:23] every time [47:24] that [47:24] the [47:25] electricity [47:25] is [47:26] generated [47:26] how much [47:27] ang [47:28] percentage [47:29] ng loss [47:29] doon [47:29] yun ba [47:29] itansyahan [47:30] or [47:31] it's a [47:31] very [47:31] specific [47:32] measure [47:33] so [47:33] all of [47:34] these [47:34] things [47:34] have to [47:34] be [47:34] answered [47:34] I [47:35] don't [47:35] want [47:35] a [47:35] specific [47:35] answer [47:36] now [47:36] but [47:40] mga kababayan [47:41] natin [47:41] lahat tayo [47:42] sabihin [47:42] natin [47:42] we support [47:43] we support [47:43] o paano [47:43] natin [47:43] gagawin [47:44] yun [47:45] Madam Chair [47:47] let me [47:47] exemplify [47:48] ganito po [47:50] yung [47:51] nangyayari [47:51] kunwari [47:52] distribution [47:54] utility [47:54] X [47:55] palagay [47:56] natin [47:56] Meralco [47:56] or any [47:57] other [47:58] electric [47:58] cooperative [47:59] Meralco [48:01] or any [48:01] other [48:02] electric [48:02] cooperative [48:02] buys [48:03] from [48:05] generation [48:06] A [48:07] kunwari [48:08] 10 pesos [48:09] po yung [48:09] nabili [48:10] niya [48:11] attorney [48:11] Juan [48:12] I will [48:14] not [48:14] commit [48:14] the [48:14] mistake [48:15] again [48:15] attorney [48:16] Juan [48:16] hindi [48:16] san [48:17] Juan [48:17] eventually [48:21] Meralco [48:22] or any [48:23] other [48:23] electric [48:23] cooperative [48:24] sells [48:26] to [48:26] consumers [48:27] kasi [48:29] binili [48:30] niya [48:30] tas [48:30] bibenta [48:31] niya [48:33] nung [48:34] i-account [48:34] niya [48:35] lahat [48:35] yung [48:35] kanyang [48:36] sales [48:36] 8 pesos [48:38] na lang [48:38] ang kanyang [48:41] na [48:41] recover [48:42] so [48:43] merong [48:43] system [48:44] loss [48:44] na 2 [48:45] pesos [48:45] tama [48:46] yun [48:47] na [48:48] nagyayari [48:48] eh [48:48] bakit [48:51] yung [48:52] 2 [48:52] pesos [48:53] na [48:53] yun [48:53] ito [48:53] yung [48:54] system [48:54] loss [48:54] na [48:54] pinag-aawayan [48:55] natin [48:56] since [48:56] time [48:57] immemorial [48:57] ngayon [48:59] kung halimbawa [49:00] yung [49:00] generation [49:00] company [49:04] will [49:05] consider [49:05] na yung [49:06] 2 [49:06] pesos [49:06] talaga [49:07] nangyayari [49:09] nasa [49:09] maraming [49:09] paraan [49:10] loss [49:10] yun [49:10] Meralco [49:11] hindi [49:12] na siya [49:12] kukolekta [49:14] ng [49:14] system [49:15] loss [49:15] ganito [49:16] lang [49:17] na simple [49:17] yun [49:17] eh [49:17] na yung [49:18] 2 [49:18] pesos [49:19] difference [49:19] kasi [49:20] yung [49:20] bill [49:21] 8 [49:21] pesos [49:22] lang [49:22] yung [49:23] sale [49:23] yung [49:23] kanyang [49:24] purchase [49:25] is [49:25] 10 [49:26] pesos [49:26] pero [49:27] yung [49:27] total [49:27] bill [49:28] niya [49:28] entire [49:29] market [49:31] is [49:32] only [49:32] 8 [49:32] pesos [49:32] yung [49:33] 2 [49:33] piso [49:34] pinag-uusapan [49:34] madam [49:35] chair [49:35] ito yung [49:37] pinipilit [49:38] natin [49:38] konektayin [49:39] sa ating [49:39] mga [49:39] mamayan [49:40] na hindi [49:41] po [49:41] pwedeng [49:41] mangyari [49:42] yun [49:43] salamat [49:45] attorney [49:50] Juan [49:50] can you [49:51] continue [49:51] with your [49:52] presentation [49:52] and then [49:53] we'll go [49:53] to [49:53] USEC [49:54] Carlo [49:54] we [49:58] included [50:01] 14 [50:01] bills [50:02] kasi [50:02] a lot [50:03] of [50:03] them [50:03] all [50:04] of [50:04] them [50:04] have [50:05] some [50:05] relation [50:05] to [50:06] the [50:06] main [50:06] issue [50:07] which [50:07] is [50:07] bakit [50:08] ganun [50:08] kataas [50:09] yung [50:09] electricity [50:10] bill [50:11] so [50:11] focus [50:11] lang [50:11] tayo [50:12] doon [50:12] because [50:12] 2 [50:13] hours [50:13] is [50:13] not [50:13] enough [50:14] to [50:14] solve [50:15] all [50:15] these [50:15] problems [50:16] or [50:16] to [50:16] even [50:16] you [50:17] know [50:17] to [50:17] even [50:18] get [50:18] into [50:18] the [50:19] details [50:19] pero [50:19] to [50:20] give [50:20] everybody [50:20] a [50:20] chance [50:21] again [50:21] to [50:21] speak [50:21] doon [50:22] lang [50:22] tayo [50:22] quick [50:23] points [50:23] on [50:23] those [50:24] issues [50:24] what [50:24] contributes [50:25] what [50:25] do you [50:25] think [50:25] are [50:25] the [50:26] highlights [50:26] of [50:27] the [50:28] problems [50:29] what [50:29] can [50:29] you [50:29] highlight [50:30] about [50:30] these [50:30] issues [50:31] going [50:33] now [50:33] to [50:34] slide [50:34] 12 [50:35] which [50:35] will [50:35] be [50:35] my [50:36] last [50:36] slide [50:37] this [50:38] is [50:38] a [50:39] summary [50:39] of [50:39] our [50:40] position [50:40] as [50:43] regards [50:43] the [50:44] support [50:45] for [50:45] consumer [50:46] relief [50:46] measures [50:46] kasama [50:47] dito [50:47] yung [50:48] VAT [50:48] exemption [50:49] and [50:49] removal [50:49] slide [50:53] na [50:53] nire-request [50:54] ni [50:54] chairman [50:55] yung [50:56] slide [50:56] 12 [50:56] lang [50:57] kasi [50:58] I [50:59] highlighted [51:00] here [51:01] yun [51:01] pong [51:01] exclusion [51:02] of [51:03] certain [51:03] pass-through [51:03] charges [51:04] from [51:04] the [51:04] VAT [51:05] coverage [51:05] so [51:06] malaking [51:08] bagay [51:08] nga [51:08] din [51:08] especially [51:09] kung [51:10] kasama [51:10] dyan [51:10] yung [51:11] system [51:11] loss [51:12] ang [51:12] isa [51:13] lang [51:13] na [51:13] nire-raise [51:14] namin [51:14] as [51:14] an issue [51:15] ito [51:16] pong [51:16] implementation [51:17] and collection [51:18] of the [51:19] VAT [51:19] kasi [51:19] medyo [51:20] complicated [51:21] dyan [51:21] in fact [51:22] hanggang [51:23] ngayon [51:23] may [51:23] unresolved [51:24] issues [51:24] pa [51:25] yung [51:25] treatment [51:27] ng [51:27] VAT [51:27] yung [51:27] input [51:28] and [51:28] output [51:29] yung [51:29] merong [51:29] zero [51:30] rated [51:30] so [51:31] kung [51:32] meron pa tayong [51:33] additional [51:33] na [51:34] magiging [51:35] bagong [51:36] definition [51:37] ng gross [51:37] receipts [51:38] to exclude [51:38] yung [51:39] system [51:39] loss [51:40] so [51:40] kailangan [51:41] po [51:41] matingnan [51:42] ma-operationalize [51:44] dun sa [51:44] generation [51:45] how it [51:46] will be [51:46] implemented [51:47] in terms [51:47] of the [51:48] VAT [51:49] impact [51:50] of that [51:50] on the [51:51] generators [51:53] sa transmission [51:54] at ganoon [51:55] din po [51:55] sa [51:55] distribution [51:56] including [51:57] now [51:57] the [51:58] RES [51:58] so [51:59] pwede [51:59] din po [52:00] kasi [52:00] na mayroong [52:01] magiging [52:02] VAT [52:02] issue [52:02] pagdating [52:03] sa [52:04] retail [52:04] supply [52:05] and [52:06] then [52:06] number [52:06] two [52:07] on [52:07] the [52:07] system [52:08] loss [52:08] cap [52:08] reduction [52:09] this [52:10] was [52:10] also [52:11] proposed [52:12] we [52:12] support [52:14] that [52:16] but [52:16] let us [52:17] just [52:17] highlight [52:18] that [52:18] insofar [52:19] as [52:20] ERC [52:20] sa [52:21] prevailing [52:21] caps [52:22] naibaba [52:23] na po [52:23] natin [52:23] yan [52:24] from [52:24] then [52:25] levels [52:26] of [52:26] 12 [52:26] to [52:27] 14 [52:27] percent [52:28] ngayon [52:28] for the [52:29] private [52:29] distribution [52:30] utilities [52:30] it [52:31] has [52:31] gone [52:31] down [52:31] to [52:32] 5.5 [52:33] percent [52:34] comparable [52:34] din [52:35] siya [52:35] dun [52:35] sa [52:35] mga [52:35] ibang [52:36] jurisdictions [52:36] na [52:37] that [52:37] allow [52:38] for [52:38] this [52:39] allowance [52:39] system [52:41] loss [52:41] at [52:42] 5.5 [52:43] hindi [52:43] na po [52:44] yan [52:44] malayo [52:44] dun [52:45] sa [52:45] norm [52:45] but [52:46] as [52:47] mentioned [52:48] earlier [52:49] if [52:49] this [52:49] will [52:49] be [52:50] if [52:51] this [52:51] will [52:51] be [52:51] legislated [52:52] natanggal [52:52] in [52:53] so [52:53] in [52:53] effect [52:54] zero [52:54] zero [52:55] cap [52:55] na [52:55] tayo [52:56] and [52:57] that [52:57] will [52:57] that [52:58] will [52:58] of course [52:59] force [52:59] our [52:59] distribution [53:00] utilities [53:01] to [53:01] operate [53:01] more [53:02] efficiently [53:02] and [53:03] or [53:03] to [53:03] absorb [53:04] yung [53:04] cost [53:05] na [53:05] yan [53:05] and [53:06] and [53:06] dala [53:07] natin [53:07] hindi [53:07] naman [53:08] tayo [53:08] nag-iisip [53:09] lang [53:09] ng [53:10] mga [53:10] private [53:11] distribution [53:11] utilities [53:12] like [53:12] Meralco [53:13] and [53:13] the other [53:14] private [53:14] deals [53:14] na meron [53:15] kaming [53:16] sinasamang [53:17] rate of [53:17] return [53:18] dun sa [53:18] kanilang [53:19] investment [53:19] we're [53:20] talking [53:20] also [53:20] of [53:20] electric [53:21] cooperatives [53:22] hundreds [53:22] of [53:22] them [53:23] na [53:23] talagang [53:24] they [53:24] operate [53:24] purely [53:25] on [53:26] cash [53:26] flow [53:26] at [53:27] at [53:27] kung [53:27] wala [53:28] silang [53:28] extra [53:29] na [53:29] puhunan [53:30] or [53:31] capital [53:31] na [53:31] mailalabas [53:32] pang [53:33] cover [53:34] sa [53:35] gastos [53:35] na [53:35] yan [53:36] yung [53:36] kanila [53:36] namang [53:37] servisyo [53:37] ang [53:37] mag-suffer [53:38] and [53:38] of course [53:40] pag [53:41] nag-suffer [53:41] yung [53:41] servisyo [53:42] nila [53:42] pwedeng [53:43] lalong [53:43] tataas [53:44] yung [53:44] kanilang [53:45] system [53:45] loss [53:45] mag [53:46] mag [53:48] lalong [53:49] mag [53:49] aggravate [53:51] lang [53:51] dun sa [53:51] problema [53:52] nila [53:52] kung [53:53] sila [53:53] na [53:53] ang [53:54] sasalo [53:54] nitong [53:55] cost [53:55] na ito [53:56] associated [53:57] with [53:57] system [53:58] losses [53:58] quick [53:59] question [53:59] lang [54:00] worldwide [54:01] and in [54:01] particular [54:02] sa [54:02] asia [54:03] ano [54:03] yung [54:04] sinusundan [54:05] na [54:05] systems [54:06] loss [54:06] sa [54:09] ibang [54:10] mga [54:10] bansa [54:11] kasi [54:12] yun [54:12] naman [54:12] yung [54:13] benchmarking [54:13] natin [54:14] diba [54:14] how [54:14] is [54:14] it [54:15] handled [54:15] in [54:15] other [54:15] countries [54:16] i [54:19] don't [54:19] have [54:19] okay [54:20] so [54:20] can [54:20] you [54:20] get [54:20] somebody [54:21] who [54:21] can [54:21] give [54:21] us [54:21] that [54:22] because [54:22] me [54:23] as [54:23] a [54:23] non [54:23] technical [54:24] person [54:24] that [54:24] is [54:25] how [54:25] I [54:25] look [54:25] at [54:25] it [54:25] sila [54:26] paano [54:26] nila [54:26] hinahandle [54:27] yan [54:27] diba [54:27] and [54:28] then [54:28] I [54:28] want [54:28] to [54:28] point [54:29] out [54:29] dito [54:29] sa [54:29] presentation [54:30] nyo [54:30] na [54:31] may [54:31] sinabi [54:31] din [54:31] kayo [54:32] na [54:32] the [54:32] ERC [54:32] respectfully [54:33] posits [54:34] andyan [54:34] sa baba [54:34] everybody [54:35] can read [54:35] it [54:36] that [54:36] the cost [54:36] of [54:37] upgrading [54:37] distribution [54:38] facilities [54:39] or addressing [54:39] pilfridge [54:40] to meet [54:41] such [54:41] lowered [54:41] system [54:42] loss [54:42] should [54:43] be [54:44] weighed [54:44] against [54:44] the [54:45] benefits [54:45] so [54:46] medyo [54:46] you [54:46] pass [54:47] on [54:47] it [54:47] mamaya [54:47] we'll [54:48] ask [54:48] Nea [54:48] to [54:49] exemplify [54:49] kasi [54:50] alam [54:50] ko [54:50] na [54:51] ang [54:51] problema [54:51] parating [54:52] mga [54:52] cooperatives [54:53] natin [54:53] puhunan [54:53] nila [54:54] so [54:54] it's [54:55] like [54:55] a [54:55] vicious [54:55] cycle [54:55] hindi [54:56] sila [54:56] maka [54:56] upgrade [54:57] kasi [54:58] wala [54:58] silang [54:58] puhunan [54:59] so [54:59] bulok [54:59] bulok [54:59] na [54:59] ng [55:00] servisyo [55:00] hindi [55:01] pa [55:01] ma-upgrade [55:01] so [55:02] that's [55:03] why [55:03] ang [55:03] dami [55:03] natin [55:03] bills [55:04] na [55:04] sinama [55:04] dito [55:05] dahil [55:05] the [55:07] problem [55:08] there's [55:09] not [55:09] just [55:10] one [55:10] bill [55:10] that [55:10] can [55:11] solve [55:11] this [55:11] problem [55:11] there's [55:11] not [55:12] just [55:12] one [55:12] law [55:12] that [55:12] can [55:12] solve [55:13] this [55:13] problem [55:13] how [55:14] do [55:14] we [55:14] create [55:15] that [55:15] the [55:15] question [55:15] is [55:15] how [55:15] do [55:16] you [55:16] create [55:16] that [55:16] environment [55:17] like [55:17] like [55:17] you [55:17] said [55:17] maging [55:18] mas [55:18] efficient [55:18] sila [55:19] or [55:20] maybe [55:20] pag [55:20] grant [55:21] pa [55:21] lang [55:21] ng [55:21] franchise [55:21] siguruduhin [55:22] naman [55:22] natin [55:22] na [55:23] may [55:25] puhunan [55:26] talaga [55:26] itong [55:26] mga [55:26] ito [55:27] para [55:27] paanda [55:28] rin [55:28] ng [55:28] maayos [55:29] anyway [55:29] I [55:29] will [55:29] stop [55:30] there [55:30] no [55:30] you [55:32] said [55:32] Carlo [55:33] I [55:33] will [55:33] give [55:34] you [55:34] the [55:34] floor [55:34] and [55:35] then [55:35] after [55:36] I [55:36] might [55:36] shift [55:37] quickly [55:38] to [55:43] speak [55:44] and [55:44] then [55:44] balik [55:45] balik [55:45] tayo [55:45] so [55:45] we [55:46] have [55:46] two [55:46] perspectives [55:47] okay [55:47] go [55:48] ahead [55:48] you [55:48] say [55:49] Carlo [55:49] Adriano [55:49] for [55:49] DOF [55:50] good [55:51] afternoon [55:51] madam [55:51] chair [55:52] good [55:52] afternoon [55:52] everyone [55:52] don't [55:53] forget [55:53] the [55:53] question [55:53] of [55:53] senator [55:54] Ligart [55:54] just [55:54] waiting [55:56] for [55:56] my [55:56] slides [55:57] to [55:57] be [55:57] uploaded [55:57] so [55:59] next [56:00] slide [56:00] so [56:02] the [56:02] outline [56:03] of [56:03] next [56:04] slide [56:04] please [56:04] the [56:04] outline [56:05] of [56:05] my [56:05] presentation [56:05] as [56:06] follows [56:06] one [56:06] is [56:07] what [56:08] are [56:08] the [56:08] components [56:08] of [56:09] our [56:09] electricity [56:09] bill [56:10] second [56:11] why [56:12] is [56:12] our [56:12] electricity [56:13] price [56:13] high [56:14] in [56:14] the [56:14] philippines [56:15] and [56:15] third [56:16] what [56:16] are [56:17] the [56:17] consequences [56:17] of [56:18] that [56:18] exemption [56:18] on [56:19] electricity [56:20] next [56:21] slide [56:21] please [56:21] so [56:23] what [56:23] are [56:23] the [56:23] components [56:24] of [56:24] the [56:24] electricity [56:24] bill [56:25] next [56:25] slide [56:25] I [56:25] think [56:25] the [56:26] madam [56:26] chair [56:26] already [56:27] mentioned [56:27] this [56:28] as [56:28] mentioned [56:28] the [56:29] largest [56:30] share [56:30] to the [56:31] cost [56:31] is [56:31] the [56:32] generation [56:32] charge [56:32] at [56:33] 64% [56:34] it's [56:34] followed [56:35] by [56:35] distribution [56:35] at [56:36] 12 [56:36] transmission [56:37] at [56:37] 8% [56:38] and [56:38] then [56:39] the [56:39] 11% [56:39] are [56:40] the [56:40] other [56:40] charges [56:41] of [56:41] which [56:41] the [56:42] share [56:42] of [56:43] VAT [56:43] is [56:43] around [56:43] 7% [56:44] to [56:44] 9% [56:44] of [56:45] the [56:45] total [56:45] bill [56:46] so [56:46] maliit [56:47] po [56:47] ang [56:47] share [56:48] ng [56:48] VAT [56:48] dun [56:48] sa [56:49] electricity [56:49] price [56:50] ang [56:50] pinakamalaki [56:50] generation [56:51] and [56:52] if [56:52] you [56:52] combine [56:53] the [56:53] generation [56:53] transmission [56:54] and [56:54] distribution [56:55] it's [56:56] 84% [56:57] of [56:57] the [56:58] electricity [56:58] price [56:59] next [56:59] slide [57:00] now [57:01] why [57:02] is [57:02] generation [57:02] charge [57:03] high [57:03] in [57:03] the [57:03] Philippines [57:04] next [57:04] slide [57:04] so [57:05] we [57:06] researched [57:06] several [57:07] papers [57:08] I [57:08] will [57:08] just [57:08] mention [57:09] papers [57:10] of [57:10] Ravago [57:10] 2022 [57:11] Tabada [57:12] 2025 [57:13] Navarro [57:14] 2025 [57:15] Francisco [57:16] 2024 [57:17] Francisco [57:18] and [57:18] Basilio [57:18] 2024 [57:19] and [57:19] Flarete [57:20] 2016 [57:21] so [57:23] first [57:23] why [57:24] is [57:24] it [57:24] high [57:24] this [57:26] is [57:26] based [57:26] on [57:26] Tabada [57:27] paper [57:27] it's [57:28] basically [57:29] barriers [57:29] to [57:30] entry [57:30] it's [57:31] very [57:31] hard [57:31] for [57:32] new [57:32] players [57:32] to [57:32] enter [57:32] the [57:33] market [57:33] it [57:33] requires [57:34] around [57:34] 100 [57:35] to [57:35] 300 [57:36] plus [57:36] permits [57:37] and [57:38] it [57:38] will [57:38] take [57:38] 5 [57:39] to [57:39] 10 [57:40] years [57:40] before [57:40] you [57:41] can [57:41] actually [57:41] operate [57:42] sa [57:42] generation [57:42] po [57:43] neto [57:43] and [57:43] given [57:44] this [57:44] this [57:45] limits [57:45] competition [57:46] and [57:46] electricity [57:47] supply [57:48] second [57:49] po [57:49] is [57:49] yung [57:49] policy [57:50] related [57:51] cost [57:51] some [57:52] policies [57:53] legislated [57:53] through [57:54] a law [57:54] while [57:55] well [57:55] intention [57:56] can [57:56] add [57:57] to [57:57] cost [57:57] na [57:58] mention [57:58] na [57:58] po [57:58] dito [57:59] yung [57:59] fit [57:59] yung [58:00] sa [58:00] renewable [58:00] energy [58:01] Gaya [58:02] pinapasa [58:03] rin [58:03] po [58:03] sa [58:03] atin [58:03] universal [58:04] charge [58:05] pinapasa [58:05] po [58:08] real [58:09] property [58:10] tax [58:10] etc. [58:11] Lahat po [58:12] ito [58:12] legislated [58:13] by law [58:13] next [58:15] slide [58:15] will be [58:16] the [58:17] market [58:17] concentration [58:18] ito po [58:19] yung [58:19] monopolistic [58:20] or [58:21] oligopolistic [58:22] structure [58:22] of the [58:23] energy [58:23] market [58:23] so [58:24] in [58:24] fact [58:25] in [58:25] Luzon [58:26] seven [58:27] firms [58:27] control [58:28] 50% [58:29] of [58:29] the [58:29] supply [58:30] in [58:30] Visayas [58:31] two [58:32] control [58:32] 35% [58:33] and [58:34] in [58:35] Mindanao [58:35] three [58:36] control [58:37] 43% [58:38] of [58:38] the [58:38] market [58:39] and [58:40] this [58:40] weekend [58:40] competition [58:41] make it [58:41] more [58:42] difficult [58:42] for [58:42] prices [58:43] to [58:43] go [58:43] down [58:43] in [58:44] a [58:44] deregulated [58:45] market [58:45] the [58:46] fourth [58:47] one [58:47] is [58:47] inefficient [58:48] contracts [58:49] so [58:49] sa [58:49] mga [58:50] kontrata [58:50] po [58:50] there [58:51] is [58:51] what [58:51] we [58:51] call [58:52] take [58:52] or [58:52] pay [58:52] contract [58:53] so [58:54] kapag [58:54] sobra [58:55] sobra [58:55] po [58:55] yung [58:55] supply [58:56] ng [58:56] electricity [58:56] even [58:57] if [58:57] it's [58:57] not [58:57] used [58:58] we [58:58] actually [58:59] pay [58:59] for [58:59] it [58:59] and [59:00] one [59:00] example [59:01] mentioned [59:01] by [59:02] Ravago [59:02] in [59:02] 2022 [59:03] an [59:03] example [59:04] nung [59:04] Malampaya [59:04] 2021 [59:05] anong [59:06] nangyari [59:07] po [59:07] noon [59:07] we [59:07] anticipated [59:08] thin [59:09] supply [59:09] and [59:10] hence [59:10] we [59:11] purchase [59:11] inputs [59:12] na [59:12] mahal [59:13] so [59:13] that [59:13] we [59:13] will [59:13] have [59:14] enough [59:14] supply [59:15] but [59:15] unfortunately [59:16] hindi [59:17] po [59:17] nangyari [59:18] yung [59:18] thin [59:18] supply [59:19] and [59:19] hence [59:20] pinasa [59:20] po [59:20] lahat [59:21] yung [59:21] mahal [59:22] inputs [59:22] sa [59:23] consumers [59:23] po [59:23] because [59:24] of [59:24] this [59:24] take [59:25] or [59:25] pay [59:26] contracts [59:27] next [59:27] slide [59:28] the [59:29] fifth [59:30] is [59:30] limited [59:31] power [59:31] grid [59:32] transmission [59:33] constraints [59:34] limit [59:34] the [59:34] efficient [59:35] movement [59:36] of [59:36] electricity [59:37] even [59:38] when [59:38] cheaper [59:39] power [59:39] is [59:39] available [59:40] in [59:40] one [59:40] area [59:41] it [59:41] may [59:41] not [59:42] reach [59:42] other [59:42] regions [59:43] due [59:43] to [59:43] grid [59:43] limitations [59:44] as a [59:45] result [59:46] consumers [59:47] may [59:47] rely [59:47] on [59:47] more [59:48] expensive [59:48] local [59:49] supply [59:50] the [59:50] sixth [59:51] one [59:51] is [59:51] the [59:51] system [59:52] cost [59:52] this [59:52] is [59:52] basically [59:53] the [59:53] generation [59:53] cost [59:54] na [59:54] mahal [59:54] po [59:54] talaga [59:55] and [59:56] the [59:56] last [59:56] one [59:56] that [59:57] I [59:57] would [59:57] like [59:57] to [59:57] highlight [59:58] is [59:58] the [59:59] paper [1:00:00] Clarete [1:00:00] in [1:00:01] 2016 [1:00:01] he [1:00:03] estimated [1:00:05] the [1:00:05] cost [1:00:05] of [1:00:06] ease [1:00:06] of [1:00:06] doing [1:00:07] business [1:00:07] versus [1:00:08] removing [1:00:09] VAT [1:00:09] what he [1:00:10] estimated [1:00:11] is that [1:00:11] because [1:00:12] of [1:00:12] the [1:00:12] ease [1:00:13] of [1:00:13] doing [1:00:13] business [1:00:13] wherein [1:00:14] it [1:00:14] will [1:00:14] take [1:00:14] you [1:00:14] 5 [1:00:15] to [1:00:15] 10 [1:00:15] years [1:00:15] before [1:00:16] you [1:00:16] can [1:00:16] actually [1:00:16] operate [1:00:17] it [1:00:18] functions [1:00:18] like [1:00:19] a [1:00:19] 12% [1:00:20] tax [1:00:21] on [1:00:22] the [1:00:22] investor [1:00:23] and [1:00:24] take [1:00:24] note [1:00:24] wala [1:00:25] pong [1:00:25] revenue [1:00:26] tayo [1:00:26] nakuha [1:00:26] dito [1:00:27] kasi [1:00:27] po [1:00:28] natetenga [1:00:28] yung [1:00:28] project [1:00:29] for [1:00:29] 10 [1:00:29] years [1:00:29] it [1:00:30] functions [1:00:30] like [1:00:31] a [1:00:32] now [1:00:33] he [1:00:33] compared [1:00:33] that [1:00:34] if [1:00:34] you [1:00:34] remove [1:00:34] VAT [1:00:35] it [1:00:36] will [1:00:36] only [1:00:36] lower [1:00:36] by [1:00:37] around [1:00:37] 4% [1:00:38] and [1:00:38] take [1:00:39] note [1:00:39] when [1:00:39] we [1:00:39] impose [1:00:40] VAT [1:00:40] we [1:00:41] collect [1:00:41] revenues [1:00:42] that [1:00:42] we [1:00:42] can [1:00:42] use [1:00:43] for [1:00:43] government [1:00:44] projects [1:00:44] so [1:00:45] he [1:00:45] concluded [1:00:46] that [1:00:47] it's [1:00:47] actually [1:00:48] more [1:00:48] efficient [1:00:49] to [1:00:49] remove [1:00:49] that [1:00:50] to [1:00:50] improve [1:00:53] the ease [1:00:53] of doing [1:00:54] business [1:00:54] rather [1:00:55] than [1:00:55] removing [1:00:56] VAT [1:00:56] the [1:00:58] next [1:00:58] slide [1:00:59] is [1:00:59] what [1:00:59] is [1:00:59] the [1:01:00] VAT [1:01:00] treatment [1:01:00] of [1:01:01] electricity [1:01:01] by [1:01:02] our [1:01:02] neighbors [1:01:03] at [1:01:03] point [1:01:03] benchmarking [1:01:04] natin [1:01:05] dito [1:01:05] so [1:01:06] out [1:01:06] of [1:01:06] all [1:01:07] the [1:01:07] ASEAN [1:01:07] member [1:01:08] states [1:01:08] lahat [1:01:09] po [1:01:09] nag-impose [1:01:09] ng [1:01:09] VAT [1:01:10] except [1:01:10] only [1:01:11] Brunei [1:01:12] so [1:01:13] hindi [1:01:14] po [1:01:14] sa atin [1:01:15] unique [1:01:16] ang [1:01:16] nag-impose [1:01:17] ng [1:01:17] VAT [1:01:17] sa [1:01:17] electricity [1:01:18] and [1:01:19] we [1:01:19] take [1:01:19] note [1:01:20] that [1:01:20] VAT [1:01:21] is [1:01:21] an [1:01:21] ad [1:01:22] valorem [1:01:22] tax [1:01:23] it [1:01:25] based [1:01:25] based [1:01:25] on [1:01:26] the [1:01:26] value [1:01:27] or [1:01:27] price [1:01:28] of [1:01:28] the [1:01:29] electricity [1:01:29] so [1:01:30] kung [1:01:31] mataas [1:01:31] po [1:01:31] ang [1:01:31] base [1:01:32] price [1:01:32] ng [1:01:32] electricity [1:01:33] sa [1:01:33] atin [1:01:34] di [1:01:34] mataas [1:01:35] din [1:01:35] po [1:01:35] yung [1:01:35] VAT [1:01:35] but [1:01:36] if [1:01:36] the [1:01:37] base [1:01:37] price [1:01:37] of [1:01:37] electricity [1:01:38] is [1:01:38] low [1:01:38] then [1:01:39] mababa [1:01:39] din [1:01:40] po [1:01:40] yung [1:01:40] VAT [1:01:40] tulad [1:01:41] po [1:01:41] sa [1:01:41] ibang [1:01:42] ASAYAN [1:01:42] neighbors [1:01:43] natin [1:01:43] that [1:01:43] also [1:01:44] impose [1:01:44] VAT [1:01:45] on [1:01:46] electricity [1:01:46] next [1:01:49] slide [1:01:49] so [1:01:50] I [1:01:50] will [1:01:51] now [1:01:51] discuss [1:01:51] what [1:01:52] are [1:01:52] the [1:01:52] consequence [1:01:53] of [1:01:53] VAT [1:01:53] exemption [1:01:54] on [1:01:54] electricity [1:01:55] these [1:01:56] are [1:01:56] the [1:01:56] unintended [1:01:57] consequences [1:01:58] so [1:01:58] we [1:01:59] know [1:01:59] there [1:01:59] will [1:01:59] be [1:02:00] revenue [1:02:00] losses [1:02:00] but [1:02:01] what [1:02:01] are [1:02:01] the [1:02:02] unintended [1:02:02] consequences [1:02:03] of [1:02:03] exempting [1:02:04] VAT [1:02:04] including [1:02:05] po [1:02:06] yung [1:02:06] systems [1:02:06] loss [1:02:07] so [1:02:08] this [1:02:09] illustrates [1:02:10] po [1:02:10] yung [1:02:10] generation [1:02:11] so [1:02:11] electricity [1:02:12] is consumed [1:02:13] by final [1:02:13] consumers [1:02:14] ito [1:02:14] po [1:02:14] yung [1:02:14] first [1:02:14] scenario [1:02:15] so [1:02:16] you [1:02:16] have [1:02:16] the [1:02:16] whole [1:02:17] electricity [1:02:17] chain [1:02:18] and [1:02:19] then [1:02:19] ang [1:02:19] final demand [1:02:20] mo [1:02:20] is [1:02:20] with [1:02:20] household [1:02:21] so [1:02:22] we [1:02:23] have [1:02:23] the [1:02:23] generation [1:02:24] transmission [1:02:25] and [1:02:26] distribution [1:02:26] for [1:02:27] each [1:02:27] chain [1:02:28] meron [1:02:28] po [1:02:28] yung [1:02:29] inputs [1:02:29] mga [1:02:30] poste [1:02:31] capital [1:02:32] labor [1:02:32] rent [1:02:33] etc [1:02:33] etc [1:02:34] and [1:02:35] those [1:02:35] inputs [1:02:36] are [1:02:36] subject [1:02:37] to [1:02:38] VAT [1:02:38] now [1:02:40] kapag [1:02:40] exempt [1:02:41] po [1:02:41] yung [1:02:41] electricity [1:02:42] ibig [1:02:43] sabihin [1:02:43] po [1:02:44] nun [1:02:44] hindi [1:02:44] po [1:02:44] sila [1:02:45] makapag [1:02:45] claim [1:02:45] ng [1:02:46] input [1:02:47] VAT [1:02:47] so [1:02:48] ano [1:02:48] po [1:02:48] mangyayari [1:02:49] dun [1:02:49] sa [1:02:49] tiyatawag [1:02:50] naming [1:02:50] unrecoverable [1:02:52] input [1:02:52] VAT [1:02:52] it will [1:02:53] now [1:02:54] form [1:02:54] part [1:02:54] of [1:02:55] the [1:02:55] electricity [1:02:56] price [1:02:57] ipapasa [1:02:58] lang po [1:02:58] yan [1:02:59] sa [1:02:59] consumers [1:02:59] and [1:03:00] hence [1:03:01] ang [1:03:02] result [1:03:04] po [1:03:04] neto [1:03:04] for [1:03:05] the [1:03:05] household [1:03:05] level [1:03:06] it [1:03:07] can [1:03:07] be [1:03:07] lower [1:03:07] no [1:03:08] change [1:03:09] or [1:03:10] higher [1:03:10] prices [1:03:11] why [1:03:12] because [1:03:13] of [1:03:13] that [1:03:14] unrecoverable [1:03:15] input [1:03:15] VAT [1:03:16] that [1:03:16] will [1:03:16] now [1:03:16] form [1:03:17] part [1:03:17] of [1:03:17] the [1:03:17] price [1:03:18] and [1:03:19] the [1:03:19] current [1:03:19] structure [1:03:20] of the [1:03:20] market [1:03:20] monopoly [1:03:21] and [1:03:21] logistic [1:03:22] wala [1:03:23] po [1:03:23] masyadong [1:03:23] competition [1:03:24] so [1:03:24] kapag [1:03:24] tinanggal [1:03:25] mo [1:03:25] po [1:03:25] yung [1:03:25] VAT [1:03:26] it [1:03:26] can [1:03:26] be [1:03:27] just [1:03:27] be [1:03:27] part [1:03:27] of [1:03:28] their [1:03:28] new [1:03:28] markup [1:03:29] the [1:03:30] next [1:03:30] scenario [1:03:31] is [1:03:31] what [1:03:32] if [1:03:32] the [1:03:32] electricity [1:03:33] is [1:03:33] used [1:03:34] as [1:03:34] an [1:03:35] intermediate [1:03:35] input [1:03:36] by [1:03:36] businesses [1:03:37] ito [1:03:38] po [1:03:38] yung [1:03:38] mas [1:03:38] malala [1:03:39] ito [1:03:39] unintended [1:03:40] consequences [1:03:41] po [1:03:41] talaga [1:03:41] so [1:03:42] again [1:03:43] we have [1:03:44] manufacturer [1:03:45] one [1:03:46] here [1:03:46] so [1:03:47] again [1:03:47] lahat [1:03:48] po [1:03:48] ng [1:03:48] kanyang [1:03:48] input [1:03:49] is [1:03:49] subject [1:03:49] to [1:03:50] VAT [1:03:50] and [1:03:51] yung [1:03:51] output [1:03:51] niya [1:03:51] is [1:03:52] also [1:03:52] subject [1:03:53] to [1:03:53] VAT [1:03:53] now [1:03:55] as [1:03:55] I [1:03:55] mentioned [1:03:55] earlier [1:03:56] for [1:03:57] electricity [1:03:57] na [1:03:58] input [1:03:58] niya [1:03:59] meron [1:03:59] po [1:04:00] doon [1:04:00] na [1:04:00] unrecoverable [1:04:01] VAT [1:04:01] na ipapasa [1:04:02] sa [1:04:03] kanya [1:04:03] so [1:04:05] kasama [1:04:06] po [1:04:06] siya [1:04:06] ng [1:04:06] presyo [1:04:07] na [1:04:07] and [1:04:09] yung [1:04:09] presyo [1:04:09] po [1:04:10] na [1:04:10] yun [1:04:10] will [1:04:11] be [1:04:11] subject [1:04:11] to [1:04:11] VAT [1:04:12] because [1:04:12] he [1:04:13] cannot [1:04:13] claim [1:04:13] input [1:04:14] VAT [1:04:14] on [1:04:15] electricity [1:04:16] kaya [1:04:17] po [1:04:17] ang [1:04:17] mangyayari [1:04:18] kay [1:04:18] manufacturer [1:04:18] one [1:04:19] pa [1:04:19] lang [1:04:19] tataas [1:04:20] na [1:04:20] po [1:04:20] ang [1:04:20] kanyang [1:04:20] business [1:04:21] cost [1:04:21] operation [1:04:22] now [1:04:24] we [1:04:24] have [1:04:24] the [1:04:25] next [1:04:25] chain [1:04:26] is [1:04:26] logistics [1:04:26] ganun [1:04:27] din [1:04:27] po [1:04:27] yung [1:04:27] story [1:04:28] may [1:04:29] embedded [1:04:30] input [1:04:31] VAT [1:04:31] na [1:04:31] pinasa [1:04:32] sa [1:04:32] kanya [1:04:32] sa [1:04:32] electricity [1:04:33] and [1:04:34] will [1:04:34] also [1:04:34] be [1:04:35] part [1:04:35] of [1:04:35] the [1:04:35] computation [1:04:36] of [1:04:36] VAT [1:04:36] hence [1:04:38] ito [1:04:38] po [1:04:39] yung [1:04:39] tiyatawag [1:04:39] natin [1:04:40] naka-scathing [1:04:40] tax [1:04:41] na [1:04:41] mangyayari [1:04:42] po [1:04:42] for the [1:04:42] final [1:04:43] consumer [1:04:43] higher [1:04:44] prices [1:04:45] for all [1:04:45] goods [1:04:46] and [1:04:46] services [1:04:47] that [1:04:47] use [1:04:48] electricity [1:04:48] as [1:04:49] an [1:04:50] intermediate [1:04:50] input [1:04:51] yun [1:04:52] po [1:04:52] ang [1:04:52] ibig [1:04:52] sabihin [1:04:53] nito [1:04:53] this [1:04:54] is [1:04:54] consistent [1:04:54] with [1:04:55] the [1:04:55] study [1:04:55] made [1:04:55] by [1:04:56] World [1:04:56] Bank [1:04:56] and [1:04:56] IMF [1:04:57] na [1:04:57] ito [1:04:58] po [1:04:58] yung [1:04:58] unintended [1:04:59] consequences [1:04:59] when [1:05:00] you [1:05:00] exempt [1:05:01] an [1:05:01] intermediate [1:05:02] input [1:05:02] the [1:05:04] next [1:05:05] slide [1:05:05] po [1:05:05] malapit [1:05:06] na po [1:05:06] matapos [1:05:07] sorry [1:05:07] po [1:05:07] is [1:05:09] the [1:05:10] system [1:05:10] the [1:05:11] beneficiaries [1:05:12] so [1:05:13] kapag [1:05:14] in-example [1:05:14] natin [1:05:15] yung [1:05:15] VAT [1:05:15] yung [1:05:16] highest [1:05:16] 10% [1:05:17] household [1:05:18] will [1:05:19] capture [1:05:19] the [1:05:19] largest [1:05:20] share [1:05:20] of [1:05:20] around [1:05:21] 34.7 [1:05:22] billion [1:05:23] in [1:05:23] saving [1:05:24] this [1:05:24] is [1:05:24] assuming [1:05:25] complete [1:05:25] price [1:05:26] pass [1:05:26] through [1:05:26] on [1:05:28] the [1:05:28] other [1:05:29] hand [1:05:29] yung [1:05:29] lowest [1:05:30] 30 [1:05:30] households [1:05:31] or [1:05:31] the [1:05:31] bottom [1:05:32] 30 [1:05:32] yet [1:05:32] will [1:05:33] only [1:05:33] gain [1:05:34] a [1:05:34] tax [1:05:34] saving [1:05:34] of [1:05:35] a [1:05:35] maximum [1:05:35] of [1:05:36] 16.3 [1:05:36] bakit [1:05:37] po [1:05:37] maximum [1:05:38] it's [1:05:38] because [1:05:39] some [1:05:39] of [1:05:39] them [1:05:39] are [1:05:40] covered [1:05:40] by [1:05:40] the [1:05:40] lifeline [1:05:41] rate [1:05:41] subsidies [1:05:42] so [1:05:44] yun po [1:05:44] ang [1:05:44] ibig [1:05:45] sabihin [1:05:45] so [1:05:45] who [1:05:46] will [1:05:46] benefit [1:05:46] the [1:05:46] most [1:05:47] definitely [1:05:48] the [1:05:48] highest [1:05:49] income [1:05:49] decile [1:05:50] as [1:05:51] you [1:05:51] can [1:05:51] see [1:05:51] it's [1:05:51] 34.7 [1:05:52] the [1:05:53] highest [1:05:53] decile [1:05:53] versus [1:05:54] the [1:05:54] lowest [1:05:55] 30th [1:05:55] decile [1:05:56] 16.3 [1:05:57] double [1:05:57] than [1:05:59] the [1:05:59] lowest [1:05:59] 30th [1:06:00] the [1:06:00] next [1:06:00] slide [1:06:01] is [1:06:01] can [1:06:02] we [1:06:02] afford [1:06:03] losing [1:06:03] revenues [1:06:04] from [1:06:04] renewable [1:06:04] of [1:06:05] that [1:06:05] electricity [1:06:05] next [1:06:06] slide [1:06:06] so [1:06:07] in [1:06:07] the [1:06:07] DOF [1:06:08] for [1:06:08] this [1:06:09] year [1:06:09] we're [1:06:10] basically [1:06:11] financing [1:06:13] 6.8 [1:06:14] trillion [1:06:15] of our [1:06:16] budget [1:06:16] this [1:06:16] year [1:06:16] so [1:06:17] that [1:06:17] means [1:06:18] in [1:06:18] expenditure [1:06:19] that's [1:06:20] 18.6 [1:06:21] billion [1:06:21] every [1:06:22] day [1:06:22] financed [1:06:23] by [1:06:23] revenues [1:06:24] at [1:06:24] 13.65 [1:06:25] billion [1:06:26] every [1:06:26] day [1:06:27] and [1:06:27] through [1:06:27] loans [1:06:28] at [1:06:28] 4.96 [1:06:29] billion [1:06:29] now [1:06:30] if [1:06:30] we [1:06:30] reduce [1:06:31] our [1:06:31] revenue [1:06:31] collection [1:06:32] because [1:06:32] of [1:06:32] that [1:06:33] exemption [1:06:33] that [1:06:34] would [1:06:34] mean [1:06:34] incurring [1:06:35] more [1:06:35] debt [1:06:36] and [1:06:36] would [1:06:36] make [1:06:37] our [1:06:37] debt [1:06:38] or [1:06:38] deficit [1:06:38] or [1:06:39] borrowings [1:06:39] more [1:06:40] costly [1:06:40] which [1:06:41] ultimately [1:06:42] be [1:06:42] paid [1:06:42] by [1:06:43] the [1:06:43] future [1:06:43] Filipino [1:06:44] generation [1:06:44] it's [1:06:45] like [1:06:45] maxing [1:06:46] out [1:06:46] your [1:06:47] credit [1:06:47] card [1:06:47] the [1:06:48] next [1:06:49] slide [1:06:49] is [1:06:50] how [1:06:51] much [1:06:51] is [1:06:51] the [1:06:52] revenue [1:06:52] loss [1:06:52] it's [1:06:53] ranging [1:06:53] from [1:06:53] 84 [1:06:54] to [1:06:54] 106.5 [1:06:56] billion [1:06:56] a year [1:06:57] so [1:06:57] more [1:06:57] less [1:06:57] average [1:06:58] 91 [1:06:59] billion [1:07:00] a year [1:07:00] if [1:07:00] that [1:07:01] exempt [1:07:01] for [1:07:02] systems [1:07:02] loss [1:07:02] is [1:07:03] 6.1 [1:07:04] to [1:07:04] 8.4 [1:07:05] billion [1:07:06] a year [1:07:06] next [1:07:08] slide [1:07:08] so [1:07:09] what [1:07:10] is [1:07:10] 100 [1:07:11] billion [1:07:11] look [1:07:12] like [1:07:12] so [1:07:14] it's [1:07:15] we [1:07:15] take [1:07:15] note [1:07:15] that [1:07:15] the [1:07:16] four [1:07:16] piece [1:07:16] its [1:07:16] period [1:07:17] budget [1:07:17] is [1:07:17] around [1:07:17] 100 [1:07:18] billion [1:07:18] so [1:07:19] it can [1:07:21] mean [1:07:21] 4.4 [1:07:22] million [1:07:22] four [1:07:23] piece [1:07:23] beneficiaries [1:07:24] unserved [1:07:24] that [1:07:25] that [1:07:25] hundred [1:07:26] million [1:07:26] is [1:07:26] also [1:07:27] 28,720 [1:07:29] classrooms [1:07:29] for [1:07:30] 1.1 [1:07:31] to [1:07:31] 1.4 [1:07:32] million [1:07:32] students [1:07:33] it's [1:07:34] 5.2 [1:07:34] million [1:07:35] students [1:07:35] for [1:07:36] 100 [1:07:36] SUCs [1:07:37] and [1:07:38] 40 [1:07:38] regional [1:07:39] hospitals [1:07:39] that can [1:07:40] serve [1:07:40] 10 [1:07:41] million [1:07:41] patients [1:07:42] annually [1:07:42] yun [1:07:43] yun [1:07:43] yun [1:07:43] po [1:07:43] ang [1:07:43] katapat [1:07:44] ng [1:07:44] 100 [1:07:45] billion [1:07:46] pesos [1:07:46] po [1:07:46] na [1:07:46] mawawala [1:07:47] sa [1:07:47] atin [1:07:47] now [1:07:48] the [1:07:48] next [1:07:49] slide [1:07:49] will [1:07:50] be [1:07:50] on [1:07:50] the [1:07:51] systems [1:07:51] laws [1:07:52] we [1:07:52] take [1:07:52] note [1:07:53] Madam [1:07:53] Chair [1:07:53] I [1:07:53] think [1:07:54] this [1:07:54] is [1:07:54] one [1:07:54] of [1:07:54] your [1:07:55] requests [1:07:55] to [1:07:55] ERC [1:07:56] that [1:07:56] Malaysia [1:07:57] Thailand [1:07:57] Vietnam [1:07:58] and [1:07:59] Indonesia [1:07:59] also [1:08:00] impose [1:08:01] a [1:08:01] systems [1:08:01] laws [1:08:02] ang [1:08:03] pinagkaiba [1:08:04] po [1:08:04] sa [1:08:04] Pilipinas [1:08:05] through [1:08:05] the [1:08:05] ETHIRA [1:08:06] law [1:08:06] naka [1:08:07] disaggregate [1:08:08] po [1:08:09] yung [1:08:09] systems [1:08:09] law [1:08:10] sa [1:08:14] pinagkaiba [1:08:14] so [1:08:15] it's [1:08:15] not [1:08:15] unique [1:08:16] to [1:08:16] us [1:08:16] I [1:08:17] would [1:08:17] like [1:08:17] to [1:08:18] note [1:08:18] also [1:08:18] Madam [1:08:18] Chair [1:08:19] if [1:08:19] we [1:08:20] remove [1:08:21] the [1:08:21] systems [1:08:21] laws [1:08:22] assuming [1:08:23] that [1:08:24] this [1:08:24] generation [1:08:24] companies [1:08:25] will [1:08:25] maintain [1:08:26] the [1:08:27] same [1:08:27] level [1:08:27] of [1:08:27] ROI [1:08:28] or [1:08:28] return [1:08:28] on [1:08:29] investment [1:08:29] that [1:08:30] would [1:08:30] mean [1:08:30] higher [1:08:31] prices [1:08:31] lang [1:08:31] din [1:08:32] po [1:08:32] for [1:08:32] electricity [1:08:33] yun [1:08:34] lang [1:08:34] po [1:08:34] mangyayari [1:08:34] nun [1:08:35] next [1:08:37] slide [1:08:37] in [1:08:40] the [1:08:40] next [1:08:40] slide [1:08:40] ito [1:08:41] po [1:08:41] yung [1:08:41] mga [1:08:42] admin [1:08:42] problem [1:08:43] if [1:08:44] we [1:08:44] exempt [1:08:44] that [1:08:45] on [1:08:45] electricity [1:08:46] one [1:08:47] is [1:08:47] it [1:08:47] weakens [1:08:48] the [1:08:48] self [1:08:48] enforcing [1:08:49] nature [1:08:49] of [1:08:50] VAT [1:08:50] kasi [1:08:50] po [1:08:51] to [1:08:51] be [1:08:51] able [1:08:51] to [1:08:51] claim [1:08:52] input [1:08:52] VAT [1:08:53] nang [1:08:53] hihingi [1:08:54] ka po [1:08:54] ng [1:08:54] resibo [1:08:54] eh [1:08:55] so [1:08:55] it's [1:08:56] like [1:08:56] a [1:08:57] self [1:08:57] enforcing [1:08:58] thing [1:08:58] for [1:08:59] the [1:08:59] businesses [1:09:00] so [1:09:00] that [1:09:01] there's [1:09:01] an [1:09:01] incentive [1:09:01] to [1:09:02] actually [1:09:02] issue [1:09:03] receipts [1:09:03] because [1:09:03] you [1:09:04] can [1:09:04] claim [1:09:04] your [1:09:04] input [1:09:05] if [1:09:05] you [1:09:06] have [1:09:06] an [1:09:06] output [1:09:06] at [1:09:08] the [1:09:08] same [1:09:08] time [1:09:08] again [1:09:09] ito [1:09:09] yung [1:09:09] admin [1:09:10] cost [1:09:10] lang [1:09:10] which [1:09:10] I [1:09:11] will [1:09:11] not [1:09:11] discuss [1:09:11] anymore [1:09:12] and [1:09:12] then [1:09:13] finally [1:09:13] the [1:09:14] last [1:09:14] slide [1:09:14] there [1:09:15] was [1:09:15] a [1:09:15] study [1:09:16] made [1:09:16] by [1:09:16] NEDA [1:09:17] in [1:09:17] 2015 [1:09:18] on [1:09:19] the [1:09:19] impact [1:09:19] of [1:09:20] VAT [1:09:21] exemption [1:09:21] on [1:09:21] electricity [1:09:22] to [1:09:22] the [1:09:22] economy [1:09:23] and [1:09:23] they [1:09:24] found [1:09:24] that [1:09:24] the [1:09:24] net [1:09:25] impact [1:09:25] which [1:09:25] is [1:09:26] a [1:09:26] net [1:09:26] cost [1:09:26] is [1:09:27] a [1:09:27] 0.52 [1:09:28] percentage [1:09:29] point [1:09:29] reduction [1:09:30] in [1:09:31] real [1:09:31] GDP [1:09:32] that's [1:09:34] the [1:09:34] last [1:09:34] slide [1:09:35] of [1:09:35] my [1:09:35] presentation [1:09:36] Madam [1:09:37] Chair [1:09:37] on [1:09:37] the [1:09:37] question [1:09:38] of [1:09:38] Senator [1:09:39] Loren [1:09:39] unfortunately [1:09:41] the [1:09:41] systems [1:09:42] loss [1:09:42] is [1:09:42] part [1:09:43] of [1:09:43] the [1:09:43] gross [1:09:43] receipts [1:09:44] so [1:09:44] if [1:09:45] it's [1:09:45] part [1:09:45] of [1:09:45] the [1:09:45] gross [1:09:46] receipts [1:09:46] it's [1:09:46] subject [1:09:47] to [1:09:47] section [1:09:49] 108 [1:09:50] of [1:09:50] the [1:09:51] NIRC [1:09:52] I [1:09:55] note [1:09:55] that [1:09:56] in [1:09:56] 2024 [1:09:57] the [1:10:00] Bureau of [1:10:00] Internal Revenue [1:10:01] had already [1:10:02] stopped [1:10:03] collecting [1:10:04] the [1:10:05] VAT [1:10:05] on [1:10:06] UCME [1:10:07] when [1:10:08] previously [1:10:08] it was [1:10:09] collecting [1:10:10] just like [1:10:10] systems [1:10:11] laws [1:10:11] now [1:10:11] and [1:10:12] sinasabi [1:10:13] po [1:10:13] nila [1:10:13] na [1:10:14] hindi [1:10:14] kaya [1:10:15] pero [1:10:15] sumunod [1:10:16] 2024 [1:10:17] just [1:10:18] kindly [1:10:19] correct [1:10:19] the [1:10:19] information [1:10:20] if [1:10:20] this [1:10:21] is [1:10:21] accurate [1:10:21] thank [1:10:22] you [1:10:22] I [1:10:23] could have [1:10:23] third [1:10:23] on [1:10:23] for [1:10:24] Senator [1:10:24] I [1:10:25] yes [1:10:25] because [1:10:26] of [1:10:26] RMC [1:10:27] 116 [1:10:27] 2024 [1:10:28] the [1:10:29] universal [1:10:29] charge [1:10:30] was [1:10:30] exempted [1:10:31] for [1:10:31] the [1:10:31] payment [1:10:32] of [1:10:32] BAT [1:10:32] because [1:10:32] it's [1:10:33] already [1:10:33] a [1:10:33] government [1:10:33] mandated [1:10:34] charges [1:10:35] so [1:10:35] therefore [1:10:36] because [1:10:36] the [1:10:37] universal [1:10:38] charges [1:10:39] was [1:10:39] limited [1:10:40] to [1:10:40] the [1:10:40] PISAM [1:10:41] which [1:10:41] will be [1:10:42] the [1:10:42] one [1:10:43] to [1:10:43] distribute [1:10:44] the [1:10:44] universal [1:10:44] charges [1:10:45] Ibig [1:10:46] ko [1:10:46] lang [1:10:46] sabihin [1:10:47] Madam [1:10:47] Chair [1:10:47] pag [1:10:48] gugustuhin [1:10:49] kaya [1:10:50] ibabah [1:10:50] ang [1:10:51] kuryente [1:10:51] at [1:10:52] no [1:10:52] cost [1:10:53] to [1:10:54] the [1:10:55] consumers [1:10:55] ginawa [1:10:56] na yan [1:10:57] ng [1:10:57] DIR [1:10:57] sa [1:10:58] UCME [1:10:59] tapos [1:10:59] I [1:10:59] just [1:11:00] take [1:11:00] note [1:11:00] on [1:11:01] the [1:11:01] example [1:11:01] raised [1:11:02] by [1:11:02] the [1:11:02] DOF [1:11:03] pag [1:11:04] tanggalin [1:11:05] ang VAT [1:11:06] o ibabah [1:11:06] ang VAT [1:11:07] mawawala [1:11:08] ng subsidy [1:11:08] ang [1:11:09] SUC [1:11:09] hindi po [1:11:11] appos [1:11:11] and up [1:11:11] it's a [1:11:12] general [1:11:12] pool [1:11:12] in [1:11:13] Arga [1:11:13] So [1:11:14] for those [1:11:15] who do not [1:11:15] understand [1:11:16] the budget [1:11:16] and that's [1:11:17] not [1:11:17] those [1:11:18] in the [1:11:18] room [1:11:18] those [1:11:19] who are [1:11:19] watching [1:11:19] ah [1:11:20] ganun ba [1:11:21] huwag [1:11:21] natin [1:11:22] i-mislead [1:11:22] sasabihin [1:11:23] natin [1:11:23] ehemplo [1:11:24] ito [1:11:25] pwede mo [1:11:26] rin [1:11:26] sabihin [1:11:27] kung [1:11:27] maging [1:11:28] systematic [1:11:29] efficient [1:11:29] at [1:11:30] bawasan [1:11:31] o tanggalin [1:11:32] ang [1:11:32] katiwalian [1:11:33] korupsyon [1:11:34] ay [1:11:35] kaya [1:11:35] natin [1:11:36] na walang [1:11:36] epekto [1:11:37] sa taong [1:11:38] bayan [1:11:38] huwag [1:11:39] niyo [1:11:39] sabihin [1:11:39] pag [1:11:40] walang [1:11:40] VAT [1:11:40] walang [1:11:41] SUC [1:11:41] pag [1:11:42] walang [1:11:42] VAT [1:11:43] walang [1:11:43] tulong [1:11:44] sa DOH [1:11:45] hindi naman [1:11:46] naka [1:11:46] earmark [1:11:46] ang VAT [1:11:47] para sa [1:11:48] edukasyon [1:11:49] at para [1:11:49] sa [1:11:49] kalusugan [1:11:50] iklaro [1:11:51] natin [1:11:51] ganun [1:11:51] kasi [1:11:52] yung [1:11:52] example [1:11:52] nyo [1:11:52] hinunpick [1:11:53] nyo [1:11:54] yung [1:11:54] maintindihan [1:11:55] ng [1:11:55] tao [1:11:55] eh [1:11:56] 6 [1:11:56] billion [1:11:57] eh [1:11:58] magkano [1:11:59] ba [1:11:59] yung [1:11:59] ninanakaw [1:12:01] sa [1:12:01] gobyerno [1:12:01] or [1:12:02] nawawala [1:12:03] sa [1:12:03] inefficiency [1:12:03] okay [1:12:05] so [1:12:05] just [1:12:06] I just [1:12:06] wanted [1:12:06] that [1:12:07] pointed [1:12:07] out [1:12:07] you [1:12:08] don't [1:12:08] have [1:12:08] to [1:12:08] answer [1:12:08] because [1:12:09] I'm [1:12:09] sure [1:12:09] my [1:12:10] statement [1:12:10] is [1:12:11] accurate [1:12:11] because [1:12:11] that [1:12:12] is [1:12:12] not [1:12:13] earmark [1:12:14] for [1:12:14] education [1:12:14] and [1:12:15] for [1:12:15] health [1:12:15] thank you [1:12:17] Madam Chair [1:12:17] initial reaction [1:12:20] lang sa [1:12:21] presentation [1:12:21] ng DOH [1:12:22] kasi [1:12:23] kanina [1:12:24] sinabi mo [1:12:25] yung mga [1:12:25] figures [1:12:25] ng ASEAN [1:12:26] pero [1:12:28] alam mo ba [1:12:28] na [1:12:28] ang [1:12:30] per [1:12:30] kilowatt [1:12:31] hour [1:12:31] ng [1:12:32] electricity [1:12:33] sa [1:12:33] Indonesia [1:12:34] is [1:12:34] 91 [1:12:37] US [1:12:37] cents [1:12:37] sa [1:12:40] Malaysia [1:12:40] 50 [1:12:41] US [1:12:41] cents [1:12:42] sa [1:12:43] Thailand [1:12:44] 12 [1:12:48] or [1:12:49] 13 [1:12:49] cents [1:12:50] US [1:12:50] sa [1:12:52] Pilipinas [1:12:53] 29 [1:12:54] cents [1:12:54] 21 [1:12:55] cents [1:12:56] so [1:12:56] ibig [1:12:56] sabihin [1:12:57] tayo [1:12:58] pa rin [1:12:58] ang [1:12:58] pinakamataas [1:12:59] tama [1:12:59] okay [1:13:01] sa [1:13:02] Indonesia [1:13:03] sinasubsidize [1:13:05] nila [1:13:05] ang [1:13:06] electricity [1:13:06] ang [1:13:07] subsidy [1:13:08] nila [1:13:08] is [1:13:08] 11.1 [1:13:09] billion [1:13:10] pesos [1:13:10] sa [1:13:12] Malaysia [1:13:12] 2.8 [1:13:14] billion [1:13:14] pesos [1:13:15] sa [1:13:17] Thailand [1:13:17] 1.8 [1:13:19] billion [1:13:19] pesos [1:13:20] sa [1:13:21] Pilipinas [1:13:22] magkano [1:13:24] can you [1:13:26] tell us [1:13:27] it's [1:13:29] practically [1:13:29] zero [1:13:30] tama [1:13:31] do not [1:13:33] begin [1:13:34] by [1:13:34] comparing [1:13:34] with [1:13:34] this [1:13:35] kasi [1:13:35] ang [1:13:35] pinag-uusapan [1:13:36] natin [1:13:36] tayo [1:13:37] pa rin [1:13:37] ang [1:13:37] pinakamataas [1:13:38] ang [1:13:38] electricidad [1:13:39] dito [1:13:39] sa [1:13:39] Asia [1:13:40] and [1:13:41] that [1:13:41] runs [1:13:41] counter [1:13:42] to [1:13:42] the [1:13:42] very [1:13:42] objective [1:13:43] of [1:13:43] EPIRA [1:13:44] hindi [1:13:45] hindi [1:13:45] ba [1:13:45] sabi [1:13:46] ng [1:13:46] EPIRA [1:13:46] section [1:13:48] 2 [1:13:48] the [1:13:49] declaration [1:13:49] of [1:13:49] objectives [1:13:50] to [1:13:51] ensure [1:13:53] the [1:13:53] delivery [1:13:54] of [1:13:55] equitable [1:13:55] secure [1:13:58] quality [1:13:59] reliable [1:14:00] and [1:14:01] affordable [1:14:02] rates [1:14:03] of [1:14:03] electricity [1:14:04] how do [1:14:04] you [1:14:05] counter [1:14:05] the [1:14:06] laws [1:14:06] primary [1:14:08] objective [1:14:09] of [1:14:10] giving out [1:14:11] to the [1:14:11] consumers [1:14:11] affordable [1:14:12] rates [1:14:12] of [1:14:13] electricity [1:14:13] kung [1:14:15] titignan [1:14:15] po [1:14:16] sub [1:14:16] section [1:14:16] F [1:14:17] ano [1:14:17] sinasabi [1:14:17] ron [1:14:18] kasi [1:14:19] kailangan [1:14:19] nating [1:14:20] maging [1:14:20] competitive [1:14:21] in the [1:14:21] world [1:14:22] market [1:14:23] kailangan [1:14:23] ng [1:14:23] business [1:14:24] sabi niya [1:14:25] you [1:14:25] draw your [1:14:25] attention [1:14:26] to the [1:14:26] section [1:14:28] 2 [1:14:28] of [1:14:28] EPIRA [1:14:29] paano [1:14:30] magiging [1:14:31] competitive [1:14:33] ang presyo [1:14:34] mo [1:14:34] pagkata [1:14:36] sinasabi [1:14:37] mo [1:14:37] yung [1:14:37] negative [1:14:37] impact [1:14:38] ng [1:14:38] alisin [1:14:39] ng [1:14:39] bat [1:14:39] bla [1:14:39] bla [1:14:39] bla [1:14:40] doon ka [1:14:41] nagkoconcentrate [1:14:42] lang [1:14:43] eh [1:14:43] madam [1:14:43] chair [1:14:43] did you [1:14:45] ever [1:14:45] compute [1:14:46] or [1:14:46] make [1:14:46] a [1:14:47] simulation [1:14:47] make [1:14:48] a [1:14:48] simulation [1:14:49] as [1:14:49] to [1:14:50] for [1:14:51] example [1:14:51] nung [1:14:51] bumaba [1:14:52] yung [1:14:52] bat [1:14:52] na [1:14:52] electricity [1:14:53] how [1:14:54] much [1:14:54] will [1:14:55] that [1:14:55] be [1:14:55] on [1:14:55] the [1:14:55] production [1:14:56] cost [1:14:56] of [1:14:56] every [1:14:57] business [1:14:57] in this [1:14:58] country [1:14:58] have [1:14:59] you [1:15:00] resorted [1:15:00] just to [1:15:01] a [1:15:02] crude [1:15:03] simulation [1:15:04] mr. [1:15:06] chair [1:15:06] on that [1:15:08] wala [1:15:08] pa [1:15:08] but [1:15:08] that [1:15:09] is [1:15:09] the [1:15:09] whole [1:15:10] problem [1:15:10] because [1:15:10] you [1:15:11] present [1:15:11] to us [1:15:12] only [1:15:12] one [1:15:12] side [1:15:12] of [1:15:13] the [1:15:13] issue [1:15:13] what [1:15:15] what [1:15:15] if [1:15:15] I [1:15:15] tell [1:15:15] you [1:15:16] na [1:15:16] kahit [1:15:16] na [1:15:16] hindi [1:15:17] ako [1:15:17] economist [1:15:17] na [1:15:17] katulad [1:15:18] mo [1:15:18] I [1:15:18] am [1:15:19] in a [1:15:19] position [1:15:19] to [1:15:20] present [1:15:20] you [1:15:20] a [1:15:20] simulation [1:15:21] kasi [1:15:22] dapat [1:15:23] yun [1:15:23] natingnan [1:15:23] ninyo [1:15:24] how [1:15:24] much [1:15:24] it is [1:15:25] for [1:15:25] the [1:15:25] business [1:15:26] sector [1:15:26] imagine [1:15:27] for [1:15:27] example [1:15:28] a [1:15:28] company [1:15:29] which [1:15:30] production [1:15:30] cost [1:15:31] is [1:15:31] something [1:15:31] like [1:15:31] 50% [1:15:32] or [1:15:33] 60% [1:15:34] halimbawa [1:15:35] madame [1:15:36] chair [1:15:36] yung gumagawa [1:15:37] ng [1:15:37] yellow [1:15:38] ang [1:15:39] production [1:15:40] cost [1:15:41] is [1:15:41] 70% [1:15:42] sabihin [1:15:43] mo [1:15:43] sa [1:15:43] kanya [1:15:44] ibababa [1:15:44] naalisin [1:15:45] natin [1:15:45] ng [1:15:45] 12% [1:15:46] but [1:15:46] gaano [1:15:47] madame [1:15:48] chair [1:15:49] ang iikot [1:15:50] ng [1:15:50] ekonomiya [1:15:50] mo [1:15:51] wala [1:15:52] kayong [1:15:52] simulation [1:15:53] tingnan mo [1:15:55] ang nangyari [1:15:55] madame [1:15:55] chair [1:15:56] first quarter [1:15:57] growth [1:15:57] ng ating [1:15:58] bansa [1:15:58] is [1:15:58] 2.8% [1:15:59] this is [1:16:00] the lowest [1:16:01] in the [1:16:01] entire [1:16:01] history [1:16:02] of this [1:16:02] country [1:16:02] may hindi [1:16:04] nyo [1:16:04] napapagalaw [1:16:05] kung [1:16:05] ano [1:16:05] papano [1:16:05] gagalaw [1:16:06] ang [1:16:06] economic [1:16:07] engine [1:16:07] kaya [1:16:08] tayo [1:16:09] nag-iisip [1:16:09] lahat [1:16:09] sana [1:16:10] ng [1:16:10] paraan [1:16:10] you have [1:16:11] not [1:16:11] even [1:16:12] do [1:16:18] any [1:16:18] simulation [1:16:21] ikot [1:16:21] ang [1:16:21] ekonomiya [1:16:21] natin [1:16:22] baka [1:16:22] anong [1:16:23] malay [1:16:23] mo [1:16:23] yung [1:16:25] 2.8% [1:16:26] natin [1:16:26] dapat [1:16:27] siguro [1:16:27] 8.2% [1:16:28] yun [1:16:28] baka [1:16:30] for the [1:16:30] first [1:16:30] time [1:16:30] madam [1:16:31] chair [1:16:31] ang [1:16:32] growth [1:16:32] natin [1:16:32] is [1:16:32] 10% [1:16:33] na hindi [1:16:34] pa [1:16:34] natin [1:16:35] nagagawa [1:16:35] sa [1:16:36] buong [1:16:36] buhay [1:16:36] natin [1:16:37] because [1:16:37] ang [1:16:39] laki [1:16:39] yata [1:16:39] ng [1:16:39] kaugnayan [1:16:40] ng [1:16:40] tax [1:16:40] I made [1:16:41] an [1:16:42] initial [1:16:43] simulation [1:16:43] the [1:16:44] relationship [1:16:44] of [1:16:45] taxes [1:16:45] to the [1:16:47] gross [1:16:47] value [1:16:47] added [1:16:48] and [1:16:48] the [1:16:49] relation [1:16:49] of [1:16:49] taxes [1:16:50] meron [1:16:51] siyang [1:16:53] I'm not [1:16:55] finished [1:16:55] with [1:16:56] my [1:16:56] simulation [1:16:57] but [1:16:57] initially [1:16:57] kailangan [1:16:58] natin [1:16:59] mag [1:16:59] experiment [1:17:00] at [1:17:02] yung [1:17:02] mawawala [1:17:03] sa atin [1:17:03] ang [1:17:04] estimate [1:17:04] ko [1:17:04] is [1:17:04] about [1:17:05] 150 [1:17:05] billion [1:17:06] pesos [1:17:06] sa [1:17:07] natin [1:17:07] kukunin [1:17:08] I have [1:17:08] ways [1:17:10] to do [1:17:10] this [1:17:11] in [1:17:12] proper [1:17:12] time [1:17:12] I will [1:17:13] show [1:17:13] you [1:17:13] how [1:17:13] thank [1:17:14] you [1:17:14] madam [1:17:14] chair [1:17:15] do [1:17:19] you [1:17:19] want [1:17:19] to [1:17:19] respond [1:17:20] madam [1:17:21] chair [1:17:21] on [1:17:22] the [1:17:23] effect [1:17:23] of [1:17:24] the [1:17:24] vat [1:17:24] exemption [1:17:25] to [1:17:25] businesses [1:17:25] it [1:17:26] was [1:17:26] mentioned [1:17:27] in [1:17:27] slide [1:17:27] 13 [1:17:28] it [1:17:29] will [1:17:29] actually [1:17:29] make [1:17:30] their [1:17:30] operational [1:17:31] costs [1:17:31] higher [1:17:32] because [1:17:33] one [1:17:34] they are [1:17:35] unrecoverable [1:17:36] input [1:17:37] vat [1:17:37] that [1:17:37] will [1:17:38] now [1:17:38] form [1:17:38] part [1:17:39] of [1:17:39] the [1:17:39] electricity [1:17:40] price [1:17:40] na [1:17:41] doon [1:17:41] sa [1:17:41] businesses [1:17:42] since [1:17:43] wala nga [1:17:43] pong [1:17:44] input [1:17:44] yung [1:17:45] electricity [1:17:45] they [1:17:46] cannot [1:17:46] claim [1:17:46] input [1:17:47] vat [1:17:47] to [1:17:48] the [1:17:48] electricity [1:17:48] nila [1:17:49] po [1:17:49] mismo [1:17:50] present [1:17:51] your [1:17:52] simulation [1:17:52] I'll [1:17:53] present [1:17:53] mine [1:17:53] also [1:17:53] in [1:17:54] proper [1:17:54] time [1:17:55] sige [1:17:55] po [1:17:55] this [1:17:56] is [1:17:56] consistent [1:17:57] po [1:17:57] with [1:17:57] the [1:17:57] study [1:17:58] of [1:17:58] IMF [1:17:58] and [1:17:59] World [1:17:59] Bank [1:17:59] at least [1:18:00] on that [1:18:01] basic [1:18:01] thing [1:18:01] that [1:18:01] you're [1:18:02] saying [1:18:02] any [1:18:03] businessman [1:18:03] will [1:18:04] understand [1:18:04] that [1:18:04] pag [1:18:04] hindi [1:18:05] mo [1:18:05] mababawi [1:18:05] yung [1:18:06] input [1:18:07] and [1:18:07] output [1:18:08] ikaw [1:18:09] gagastus [1:18:09] nun [1:18:09] so [1:18:09] yung [1:18:10] mga [1:18:10] kunyari [1:18:10] ito [1:18:11] na lang [1:18:11] example [1:18:11] pag [1:18:12] kayong [1:18:12] nag [1:18:13] import [1:18:14] ka [1:18:14] ng [1:18:14] nag [1:18:15] import [1:18:17] ka [1:18:17] hindi [1:18:17] ka [1:18:18] nagbayad [1:18:18] ng [1:18:18] vat [1:18:19] mo [1:18:19] dun [1:18:19] maraming [1:18:19] ganon [1:18:20] di ba [1:18:20] yung [1:18:21] you [1:18:23] import [1:18:23] smuggled [1:18:27] you [1:18:27] smuggled [1:18:28] it [1:18:28] so [1:18:29] wala [1:18:29] ka [1:18:29] later [1:18:31] on [1:18:31] pagbenta [1:18:31] mo [1:18:32] wala kang [1:18:32] counterpart [1:18:34] na [1:18:34] input [1:18:36] vat [1:18:36] na [1:18:36] mababawi [1:18:37] I think [1:18:37] that's [1:18:37] what [1:18:37] you're [1:18:38] saying [1:18:38] you're [1:18:38] not [1:18:38] disagreeing [1:18:39] with [1:18:40] the [1:18:40] senator [1:18:41] but [1:18:41] you're [1:18:41] just [1:18:41] pointing [1:18:41] out [1:18:42] that [1:18:42] that's [1:18:42] basic [1:18:43] in [1:18:43] the [1:18:43] way [1:18:45] the [1:18:45] input [1:18:45] and [1:18:45] output [1:18:46] vat [1:18:46] works [1:18:47] most [1:18:48] business [1:18:48] men [1:18:48] understand [1:18:49] that [1:18:49] kasi [1:18:49] they'll [1:18:50] say [1:18:50] na [1:18:50] wala [1:18:50] tayong [1:18:50] input [1:18:51] dyan [1:18:51] makabili [1:18:52] kami [1:18:52] mag-offer [1:18:53] sa'yo [1:18:53] ng [1:18:53] murang [1:18:54] materials [1:18:55] murang [1:18:56] raw [1:18:58] materials [1:18:58] pero [1:18:59] under the [1:19:01] table [1:19:01] or smuggled [1:19:02] so [1:19:02] wala kang [1:19:02] input [1:19:04] vat [1:19:04] na [1:19:05] mababawi [1:19:05] later [1:19:06] on [1:19:06] anyway [1:19:06] let's [1:19:07] leave [1:19:07] it [1:19:07] mahaba [1:19:08] at [1:19:08] madugo [1:19:09] itong [1:19:09] diskusyon [1:19:10] na [1:19:10] ito [1:19:10] in light [1:19:16] with what [1:19:16] you said [1:19:17] mahirap [1:19:18] talaga [1:19:18] yung [1:19:18] input [1:19:18] output [1:19:19] what is [1:19:19] the [1:19:20] effect [1:19:20] of [1:19:20] just [1:19:21] zero [1:19:21] rating [1:19:21] instead [1:19:22] of [1:19:22] exempting [1:19:23] so [1:19:26] zero [1:19:26] rate [1:19:26] natin [1:19:27] ng [1:19:27] systems [1:19:27] laws [1:19:28] o [1:19:28] hindi [1:19:29] kayo [1:19:29] mahirapan [1:19:29] sa [1:19:29] input [1:19:30] output [1:19:30] for [1:19:32] the [1:19:32] revenue [1:19:33] it [1:19:33] will [1:19:33] be [1:19:33] higher [1:19:33] it's [1:19:34] around [1:19:34] 158 [1:19:35] billion [1:19:36] per [1:19:36] year [1:19:36] for [1:19:37] the [1:19:38] businesses [1:19:38] it [1:19:39] will [1:19:39] be [1:19:39] neutral [1:19:39] wala [1:19:40] pong [1:19:40] impact [1:19:40] sa [1:19:40] cost [1:19:41] of [1:19:41] businesses [1:19:42] nila [1:19:42] yun [1:19:42] kasi [1:19:43] nga [1:19:43] po [1:19:43] since [1:19:43] wala [1:19:44] ng [1:19:44] output [1:19:44] and [1:19:45] then [1:19:45] wala [1:19:45] din [1:19:45] namang [1:19:45] input [1:19:46] so [1:19:46] cost [1:19:47] neutral [1:19:47] po [1:19:48] yan [1:19:48] for [1:19:48] businesses [1:19:48] yung [1:19:49] what [1:19:49] zero [1:19:50] rating [1:19:50] for [1:19:51] businesses [1:19:51] for [1:19:55] the [1:19:55] consumers [1:19:56] assuming [1:19:57] po [1:19:57] na [1:19:57] complete [1:19:58] price [1:19:58] pass [1:19:59] through [1:19:59] pwede [1:20:01] pong [1:20:01] bumaba [1:20:01] walang [1:20:03] efekto [1:20:03] sa [1:20:03] business [1:20:04] anong [1:20:05] pwedeng [1:20:05] bumaba [1:20:06] siyempre [1:20:06] bababa [1:20:06] pag [1:20:07] magtatanggal [1:20:07] ka [1:20:07] ng [1:20:08] buis [1:20:08] bababa [1:20:09] mas [1:20:10] iba [1:20:10] konti [1:20:10] bababa [1:20:11] tapos [1:20:12] wala [1:20:12] namang [1:20:12] efekto [1:20:12] sa [1:20:13] business [1:20:13] so [1:20:13] pwedeng [1:20:13] zero [1:20:14] rated [1:20:14] diba [1:20:15] at [1:20:16] saka [1:20:16] yun [1:20:17] nga [1:20:17] yung [1:20:17] puntos [1:20:18] e [1:20:18] nagtatanggal [1:20:19] na [1:20:19] kayo [1:20:20] ng [1:20:20] VAT [1:20:21] sa [1:20:21] UC [1:20:23] UCME [1:20:24] e [1:20:24] so [1:20:25] yung [1:20:25] dadagdagan [1:20:26] ko [1:20:26] yung [1:20:27] lifeline [1:20:27] yung [1:20:27] senior [1:20:28] citizens [1:20:28] na [1:20:28] VAT [1:20:29] ninyo [1:20:30] pwede [1:20:31] naman [1:20:31] tanggalin [1:20:32] kasi [1:20:32] it's [1:20:33] the same [1:20:33] principle [1:20:33] as [1:20:34] UCME [1:20:34] pero [1:20:34] sabi [1:20:35] nga [1:20:35] ni [1:20:35] chair [1:20:35] o [1:20:36] sige [1:20:36] magpresent [1:20:36] sa [1:20:36] iba [1:20:37] yun [1:20:37] ang [1:20:37] puntos [1:20:38] ko [1:20:38] pwede [1:20:39] ginawa [1:20:39] ng [1:20:39] BIR [1:20:40] ng [1:20:40] 2024 [1:20:41] thank you [1:20:42] crisis [1:20:48] talaga [1:20:48] maski [1:20:48] counting [1:20:49] bawas [1:20:50] lang [1:20:50] malaking [1:20:50] bagay [1:20:51] at [1:20:52] ginawa [1:20:52] na nga [1:20:53] ng [1:20:53] BIR [1:20:53] ng [1:20:56] 2024 [1:20:56] so [1:20:57] ang [1:20:57] UC [1:20:58] at [1:20:58] lifeline [1:20:59] at [1:20:59] senior [1:20:59] citizens [1:20:59] pwede [1:21:00] systems [1:21:00] laws [1:21:00] similar [1:21:01] in [1:21:02] principle [1:21:02] that's [1:21:03] just [1:21:03] my [1:21:03] point [1:21:03] sige [1:21:06] let's [1:21:06] move [1:21:07] on [1:21:07] we [1:21:07] have [1:21:08] 30 [1:21:08] minutes [1:21:09] and [1:21:09] so [1:21:09] many [1:21:10] resource [1:21:10] persons [1:21:11] to [1:21:11] call [1:21:11] on [1:21:11] I'll [1:21:13] call [1:21:13] on [1:21:13] Miralco [1:21:14] attorney [1:21:14] valias [1:21:16] you [1:21:16] have [1:21:17] the [1:21:17] floor [1:21:17] sir [1:21:17] and [1:21:17] then [1:21:17] please [1:21:18] be [1:21:18] ready [1:21:19] Philippine [1:21:19] Independent [1:21:20] Power [1:21:21] Producers [1:21:21] Association [1:21:22] thank [1:21:24] you [1:21:25] madam [1:21:25] chair [1:21:25] good [1:21:27] afternoon [1:21:27] to [1:21:28] all [1:21:28] the [1:21:28] members [1:21:29] of [1:21:29] the [1:21:29] senate [1:21:29] we [1:21:31] first [1:21:31] of [1:21:32] all [1:21:32] we'd [1:21:32] like [1:21:32] to [1:21:32] thank [1:21:32] the [1:21:32] community [1:21:33] for [1:21:33] this [1:21:33] opportunity [1:21:33] to [1:21:34] explain [1:21:34] Miralco [1:21:35] position [1:21:35] and [1:21:36] just [1:21:37] for [1:21:37] emphasis [1:21:37] we [1:21:38] are [1:21:38] supporting [1:21:39] all [1:21:39] the [1:21:39] measures [1:21:39] that [1:21:40] are [1:21:40] intended [1:21:41] to [1:21:41] reduce [1:21:41] the [1:21:41] cost [1:21:42] of [1:21:43] electricity [1:21:43] to [1:21:43] our [1:21:43] end [1:21:44] users [1:21:44] I [1:21:47] hope [1:21:47] plan [1:21:47] that [1:21:47] we [1:21:48] can [1:21:48] review [1:21:48] all [1:21:48] the [1:21:48] components [1:21:49] of [1:21:49] the [1:21:49] bill [1:21:49] and [1:21:50] determine [1:21:50] if [1:21:51] there [1:21:51] are [1:21:51] issues [1:21:52] on [1:21:52] each [1:21:52] of [1:21:52] them [1:21:53] so [1:21:54] that [1:21:54] 100% [1:21:55] of [1:21:55] the [1:21:55] benefit [1:21:56] will [1:21:56] really [1:21:56] go [1:21:57] to [1:21:57] the [1:21:57] consumers [1:21:58] and [1:21:59] that [1:21:59] for [1:22:01] the [1:22:01] information [1:22:01] of [1:22:02] the [1:22:02] committee [1:22:03] we [1:22:03] have [1:22:04] already [1:22:04] submitted [1:22:04] our [1:22:05] responses [1:22:06] to [1:22:07] the [1:22:07] initial [1:22:07] set [1:22:07] of [1:22:07] questions [1:22:08] that [1:22:08] were [1:22:09] given [1:22:09] to [1:22:09] us [1:22:10] and [1:22:10] we [1:22:11] are [1:22:11] asking [1:22:11] the [1:22:11] committee [1:22:12] for [1:22:12] the [1:22:12] opportunity [1:22:13] to [1:22:13] submit [1:22:13] in [1:22:14] more [1:22:14] details [1:22:15] the [1:22:15] additional [1:22:16] comments [1:22:17] that [1:22:17] we [1:22:17] have [1:22:17] on [1:22:17] all [1:22:18] the [1:22:18] bills [1:22:19] but [1:22:20] on [1:22:20] two [1:22:20] points [1:22:21] only [1:22:21] first [1:22:22] on [1:22:22] the [1:22:23] value [1:22:23] added [1:22:24] tax [1:22:24] as [1:22:26] correctly [1:22:26] pointed [1:22:27] out [1:22:27] earlier [1:22:28] assuming [1:22:30] that [1:22:31] may [1:22:32] bad [1:22:33] example [1:22:33] electricity [1:22:36] then [1:22:37] there [1:22:38] will [1:22:38] be [1:22:38] an [1:22:38] input [1:22:39] tax [1:22:39] that [1:22:39] we [1:22:40] will [1:22:40] not [1:22:40] be [1:22:40] able [1:22:40] to [1:22:40] charge [1:22:41] or [1:22:42] to [1:22:42] upset [1:22:42] against [1:22:42] the [1:22:43] output [1:22:43] tax [1:22:44] so [1:22:44] tama [1:22:44] po [1:22:45] yung [1:22:45] suggestion [1:22:45] kanina [1:22:46] and [1:22:46] we [1:22:46] support [1:22:47] that [1:22:47] instead [1:22:47] of [1:22:48] VAT [1:22:48] exempt [1:22:48] dapat [1:22:49] zero [1:22:49] rated [1:22:50] so [1:22:50] that [1:22:50] the [1:22:51] entire [1:22:51] benefit [1:22:51] will [1:22:52] accrue [1:22:53] to [1:22:53] the [1:22:53] consumers [1:22:54] and [1:22:55] then [1:22:55] on [1:22:56] the [1:22:56] second [1:22:56] point [1:22:57] on [1:22:57] the [1:22:57] system [1:22:57] law [1:22:58] sabi [1:22:58] po [1:22:58] naipaliwanag [1:22:59] po [1:22:59] kanina [1:23:00] ng [1:23:00] Energy [1:23:01] Regulatory [1:23:01] Commission [1:23:02] at [1:23:03] system [1:23:07] loss [1:23:07] sa [1:23:08] totoo [1:23:08] lang [1:23:08] yan [1:23:09] ay [1:23:09] parte [1:23:10] ng [1:23:10] generation [1:23:10] cost [1:23:12] ng [1:23:12] generation [1:23:15] companies [1:23:15] so [1:23:16] ang [1:23:18] system [1:23:20] loss [1:23:21] po [1:23:21] kung [1:23:22] hindi [1:23:23] natin [1:23:23] papayagang [1:23:24] ma-recover [1:23:25] sa [1:23:26] consumers [1:23:26] malaki [1:23:27] po [1:23:27] ang [1:23:27] impact [1:23:28] nyan [1:23:28] sa [1:23:29] mga [1:23:29] distribution [1:23:30] utilities [1:23:30] kung [1:23:31] distribution [1:23:31] utilities [1:23:32] po [1:23:32] ang [1:23:32] mag-aabsorb [1:23:33] ng [1:23:33] system [1:23:34] loss [1:23:34] bid [1:23:35] indicap [1:23:36] kung [1:23:37] hindi [1:23:37] po [1:23:37] yan [1:23:37] pa [1:23:37] i-recover [1:23:39] sa [1:23:39] mga [1:23:39] distribution [1:23:40] utilities [1:23:40] hindi [1:23:41] rin [1:23:41] po [1:23:41] yan [1:23:41] mababayaran [1:23:42] ng [1:23:42] mga [1:23:42] distribution [1:23:43] utilities [1:23:43] sa [1:23:44] generation [1:23:44] companies [1:23:45] sa [1:23:46] kanila [1:23:46] naman [1:23:47] talaga [1:23:47] ang [1:23:48] part [1:23:49] naman [1:23:49] talaga [1:23:49] ng [1:23:49] generation [1:23:51] cost [1:23:51] ang [1:23:51] system [1:23:51] loss [1:23:52] so [1:23:53] pag [1:23:54] hindi [1:23:54] po [1:23:54] yan [1:23:54] nabayaran [1:23:55] sa [1:23:55] generation [1:23:56] companies [1:23:57] gagawin [1:23:57] din [1:23:58] lang [1:23:58] nilang [1:23:58] parte [1:23:58] ng [1:23:59] presyo [1:24:00] ng [1:24:00] kuryente [1:24:01] nila [1:24:02] system [1:24:03] loss [1:24:03] so [1:24:03] tataas [1:24:04] din po [1:24:04] ang presyo [1:24:05] ng [1:24:05] kuryente [1:24:06] natin [1:24:06] hindi lang [1:24:07] po [1:24:07] natin [1:24:08] alam [1:24:08] kung [1:24:08] mag-oopset [1:24:09] yung [1:24:10] dagdag [1:24:10] na yun [1:24:11] sa [1:24:11] kabawasan [1:24:11] sa tatanggalin [1:24:13] ng [1:24:13] system [1:24:13] loss [1:24:13] so [1:24:14] sana po [1:24:15] mapag-aralan [1:24:15] natin [1:24:16] yun [1:24:16] kung [1:24:16] distribution [1:24:17] utilities [1:24:18] naman po [1:24:18] ay [1:24:18] mapipilitan [1:24:19] na [1:24:20] mag-absorb [1:24:23] ng [1:24:23] system [1:24:24] loss [1:24:24] as part [1:24:25] of the [1:24:26] distribution [1:24:26] utilities [1:24:27] business [1:24:27] risk [1:24:28] sana po [1:24:29] maunawaan [1:24:30] din [1:24:30] natin [1:24:30] na [1:24:31] ang [1:24:31] distribution [1:24:32] utilities [1:24:32] gaya po [1:24:33] ng [1:24:33] ibang [1:24:33] negosyo [1:24:34] ay [1:24:35] maging [1:24:36] invest [1:24:36] para [1:24:37] mabawasan [1:24:38] ang [1:24:38] risk [1:24:38] na yan [1:24:39] at [1:24:39] yung [1:24:39] cost [1:24:41] ng [1:24:41] investment [1:24:41] na yan [1:24:42] ay [1:24:42] malaki [1:24:42] din [1:24:42] po [1:24:43] so [1:24:43] for [1:24:44] every [1:24:44] 1% [1:24:45] reduction [1:24:47] in [1:24:47] a [1:24:48] non-technical [1:24:48] loss [1:24:48] that's [1:24:49] about [1:24:49] 13 [1:24:49] billion [1:24:50] so [1:24:50] estimated [1:24:51] namin [1:24:51] 13 [1:24:51] billion [1:24:52] annually [1:24:53] na [1:24:53] additional [1:24:54] cost [1:24:54] so [1:24:54] dapat [1:24:55] po [1:24:55] sabi [1:24:55] nga po [1:24:56] dun [1:24:56] sa slide [1:24:56] kanina [1:24:57] ng [1:24:57] energy [1:24:58] regulatory [1:24:58] commission [1:24:59] dapat [1:24:59] may [1:24:59] timbang [1:25:00] natin [1:25:00] kung [1:25:01] makakabuti [1:25:02] ba [1:25:02] talaga [1:25:02] na [1:25:02] tanggalin [1:25:03] yung [1:25:03] system [1:25:03] loss [1:25:04] pero [1:25:04] magtataas [1:25:05] naman [1:25:05] ang [1:25:06] gastusin [1:25:06] ng mga [1:25:06] utility [1:25:07] na [1:25:08] i-apply [1:25:08] nila [1:25:09] as part [1:25:09] ng [1:25:09] kanilang [1:25:10] rate [1:25:10] ganoon [1:25:11] din po [1:25:12] kung [1:25:12] ipapasa [1:25:13] ito [1:25:13] sa [1:25:13] generation [1:25:13] companies [1:25:14] itataas [1:25:15] din nila [1:25:15] ang cost [1:25:16] ng [1:25:16] kanilang [1:25:16] generation [1:25:17] at [1:25:19] ipapasa [1:25:19] din nila [1:25:20] sa mga [1:25:20] utilities [1:25:21] at [1:25:21] sa mga [1:25:21] eventually [1:25:22] sa end [1:25:22] users [1:25:23] sana po [1:25:23] ma-way [1:25:26] natin [1:25:26] mabuti [1:25:26] yun lamang po [1:25:28] madam chair [1:25:29] thank you [1:25:30] thank you [1:25:41] we'll need [1:25:43] you for [1:25:43] many [1:25:44] more [1:25:45] discussions [1:25:47] but thank [1:25:47] you for [1:25:47] focusing on [1:25:48] that [1:25:48] for now [1:25:49] thank you [1:25:49] let's go [1:25:50] now to [1:25:51] pipa [1:25:52] attorney [1:25:52] diane [1:25:53] uy [1:25:53] you have [1:25:53] the floor [1:25:54] and then [1:25:55] please be [1:25:55] ready [1:25:55] all the [1:25:56] others [1:25:56] we'll [1:25:56] really [1:25:57] try to [1:25:57] maximize [1:25:58] the time [1:25:58] that we [1:25:58] have [1:25:59] good [1:26:00] afternoon [1:26:00] madam [1:26:00] chair [1:26:01] and to [1:26:01] the rest [1:26:02] of the [1:26:02] participants [1:26:03] of today's [1:26:03] discussion [1:26:04] we submitted [1:26:05] a presentation [1:26:06] to outline [1:26:07] pipa's [1:26:08] comments [1:26:08] thank you [1:26:15] so the [1:26:16] comments [1:26:16] and concerns [1:26:16] of pipa [1:26:17] on the [1:26:17] proposed [1:26:18] bills [1:26:18] and [1:26:18] resolutions [1:26:19] may be [1:26:19] summarized [1:26:20] into [1:26:20] five [1:26:21] themes [1:26:21] first [1:26:23] on to [1:26:23] slide [1:26:24] four [1:26:24] please [1:26:25] first [1:26:26] on the [1:26:26] vat [1:26:26] exemption [1:26:27] of [1:26:27] electricity [1:26:27] sales [1:26:28] generally [1:26:29] pipa [1:26:30] supports [1:26:30] the [1:26:31] measures [1:26:31] that [1:26:31] reduce [1:26:32] electricity [1:26:32] costs [1:26:33] for [1:26:33] consumers [1:26:33] provided [1:26:34] that [1:26:35] these [1:26:35] measures [1:26:35] are [1:26:36] implemented [1:26:36] in a [1:26:37] way [1:26:37] that [1:26:37] is [1:26:37] tax [1:26:37] neutral [1:26:38] administratively [1:26:39] feasible [1:26:40] and not [1:26:40] non-disruptive [1:26:42] to the [1:26:43] energy [1:26:43] sector [1:26:43] in [1:26:45] implementing [1:26:45] these [1:26:45] measures [1:26:46] pipa [1:26:46] respectfully [1:26:47] submits [1:26:48] that [1:26:48] input [1:26:48] vat [1:26:49] recovery [1:26:49] of [1:26:49] members [1:26:50] of [1:26:50] the [1:26:50] energy [1:26:50] sector [1:26:51] must [1:26:51] be [1:26:52] protected [1:26:52] the [1:26:53] effect [1:26:53] of [1:26:54] non-recovery [1:26:54] was [1:26:55] also [1:26:55] touched [1:26:55] on [1:26:56] by [1:26:56] USEC [1:26:56] Adriano [1:26:57] or [1:26:58] if [1:26:58] the [1:26:58] partial [1:26:59] or [1:26:59] full [1:26:59] vat [1:27:00] exemption [1:27:00] be [1:27:00] proceeded [1:27:01] with [1:27:01] pipa [1:27:02] further [1:27:03] submits [1:27:03] that [1:27:03] the [1:27:03] law [1:27:03] should [1:27:04] include [1:27:04] a [1:27:04] mechanism [1:27:05] allowing [1:27:05] generators [1:27:06] to [1:27:06] recover [1:27:07] credit [1:27:08] refund [1:27:08] or [1:27:09] otherwise [1:27:09] neutralize [1:27:10] input [1:27:11] vat [1:27:11] attributable [1:27:12] to [1:27:12] electricity [1:27:13] supply [1:27:14] on the [1:27:15] other [1:27:15] hand [1:27:15] existing [1:27:17] contracts [1:27:17] such as [1:27:18] power supply [1:27:18] agreements [1:27:19] and [1:27:19] Wesson [1:27:20] settlements [1:27:20] arrangements [1:27:21] and [1:27:22] recovery [1:27:22] ERC [1:27:24] approved [1:27:24] cost [1:27:24] recovery [1:27:25] must be [1:27:26] preserved [1:27:26] second [1:27:28] slide [1:27:29] six [1:27:30] piece [1:27:30] on [1:27:30] system [1:27:31] loss [1:27:31] pipa [1:27:32] would [1:27:32] like [1:27:32] to [1:27:33] emphasize [1:27:33] that [1:27:33] any [1:27:34] system [1:27:34] loss [1:27:34] legislation [1:27:35] should [1:27:35] remain [1:27:36] focused [1:27:36] on [1:27:37] DU [1:27:37] performance [1:27:38] and [1:27:38] consumer [1:27:39] billing [1:27:39] and [1:27:40] recommends [1:27:40] that [1:27:40] the [1:27:40] proposed [1:27:41] bills [1:27:41] include [1:27:42] clear [1:27:42] non-imperiment [1:27:43] language [1:27:44] and [1:27:44] safeguards [1:27:45] ensuring [1:27:47] that [1:27:47] unrecoverable [1:27:48] system [1:27:48] losses [1:27:49] are not [1:27:49] shifted [1:27:50] to [1:27:50] generation [1:27:51] companies [1:27:51] or [1:27:52] embedded [1:27:52] generators [1:27:53] third [1:27:55] on [1:27:55] reforms [1:27:56] to [1:27:56] electricity [1:27:56] subsidies [1:27:57] and [1:27:57] taxation [1:27:58] with [1:27:59] respect [1:27:59] to [1:28:00] senate [1:28:00] bill [1:28:00] number [1:28:01] 2112 [1:28:02] pipa [1:28:03] agrees [1:28:03] that [1:28:03] greater [1:28:04] government [1:28:04] appropriations [1:28:05] for [1:28:05] lifeline [1:28:06] subsidies [1:28:06] is a [1:28:07] positive [1:28:08] step [1:28:08] toward [1:28:08] a [1:28:09] more [1:28:09] sustainable [1:28:10] funding [1:28:10] mechanism [1:28:11] it also [1:28:13] recommends [1:28:13] conducting [1:28:14] a [1:28:14] comprehensive [1:28:15] financial [1:28:15] impact [1:28:16] study [1:28:16] to assess [1:28:17] long-term [1:28:18] implications [1:28:19] slide [1:28:20] nine [1:28:20] please [1:28:21] on [1:28:21] senate [1:28:22] resolution [1:28:22] number [1:28:23] 375 [1:28:23] pipa [1:28:24] agrees [1:28:25] with [1:28:25] the [1:28:25] policy [1:28:26] shift [1:28:26] since [1:28:27] moving [1:28:27] the [1:28:27] funding [1:28:28] of [1:28:28] social [1:28:28] subsidies [1:28:29] from [1:28:29] consumer [1:28:30] electricity [1:28:30] bills [1:28:31] to [1:28:31] the [1:28:32] national [1:28:32] budget [1:28:34] will [1:28:34] accurately [1:28:35] reflect [1:28:35] generation [1:28:36] costs [1:28:37] or true [1:28:37] cost [1:28:38] of [1:28:38] power [1:28:38] generation [1:28:39] and lower [1:28:40] the direct [1:28:40] rates [1:28:41] consumers pay [1:28:42] to the [1:28:42] energy [1:28:43] sector [1:28:43] on senate [1:28:45] bill [1:28:45] number [1:28:46] 1963 [1:28:48] or slide [1:28:48] 10 [1:28:49] pipa [1:28:50] supports [1:28:51] clear tax [1:28:51] treatment [1:28:52] for [1:28:53] pass-through [1:28:53] charges [1:28:54] but [1:28:54] recommends [1:28:55] precise [1:28:56] definitions [1:28:57] and [1:28:58] implementation [1:28:59] guidelines [1:28:59] to avoid [1:29:00] disputes [1:29:01] and [1:29:01] compliance [1:29:01] risks [1:29:02] the last [1:29:03] two [1:29:04] your [1:29:04] madam [1:29:05] chair [1:29:05] is on [1:29:05] regulatory [1:29:06] oversight [1:29:07] and [1:29:07] strategies [1:29:08] against [1:29:08] global [1:29:09] energy [1:29:09] pressures [1:29:10] but I [1:29:10] guess [1:29:10] we can [1:29:11] skim [1:29:12] it over [1:29:12] since [1:29:13] we [1:29:13] already [1:29:13] submitted [1:29:13] the [1:29:14] presentation [1:29:14] thank [1:29:15] you [1:29:15] madam [1:29:15] chair [1:29:15] that [1:29:16] would [1:29:16] be [1:29:16] all [1:29:16] for [1:29:16] pipa [1:29:17] thank [1:29:19] you [1:29:19] for [1:29:19] taking [1:29:19] time [1:29:20] to [1:29:20] comment [1:29:20] give us [1:29:22] general [1:29:22] comments [1:29:22] on all [1:29:22] of [1:29:23] those [1:29:23] so [1:29:23] we [1:29:23] can [1:29:23] digest [1:29:24] it [1:29:24] and [1:29:24] then [1:29:24] dissect [1:29:26] it [1:29:26] at a [1:29:26] later [1:29:26] time [1:29:27] at [1:29:28] this [1:29:28] point [1:29:28] I'd [1:29:29] like [1:29:29] to [1:29:29] call [1:29:30] on [1:29:31] Naya [1:29:32] attorney [1:29:34] Rosanne [1:29:35] Rosero [1:29:35] you have [1:29:36] the floor [1:29:36] yes [1:29:37] good [1:29:37] afternoon [1:29:37] madam [1:29:39] chair [1:29:39] let me [1:29:40] go straight [1:29:41] to the [1:29:41] senate [1:29:42] bills [1:29:42] where [1:29:43] we [1:29:44] have [1:29:45] some [1:29:46] comments [1:29:46] although [1:29:47] in [1:29:47] general [1:29:47] we [1:29:48] are [1:29:48] in [1:29:49] support [1:29:49] of [1:29:49] all [1:29:50] the [1:29:50] senate [1:29:50] bills [1:29:50] but [1:29:50] let me [1:29:51] just [1:29:51] go [1:29:51] through [1:29:52] some [1:29:52] of [1:29:52] which [1:29:53] we [1:29:53] have [1:29:53] specific [1:29:53] comments [1:29:54] general [1:29:54] because [1:29:55] now [1:29:56] is [1:29:56] not [1:29:56] the [1:29:56] time [1:29:56] to [1:29:57] dissect [1:29:57] because [1:29:58] really [1:29:58] the [1:29:58] focus [1:29:58] is [1:29:59] on [1:29:59] the [1:29:59] electricity [1:29:59] bill [1:30:00] itself [1:30:00] so [1:30:01] if [1:30:01] you [1:30:01] have [1:30:02] if [1:30:03] you [1:30:03] can [1:30:03] highlight [1:30:04] those [1:30:04] items [1:30:05] and [1:30:05] then [1:30:06] just [1:30:06] general [1:30:06] statements [1:30:07] on [1:30:07] VAT [1:30:08] which [1:30:09] is [1:30:09] a [1:30:10] major [1:30:10] concern [1:30:10] right [1:30:11] now [1:30:11] yes [1:30:11] I [1:30:12] will [1:30:12] do [1:30:12] that [1:30:12] madam [1:30:13] chair [1:30:13] thank [1:30:13] you [1:30:13] now [1:30:14] for [1:30:14] senate [1:30:14] bill [1:30:15] number [1:30:15] 61 [1:30:16] 266 [1:30:17] 496 [1:30:19] the [1:30:20] national [1:30:21] electrification [1:30:21] you have [1:30:21] to tell [1:30:22] me [1:30:22] what [1:30:22] that [1:30:22] is [1:30:22] I [1:30:23] do [1:30:23] not [1:30:23] memorize [1:30:24] that [1:30:25] 61 [1:30:26] refers [1:30:28] to [1:30:28] the [1:30:28] not [1:30:29] exempting [1:30:29] electricity [1:30:30] sales [1:30:30] from [1:30:31] value [1:30:31] added [1:30:31] tax [1:30:32] this [1:30:32] is [1:30:33] the [1:30:33] same [1:30:33] with [1:30:33] section [1:30:34] 2 [1:30:34] senate [1:30:35] bill [1:30:35] 266 [1:30:37] an act [1:30:37] to lower [1:30:38] the [1:30:38] price [1:30:38] you can [1:30:39] just [1:30:39] refer [1:30:39] to [1:30:39] the [1:30:39] bills [1:30:40] on [1:30:40] VAT [1:30:41] exemptions [1:30:41] okay [1:30:42] so [1:30:42] these [1:30:47] three [1:30:47] bills [1:30:48] that [1:30:48] I [1:30:48] mentioned [1:30:48] refer [1:30:49] to [1:30:49] the [1:30:50] VAT [1:30:51] exemptions [1:30:52] now [1:30:53] the [1:30:53] proposed [1:30:53] exemption [1:30:54] of [1:30:54] electricity [1:30:55] sales [1:30:55] from [1:30:55] VAT [1:30:56] may [1:30:56] result [1:30:56] in [1:30:56] lower [1:30:57] electricity [1:30:57] costs [1:30:58] across [1:30:58] consumer [1:30:58] sectors [1:30:59] including [1:30:59] residential [1:31:00] and [1:31:01] industrial [1:31:01] users [1:31:02] based [1:31:02] on [1:31:03] sample [1:31:03] rate [1:31:03] analysis [1:31:04] by an [1:31:04] electric [1:31:04] cooperative [1:31:05] the [1:31:06] removal [1:31:06] of [1:31:07] VAT [1:31:07] may [1:31:07] reduce [1:31:08] electricity [1:31:08] bills [1:31:09] by [1:31:10] approximately [1:31:10] 9% [1:31:11] to [1:31:11] 10% [1:31:12] depending [1:31:12] on the [1:31:13] applicable [1:31:13] billing [1:31:14] components [1:31:14] this [1:31:15] reduction [1:31:16] may [1:31:16] improve [1:31:17] the [1:31:17] affordability [1:31:18] of [1:31:18] electricity [1:31:18] for [1:31:19] households [1:31:19] and [1:31:20] may [1:31:20] provide [1:31:21] cost [1:31:21] relief [1:31:22] to [1:31:22] commercial [1:31:22] establishments [1:31:23] and [1:31:24] industrial [1:31:24] users [1:31:25] whose [1:31:26] operations [1:31:27] depend [1:31:27] heavily [1:31:28] on [1:31:28] electricity [1:31:29] but this [1:31:30] is how [1:31:30] this [1:31:31] is now [1:31:32] our [1:31:32] proviso [1:31:33] statement [1:31:35] considering [1:31:36] that we [1:31:37] have [1:31:37] gathered [1:31:39] or required [1:31:40] our [1:31:40] electric [1:31:41] cooperatives [1:31:42] to comment [1:31:42] on this [1:31:43] bill [1:31:43] before [1:31:43] we have [1:31:44] submitted [1:31:45] just for [1:31:45] the record [1:31:46] Madam Chair [1:31:46] we have [1:31:47] already [1:31:47] submitted [1:31:48] a soft [1:31:49] copy [1:31:49] of this [1:31:49] comment [1:31:50] to the [1:31:51] Secretary [1:31:51] target [1:31:52] however [1:31:53] Nea [1:31:54] echoes [1:31:55] the [1:31:55] common [1:31:55] sentiments [1:31:56] of [1:31:56] ECS [1:31:57] that [1:31:57] under [1:31:58] the [1:31:58] current [1:31:58] VAT [1:31:59] system [1:31:59] electric [1:32:00] cooperatives [1:32:01] are able [1:32:02] to offset [1:32:02] input [1:32:03] VAT [1:32:03] from [1:32:04] operational [1:32:04] purchases [1:32:05] against [1:32:06] output [1:32:07] VAT [1:32:07] collected [1:32:08] from [1:32:08] electricity [1:32:08] sales [1:32:09] in the [1:32:10] event [1:32:11] that [1:32:11] electricity [1:32:11] sales [1:32:12] become [1:32:13] VAT [1:32:13] exempt [1:32:13] the [1:32:14] ECS [1:32:15] will no [1:32:15] longer [1:32:15] generate [1:32:16] output [1:32:17] VAT [1:32:17] against [1:32:17] which [1:32:18] input [1:32:18] VAT [1:32:18] may be [1:32:19] credited [1:32:19] I would [1:32:22] assume [1:32:23] as [1:32:24] the [1:32:24] sentiment [1:32:25] of the [1:32:26] COPS [1:32:26] I guess [1:32:27] complements [1:32:28] the [1:32:28] presentation [1:32:30] of [1:32:30] USEC [1:32:30] Adriano [1:32:32] of the [1:32:33] DOF [1:32:33] while the [1:32:35] generation [1:32:35] and [1:32:36] transmission [1:32:36] charges [1:32:37] may [1:32:37] likewise [1:32:37] become [1:32:38] VAT [1:32:38] exempt [1:32:39] under [1:32:40] the [1:32:40] proposed [1:32:40] measure [1:32:41] the [1:32:41] ECS [1:32:41] will [1:32:41] continue [1:32:42] to [1:32:42] incur [1:32:42] input [1:32:43] VAT [1:32:43] on [1:32:43] distribution [1:32:44] related [1:32:44] purchases [1:32:45] operating [1:32:46] expenses [1:32:46] materials [1:32:47] and [1:32:48] maintenance [1:32:48] services [1:32:49] necessary [1:32:49] for the [1:32:50] operation [1:32:50] and [1:32:50] upkeep [1:32:51] of the [1:32:51] distribution [1:32:52] system [1:32:52] in the [1:32:53] absence [1:32:54] of [1:32:54] output [1:32:54] VAT [1:32:55] this [1:32:55] input [1:32:56] VAT [1:32:56] amounts [1:32:57] may [1:32:57] no [1:32:57] longer [1:32:57] be [1:32:58] creditable [1:32:58] and [1:32:59] may [1:32:59] have [1:32:59] implications [1:32:59] on [1:33:00] its [1:33:01] working [1:33:01] capital [1:33:02] requirements [1:33:02] and [1:33:03] financial [1:33:03] management [1:33:05] the [1:33:05] proposed [1:33:06] VAT [1:33:06] exemption [1:33:07] on [1:33:07] electricity [1:33:07] sales [1:33:08] presents [1:33:09] significant [1:33:09] potential [1:33:10] benefits [1:33:10] for [1:33:11] residential [1:33:11] consumers [1:33:12] and [1:33:12] rural [1:33:13] economic [1:33:13] development [1:33:14] particularly [1:33:15] within [1:33:15] electric [1:33:16] cooperative [1:33:16] service [1:33:17] areas [1:33:17] however [1:33:18] careful [1:33:19] design [1:33:20] is [1:33:20] necessary [1:33:20] to [1:33:21] address [1:33:21] possible [1:33:22] unintended [1:33:22] consequences [1:33:23] to [1:33:24] mitigate [1:33:24] risk [1:33:25] it is [1:33:26] respectfully [1:33:26] submitted [1:33:27] to consider [1:33:28] allowing [1:33:28] input [1:33:29] recovery [1:33:29] mechanisms [1:33:30] for electric [1:33:31] cooperatives [1:33:32] or implement [1:33:33] transitional [1:33:34] tax [1:33:34] policies [1:33:35] for [1:33:35] VAT [1:33:36] registered [1:33:37] taxpayers [1:33:38] standards [1:33:39] for [1:33:39] senate [1:33:42] bill [1:33:43] numbers [1:33:45] 1083 [1:33:46] 1237 [1:33:47] and [1:33:48] 495 [1:33:49] which [1:33:49] refers [1:33:50] to [1:33:50] institutionalizing [1:33:52] the rules [1:33:53] on system [1:33:53] loss [1:33:54] cap [1:33:54] electric [1:33:55] distribution [1:33:55] utilities [1:33:56] senate [1:33:58] bill [1:33:58] 495 [1:33:59] 495 [1:33:59] 495 [1:33:59] we are [1:34:01] in support [1:34:01] of said [1:34:02] legislative [1:34:03] measure [1:34:04] which [1:34:04] is [1:34:05] a [1:34:05] complement [1:34:06] to [1:34:06] senate [1:34:06] bills [1:34:07] number [1:34:07] 1083 [1:34:08] and [1:34:09] 1237 [1:34:10] for [1:34:12] senate [1:34:14] bill [1:34:15] 1470 [1:34:17] which [1:34:17] is [1:34:18] abolishing [1:34:19] the [1:34:19] collection [1:34:20] of [1:34:20] bill [1:34:20] deposits [1:34:21] by [1:34:21] distribution [1:34:22] utilities [1:34:23] this [1:34:24] might [1:34:24] come [1:34:24] a little [1:34:25] bit [1:34:25] complicated [1:34:27] or [1:34:28] might [1:34:28] put [1:34:29] some [1:34:30] controversy [1:34:32] but [1:34:33] we are [1:34:33] echoing [1:34:34] the [1:34:35] sentiment [1:34:36] of the [1:34:37] electric [1:34:38] cooperatives [1:34:38] on this [1:34:39] comment [1:34:40] the [1:34:40] amendment [1:34:41] of the [1:34:41] Magna [1:34:41] Carta [1:34:42] for [1:34:42] residential [1:34:42] consumers [1:34:43] and the [1:34:44] abolition [1:34:44] of [1:34:44] collection [1:34:45] of [1:34:45] bill [1:34:45] deposits [1:34:46] by [1:34:46] distribution [1:34:46] utilities [1:34:47] will [1:34:48] be a [1:34:48] welcome [1:34:48] reprieve [1:34:49] from [1:34:49] additional [1:34:50] financial [1:34:50] burden [1:34:51] for [1:34:51] electricity [1:34:52] consumers [1:34:52] in the [1:34:53] long [1:34:53] run [1:34:53] likewise [1:34:54] the [1:34:54] proposed [1:34:55] audit [1:34:55] and refund [1:34:56] of [1:34:56] existing [1:34:56] bill [1:34:57] deposits [1:34:57] will [1:34:58] shed light [1:34:58] to [1:34:58] whether [1:34:59] the [1:34:59] collected [1:34:59] bill [1:34:59] deposits [1:35:00] are [1:35:00] used [1:35:00] by [1:35:01] DUs [1:35:01] for [1:35:02] other [1:35:02] purposes [1:35:03] and [1:35:03] whether [1:35:03] these [1:35:04] are [1:35:04] actually [1:35:04] retained [1:35:05] in a [1:35:05] restricted [1:35:06] account [1:35:06] for [1:35:06] eventual [1:35:07] refund [1:35:07] to [1:35:08] eligible [1:35:08] customers [1:35:09] this [1:35:10] measure [1:35:10] will [1:35:10] protect [1:35:11] consumers [1:35:11] from [1:35:12] imposition [1:35:12] of [1:35:12] unnecessary [1:35:13] charges [1:35:14] as well [1:35:15] as [1:35:15] show [1:35:15] transparency [1:35:16] on [1:35:16] the [1:35:17] utilization [1:35:17] of [1:35:18] funds [1:35:18] collected [1:35:19] from [1:35:19] electricity [1:35:20] consumers [1:35:21] however [1:35:21] NAYA [1:35:23] gives [1:35:24] its [1:35:24] specific [1:35:24] comments [1:35:26] in [1:35:26] section [1:35:26] 4 [1:35:27] of [1:35:27] said [1:35:27] Senate [1:35:27] bill [1:35:28] on [1:35:29] the [1:35:29] prohibition [1:35:29] against [1:35:30] the [1:35:30] collection [1:35:30] of [1:35:31] the [1:35:31] bill [1:35:31] deposits [1:35:32] while [1:35:32] the [1:35:32] prohibition [1:35:33] against [1:35:34] bill [1:35:34] deposit [1:35:35] aims to [1:35:35] reduce [1:35:36] upfront [1:35:36] costs [1:35:37] to [1:35:37] consumers [1:35:37] bill [1:35:38] deposits [1:35:38] presently [1:35:39] serve as [1:35:39] recognized [1:35:40] risk mitigation [1:35:41] mechanism [1:35:42] under [1:35:43] existing [1:35:43] ERC [1:35:44] regulations [1:35:45] for [1:35:45] for [1:35:45] for [1:35:46] EASIS [1:35:46] bill [1:35:47] deposits [1:35:47] help [1:35:48] address [1:35:48] collection [1:35:49] risk [1:35:50] arising [1:35:50] from [1:35:51] unpaid [1:35:51] accounts [1:35:52] transient [1:35:53] or [1:35:53] high [1:35:53] risk [1:35:53] consumers [1:35:54] reconnection [1:35:55] after [1:35:56] disconnection [1:35:57] due to [1:35:57] non-payment [1:35:58] and [1:35:58] operational [1:35:59] cash flow [1:36:00] requirements [1:36:00] necessary [1:36:01] for power [1:36:02] purchases [1:36:02] and system [1:36:03] maintenance [1:36:04] it is [1:36:06] the [1:36:06] position [1:36:06] or [1:36:07] the [1:36:07] sentiment [1:36:07] of [1:36:08] the [1:36:08] electric [1:36:09] cooperatives [1:36:09] that we [1:36:10] re-echo [1:36:10] to [1:36:11] this [1:36:11] committee [1:36:12] that the [1:36:13] outright [1:36:14] abolition [1:36:14] of [1:36:15] bill [1:36:15] deposits [1:36:15] may [1:36:16] expose [1:36:16] ECs [1:36:17] to [1:36:17] higher [1:36:17] system [1:36:18] loss [1:36:18] from [1:36:18] unpaid [1:36:19] receivables [1:36:19] and may [1:36:20] adversely [1:36:21] affect [1:36:21] their [1:36:22] capacity [1:36:22] to meet [1:36:23] obligations [1:36:24] to [1:36:24] power [1:36:24] suppliers [1:36:25] lenders [1:36:26] and [1:36:26] contractors [1:36:27] to [1:36:27] these [1:36:28] it is [1:36:29] suggested [1:36:30] that the [1:36:31] committee [1:36:31] or the [1:36:32] Congress [1:36:32] may [1:36:33] consider [1:36:33] limiting [1:36:34] bill [1:36:34] deposits [1:36:35] only [1:36:36] to [1:36:36] high [1:36:36] risk [1:36:37] or [1:36:37] delinquent [1:36:37] accounts [1:36:38] capping [1:36:39] the [1:36:40] amount [1:36:40] collectible [1:36:42] allowing [1:36:43] installment [1:36:43] payment [1:36:44] arrangements [1:36:44] for [1:36:45] deposits [1:36:45] or [1:36:45] exempting [1:36:46] low [1:36:46] income [1:36:47] or [1:36:47] lifeline [1:36:48] consumers [1:36:48] on [1:36:49] the [1:36:50] mandatory [1:36:50] refund [1:36:51] of [1:36:51] existing [1:36:51] bill [1:36:52] deposits [1:36:52] as [1:36:53] provided [1:36:54] in [1:36:54] section [1:36:54] five [1:36:55] of [1:36:55] said [1:36:55] legislative [1:36:56] measure [1:36:56] the [1:36:57] mandatory [1:36:57] refund [1:36:58] of [1:36:58] all [1:36:59] bill [1:36:59] deposits [1:37:00] within [1:37:00] a [1:37:00] fixed [1:37:00] period [1:37:01] may [1:37:01] impose [1:37:01] substantial [1:37:02] financial [1:37:03] strain [1:37:04] on [1:37:04] eases [1:37:04] particularly [1:37:05] those [1:37:05] with [1:37:06] limited [1:37:07] liquidity [1:37:09] on [1:37:11] senate [1:37:12] bill [1:37:13] let me [1:37:13] let me [1:37:14] let me [1:37:14] let me [1:37:14] let me [1:37:14] attorney [1:37:14] rosanna [1:37:15] in the [1:37:15] interest [1:37:15] of [1:37:15] time [1:37:16] i need [1:37:16] you to [1:37:17] focus [1:37:17] lang [1:37:17] on [1:37:18] yung [1:37:19] electricity [1:37:19] bill [1:37:20] directly [1:37:21] all [1:37:21] all [1:37:21] all [1:37:21] of [1:37:21] your [1:37:21] comments [1:37:22] are [1:37:22] very [1:37:22] well [1:37:23] taken [1:37:24] we [1:37:24] need [1:37:24] it [1:37:25] but [1:37:25] to [1:37:26] manage [1:37:26] the [1:37:27] time [1:37:27] lang [1:37:27] that [1:37:27] we [1:37:27] have [1:37:27] today [1:37:28] i [1:37:29] just [1:37:29] like [1:37:29] to [1:37:29] have [1:37:30] input [1:37:30] on [1:37:30] what [1:37:31] directly [1:37:32] contributes [1:37:32] to [1:37:33] the [1:37:33] high [1:37:33] electricity [1:37:34] bill [1:37:34] so [1:37:34] like [1:37:34] the [1:37:35] VAT [1:37:35] the [1:37:35] other [1:37:36] charges [1:37:36] I took [1:37:38] note [1:37:39] of [1:37:39] it [1:37:39] now [1:37:39] but [1:37:39] I cannot [1:37:40] dissect [1:37:41] 14 [1:37:42] bills [1:37:42] today [1:37:42] is there [1:37:45] anything [1:37:45] else [1:37:46] on [1:37:46] the [1:37:47] electricity [1:37:47] bill [1:37:48] anyway [1:37:48] madam [1:37:49] chair [1:37:49] we've [1:37:50] discussed [1:37:51] in our [1:37:51] comment [1:37:53] position [1:37:54] paper [1:37:54] one by [1:37:55] one [1:37:55] the [1:37:55] bill [1:37:56] so [1:37:56] probably [1:37:57] it would [1:37:58] be [1:37:58] better [1:37:58] if [1:37:59] okay [1:37:59] you [1:38:00] submitted [1:38:01] it [1:38:01] today [1:38:01] so [1:38:01] I [1:38:02] actually [1:38:02] do [1:38:02] not [1:38:02] have [1:38:02] a [1:38:02] copy [1:38:03] because [1:38:03] the [1:38:03] copies [1:38:04] that [1:38:04] I [1:38:04] have [1:38:04] were [1:38:05] submitted [1:38:05] earlier [1:38:06] we [1:38:06] submitted [1:38:06] it [1:38:07] a day [1:38:07] before [1:38:08] the [1:38:08] initial [1:38:09] hearing [1:38:09] that [1:38:09] was [1:38:10] scheduled [1:38:10] I [1:38:10] don't [1:38:10] have [1:38:11] a [1:38:11] copy [1:38:12] no [1:38:12] so [1:38:14] I [1:38:14] don't [1:38:14] know [1:38:14] what [1:38:14] happened [1:38:14] anyway [1:38:15] just [1:38:15] check [1:38:15] I'm [1:38:15] just [1:38:16] saying [1:38:16] I can't [1:38:17] react [1:38:17] to it [1:38:18] until [1:38:18] I see [1:38:18] it [1:38:18] so [1:38:19] thank [1:38:19] you [1:38:19] so [1:38:19] much [1:38:19] thank [1:38:19] you [1:38:20] and [1:38:20] obviously [1:38:21] you took [1:38:21] a lot [1:38:21] of [1:38:22] time [1:38:22] putting [1:38:22] it [1:38:23] together [1:38:23] and [1:38:23] it [1:38:23] is [1:38:23] much [1:38:23] appreciated [1:38:24] thank [1:38:24] you [1:38:25] we [1:38:25] will [1:38:25] just [1:38:25] the [1:38:25] same [1:38:26] yes [1:38:26] thank [1:38:27] you [1:38:27] give [1:38:28] the [1:38:28] secretariat [1:38:29] or the [1:38:29] com [1:38:29] copy [1:38:30] so [1:38:30] let [1:38:31] me [1:38:31] call [1:38:31] now [1:38:32] on [1:38:32] National [1:38:32] Grid [1:38:33] Corporation [1:38:34] that [1:38:35] is [1:38:35] Attorney [1:38:36] Pia [1:38:37] Zobel [1:38:37] San Diego [1:38:38] Deputy [1:38:38] General [1:38:39] Council [1:38:39] and [1:38:39] then [1:38:39] after [1:38:40] that [1:38:40] please [1:38:41] be [1:38:41] ready [1:38:41] DSWD [1:38:42] good [1:38:45] afternoon [1:38:46] Honorable [1:38:47] Madam [1:38:47] Chair [1:38:48] Senator [1:38:49] Pia [1:38:49] Quetano [1:38:49] and [1:38:50] distinguished [1:38:50] participants [1:38:50] NGCP [1:38:53] has already [1:38:54] submitted [1:38:54] its [1:38:54] comment [1:38:55] inputs [1:38:55] and [1:38:56] the [1:38:56] data [1:38:56] that [1:38:57] the [1:38:57] committee [1:38:57] have [1:38:57] requested [1:38:58] prior [1:38:58] to [1:38:59] the [1:38:59] P12 [1:38:59] hearing [1:39:00] in [1:39:01] summary [1:39:02] specifically [1:39:03] for the [1:39:04] VAT [1:39:04] removal [1:39:05] on [1:39:05] electricity [1:39:05] NGCP [1:39:07] supports [1:39:07] the [1:39:08] government [1:39:08] objective [1:39:08] of [1:39:09] lowering [1:39:09] electricity [1:39:09] costs [1:39:10] and [1:39:10] providing [1:39:11] relief [1:39:11] to [1:39:11] Filipino [1:39:11] customers [1:39:12] we [1:39:13] recognize [1:39:14] the [1:39:14] importance [1:39:14] of [1:39:14] this [1:39:15] measure [1:39:15] that [1:39:15] will [1:39:15] help [1:39:16] make [1:39:16] electricity [1:39:16] more [1:39:17] affordable [1:39:17] we [1:39:19] respectfully [1:39:19] clarify [1:39:20] that [1:39:20] the [1:39:20] VAT [1:39:21] included [1:39:21] in [1:39:21] the [1:39:21] transmission [1:39:22] services [1:39:22] and [1:39:23] other [1:39:23] pass [1:39:24] on [1:39:24] charges [1:39:24] are [1:39:25] all [1:39:25] mandated [1:39:26] by [1:39:26] existing [1:39:26] tax [1:39:27] laws [1:39:27] and [1:39:27] regulatory [1:39:28] issuances [1:39:29] NGCP [1:39:30] merely [1:39:30] collects [1:39:30] and [1:39:31] remits [1:39:31] the [1:39:32] VAT [1:39:32] it [1:39:32] collected [1:39:33] from [1:39:33] its [1:39:33] customers [1:39:34] for [1:39:35] transmission [1:39:35] services [1:39:36] the [1:39:37] VAT [1:39:37] exemption [1:39:38] mean [1:39:38] we [1:39:38] are [1:39:39] reverted [1:39:39] to [1:39:39] the [1:39:39] practice [1:39:40] of [1:39:40] the [1:39:40] pre-train [1:39:41] law [1:39:41] which [1:39:42] imposes [1:39:43] VAT [1:39:43] on [1:39:43] transmission [1:39:44] services [1:39:44] with [1:39:46] this [1:39:46] since [1:39:47] NGCP [1:39:47] is a [1:39:48] highly [1:39:48] regulated [1:39:49] entity [1:39:50] any [1:39:52] changes [1:39:53] in the [1:39:53] tax [1:39:53] treatment [1:39:54] of [1:39:54] electricity [1:39:55] specifically [1:39:56] of the [1:39:56] transmission [1:39:56] services [1:39:57] may also [1:39:58] involve [1:39:59] some [1:39:59] regulatory [1:39:59] matter [1:40:00] thus [1:40:01] we [1:40:01] respectfully [1:40:01] request [1:40:02] ERC [1:40:03] to [1:40:04] issue [1:40:04] the [1:40:04] necessary [1:40:05] mechanism [1:40:06] to [1:40:08] recognize [1:40:08] the [1:40:08] input [1:40:09] VAT [1:40:09] that [1:40:09] to [1:40:10] be [1:40:10] recovered [1:40:10] in [1:40:10] the [1:40:10] cost [1:40:11] of [1:40:11] our [1:40:11] purchases [1:40:11] lastly [1:40:13] NGCP [1:40:13] remains [1:40:14] committed [1:40:14] with [1:40:15] working [1:40:15] with [1:40:15] the [1:40:15] Congress [1:40:16] and [1:40:17] all [1:40:17] stakeholders [1:40:17] in [1:40:18] pursuing [1:40:18] a [1:40:18] balanced [1:40:19] solutions [1:40:19] that [1:40:20] protect [1:40:20] consumer [1:40:21] while [1:40:21] ensuring [1:40:21] continuous [1:40:22] reliable [1:40:22] and secure [1:40:23] transmission [1:40:24] services [1:40:25] for the [1:40:25] Filipino [1:40:25] people [1:40:26] thank [1:40:27] you [1:40:27] thank [1:40:30] you [1:40:30] I [1:40:30] appreciate [1:40:30] your [1:40:31] keeping [1:40:31] it [1:40:31] brief [1:40:32] but [1:40:32] we [1:40:33] will [1:40:33] dissect [1:40:33] this [1:40:34] further [1:40:34] thank [1:40:34] you [1:40:35] let's [1:40:35] now [1:40:36] go [1:40:36] to [1:40:36] the [1:40:36] SWD [1:40:38] Yusek [1:40:39] Di [1:40:39] Maporo [1:40:39] representing [1:40:41] the [1:40:41] legislative [1:40:41] and [1:40:42] intergovernmental [1:40:43] affairs [1:40:43] of the [1:40:44] SWD [1:40:44] you have [1:40:44] the [1:40:44] floor [1:40:45] thank [1:40:49] you [1:40:49] Madam [1:40:49] Chair [1:40:49] the [1:40:50] Department [1:40:50] of [1:40:51] Social [1:40:51] Welfare [1:40:51] and [1:40:51] Development [1:40:52] will [1:40:52] respond [1:40:52] to [1:40:52] the [1:40:53] concerns [1:40:53] of [1:40:53] the [1:40:53] Expanded [1:40:54] Lifeline [1:40:54] Rate [1:40:55] Program [1:40:55] or [1:40:56] ELRP [1:40:56] as it [1:40:57] relates [1:40:57] to [1:40:58] the [1:40:58] power [1:40:58] bill [1:40:58] shock [1:40:59] public [1:40:59] discussions [1:41:00] have [1:41:01] pointed [1:41:02] to [1:41:02] the [1:41:02] socialized [1:41:02] cross [1:41:03] subsidy [1:41:03] funding [1:41:03] as a [1:41:04] source [1:41:04] of [1:41:04] the [1:41:04] upward [1:41:05] price [1:41:05] pressure [1:41:06] to [1:41:06] ensure [1:41:07] that [1:41:07] future [1:41:08] policy [1:41:08] updates [1:41:08] remain [1:41:09] balanced [1:41:09] and [1:41:09] effective [1:41:10] the [1:41:10] DSWD [1:41:11] together [1:41:11] with [1:41:11] the [1:41:12] DOE [1:41:12] and [1:41:13] ERC [1:41:13] consolidated [1:41:14] recent [1:41:14] energy [1:41:15] and [1:41:15] registration [1:41:16] data [1:41:17] to [1:41:17] provide [1:41:18] a [1:41:18] clear [1:41:18] and [1:41:18] empirical [1:41:19] picture [1:41:19] of [1:41:20] the [1:41:20] program's [1:41:21] actual [1:41:21] fiscal [1:41:21] footprint [1:41:22] I'll [1:41:23] provide [1:41:23] the [1:41:23] details [1:41:23] to [1:41:24] the [1:41:24] committee [1:41:24] secretariat [1:41:25] but [1:41:26] really [1:41:27] go [1:41:27] briefly [1:41:28] run [1:41:28] it [1:41:29] briefly [1:41:29] in [1:41:29] three [1:41:29] premises [1:41:30] so [1:41:31] firstly [1:41:31] for [1:41:31] example [1:41:31] on [1:41:32] the [1:41:32] large [1:41:32] Meralco [1:41:33] bill [1:41:33] of [1:41:34] over [1:41:34] 9200 [1:41:35] the [1:41:36] lifeline [1:41:37] subsidy [1:41:38] costs [1:41:38] you [1:41:38] exactly [1:41:40] only [1:41:40] 5.96 [1:41:42] pesos [1:41:43] just [1:41:44] 0.06 [1:41:45] percent [1:41:46] of the [1:41:46] bill [1:41:46] nationwide [1:41:47] it [1:41:47] costs [1:41:48] the [1:41:48] average [1:41:48] household [1:41:49] only [1:41:50] 40 [1:41:50] centavos [1:41:51] a month [1:41:51] or [1:41:52] around [1:41:53] 59 [1:41:54] for [1:41:54] Meralco [1:41:55] consumers [1:41:55] only [1:41:57] 0.66 [1:41:58] percent [1:41:59] of all [1:41:59] electricity [1:42:00] users [1:42:01] in the [1:42:01] Philippines [1:42:02] actually [1:42:02] receive [1:42:03] this [1:42:03] discount [1:42:03] and [1:42:04] they [1:42:04] use [1:42:04] a [1:42:05] microscopic [1:42:05] 0.04 [1:42:07] percent [1:42:08] of the [1:42:08] country's [1:42:08] total [1:42:09] power [1:42:09] and [1:42:10] when [1:42:10] typical [1:42:10] bills [1:42:11] jumped [1:42:11] by [1:42:12] nearly [1:42:12] 4,000 [1:42:14] pesos [1:42:14] between [1:42:15] February [1:42:15] and [1:42:16] April [1:42:16] the [1:42:17] lifeline [1:42:17] charge [1:42:18] was [1:42:18] responsible [1:42:18] for [1:42:19] just [1:42:19] 5 [1:42:20] pesos [1:42:20] and [1:42:20] 65 [1:42:22] cents [1:42:22] of that [1:42:23] massive [1:42:23] increase [1:42:24] we got [1:42:25] these numbers [1:42:26] from the [1:42:26] ERC [1:42:26] so [1:42:27] we will [1:42:28] be [1:42:28] complimenting [1:42:29] their position [1:42:29] paper as [1:42:30] well [1:42:30] from the [1:42:31] social [1:42:32] perspective [1:42:32] the [1:42:33] lifeline [1:42:34] subsidy [1:42:35] works [1:42:36] hand in [1:42:36] hand [1:42:36] with [1:42:37] the [1:42:37] Pantawid [1:42:37] Pamilyang [1:42:38] Pilipino [1:42:38] program [1:42:38] or the [1:42:39] four-piece [1:42:39] to serve [1:42:40] as a [1:42:41] vital [1:42:41] social [1:42:42] investment [1:42:42] BSWD [1:42:43] registration [1:42:44] records [1:42:45] show [1:42:46] 369,639 [1:42:50] certified [1:42:51] four-piece [1:42:52] end users [1:42:53] as of [1:42:53] April [1:42:53] 30 [1:42:54] so this [1:42:55] is [1:42:55] against [1:42:55] 4. [1:42:56] well [1:42:56] around [1:42:57] 3 million [1:42:57] households [1:43:00] as of [1:43:01] April [1:43:02] 30 [1:43:02] by [1:43:03] keeping [1:43:03] energy [1:43:03] accessible [1:43:04] for [1:43:04] the [1:43:04] marginalized [1:43:05] households [1:43:06] the [1:43:06] program [1:43:07] ensures [1:43:07] that [1:43:07] low [1:43:07] income [1:43:08] families [1:43:08] can [1:43:09] preserve [1:43:09] their [1:43:09] conditional [1:43:10] cash [1:43:10] grants [1:43:10] for [1:43:11] their [1:43:11] families [1:43:12] health [1:43:12] care [1:43:12] and [1:43:13] education [1:43:13] protecting [1:43:14] human [1:43:14] capital [1:43:14] development [1:43:15] and [1:43:15] supporting [1:43:16] long-term [1:43:16] sufficiency [1:43:17] I'll go [1:43:17] down to [1:43:18] the [1:43:18] bottom [1:43:18] line [1:43:18] the [1:43:19] bottom [1:43:19] line [1:43:19] is [1:43:19] that [1:43:20] the [1:43:20] life [1:43:20] line [1:43:20] subsidy [1:43:21] is [1:43:21] not [1:43:21] the [1:43:21] reason [1:43:22] for [1:43:22] the [1:43:22] electric [1:43:23] bill [1:43:24] high [1:43:25] cost [1:43:25] suspending [1:43:26] or [1:43:27] weakening [1:43:27] the [1:43:27] lifeline [1:43:28] mechanism [1:43:28] will [1:43:29] yield [1:43:29] zero [1:43:29] noticeable [1:43:30] relief [1:43:31] to [1:43:31] paying [1:43:31] customers [1:43:32] but [1:43:32] it [1:43:33] will [1:43:33] immediately [1:43:33] disconnect [1:43:34] hundreds [1:43:35] of [1:43:35] thousands [1:43:35] of [1:43:36] low [1:43:36] income [1:43:36] families [1:43:37] from [1:43:37] essential [1:43:38] power [1:43:38] infrastructure [1:43:39] now [1:43:40] whether [1:43:41] we keep [1:43:41] to the [1:43:41] legal [1:43:41] design [1:43:42] of [1:43:42] IPERA [1:43:43] or [1:43:43] as [1:43:43] people [1:43:44] suggested [1:43:44] to charge [1:43:45] this to [1:43:45] the [1:43:46] national [1:43:46] government [1:43:46] we support [1:43:47] this [1:43:48] at the [1:43:48] end [1:43:48] of the [1:43:49] day [1:43:49] we want [1:43:49] to [1:43:49] ensure [1:43:50] that [1:43:50] the [1:43:50] poorest [1:43:51] households [1:43:51] continue [1:43:51] to [1:43:52] access [1:43:52] electricity [1:43:53] at [1:43:53] affordable [1:43:54] rates [1:43:54] thank [1:43:55] you [1:43:55] Madam [1:43:55] Chair [1:43:55] just a [1:43:56] quick [1:43:56] question [1:43:57] to [1:43:57] make [1:43:59] sure [1:43:59] I [1:43:59] heard [1:44:00] you [1:44:00] right [1:44:00] so [1:44:01] you're [1:44:02] saying [1:44:02] the [1:44:02] lifeline [1:44:03] subsidies [1:44:04] effect [1:44:05] on the [1:44:06] electricity [1:44:06] bill [1:44:07] is [1:44:07] 5 [1:44:07] pesos [1:44:08] yeah [1:44:08] it's [1:44:08] minimal [1:44:09] it's [1:44:09] only [1:44:09] I [1:44:10] think [1:44:10] 0.1% [1:44:13] yata [1:44:13] of the [1:44:13] whole [1:44:14] calculations [1:44:15] ERC [1:44:17] we'll [1:44:17] provide [1:44:18] the [1:44:18] detailed [1:44:19] calculations [1:44:19] to the [1:44:20] committee [1:44:20] secretary [1:44:21] at [1:44:21] Madam [1:44:21] Chair [1:44:21] because [1:44:22] again [1:44:22] there's [1:44:23] many [1:44:23] many [1:44:24] mandated [1:44:26] costs [1:44:27] so [1:44:28] we want [1:44:28] to [1:44:29] really [1:44:29] know [1:44:30] and be [1:44:30] transparent [1:44:30] with [1:44:31] the [1:44:31] Filipinos [1:44:32] as to [1:44:34] whatever [1:44:35] is being [1:44:36] charged [1:44:36] to them [1:44:36] how much [1:44:37] that is [1:44:37] and what [1:44:38] exactly [1:44:39] they are [1:44:39] so that [1:44:40] I appreciate [1:44:41] that [1:44:41] you pointed [1:44:42] that out [1:44:42] that it's [1:44:42] 5% [1:44:44] 5 pesos [1:44:45] sorry [1:44:46] 5 pesos [1:44:46] yes [1:44:46] I did [1:44:47] say [1:44:47] 5 pesos [1:44:48] 5 [1:44:49] 5 [1:44:49] pesos [1:44:50] ang [1:44:50] kargado [1:44:51] ng [1:44:51] lifeline [1:44:52] subsidy [1:44:53] sa [1:44:53] average [1:44:54] bill [1:44:54] or a [1:44:56] high [1:44:56] bill [1:44:56] like [1:44:57] a bill [1:44:58] of [1:44:58] 9,000 [1:44:58] pesos [1:44:59] okay [1:44:59] so [1:45:00] in [1:45:01] percentage [1:45:01] that is [1:45:02] 0.06% [1:45:04] of the [1:45:04] bill [1:45:05] again [1:45:10] to be [1:45:10] clear [1:45:10] the [1:45:11] lifeline [1:45:12] bill [1:45:12] is a [1:45:12] percentage [1:45:13] of [1:45:13] people's [1:45:14] bills [1:45:14] that's [1:45:15] why [1:45:15] the [1:45:16] 5 [1:45:16] pesos [1:45:17] is [1:45:17] against [1:45:19] 9,000 [1:45:20] peso [1:45:21] bill [1:45:21] so if [1:45:21] the [1:45:22] bill [1:45:22] is [1:45:22] much [1:45:22] lower [1:45:23] let's [1:45:23] say [1:45:23] 5,000 [1:45:24] then [1:45:24] most likely [1:45:25] it's also [1:45:25] smaller [1:45:26] everybody agrees [1:45:26] on that [1:45:27] okay [1:45:28] thank you [1:45:28] so para [1:45:29] clear [1:45:29] lang tayo [1:45:29] I have [1:45:30] one more [1:45:30] question [1:45:30] for you [1:45:31] I just need [1:45:31] to clarify [1:45:31] with my [1:45:32] just clarifying [1:46:28] some facts [1:46:29] that my [1:46:30] team gave [1:46:30] me [1:46:30] it's not [1:46:31] that urgent [1:46:32] to bring [1:46:32] it up [1:46:33] now [1:46:33] so [1:46:33] thank you [1:46:34] let's [1:46:34] move [1:46:34] on [1:46:35] let us [1:46:37] hear [1:46:37] samahan [1:46:39] ng [1:46:39] nagkakaisang [1:46:40] pamilya [1:46:41] ng [1:46:41] pangtawid [1:46:41] Miss [1:46:42] Annabelle [1:46:43] Luna [1:46:43] the [1:46:44] president [1:46:44] floor [1:46:45] is yours [1:46:45] magandang [1:46:47] hatin po [1:46:47] madam [1:46:48] president [1:46:48] at sa mga [1:46:49] kasamang [1:46:50] na sa loob [1:46:50] ng room [1:46:51] na ito [1:46:52] kami po [1:46:52] ay mula [1:46:53] sa samahan [1:46:54] at kakaisang [1:46:54] pamilya [1:46:55] pangtawid [1:46:55] ay labis [1:46:56] pong [1:46:56] napapasalamat [1:46:57] sa mga [1:46:57] panapalang [1:46:58] ito [1:46:59] na ang [1:46:59] magbibinepesyo [1:47:00] po [1:47:00] ay katulad [1:47:01] po [1:47:01] namin [1:47:01] mga [1:47:02] talagang [1:47:03] mga [1:47:04] nangangailangan [1:47:05] na [1:47:05] pamilya [1:47:06] pero [1:47:06] kagaya [1:47:07] po [1:47:07] nang [1:47:08] sinabi [1:47:08] kanina [1:47:09] ng mga [1:47:09] narinig [1:47:10] ko [1:47:10] ng mga [1:47:11] masyadong [1:47:11] teknikal [1:47:12] pero [1:47:13] doon [1:47:13] na lang [1:47:13] po [1:47:13] ako [1:47:13] sa aspeto [1:47:14] na [1:47:15] pinanggagalingan [1:47:16] talaga [1:47:16] ng [1:47:16] nakaka [1:47:17] ano [1:47:18] diba [1:47:18] lahat [1:47:19] na [1:47:19] store [1:47:20] doon [1:47:20] sa [1:47:21] usaping [1:47:21] ang [1:47:23] purpose [1:47:24] po [1:47:24] ang [1:47:24] naging [1:47:24] dahilan [1:47:25] ng [1:47:25] paglobo [1:47:26] ng [1:47:26] bill [1:47:26] ng [1:47:26] mga [1:47:27] consumer [1:47:28] pero [1:47:29] doon [1:47:29] po [1:47:30] kami [1:47:31] po [1:47:31] ay [1:47:31] talagang [1:47:32] nasaktan [1:47:33] pero [1:47:34] ito [1:47:34] yung [1:47:34] pagkakataon [1:47:35] na [1:47:35] gusto [1:47:35] namin [1:47:36] linawin [1:47:36] na [1:47:37] kanina [1:47:38] nasabi [1:47:39] po [1:47:39] ni [1:47:39] Josek [1:47:40] Dimaporo [1:47:41] na [1:47:41] 300 [1:47:42] plus [1:47:45] thousand [1:47:46] po [1:47:46] yung [1:47:46] nakaregistered [1:47:48] pero [1:47:48] ang [1:47:48] totoo [1:47:49] rin [1:47:49] po [1:47:49] Madam [1:47:50] Chair [1:47:51] yung [1:47:52] iba [1:47:52] po [1:47:52] nakaregistered [1:47:53] pero [1:47:53] hindi [1:47:53] maka-avail [1:47:54] kasi [1:47:54] po [1:47:55] may [1:47:55] mga [1:47:55] kontador [1:47:57] po [1:47:57] na [1:47:57] hindi [1:47:57] po [1:47:57] nakapangalan [1:47:58] sa [1:47:58] amin [1:47:59] makapag [1:48:01] anuman [1:48:01] sila [1:48:01] ng [1:48:01] konsumo [1:48:02] na [1:48:02] doon [1:48:03] lang [1:48:03] po [1:48:03] sa [1:48:03] average [1:48:04] na [1:48:04] 50 [1:48:04] kilowatt [1:48:05] po [1:48:05] ay hindi [1:48:06] naman [1:48:06] nakapangalan [1:48:07] paano [1:48:07] rin [1:48:07] po [1:48:07] ma-avail [1:48:08] meron [1:48:09] naman [1:48:09] po [1:48:09] na [1:48:10] nakapangalan [1:48:10] naman [1:48:11] ng [1:48:11] kontador [1:48:11] sa [1:48:12] purpose [1:48:12] pero [1:48:13] ang [1:48:14] realidad [1:48:15] po [1:48:15] ay [1:48:16] ilan [1:48:16] po [1:48:16] ang [1:48:17] gumagamit [1:48:17] sa [1:48:17] kontador [1:48:18] na doon [1:48:18] kaya [1:48:18] kaya [1:48:18] kaya [1:48:18] naman [1:48:19] po [1:48:19] hindi [1:48:19] dahil [1:48:20] sa [1:48:20] luho [1:48:20] malaki [1:48:21] po [1:48:21] yung [1:48:21] konsumo [1:48:22] kada [1:48:23] buwan [1:48:24] hindi [1:48:24] rin [1:48:24] siya [1:48:24] makaka-avail [1:48:25] kaya [1:48:26] malinaw [1:48:26] na malinaw [1:48:27] rin [1:48:27] po [1:48:27] sa [1:48:28] aking [1:48:28] mga [1:48:28] narinig [1:48:29] na [1:48:29] kung [1:48:30] kasi [1:48:30] yung [1:48:31] sa aming [1:48:31] position [1:48:31] paper [1:48:32] na [1:48:32] naipasa [1:48:32] talagang [1:48:34] hinimay [1:48:34] po [1:48:34] namin [1:48:35] yung [1:48:35] mga [1:48:35] deals [1:48:38] pero [1:48:39] doon [1:48:39] po [1:48:39] sa [1:48:39] bat [1:48:40] na gusto [1:48:41] rin [1:48:41] namin [1:48:41] sinusuport [1:48:42] pang [1:48:42] rin [1:48:43] na [1:48:43] ito [1:48:43] ay [1:48:43] maialis [1:48:44] sana [1:48:44] kasi [1:48:45] napakabigat [1:48:46] na [1:48:46] para [1:48:46] sa [1:48:46] pamilyang [1:48:47] Pilipino [1:48:47] ito [1:48:48] lalo [1:48:48] na [1:48:48] sa [1:48:48] ating [1:48:49] middle [1:48:49] class [1:48:50] na [1:48:50] sila [1:48:50] talaga [1:48:51] ay [1:48:52] isa [1:48:52] rin [1:48:52] na [1:48:53] kahit [1:48:53] pasabihin [1:48:54] natin [1:48:54] middle [1:48:55] class [1:48:55] sila [1:48:55] umaaray [1:48:56] na [1:48:56] rin [1:48:56] po [1:48:57] lalo [1:48:57] rin [1:48:58] mga [1:48:58] ordinary [1:48:58] mong [1:48:58] gagawa [1:48:59] ngayon [1:49:00] po [1:49:00] doon [1:49:01] po [1:49:01] sa [1:49:01] sinasabing [1:49:01] 4.4 [1:49:02] million [1:49:02] ang [1:49:03] magiging [1:49:03] unserved [1:49:04] kung [1:49:04] matatanggal [1:49:04] ito [1:49:05] malinaw [1:49:06] na [1:49:06] manilaw [1:49:09] sa amin [1:49:10] na [1:49:10] hindi [1:49:11] naman [1:49:11] talaga [1:49:11] lahat [1:49:12] ay [1:49:12] makakakabail [1:49:13] dahil [1:49:14] matindi [1:49:15] po [1:49:15] yung [1:49:15] mga [1:49:16] requirements [1:49:16] din [1:49:17] nakapangalang [1:49:18] problem [1:49:18] na [1:49:19] mahalaga [1:49:19] po [1:49:19] sana [1:49:20] tingdan din [1:49:20] po [1:49:21] natin [1:49:21] yung [1:49:21] mga [1:49:21] middle [1:49:22] class [1:49:22] na [1:49:22] mabigyan [1:49:22] din [1:49:23] sila [1:49:23] ng [1:49:23] subsidy [1:49:23] o [1:49:24] magawa [1:49:25] pa [1:49:25] natin [1:49:25] sana [1:49:26] itong [1:49:26] ano [1:49:27] i-revisit [1:49:29] po [1:49:29] yung [1:49:29] EPERA [1:49:30] yung [1:49:30] ERC [1:49:31] rules [1:49:31] na [1:49:32] mag-de-depende [1:49:34] po [1:49:34] ito [1:49:34] doon [1:49:35] sa mga [1:49:35] bills [1:49:35] natin [1:49:36] pero [1:49:36] mararamdaman [1:49:37] sana [1:49:38] talaga [1:49:38] ng mga [1:49:39] pamilyang [1:49:39] Pilipino [1:49:40] na yung [1:49:40] totoong [1:49:41] malasakit [1:49:41] po [1:49:41] ng [1:49:42] ating [1:49:42] pamahalaan [1:49:43] para sa [1:49:44] kasi [1:49:44] hindi [1:49:45] naman [1:49:45] po [1:49:45] itong [1:49:45] loo [1:49:46] yung [1:49:46] ating [1:49:46] pagkakaroon [1:49:47] ng [1:49:47] kuryente [1:49:48] ito [1:49:48] ay [1:49:48] talagang [1:49:49] karapatan [1:49:50] din [1:49:50] ng [1:49:50] bawat [1:49:50] pamilya [1:49:51] na [1:49:51] mangiwanag [1:49:52] po [1:49:52] yung [1:49:52] kanilang [1:49:53] mga [1:49:53] bahay [1:49:53] dahil [1:49:54] gaya [1:49:54] po [1:49:55] nang [1:49:55] sinabi [1:49:55] ni [1:49:55] Madam [1:49:56] Chair [1:49:56] talaga [1:49:56] naman [1:49:56] atiktado [1:49:57] kami [1:50:05] pinapakusap [1:50:07] po [1:50:08] namin [1:50:08] sa mga [1:50:08] kagalang [1:50:09] galang [1:50:10] na [1:50:10] senador [1:50:10] na ipasa [1:50:11] ang [1:50:11] batas [1:50:11] sana [1:50:11] na [1:50:12] magtatanggal [1:50:12] ng [1:50:12] bawat [1:50:13] sa [1:50:13] kuryente [1:50:13] maglilimita [1:50:15] rin [1:50:15] po [1:50:15] ng [1:50:15] pass [1:50:16] on [1:50:16] charges [1:50:16] ang [1:50:17] pasaning [1:50:17] ng [1:50:17] subsidia [1:50:18] at [1:50:18] loss [1:50:19] system [1:50:19] loss [1:50:20] ay [1:50:20] dapat [1:50:20] balikatin [1:50:22] ng [1:50:22] pamahalan [1:50:22] sana [1:50:23] at [1:50:23] ng [1:50:23] malalaking [1:50:24] korporasyon [1:50:25] sa [1:50:25] energy [1:50:26] hindi [1:50:27] ang [1:50:27] ordinaryong [1:50:28] mamamayang [1:50:28] Pilipino [1:50:29] ang [1:50:29] justisya [1:50:30] para [1:50:30] sa [1:50:30] kantay [1:50:31] at [1:50:31] makataw [1:50:31] na [1:50:36] bolsa [1:50:37] ng [1:50:37] kapwa [1:50:37] may [1:50:37] hirap [1:50:38] o [1:50:38] nag-hihik [1:50:39] hos [1:50:39] ng [1:50:40] mga [1:50:40] gawa [1:50:40] nananawagan [1:50:42] kami [1:50:42] na [1:50:42] gawing [1:50:42] itong [1:50:43] insklusibo [1:50:44] ang mga [1:50:44] batas [1:50:44] na ito [1:50:45] isang [1:50:46] sistema [1:50:46] hindi [1:50:46] nagbubunsod [1:50:47] ng [1:50:47] inggit [1:50:48] diskriminasyon [1:50:49] kundi [1:50:49] tunay [1:50:49] naging [1:50:50] hawa [1:50:50] para [1:50:50] sa [1:50:51] lahat [1:50:51] maraming [1:50:52] salamat [1:50:52] po [1:50:52] Thank you [1:51:01] Miss [1:51:02] Luna [1:51:02] dun sa [1:51:03] contribution [1:51:04] nyo [1:51:05] dun sa [1:51:05] discussion [1:51:06] I just [1:51:06] want to [1:51:06] add [1:51:07] something [1:51:07] hinahanap [1:51:08] po [1:51:08] lang [1:51:08] yung [1:51:08] notes [1:51:08] ko [1:51:09] ayan [1:51:19] medyo [1:51:19] technical [1:51:20] pero [1:51:20] di [1:51:20] natin [1:51:21] may [1:51:21] iwasan [1:51:21] kasi [1:51:22] importanteng [1:51:24] maintindihan [1:51:24] natin [1:51:25] yung [1:51:25] ako nga [1:51:27] technical [1:51:27] na [1:51:28] aspeto [1:51:28] hirap [1:51:29] din ako [1:51:29] yung [1:51:29] legal [1:51:30] mas [1:51:30] okay [1:51:31] ako [1:51:31] lawyer [1:51:32] ako [1:51:32] pero [1:51:32] sa dami [1:51:33] ng [1:51:33] batas [1:51:34] patong [1:51:34] patong [1:51:35] na [1:51:35] na [1:51:35] mahirap [1:51:36] na [1:51:36] rin [1:51:36] sundahan [1:51:36] pero [1:51:37] ito [1:51:37] konting [1:51:38] dagdag [1:51:38] din [1:51:38] sa [1:51:38] liwanag [1:51:39] yung [1:51:40] lifeline [1:51:40] rate [1:51:40] natin [1:51:41] na [1:51:41] nagbibigay [1:51:41] ng [1:51:42] 100% [1:51:43] subsidy [1:51:44] 50 [1:51:45] kilowatts [1:51:46] per [1:51:46] hour [1:51:46] sabi [1:51:47] nga [1:51:47] and [1:51:49] of [1:51:49] course [1:51:49] Yuseca [1:51:50] Dimaporo [1:51:50] also [1:51:51] agrees [1:51:51] alam [1:51:51] naman [1:51:51] lahat [1:51:52] nila [1:51:52] yan [1:51:52] ERC [1:51:54] DOE [1:51:54] so [1:51:55] ang [1:51:55] coverage [1:51:56] more or [1:51:56] less [1:51:57] more or [1:51:57] less [1:51:57] ng [1:51:57] 50 [1:51:59] kilowatts [1:51:59] is [1:52:00] 3 [1:52:01] light [1:52:01] bulbs [1:52:02] 1 [1:52:02] electric [1:52:02] fan [1:52:03] 1 [1:52:04] TV [1:52:04] or [1:52:05] radio [1:52:05] and [1:52:06] 1 [1:52:06] cellphone [1:52:07] charger [1:52:07] so [1:52:08] basic [1:52:09] basic [1:52:09] talaga [1:52:10] malaking [1:52:11] tulong [1:52:12] sa tingin [1:52:12] ko [1:52:12] pero [1:52:13] katulad [1:52:13] nung [1:52:14] sinabi [1:52:14] ko [1:52:14] ng [1:52:14] hearing [1:52:17] ko [1:52:17] the last [1:52:18] hearing [1:52:19] bilang [1:52:21] isang [1:52:21] nanay [1:52:22] kasi [1:52:22] yun [1:52:22] naman [1:52:22] kaya [1:52:23] kong [1:52:23] i-share [1:52:24] experience [1:52:26] ko [1:52:27] may mga [1:52:28] gawain [1:52:29] tayo [1:52:29] sa bahay [1:52:29] na hindi [1:52:30] covered [1:52:30] ito [1:52:30] so [1:52:31] kunyari [1:52:31] si nanay [1:52:32] papasok [1:52:32] papasok [1:52:33] din siya [1:52:34] so [1:52:34] tas [1:52:35] maulan [1:52:35] pa [1:52:35] naman [1:52:36] sa [1:52:36] Pilipinas [1:52:36] baka [1:52:37] naman [1:52:37] gusto [1:52:38] niyang [1:52:38] kumuha [1:52:39] ng [1:52:39] washing [1:52:39] machine [1:52:39] at [1:52:40] dryer [1:52:40] hindi [1:52:40] naman [1:52:40] po [1:52:40] kasalanan [1:52:41] yun [1:52:41] na may [1:52:41] washing [1:52:42] machine [1:52:42] at [1:52:42] dryer [1:52:42] katulong [1:52:43] nga [1:52:43] yun [1:52:43] sa nanay [1:52:44] di [1:52:45] dagdag [1:52:45] yun [1:52:45] hindi [1:52:46] mako [1:52:46] cover [1:52:46] yun [1:52:47] so [1:52:47] maglalabak [1:52:47] pa [1:52:47] si nanay [1:52:48] anong [1:52:49] gagawin [1:52:49] niya [1:52:49] pag [1:52:49] umulan [1:52:50] ano [1:52:50] papapatuyo [1:52:52] pag [1:52:52] maulan [1:52:52] di ba [1:52:53] so [1:52:53] kasama [1:52:54] yun [1:52:54] sa mga [1:52:54] gastusin [1:52:55] in example [1:52:57] ko [1:52:57] nga [1:52:57] parate [1:52:58] kung [1:52:58] may [1:52:59] dalagita [1:52:59] ka [1:53:00] o [1:53:00] ikaw [1:53:00] mismo [1:53:01] nanay [1:53:01] papasok [1:53:02] ka [1:53:02] siyempre [1:53:02] kailangan [1:53:02] maayos [1:53:03] ka [1:53:03] di ba [1:53:03] so [1:53:04] kung [1:53:04] katulad [1:53:04] ko [1:53:04] na [1:53:05] kulot [1:53:05] medyo [1:53:06] kailangan [1:53:06] ayusin [1:53:07] ko [1:53:13] hindi tayo [1:53:14] mukhang [1:53:14] bagong [1:53:14] gising [1:53:15] so [1:53:15] may [1:53:16] gastus [1:53:16] din [1:53:16] yun [1:53:17] hindi [1:53:17] uncovered [1:53:18] sa [1:53:18] basic [1:53:18] so [1:53:18] yun [1:53:19] lang [1:53:19] yung [1:53:19] mga [1:53:19] ina [1:53:19] example [1:53:20] ko [1:53:20] to [1:53:21] show [1:53:21] na [1:53:21] hindi [1:53:22] hindi [1:53:23] luho [1:53:23] itong [1:53:23] 50 [1:53:24] kilowatts [1:53:25] na [1:53:25] binibigay [1:53:26] ito [1:53:26] yung [1:53:26] mga [1:53:27] essentials [1:53:27] now [1:53:28] katulad [1:53:30] nito [1:53:30] one [1:53:30] electric [1:53:31] fan [1:53:31] dun [1:53:34] sa [1:53:34] susunod [1:53:34] kong [1:53:35] dun [1:53:35] sa [1:53:35] iba [1:53:35] kong [1:53:36] committee [1:53:36] possible [1:53:38] na [1:53:39] mapag [1:53:39] sustainable [1:53:40] development [1:53:40] goals [1:53:41] na [1:53:41] lagi [1:53:41] kong [1:53:41] pinapasok [1:53:42] sa lahat [1:53:42] ng [1:53:42] diskusyon [1:53:43] ko [1:53:43] kasama [1:53:44] dun [1:53:45] na [1:53:45] matiwasay [1:53:47] ang [1:53:47] ating [1:53:48] buhay [1:53:48] so [1:53:48] pag [1:53:49] nagkakabagyo [1:53:49] pag [1:53:50] nagkakaroon [1:53:50] ng [1:53:51] El Niño [1:53:51] lahat [1:53:52] yun [1:53:52] problema [1:53:52] sa atin [1:53:53] so [1:53:53] pag [1:53:53] sobrang [1:53:54] init [1:53:54] naman [1:53:54] hindi [1:53:55] rin [1:53:55] makatulog [1:53:56] ang mga [1:53:56] tao [1:53:56] diba [1:53:57] so [1:53:57] yun [1:53:57] naman [1:53:58] ang [1:53:58] kahalaga [1:53:58] ng [1:53:59] electric [1:53:59] fan [1:53:59] hindi [1:54:00] luho [1:54:00] ang [1:54:00] electric [1:54:00] fan [1:54:01] so [1:54:01] kung [1:54:02] kayo [1:54:04] isang [1:54:04] pamilya [1:54:05] maganda [1:54:06] sana [1:54:06] kung [1:54:06] more [1:54:06] than [1:54:07] one [1:54:07] electric [1:54:07] fan [1:54:07] pero [1:54:07] ang [1:54:08] puntos [1:54:08] ko [1:54:08] dito [1:54:08] sa [1:54:08] 50 [1:54:09] kilowatts [1:54:09] per [1:54:10] hour [1:54:10] one [1:54:11] electric [1:54:11] fan [1:54:11] lang [1:54:12] ang [1:54:12] covered [1:54:12] yun [1:54:12] lang [1:54:12] yung [1:54:13] point [1:54:13] ko [1:54:13] napakaliit [1:54:14] lang [1:54:14] ng [1:54:15] ano [1:54:15] and [1:54:15] again [1:54:15] idudugtong [1:54:16] ko [1:54:16] sa [1:54:17] sinabi [1:54:17] ni [1:54:17] Yusek [1:54:18] Dimaporo [1:54:18] na [1:54:19] more or less [1:54:20] 5 pesos [1:54:20] ang karagdaga [1:54:21] na [1:54:22] binabayaran [1:54:23] dun sa [1:54:24] isang [1:54:24] electricity [1:54:24] bill [1:54:25] na [1:54:25] nasa [1:54:26] 9,000 [1:54:27] pesos [1:54:27] 5 pesos [1:54:28] lang [1:54:28] ang [1:54:29] contribution [1:54:29] for [1:54:29] the [1:54:30] lifeline [1:54:30] now [1:54:31] to be [1:54:32] clear [1:54:32] meron [1:54:33] ding [1:54:33] lifeline [1:54:34] na [1:54:34] 100 [1:54:35] kilowatts [1:54:35] pero [1:54:36] yun [1:54:36] hindi [1:54:36] 100% [1:54:38] ang [1:54:38] subsidy [1:54:38] yan [1:54:39] ay [1:54:39] 20% [1:54:40] lang [1:54:41] ito [1:54:41] kung [1:54:41] tatanungin [1:54:42] mo ko [1:54:42] medyo [1:54:42] mas [1:54:43] makatarungan [1:54:44] yung [1:54:44] 100 [1:54:44] kilowatts [1:54:45] kasi [1:54:46] covered [1:54:47] nito [1:54:47] is [1:54:47] yung [1:54:48] kuryente [1:54:48] mo [1:54:48] for [1:54:49] more [1:54:49] appliances [1:54:50] and [1:54:51] more [1:54:51] charging [1:54:52] facilities [1:54:53] kasi [1:54:53] nowadays [1:54:53] it's a [1:54:54] charge [1:54:54] mo [1:54:54] cellphone [1:54:55] eh [1:54:55] kung [1:54:56] ako [1:54:56] yung [1:54:56] nanay [1:54:57] may [1:54:57] mga [1:54:57] dalagita [1:54:58] akong [1:54:58] anak [1:54:58] nagkakasabi [1:55:00] mo [1:55:00] ng [1:55:00] college [1:55:01] na [1:55:01] sila [1:55:01] naglalakad [1:55:05] madilim [1:55:05] so [1:55:06] talagang [1:55:07] essential [1:55:07] na rin [1:55:07] sa atin [1:55:08] yung [1:55:08] cellphone [1:55:09] paano [1:55:09] magcharge [1:55:09] hindi [1:55:10] covered [1:55:10] yun [1:55:10] sa [1:55:10] 50 [1:55:11] pero [1:55:12] sa [1:55:12] 100 [1:55:12] covered [1:55:13] pero [1:55:14] 20% [1:55:15] lang [1:55:15] ang [1:55:15] discount [1:55:15] so [1:55:15] maraming [1:55:16] nuances [1:55:16] to [1:55:17] I'm [1:55:18] just [1:55:18] pointing [1:55:19] out [1:55:19] na [1:55:19] yung [1:55:19] 50 [1:55:20] kulang [1:55:20] na [1:55:20] kulang [1:55:20] kung [1:55:21] dadagdagan [1:55:21] naman [1:55:22] natin [1:55:22] sa [1:55:22] 100 [1:55:22] based [1:55:24] dun [1:55:24] sa [1:55:24] studies [1:55:25] natin [1:55:27] it's [1:55:27] already [1:55:27] one [1:55:28] of [1:55:28] the [1:55:28] biggest [1:55:28] subsidy [1:55:29] sa [1:55:30] Asia [1:55:30] so [1:55:31] kahit [1:55:31] hindi [1:55:31] naman [1:55:31] 100 [1:55:32] baka [1:55:32] naman [1:55:32] like [1:55:33] I said [1:55:33] yung [1:55:33] 100 [1:55:33] naman [1:55:34] na [1:55:34] yun [1:55:34] is [1:55:34] discounted [1:55:35] lang [1:55:35] hindi [1:55:36] naman [1:55:36] 100% [1:55:37] so [1:55:38] we can [1:55:38] go into [1:55:39] that [1:55:39] more [1:55:39] pag [1:55:40] hinimay [1:55:40] na [1:55:40] natin [1:55:41] yung [1:55:41] bawat [1:55:41] charge [1:55:43] nakakadagdag [1:55:44] sa [1:55:44] budget [1:55:45] pinapoint [1:55:46] out [1:55:46] ko [1:55:46] lang [1:55:46] na [1:55:46] ito [1:55:47] ito [1:55:47] yung [1:55:47] essentials [1:55:47] na [1:55:48] nakakarating [1:55:49] sa mga [1:55:49] kababayan [1:55:50] natin [1:55:50] na [1:55:50] nangangailangan [1:55:51] okay [1:55:52] so [1:55:52] since [1:55:52] na yan [1:55:52] na rin [1:55:53] lang [1:55:53] naman [1:55:53] yung [1:55:54] ating [1:55:54] topic [1:55:56] isunod [1:55:57] ko na [1:55:58] rin [1:55:58] ang [1:55:59] South [1:56:00] Luzon [1:56:00] Integral [1:56:01] Ecology [1:56:01] Hub [1:56:02] it is [1:56:04] Reverend [1:56:04] Father [1:56:05] Warren [1:56:05] Puno [1:56:05] Sir [1:56:06] you have [1:56:06] the [1:56:06] floor [1:56:06] Gandang [1:56:07] hapon po [1:56:09] Madam Chair [1:56:10] at sa lahat [1:56:10] po [1:56:11] ng [1:56:11] narito [1:56:11] sa [1:56:14] angalan po [1:56:14] ni Bishop [1:56:14] Gerald [1:56:15] Minasa [1:56:15] ng [1:56:16] Caritas [1:56:17] Philippines [1:56:18] po si [1:56:18] Father [1:56:19] Warren [1:56:19] from [1:56:19] Atemonan [1:56:20] Quezon [1:56:20] Karapatan [1:56:21] at kanina [1:56:22] nabanggit [1:56:23] ni Madam [1:56:23] Chair [1:56:23] sa simula [1:56:24] yung [1:56:24] namatay [1:56:25] na [1:56:25] lolo [1:56:26] dahil [1:56:27] hindi [1:56:27] nakapag [1:56:27] nebulize [1:56:29] kaya [1:56:29] napakahalaga [1:56:30] po [1:56:30] ng [1:56:30] kuryente [1:56:31] lalo [1:56:31] na sa [1:56:32] mga [1:56:32] vulnerable [1:56:33] sektor [1:56:34] kailangan [1:56:35] ito [1:56:35] para [1:56:35] sa [1:56:35] disenting [1:56:36] pamumuhay [1:56:37] ng lahat [1:56:37] Nilantad [1:56:38] po [1:56:38] ng [1:56:39] energy [1:56:39] crisis [1:56:39] nangyayari [1:56:40] ngayon [1:56:40] na [1:56:41] ordinary [1:56:41] mamamayan [1:56:42] ang [1:56:42] pinakakaawa-awa [1:56:43] sa patuloy [1:56:44] nating [1:56:44] pagtangkilik [1:56:45] sa imported [1:56:46] na coal [1:56:46] gas [1:56:47] at langis [1:56:48] para sa [1:56:49] kuryente [1:56:49] yan po [1:56:50] ang katotohanan [1:56:51] hindi [1:56:51] na nga [1:56:52] po [1:56:53] maaasahan [1:56:53] ubod [1:56:54] pa [1:56:54] ng [1:56:55] mahal [1:56:55] kaya [1:56:57] kaisa [1:56:57] po [1:56:58] kami [1:56:58] sa maraming [1:57:00] panukala [1:57:01] nabawasan [1:57:01] o repasuhin [1:57:02] ang mga [1:57:02] gastusin [1:57:03] sa electricity [1:57:03] bill [1:57:04] na hindi [1:57:05] naman [1:57:05] nakatali [1:57:05] sa mismong [1:57:06] konsumo [1:57:07] yung [1:57:08] ibat-ibang [1:57:09] pass-through [1:57:09] charges [1:57:10] kung tawagin [1:57:10] ngunit [1:57:11] mariin din po [1:57:12] namin [1:57:12] hinihingi [1:57:13] na aksyonan [1:57:14] ang pinakamahal [1:57:15] na pass-through [1:57:16] charge [1:57:16] yun po [1:57:16] yung [1:57:17] nakapaloob [1:57:17] sa generation [1:57:18] charge [1:57:18] na higit [1:57:19] kalahati [1:57:20] ng bill [1:57:21] sa kuryente [1:57:21] na binabangit [1:57:22] po [1:57:22] kanina pa [1:57:23] sa tuwing [1:57:23] sumisirit [1:57:24] ang presyo [1:57:24] ng coal [1:57:25] gas [1:57:25] at langis [1:57:26] sa [1:57:26] pandaigdig [1:57:27] ang [1:57:27] merkado [1:57:27] consumer [1:57:28] ang pumapasan [1:57:29] ng dagdag [1:57:30] na gastusin [1:57:30] dahil [1:57:31] pinapayagan [1:57:32] sa mismong [1:57:32] mga [1:57:33] kontrata [1:57:33] ng mga [1:57:34] kumpanya [1:57:34] ng [1:57:35] distribution [1:57:35] at [1:57:36] generation [1:57:36] nagreport [1:57:37] na naman [1:57:41] nga po [1:57:41] ng [1:57:42] mataas [1:57:42] na kita [1:57:43] sa unang [1:57:43] quarter [1:57:44] ng taon [1:57:44] ng [1:57:44] Miralco [1:57:45] na pangunahing [1:57:46] mula [1:57:47] sa negwasyon [1:57:48] nito [1:57:48] sa generation [1:57:49] sa katunayan [1:57:50] sa bayan [1:57:51] po namin [1:57:51] sa Atimonan [1:57:52] kung saan [1:57:52] ako [1:57:52] nakadistino [1:57:53] pilit [1:57:54] pa rin [1:57:54] itinatayo [1:57:55] ng Miralco [1:57:56] na may [1:57:56] bas-bas [1:57:57] ng DOE [1:57:57] ang isang [1:57:58] 1,200 [1:57:59] megawatt [1:58:00] na coal [1:58:00] plant [1:58:00] na matagal [1:58:01] na po [1:58:02] namin [1:58:02] tinututulan [1:58:03] more than [1:58:03] 10 years [1:58:04] maliban [1:58:05] sa [1:58:05] mapanira [1:58:06] sa [1:58:06] kalikasan [1:58:06] at klima [1:58:07] magiging [1:58:08] karagdagang [1:58:09] pinagmumunan [1:58:09] lang ito [1:58:10] ng mga [1:58:11] automatic [1:58:11] fuel [1:58:12] pass-through [1:58:13] charges [1:58:13] na ipapasa [1:58:14] ng [1:58:14] Miralco [1:58:14] sa mga [1:58:15] consumer [1:58:15] kung tunay [1:58:17] nga po [1:58:17] nais [1:58:17] ang ating [1:58:18] mababatas [1:58:18] at [1:58:18] pamahalaan [1:58:19] na bigyang [1:58:19] ginhawa [1:58:20] ang mga [1:58:20] consumer [1:58:20] hindi po [1:58:21] dapat [1:58:22] isantabi [1:58:22] ang pinakamahal [1:58:23] na generation [1:58:24] cost [1:58:24] hindi po [1:58:25] dapat [1:58:25] hayaang [1:58:26] pagkakitaan [1:58:27] ang mga [1:58:27] ordinary [1:58:28] umamamayan [1:58:28] sa gitna [1:58:29] ng [1:58:29] krisis [1:58:29] Tanya [1:58:31] din po [1:58:32] ngayon [1:58:32] ang [1:58:33] pagmamasama [1:58:33] sa inisyatibo [1:58:35] ng marami [1:58:35] na humanap [1:58:36] ng [1:58:36] alternatibo [1:58:38] sa mahal [1:58:38] na kuryente [1:58:39] ang [1:58:40] tawag [1:58:40] po [1:58:40] ng [1:58:40] Miralco [1:58:41] Guerilla [1:58:42] Solar [1:58:42] Sa totoo [1:58:43] lamang po [1:58:44] ang simbahan [1:58:44] ay ilang [1:58:45] taon [1:58:45] nang pinagsisikapan [1:58:46] na magkaroon [1:58:46] ng mga [1:58:47] solar [1:58:47] rooftop [1:58:47] ang mga [1:58:48] parokya [1:58:48] daisis [1:58:49] sa mga [1:58:49] komunidad [1:58:50] namin [1:58:50] Totoong [1:58:51] dapat [1:58:51] tinitiyak [1:58:52] na ligtas [1:58:52] ang paggamit [1:58:53] ng solar [1:58:53] at [1:58:54] namaganda [1:58:55] ang kalidad [1:58:55] ng [1:58:55] materials [1:58:56] ito [1:58:56] pero [1:58:56] hindi po [1:58:57] kami [1:58:57] sangayon [1:58:58] sa mga [1:58:58] panukalang [1:58:59] tila [1:58:59] gusto [1:58:59] itong [1:59:00] limitahan [1:59:00] hindi [1:59:01] sinusupil [1:59:02] kundi [1:59:03] sinusuportahan [1:59:04] Hindi po [1:59:04] karagdagang [1:59:05] regulasyon [1:59:06] ang dapat [1:59:06] isulong [1:59:06] ng [1:59:06] pamahalaan [1:59:07] kundi [1:59:07] malawakang [1:59:08] pagpapalaganan [1:59:09] ng kaalaman [1:59:10] at ng mga [1:59:10] mekanismong [1:59:11] pwedeng gamitin [1:59:12] para makapagpundar [1:59:13] ang taong [1:59:13] bayan [1:59:13] ng sarili [1:59:14] nilang [1:59:14] solar [1:59:15] rooftops [1:59:15] sa ligtas [1:59:16] sa paraan [1:59:17] at [1:59:17] lalong [1:59:18] madaling [1:59:18] panahon [1:59:19] Minumukahe [1:59:21] nga po [1:59:21] namin [1:59:21] na [1:59:21] ang ating [1:59:22] pamahalaan [1:59:23] mismo [1:59:23] ang [1:59:23] manguna [1:59:24] sa [1:59:24] paglalaan [1:59:24] ng [1:59:24] budget [1:59:25] para sa [1:59:25] malawakang [1:59:26] deployment [1:59:27] ng [1:59:27] solar [1:59:27] rooftops [1:59:28] bilang [1:59:28] bahagi [1:59:28] ng [1:59:29] energy [1:59:29] response [1:59:30] ng [1:59:31] bansa [1:59:31] ang [1:59:31] ating [1:59:32] gobyerno [1:59:32] po [1:59:32] mismo [1:59:32] ang [1:59:33] dapat [1:59:33] maging [1:59:34] agresibo [1:59:34] sa [1:59:35] deployment [1:59:35] ng [1:59:35] solar [1:59:36] lalo [1:59:36] na [1:59:36] sa [1:59:37] mga [1:59:37] vulnerable [1:59:37] sector [1:59:38] pinakamahirap [1:59:39] ng mga [1:59:39] kababayan [1:59:40] natin [1:59:40] at mga [1:59:41] sa mga [1:59:41] off-grid [1:59:41] areas [1:59:42] na langis [1:59:43] at [1:59:43] bunker [1:59:43] fuels [1:59:44] pa rin [1:59:44] ang gamit [1:59:44] para sa [1:59:45] kuryente [1:59:45] kung kaya [1:59:46] sobrang [1:59:46] mahal [1:59:47] ng presyo [1:59:47] sa atin [1:59:48] pong [1:59:48] at [1:59:49] lagi [1:59:49] pong [1:59:49] may [1:59:50] outage [1:59:50] Panguli [1:59:50] na po [1:59:51] ininginig [1:59:52] po [1:59:52] namin [1:59:53] na isulong [1:59:54] ng mga [1:59:54] mababatas [1:59:55] natin [1:59:55] ang [1:59:56] pangmatagalang [1:59:56] proteksyon [1:59:57] para sa [1:59:57] mga [1:59:57] Pilipino [1:59:58] sa [1:59:58] iba pang [1:59:59] mga [1:59:59] krisis [2:00:00] sa [2:00:00] hinaharap [2:00:01] ang [2:00:01] pagpapabilis [2:00:02] at [2:00:03] pagangat [2:00:03] sa [2:00:04] ambisyon [2:00:04] ng [2:00:04] bansa [2:00:05] para sa [2:00:06] renewable [2:00:07] energy [2:00:07] para [2:00:08] makawala [2:00:09] ang mga [2:00:10] kababayan [2:00:10] natin [2:00:11] mula [2:00:11] sa [2:00:11] mahal [2:00:12] at [2:00:12] di [2:00:12] maaasahang [2:00:13] kuryente [2:00:14] mula [2:00:15] sa [2:00:15] coal [2:00:15] gas [2:00:16] at [2:00:17] langis [2:00:17] kanina [2:00:18] pa po [2:00:18] panghuli [2:00:19] po [2:00:19] pinag-uusapan [2:00:21] po [2:00:21] yung [2:00:21] yung [2:00:22] pass-through [2:00:23] cost [2:00:24] sa [2:00:24] kayong [2:00:24] pong [2:00:25] outages [2:00:25] so [2:00:26] ang [2:00:26] sagot po [2:00:27] dito [2:00:27] talaga [2:00:27] renewable [2:00:27] energy [2:00:28] so [2:00:29] diversifying [2:00:30] and [2:00:31] developing [2:00:31] renewable [2:00:31] energy [2:00:32] further [2:00:33] stabilizes [2:00:34] supply [2:00:34] and [2:00:35] is [2:00:35] more [2:00:35] reliable [2:00:36] so [2:00:37] then [2:00:38] RE [2:00:38] has [2:00:38] no [2:00:39] pass-through [2:00:40] no [2:00:41] imported [2:00:41] pure [2:00:42] not [2:00:42] vulnerable [2:00:43] to [2:00:43] volatile [2:00:44] prices [2:00:44] in the [2:00:44] global [2:00:45] market [2:00:45] easily [2:00:46] deployable [2:00:47] and [2:00:47] is [2:00:48] currently [2:00:48] being [2:00:48] used [2:00:49] by [2:00:49] a [2:00:49] growing [2:00:50] numbers [2:00:50] of [2:00:50] consumers [2:00:51] to [2:00:51] combat [2:00:52] higher [2:00:52] prices [2:00:53] maraming [2:00:53] salamat [2:00:54] po [2:00:54] Madam [2:00:54] Chair [2:00:54] thank [2:00:57] you [2:00:57] very [2:00:57] much [2:00:57] father [2:00:58] let's [2:01:00] now [2:01:00] go [2:01:01] to [2:01:01] the [2:01:01] last [2:01:01] two [2:01:02] let [2:01:03] me [2:01:04] call [2:01:04] on [2:01:04] the [2:01:04] energy [2:01:05] lawyers [2:01:05] association [2:01:06] of the [2:01:07] Philippines [2:01:07] attorney [2:01:10] incarnation [2:01:11] and [2:01:12] then [2:01:12] I [2:01:13] think [2:01:13] it's [2:01:13] the [2:01:13] last [2:01:14] resource [2:01:16] person [2:01:17] or [2:01:17] resource [2:01:18] group [2:01:18] the [2:01:18] independent [2:01:19] electricity [2:01:20] market [2:01:20] operator [2:01:21] of the [2:01:21] Philippines [2:01:21] you'll [2:01:22] be [2:01:22] next [2:01:22] thank [2:01:22] you [2:01:22] go [2:01:22] ahead [2:01:22] ma'am [2:01:23] thank [2:01:23] you [2:01:23] very [2:01:24] much [2:01:24] your [2:01:24] honor [2:01:24] we [2:01:25] want [2:01:25] to [2:01:26] thank [2:01:26] we [2:01:26] have [2:01:27] submitted [2:01:27] our [2:01:27] position [2:01:28] paper [2:01:28] on [2:01:28] this [2:01:28] matter [2:01:29] and [2:01:29] we [2:01:29] want [2:01:29] to [2:01:29] introduce [2:01:30] ourselves [2:01:30] we [2:01:31] are [2:01:31] an [2:01:31] organization [2:01:32] of [2:01:32] lawyers [2:01:33] specializing [2:01:33] in the [2:01:34] practice [2:01:34] in the [2:01:34] energy [2:01:35] sector [2:01:35] with [2:01:36] the [2:01:36] objectives [2:01:36] of [2:01:37] promoting [2:01:37] professional [2:01:37] excellence [2:01:38] and [2:01:39] integrity [2:01:39] among [2:01:39] us [2:01:41] while [2:01:41] advocating [2:01:42] a fair [2:01:42] competitive [2:01:43] and [2:01:43] sustainability [2:01:43] driven [2:01:44] energy [2:01:44] sector [2:01:45] to [2:01:46] facilitate [2:01:47] your [2:01:47] honor [2:01:47] we [2:01:48] support [2:01:48] the [2:01:48] position [2:01:49] of [2:01:49] the [2:01:50] honorable [2:01:50] senator [2:01:50] legarda [2:01:51] in [2:01:51] removing [2:01:52] the [2:01:53] value [2:01:53] added [2:01:54] tax [2:01:54] on [2:01:55] the [2:01:55] system [2:01:55] losses [2:01:56] we [2:01:57] wish [2:01:57] to [2:01:58] read [2:01:58] a [2:01:58] portion [2:01:59] of [2:01:59] our [2:01:59] position [2:01:59] paper [2:02:00] we [2:02:01] note [2:02:01] that [2:02:01] the [2:02:01] recovery [2:02:02] of [2:02:02] our [2:02:02] system [2:02:02] loss [2:02:03] is [2:02:03] a [2:02:03] mechanism [2:02:04] by [2:02:04] which [2:02:04] de-use [2:02:05] pass [2:02:05] on [2:02:05] to [2:02:06] consumers [2:02:06] the [2:02:06] cost [2:02:07] of [2:02:07] electricity [2:02:07] that [2:02:08] was [2:02:08] lost [2:02:09] due [2:02:09] to [2:02:09] the [2:02:09] following [2:02:09] reasons [2:02:10] technical [2:02:11] since [2:02:11] energy [2:02:11] is [2:02:12] normally [2:02:12] dissipated [2:02:13] as [2:02:13] heat [2:02:13] as [2:02:14] it [2:02:14] travels [2:02:15] to [2:02:15] the [2:02:15] wire [2:02:15] and [2:02:16] non [2:02:16] technical [2:02:16] reasons [2:02:17] primarily [2:02:17] due [2:02:18] to [2:02:18] pilferage [2:02:19] and [2:02:19] inaccuracies [2:02:21] and [2:02:21] tampering [2:02:21] effectively [2:02:23] this is [2:02:23] a [2:02:23] component [2:02:24] of [2:02:25] consumer [2:02:25] bills [2:02:25] that [2:02:26] is [2:02:26] not [2:02:26] a [2:02:26] result [2:02:27] of [2:02:27] its [2:02:27] energy [2:02:27] consumption [2:02:28] but [2:02:29] an [2:02:29] incident [2:02:29] arising [2:02:30] from [2:02:30] physics [2:02:31] inefficiencies [2:02:32] in [2:02:32] curbing [2:02:32] pilferages [2:02:33] and [2:02:33] the [2:02:34] failure [2:02:34] to [2:02:34] install [2:02:34] wires [2:02:35] that [2:02:35] will [2:02:35] reduce [2:02:36] the [2:02:36] amount [2:02:37] of [2:02:37] line [2:02:37] losses [2:02:37] considering [2:02:39] its [2:02:39] nature [2:02:40] the [2:02:40] pass [2:02:40] on [2:02:40] charge [2:02:41] for [2:02:41] system [2:02:41] losses [2:02:42] does [2:02:42] not [2:02:42] provide [2:02:43] benefit [2:02:43] or [2:02:43] gain [2:02:44] to [2:02:44] any [2:02:45] other [2:02:45] consumer [2:02:45] nor [2:02:46] is [2:02:47] electricity [2:02:47] consumed [2:02:48] by [2:02:48] the [2:02:49] energy [2:02:49] consumers [2:02:49] which [2:02:50] may [2:02:51] not [2:02:51] be [2:02:51] treated [2:02:51] as [2:02:52] a [2:02:52] vatable [2:02:53] transaction [2:02:53] because [2:02:54] vat is [2:02:56] a [2:02:56] consumption [2:02:56] tax [2:02:57] and [2:02:57] if [2:02:57] your [2:02:58] consumer [2:02:58] do [2:02:58] not [2:02:59] consume [2:02:59] such [2:03:00] commodity [2:03:01] then [2:03:02] it's [2:03:02] not [2:03:02] a [2:03:02] vatable [2:03:03] transaction [2:03:03] this [2:03:04] is [2:03:04] our [2:03:04] position [2:03:05] nevertheless [2:03:05] we do [2:03:06] acknowledge [2:03:07] that [2:03:07] it's [2:03:08] part [2:03:08] of [2:03:08] the [2:03:09] gross [2:03:09] sales [2:03:09] of [2:03:10] generators [2:03:10] and [2:03:11] the [2:03:12] position [2:03:13] of [2:03:13] the [2:03:13] chairman [2:03:14] Nino [2:03:14] might [2:03:15] have [2:03:15] might [2:03:17] be [2:03:17] taken [2:03:18] into [2:03:18] consideration [2:03:19] the [2:03:20] possibility [2:03:21] that [2:03:21] the [2:03:21] component [2:03:22] of [2:03:22] system [2:03:22] losses [2:03:23] will [2:03:23] be [2:03:23] carved [2:03:24] out [2:03:24] as [2:03:25] gross [2:03:26] sales [2:03:26] for [2:03:27] generators [2:03:28] because [2:03:29] this [2:03:29] is [2:03:30] treated [2:03:30] as [2:03:30] part [2:03:31] of [2:03:31] their [2:03:31] gross [2:03:31] sales [2:03:32] relative [2:03:33] to [2:03:33] the [2:03:33] mechanics [2:03:34] of [2:03:34] this [2:03:34] maybe [2:03:35] this [2:03:36] is [2:03:36] just [2:03:36] a [2:03:36] matter [2:03:37] that [2:03:37] we [2:03:37] can [2:03:37] consider [2:03:38] or [2:03:40] in [2:03:40] if [2:03:41] we [2:03:42] can [2:03:42] also [2:03:42] consider [2:03:42] an [2:03:43] amendment [2:03:43] of [2:03:43] the [2:03:44] pair [2:03:44] relative [2:03:44] to [2:03:45] systems [2:03:46] losses [2:03:47] of [2:03:47] available [2:03:48] transaction [2:03:48] thank [2:03:53] you [2:03:53] and [2:03:55] finally [2:03:55] let's [2:03:56] go to [2:03:56] the [2:03:56] independent [2:03:57] electricity [2:03:57] market [2:03:58] operator [2:03:59] engineer [2:04:01] Robinson [2:04:01] Descanso [2:04:02] president [2:04:03] and CEO [2:04:04] thank [2:04:05] thank [2:04:05] you [2:04:05] madam [2:04:05] chair [2:04:06] the [2:04:08] wholesale [2:04:09] electricity [2:04:09] spot [2:04:10] market [2:04:10] serves [2:04:11] the [2:04:12] central [2:04:12] venue [2:04:13] for [2:04:14] trading [2:04:14] the [2:04:14] electricity [2:04:15] where [2:04:16] the [2:04:17] generators [2:04:17] can [2:04:17] sell [2:04:18] their [2:04:18] capacities [2:04:19] and [2:04:19] distribution [2:04:21] utilities [2:04:22] ECs [2:04:23] rest [2:04:23] and [2:04:24] big [2:04:25] customers [2:04:26] can [2:04:26] buy [2:04:26] part [2:04:28] of [2:04:28] their [2:04:29] consumption [2:04:29] mostly [2:04:31] the [2:04:31] consumption [2:04:32] of [2:04:32] these [2:04:32] deals [2:04:35] and [2:04:35] ECs [2:04:36] are covered [2:04:36] by [2:04:37] contract [2:04:37] but [2:04:37] in [2:04:38] the [2:04:38] spot [2:04:38] market [2:04:38] around [2:04:39] historically [2:04:40] around [2:04:41] 15% [2:04:42] to 25% [2:04:43] is [2:04:44] traded [2:04:44] through [2:04:44] the [2:04:45] spot [2:04:45] ito po [2:04:45] in [2:04:45] portion [2:04:46] na [2:04:46] hindi [2:04:46] covered [2:04:47] ng [2:04:47] kontrata [2:04:48] ng [2:04:48] mga [2:04:49] utilities [2:04:49] so [2:04:50] the [2:04:52] prices [2:04:53] in [2:04:53] the [2:04:53] market [2:04:54] nagbabago [2:04:55] bago [2:04:55] po yan [2:04:55] depende [2:04:56] sa [2:04:56] oras [2:04:57] at [2:04:57] saka [2:04:57] depende [2:04:57] sa [2:04:58] if [2:04:59] it's [2:04:59] summer [2:04:59] or [2:05:00] Christmas [2:05:02] season [2:05:03] po [2:05:03] at [2:05:04] apektado [2:05:05] po [2:05:05] yung [2:05:05] preso [2:05:06] mga [2:05:06] biniyang [2:05:09] sa [2:05:09] merkado [2:05:10] lalo-lalo [2:05:12] na [2:05:12] pag [2:05:12] matasang [2:05:13] demand [2:05:13] so [2:05:14] kailangan [2:05:14] po [2:05:14] maraming [2:05:15] generators [2:05:16] na [2:05:17] will [2:05:19] be [2:05:20] scheduled [2:05:21] sa [2:05:21] market [2:05:21] because [2:05:22] yung [2:05:23] the way [2:05:25] the [2:05:25] manner [2:05:26] that [2:05:26] these [2:05:26] generators [2:05:27] are [2:05:28] arranged [2:05:29] po [2:05:29] is [2:05:29] unahin [2:05:30] natin [2:05:30] yung [2:05:30] pinakamura [2:05:31] ang [2:05:31] offer [2:05:32] sa [2:05:32] market [2:05:33] and [2:05:33] then [2:05:33] kung [2:05:34] kailangan [2:05:34] pa [2:05:34] ng [2:05:34] additional [2:05:35] will [2:05:36] call [2:05:36] on [2:05:36] the [2:05:36] next [2:05:36] which [2:05:37] carries [2:05:37] higher [2:05:38] more [2:05:39] expensive [2:05:40] well [2:05:41] higher [2:05:41] price [2:05:42] than [2:05:42] the [2:05:42] previous [2:05:43] one [2:05:43] so [2:05:43] pag [2:05:44] mataas [2:05:44] ang demand [2:05:44] mataas [2:05:45] po [2:05:45] ang [2:05:45] presyoan [2:05:46] lalo [2:05:47] na [2:05:47] pag [2:05:47] summer [2:05:47] and [2:05:48] then [2:05:48] yung [2:05:50] mga [2:05:50] generators [2:05:51] kasi [2:05:51] should [2:05:51] be [2:05:52] available [2:05:53] ito [2:05:54] po [2:05:54] kasi [2:05:54] yung [2:05:54] mga [2:05:55] pinilano [2:05:55] ng [2:05:55] DOE [2:05:56] na [2:05:56] by [2:05:56] this [2:05:57] time [2:05:57] ito [2:05:57] na [2:05:57] yung [2:05:57] mga [2:05:58] generators [2:05:58] na [2:05:58] nakapasok [2:05:59] sa [2:05:59] system [2:06:01] so [2:06:01] in [2:06:02] real [2:06:02] time [2:06:02] pag [2:06:03] merong [2:06:03] mga [2:06:03] generators [2:06:04] na [2:06:04] wala [2:06:05] lalo [2:06:05] lalo [2:06:05] na [2:06:06] kung [2:06:06] ito [2:06:06] yung [2:06:06] mga [2:06:07] base [2:06:07] load [2:06:08] tatas [2:06:08] po [2:06:08] yung [2:06:08] presyo [2:06:09] because [2:06:09] yung [2:06:11] nabagit [2:06:12] nga [2:06:12] po [2:06:12] tatawag [2:06:13] yung [2:06:13] next [2:06:13] plant [2:06:14] available [2:06:15] which [2:06:15] carries [2:06:16] a [2:06:16] higher [2:06:17] price [2:06:17] and [2:06:18] also [2:06:19] this [2:06:20] transmission [2:06:22] system [2:06:22] kailangan [2:06:23] po [2:06:23] talaga [2:06:23] na [2:06:24] malakas [2:06:26] ang [2:06:26] transmission [2:06:27] system [2:06:28] and [2:06:28] can [2:06:30] export [2:06:31] power [2:06:32] from [2:06:32] the [2:06:32] generators [2:06:33] to [2:06:33] the [2:06:33] use [2:06:34] kaya [2:06:34] po [2:06:34] pag [2:06:34] nagkakaroon [2:06:35] ng [2:06:35] major [2:06:36] transmission [2:06:37] line [2:06:38] out [2:06:38] it [2:06:38] nagkakaroon [2:06:39] din [2:06:39] ng [2:06:39] rescheduling [2:06:42] mga [2:06:43] planta [2:06:43] at [2:06:43] tumatas [2:06:44] yung [2:06:44] presyo [2:06:45] sa [2:06:45] market [2:06:46] so [2:06:46] sa [2:06:47] market [2:06:48] po [2:06:48] we [2:06:49] implement [2:06:50] yung [2:06:51] collection [2:06:52] ng [2:06:52] VAT [2:06:53] sa [2:06:53] EWT [2:06:54] based [2:06:55] national [2:06:58] internal [2:06:59] revenue [2:06:59] code [2:07:00] but [2:07:00] if [2:07:01] the [2:07:03] proposals [2:07:06] are [2:07:07] to [2:07:08] exempt [2:07:08] from [2:07:08] the [2:07:09] electricity [2:07:09] from [2:07:10] VAT [2:07:10] collection [2:07:11] we [2:07:12] want [2:07:15] to [2:07:15] maintain [2:07:15] our [2:07:16] neutrality [2:07:17] but [2:07:18] of [2:07:18] course [2:07:18] I [2:07:18] will [2:07:19] abide [2:07:19] whatever [2:07:20] is [2:07:21] approved [2:07:22] Madam [2:07:23] Chair [2:07:23] maraming [2:07:24] salamat [2:07:24] po [2:07:24] thank [2:07:28] thank [2:07:28] thank you [2:07:28] thank you [2:08:14] for [2:08:14] everyone's [2:08:14] input [2:08:15] I [2:08:16] just [2:08:16] want [2:08:16] to [2:08:16] make [2:08:16] a [2:08:17] closing [2:08:17] statement [2:08:18] before [2:08:18] we [2:08:19] suspend [2:08:20] we're [2:08:20] not [2:08:20] going [2:08:20] to [2:08:20] adjourn [2:08:21] this [2:08:21] is [2:08:21] really [2:08:21] just [2:08:22] the [2:08:22] beginning [2:08:22] of [2:08:22] our [2:08:22] discussions [2:08:23] on [2:08:23] all [2:08:23] these [2:08:24] issues [2:08:24] so [2:08:25] give [2:08:26] me [2:08:26] a [2:08:26] moment [2:08:26] to [2:08:26] pull [2:08:27] out [2:08:27] my [2:08:27] notes [2:08:28] okay [2:10:04] so [2:10:08] even [2:10:08] even [2:10:09] on [2:10:09] the [2:10:09] main [2:10:10] topic [2:10:10] which [2:10:10] is [2:10:11] yung [2:10:11] how [2:10:12] all [2:10:13] of [2:10:13] these [2:10:13] charges [2:10:14] affect [2:10:14] our [2:10:15] electricity [2:10:15] bill [2:10:16] medyo [2:10:17] hindi pa [2:10:17] nga [2:10:17] natin [2:10:18] na [2:10:18] cover [2:10:20] lahat [2:10:20] but [2:10:20] we've [2:10:21] already [2:10:21] started [2:10:22] with a [2:10:22] very [2:10:22] good [2:10:22] discussion [2:10:23] everyone [2:10:24] wala [2:10:25] yatang [2:10:25] ni isang [2:10:25] tao [2:10:26] dito [2:10:26] na [2:10:26] nagsabi [2:10:26] naman [2:10:27] na [2:10:27] ayaw [2:10:28] natin [2:10:28] bumaba [2:10:28] ang [2:10:29] presyo [2:10:29] ng [2:10:29] kuryente [2:10:30] lahat [2:10:31] naman [2:10:31] nagkakaisa [2:10:31] doon [2:10:32] ang [2:10:32] tanong [2:10:32] na [2:10:33] lang [2:10:33] is [2:10:33] papaano [2:10:34] papaano [2:10:35] gagawin [2:10:35] yun [2:10:35] ano [2:10:35] yung [2:10:36] mga [2:10:36] low [2:10:36] hanging [2:10:36] fruit [2:10:37] ako [2:10:37] kasi [2:10:37] gusto [2:10:38] ko [2:10:38] parating [2:10:38] ano [2:10:39] yung [2:10:39] madali [2:10:39] gawin [2:10:39] na [2:10:39] natin [2:10:40] kaagad [2:10:40] diba [2:10:40] or [2:10:41] ano [2:10:41] naman [2:10:42] yung [2:10:42] wag [2:10:42] essential [2:10:43] yan [2:10:43] ituloy [2:10:44] natin [2:10:45] yan [2:10:45] program [2:10:45] yan [2:10:45] kasi [2:10:46] napaka [2:10:46] importante [2:10:47] like [2:10:47] for [2:10:47] example [2:10:47] the [2:10:47] lifeline [2:10:48] wala [2:10:48] naman [2:10:49] din [2:10:49] siguro [2:10:49] magsasabi [2:10:50] na [2:10:50] wag [2:10:50] natin [2:10:50] tulungan [2:10:50] yung [2:10:51] pinakamahirap [2:11:01] every day [2:11:04] is a struggle [2:11:04] to even [2:11:05] survive [2:11:05] so [2:11:06] the chairman [2:11:07] respectfully [2:11:08] submits [2:11:09] that [2:11:09] kailangan [2:11:10] natin [2:11:11] mapreserve [2:11:11] yun [2:11:11] and [2:11:12] kung [2:11:12] pwede [2:11:12] pa nga [2:11:13] sanang [2:11:13] madagdagan [2:11:13] ng konti [2:11:14] kasi [2:11:14] yung [2:11:15] 100% [2:11:16] na kinukover [2:11:16] na [2:11:17] 50 [2:11:17] kilowatts [2:11:18] medyo [2:11:19] maliit [2:11:20] lang [2:11:20] hindi [2:11:21] napakaraming [2:11:23] appliances [2:11:24] sa bahay [2:11:24] ang nakukover [2:11:25] yan [2:11:25] talagang [2:11:25] sobrang [2:11:26] basic [2:11:26] lang [2:11:26] doon [2:11:28] naman [2:11:28] sa [2:11:29] pag [2:11:30] exempt [2:11:31] sa VAT [2:11:32] for the [2:11:32] sale of [2:11:33] electricity [2:11:33] by [2:11:34] generation [2:11:34] transmission [2:11:35] distribution [2:11:35] including [2:11:37] services [2:11:37] by [2:11:38] franchise [2:11:38] grantees [2:11:39] ang [2:11:39] sabi [2:11:39] ng [2:11:40] DOF [2:11:41] this is [2:11:41] 84 [2:11:42] to [2:11:42] 106 [2:11:43] billion [2:11:44] pesos [2:11:44] ang [2:11:45] impact [2:11:45] noon [2:11:45] you say [2:11:47] Carlo [2:11:47] tama ba [2:11:47] yung [2:11:47] sinabi ko [2:11:48] 84 [2:11:48] to [2:11:49] 106 [2:11:49] billion [2:11:49] pesos [2:11:50] ako po [2:11:51] ay [2:11:51] nag-chair [2:11:51] na rin [2:11:52] ng [2:11:52] subcommittees [2:11:54] ng [2:11:54] Committee on [2:11:56] Finance [2:11:56] in the [2:11:57] Senate [2:11:57] and I [2:11:58] can tell [2:11:58] you [2:11:58] na yung [2:11:59] 84 [2:11:59] to [2:12:00] 100 [2:12:01] billion [2:12:01] malaki [2:12:02] talaga [2:12:02] ang [2:12:02] impact [2:12:03] nun [2:12:03] sa [2:12:03] education [2:12:03] sa [2:12:04] health [2:12:05] sa [2:12:05] ating [2:12:06] mga [2:12:06] social [2:12:06] services [2:12:07] malaking [2:12:07] impact [2:12:08] yun [2:12:08] so [2:12:09] hindi [2:12:11] rin ako [2:12:11] mahilig [2:12:11] magpasa [2:12:12] ng [2:12:12] bill [2:12:12] na [2:12:13] mabivito [2:12:13] lang [2:12:13] ng [2:12:14] administration [2:12:15] kasi [2:12:15] sayang [2:12:16] lang din [2:12:16] ang [2:12:16] oras [2:12:17] nating [2:12:17] lahat [2:12:17] so [2:12:18] kailangan [2:12:18] pag [2:12:18] aralan [2:12:19] ng [2:12:19] mabuti [2:12:19] to [2:12:19] na [2:12:20] can [2:12:20] we [2:12:20] exempt [2:12:21] na [2:12:21] lang [2:12:21] meron [2:12:22] bang [2:12:22] portions [2:12:23] or [2:12:24] yung [2:12:24] sectors [2:12:25] na [2:12:26] pwedeng [2:12:26] target [2:12:26] in [2:12:27] so [2:12:27] there [2:12:28] were [2:12:29] some [2:12:29] suggestions [2:12:29] also [2:12:30] and [2:12:30] there's [2:12:30] actually [2:12:30] a [2:12:30] bill [2:12:31] on [2:12:31] VAT [2:12:31] exemption [2:12:32] dun [2:12:33] sa [2:12:33] ibang [2:12:34] like [2:12:34] the [2:12:34] subsidy [2:12:35] you know [2:12:35] that [2:12:35] that's [2:12:36] the one [2:12:36] that has [2:12:36] the [2:12:37] there's [2:12:38] a bill [2:12:38] like [2:12:38] that [2:12:38] right [2:12:39] yeah [2:12:39] so [2:12:39] those [2:12:40] are [2:12:40] the [2:12:40] ones [2:12:40] that [2:12:40] again [2:12:41] we [2:12:41] can [2:12:41] consider [2:12:41] kasi [2:12:42] limited [2:12:42] yun [2:12:43] mas [2:12:43] maliit [2:12:43] yung [2:12:44] mas [2:12:46] maliit [2:12:47] ang [2:12:47] tatamaan [2:12:48] na [2:12:48] revenues [2:12:49] ng [2:12:49] gobyerno [2:12:50] pag [2:12:50] doon [2:12:51] tayo [2:12:51] nag [2:12:51] focus [2:12:52] I'm [2:12:52] not [2:12:52] saying [2:12:52] that's [2:12:53] what [2:12:53] we're [2:12:53] going [2:12:53] to [2:12:53] do [2:12:53] I'm [2:12:54] just [2:12:54] trying [2:12:55] to [2:12:55] put [2:12:56] together [2:12:56] the [2:12:56] different [2:12:57] inputs [2:12:57] that [2:12:57] we're [2:12:58] getting [2:12:58] based [2:12:59] also [2:12:59] on [2:12:59] the [2:13:00] bills [2:13:00] that [2:13:00] have [2:13:01] been [2:13:01] filed [2:13:01] what [2:13:03] else [2:13:04] is [2:13:04] my [2:13:04] major [2:13:04] takeaway [2:13:05] yung [2:13:06] isang [2:13:06] major [2:13:06] takeaway [2:13:07] ko [2:13:07] rin [2:13:07] is [2:13:08] yung [2:13:10] paulit [2:13:10] ulit [2:13:11] na [2:13:11] sinabi [2:13:11] ng [2:13:11] ating [2:13:12] mga [2:13:12] government [2:13:13] agencies [2:13:13] and [2:13:14] even [2:13:14] some [2:13:14] from [2:13:14] the [2:13:15] private [2:13:15] sector [2:13:15] that [2:13:16] pagka [2:13:19] like [2:13:20] yung [2:13:20] sa [2:13:20] systems [2:13:21] losses [2:13:21] tinanggal [2:13:22] natin [2:13:22] yun [2:13:23] ang [2:13:23] gagawin [2:13:24] lang [2:13:24] naman [2:13:24] nung [2:13:24] companies [2:13:25] is [2:13:26] babawiin [2:13:27] nila [2:13:27] yung [2:13:28] gastos [2:13:29] nila [2:13:29] doon [2:13:30] na [2:13:30] hindi [2:13:30] na [2:13:30] sila [2:13:30] nagkaroon [2:13:31] ng [2:13:31] subsidy [2:13:31] gagbabawiin [2:13:33] na lang [2:13:33] nila [2:13:33] tatasan [2:13:34] din [2:13:34] nila [2:13:34] yung [2:13:34] presyo [2:13:34] so [2:13:35] ganun [2:13:35] din [2:13:36] mataas [2:13:37] din [2:13:37] yung [2:13:37] presyong [2:13:37] kalalabasan [2:13:38] so [2:13:38] these [2:13:39] are [2:13:39] realities [2:13:40] na [2:13:40] sinasabi [2:13:42] nila [2:13:42] mismo [2:13:43] dito [2:13:43] sa [2:13:43] hearing [2:13:44] natin [2:13:44] tatanggalin [2:13:45] mo [2:13:45] in [2:13:45] one [2:13:45] way [2:13:46] pero [2:13:46] they [2:13:47] will [2:13:47] find [2:13:47] a [2:13:47] way [2:13:47] to [2:13:48] charge [2:13:48] it [2:13:48] to [2:13:48] the [2:13:48] consumer [2:13:49] in [2:13:49] another [2:13:49] way [2:13:55] tatayo [2:13:56] ako [2:13:56] babandera [2:13:57] ko [2:13:57] na [2:13:57] oh [2:13:57] success [2:13:58] tayo [2:13:58] tinanggal [2:13:59] natin [2:14:00] to [2:14:00] tapos [2:14:00] sa [2:14:00] next [2:14:00] bill [2:14:01] bakit [2:14:01] ganun [2:14:01] pa [2:14:01] rin [2:14:02] kasi [2:14:02] bumawi [2:14:03] na lang [2:14:04] sila [2:14:04] in [2:14:04] some [2:14:04] other [2:14:04] way [2:14:05] we [2:14:05] don't [2:14:05] want [2:14:05] that [2:14:05] to [2:14:05] happen [2:14:06] we [2:14:07] want [2:14:07] to [2:14:07] be [2:14:08] very [2:14:08] candid [2:14:08] technical [2:14:09] man [2:14:09] at [2:14:09] man [2:14:09] have [2:14:12] to [2:14:12] study [2:14:13] it [2:14:13] very [2:14:13] carefully [2:14:14] we [2:14:15] will [2:14:15] continue [2:14:15] to [2:14:16] dialogue [2:14:16] with [2:14:16] all [2:14:16] of [2:14:17] you [2:14:17] we [2:14:18] will [2:14:18] have [2:14:18] a [2:14:18] next [2:14:18] hearing [2:14:19] we [2:14:20] in [2:14:20] siguro [2:14:21] by [2:14:21] charge [2:14:23] naman [2:14:23] tayo [2:14:24] each [2:14:24] charge [2:14:24] hihimayin [2:14:25] natin [2:14:25] I want [2:14:26] you [2:14:26] to [2:14:26] come [2:14:26] full [2:14:26] force [2:14:27] pa [2:14:27] rin [2:14:27] kasi [2:14:28] kahit [2:14:28] isang [2:14:28] charge [2:14:28] nang [2:14:28] pinag-iusapan [2:14:29] natin [2:14:30] baka [2:14:30] mamaya [2:14:31] yung [2:14:31] sinusupport [2:14:32] yung [2:14:32] issue [2:14:33] kayo [2:14:33] naman [2:14:33] ang [2:14:33] tinamaan [2:14:34] so [2:14:35] I [2:14:37] request [2:14:39] for your [2:14:39] indulgence [2:14:40] na [2:14:40] mahimayin [2:14:41] natin [2:14:41] ito [2:14:42] nang [2:14:42] makahanap [2:14:43] tayo [2:14:43] ng [2:14:43] solusyon [2:14:44] sa [2:14:44] lalong [2:14:44] madaling [2:14:44] paraan [2:14:45] ayaw [2:14:45] natin [2:14:46] na [2:14:46] makabalita [2:14:47] pa [2:14:47] tayo [2:14:47] at [2:14:47] mangyayari [2:14:48] pa yun [2:14:48] at [2:14:49] napakalungkot [2:14:49] na [2:14:50] mga [2:14:50] mamamatay [2:14:51] dahil [2:14:52] sa [2:14:52] nagka [2:14:52] brown [2:14:53] out [2:14:53] dahil [2:14:54] sa [2:14:54] walang [2:14:55] kuryente [2:14:56] o [2:14:56] dahil [2:14:56] sa [2:14:57] hindi [2:14:57] nakabagbayad [2:14:58] ng [2:14:58] kanyang [2:14:58] electricity [2:15:00] bill [2:15:00] tapos [2:15:01] yung [2:15:01] essential [2:15:01] na [2:15:02] services [2:15:02] na [2:15:02] dapat [2:15:03] makarating [2:15:03] sa [2:15:03] kanya [2:15:03] eh [2:15:04] hindi [2:15:04] nakarating [2:15:05] ayaw [2:15:06] natin [2:15:06] makarinig [2:15:07] yun [2:15:07] so [2:15:07] we [2:15:08] really [2:15:08] just [2:15:08] have [2:15:08] to [2:15:09] work [2:15:09] hard [2:15:09] to [2:15:09] find [2:15:10] the [2:15:10] solutions [2:15:10] to [2:15:11] all [2:15:11] of [2:15:11] this [2:15:11] I [2:15:15] think [2:15:15] thank you [2:15:23] for [2:15:23] everyone's [2:15:24] kind [2:15:24] indulgence [2:15:25] for [2:15:25] the [2:15:25] time [2:15:26] and [2:15:26] I [2:15:27] hereby [2:15:27] suspend [2:15:28] this [2:15:28] hearing [2:15:29] until [2:15:29] the [2:15:29] next [2:15:29] one [2:15:29] thank [2:15:30] you [2:15:30] so [2:15:30] much

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