About this transcript: This is a full AI-generated transcript of Senate holds hearing on exempting electricity sales from value-added tax — May 18 from INQUIRER.net, published May 18, 2026. The transcript contains 16,640 words with timestamps and was generated using Whisper AI.
"The situation highlights a difficult reality faced by Filipino consumers. Many are paying increasingly high electricity rates while simultaneously experiencing concerns over the reliability and stability of power supply. For many Filipinos, electricity is no longer simply a utility essential to..."
[0:00] The situation highlights a difficult reality faced by Filipino consumers.
[0:05] Many are paying increasingly high electricity rates while simultaneously experiencing concerns over the reliability and stability of power supply.
[0:16] For many Filipinos, electricity is no longer simply a utility essential to education, livelihood, health, communication, daily survival.
[0:25] Lagi kong ina-example ang buhay ng isang nanay na ang gusto lang naman niya, pag-ising niya, magawa niya lahat ng kailangan niyang gawin para ma-prepare niya yung day-to-day life ng pamilya niya.
[0:37] Papasok yung mga bata, either siya pa nga yung nanay mismo, papasok din.
[0:43] Minsan naman si nanay ay homemaker, si tatay ang papasok, minsan baliktad, iba-iba na ngayon.
[0:48] The point is, pagka na walang pa ng kuryente, hindi pa nila magawa ng maayos yung kailangan nilang gawin to prepare for the day.
[0:54] And that is major.
[0:56] Those of us who live in Metro Manila, and I've lived in Metro Manila all my life, pero madalas akong bumiyahe sa probinsya,
[1:04] sobra akong na-shock, and this is years ago, not recently, sobra akong na-shock when I saw firsthand yung rotational brownouts in the province.
[1:13] I couldn't imagine how they could even survive, how small businesses, how families na gusto lang ipaganda yung buhay nila,
[1:21] nag-negosyo ng konti, malilit lang ka na ng mga negosyo.
[1:25] Hindi sila makapag-negosyo ng maayos kasi four hours a day ang brownout.
[1:29] Can you imagine that?
[1:31] And this has been going on for years.
[1:33] Hindi lang ito ngayon, hindi lang sa administration na ito, dati pa.
[1:36] Ngayon, my brother, the Senate President, sent me this last night kasi alam niyang may hearing ako.
[1:42] So, gusto niyang dumaan, I'm not sure kung makakadaan siya, pero he wanted to be sure na ipakita ko ito.
[1:51] Flash ko na lang mamaya, pero hindi ko lang naibigay ka agad sa staff ko kasi Sunday yun.
[1:57] Ito ang napakalungkot.
[1:58] So, kinuwento ko nga, ang hirap ng buhay ng average family na mawawala ng kuryente,
[2:03] hindi ka makagalaw dun sa pang-araw-araw na kailangan mong gawin para makapag-ready for the day.
[2:10] But this is the saddest news of all.
[2:15] Father, 80 years old, dies after failing to nebulize during power outage.
[2:21] I see you, Sekalia, nodding her head so you heard of it, no?
[2:25] It's so sad.
[2:28] Yung tatay mo, yung lolo mo namatay kasi pwede naman inebulize.
[2:32] First of all, as a longtime chairman of the Committee on Health, not every household has a nebulizer.
[2:38] Okay? So, kahit may asthma ka dun sa ibang mahirap na pamilya, they don't have it, pupunta pa sila sa health center.
[2:45] Hindi ka na nga makahinga, pupunta ka pa sa health center kasi ka not afford a nebulizer.
[2:49] But that nebulizer alone will already save their life kasi nga, lumuluwag yung passage mo dito na nagsisikip kung nag-aasma attack ka.
[2:56] So, ito, an 80-year-old father in Laguna died after failing to undergo nebulization during a rotational brownout.
[3:05] Hindi ka naman kailangan mong matay sa asthma, di ba?
[3:10] Pero dahil sa brownout na matay.
[3:12] So, that is, suddenly this brownout becomes life-threatening.
[3:18] And can you imagine dun sa mga health center natin, siguro lahat ng malalaking ospital, may mga generator.
[3:25] Pero paano yung mga health center natin?
[3:28] Kung walang, tapos yung health center, nandiyan naman yung mga nebulizer.
[3:32] Hindi naman kailangan pumunta sa ospital para lang magpa-nebulize.
[3:36] Eh, what more pa kung may mga minor procedures na kailangan gawin?
[3:43] So, that is the situation we have.
[3:45] And it's not acceptable.
[3:47] So, kailangan natin trabahuhin ng maayos to.
[3:50] So, ang resource persons natin, iba-iba expertise natin.
[4:00] And we have those from the government panel who will speak.
[4:03] And then we have those from the private sector who will all speak.
[4:05] But then all of us have our own experience from our individual capacity.
[4:09] So, I'm here sharing the meeting.
[4:11] Ako po yung makikinig.
[4:12] That is my job.
[4:13] Makinig.
[4:13] And then to consolidate all of these concerns, solutions.
[4:18] But in the end, I never separate the reality that I bring to this hearing my personal experiences as a mother, as a woman.
[4:29] And kaya dun parati yung aking point of view.
[4:33] If there are others here, my other colleagues na from a male point of view, let's say from our DSWD, you can share from the perspective ng isang farmer, from a fisherman.
[4:44] Then that's why we're all here.
[4:46] To share the perspective, the realities that we see.
[4:49] Now, this is what I see will be a bit, this is what our challenge will be.
[4:55] Unahan ko na.
[4:56] And then I will end my discussion and give the floor to the resource persons.
[5:02] One of the big clamor is yung systems losses na babayaran pa, may tax pang binabayaran sa systems losses.
[5:14] So, dun sa mga hindi pa familiar sa term na yun, pag generate ng kuryente, pag distribute niyan sa mga households, merong nawawala.
[5:24] Kung baga sa tubig, dun sa mga pipeline mo, may tulo.
[5:28] Diba? May lumalabas o hindi nakakarating.
[5:31] Kung nagproduce ng 100, ang makakarating sa household na 100 households, ang nakarating lang is 0.5 or 0.8.
[5:41] O di may nawalang 20% nun.
[5:43] Ganun yun.
[5:44] Kaya lang, bakit daw?
[5:45] Nawala na nga, hindi nakarating sa kanil nagbabayad ng VAT.
[5:47] So, the solutions, I don't think may isang kahit sinong tao dito na sabihin na di na nga nakarating sa'yo, kailangan bayaran mo.
[5:54] I don't think even the government representatives when they take the floor will say, di, dapat bayaran yun.
[6:02] But the reality is, kaya binabayaran yun and please correct me if I'm wrong.
[6:07] I'll just go straight to the point.
[6:10] Our law is written such that sa VAT, once na ikaw ang nagproduce nun, ikaw ang naglabas nun, ikaw magbabayad ng VAT nun.
[6:16] Tama ba, Yusek, Carlo, I mean, in general.
[6:20] So, like, nag-import ka, paglabas nun, may VAT yun, di ba?
[6:23] Kapag nasa resibo ko.
[6:25] Oo.
[6:25] Tapos nun, pag din nila yun sa isang factory, yung, ano tawag dito, yung, not ingredients, parts or the raw materials,
[6:36] tapos nag-create yung factory ng another product, yung dinagdag nilang value, kaya nga tawag na value-added tax, yun ang magkaka-tax, di ba?
[6:44] So, by the time na dumating sa consumer yun, yung pinagdaan ng proseso nun, may value-added tax.
[6:50] So, obviously, pagdating nung product mo, tapos faulty or it's not as you expected, may sabit yung paggamit yung functionality ng product na yun,
[7:04] anong gagawin mo?
[7:05] Di malamang i-reklama at babalik mo, di ba?
[7:07] So, pwede maibalik ng buo.
[7:08] But how do you do that with electricity?
[7:11] Hindi mo naman ibalik ng buo yun.
[7:13] Gagamitin mo yun eh.
[7:14] Pero pinapabayad sa'yo yung parte that you never receive.
[7:19] That is our problem.
[7:21] So, if we have experts here who can tell us, and I don't know if the government has, let's find solutions.
[7:28] Kasi binabayaran eh, pero di naman natanggap.
[7:31] Pero paano tatanggalin sa proseso yun?
[7:33] Di bali na kung parang pagkain yan, ay 20% nang na-deliver mo, hindi ko nagamit.
[7:39] E di sige, bawasan natin yung 20%.
[7:41] Di ba, kanyari, nagpakiilo ka ng kamatis.
[7:43] Ay, teka muna, may tatlo dito, bulok eh, di tinanggal mo.
[7:46] O di ba, yung muna lang yung hindi bulok?
[7:48] Simple, di ba?
[7:50] Pero, let's say cellphone, tapos ay, parang hindi ko mapindot ng maayos,
[7:55] bilin ko na lang sa'yo, discounted.
[7:56] Pwede, pwede mo rin naman ibalik ng buo yun.
[7:58] How do you do that with electricity?
[8:00] So, I'm trying to simplify this problem.
[8:02] Kasi even me as a lawyer, I'm very open to the suggestions,
[8:08] pero hindi ko talaga din alam kung paano hihimayin yung issue na yun.
[8:12] So, that is what we're here for.
[8:14] Okay, let me acknowledge the presence of Senator Marcoleta.
[8:18] Sir, you can give a short opening remark, and then we will go to our resource person
[8:22] because we also have a caucus, so we will only be able to stay till around 2,
[8:29] maybe 2.15, maximum 2.30, but I have to determine if I need to suspend
[8:36] because of the caucus that we have.
[8:39] So, sir, you have the floor.
[8:41] Thank you, Madam Chair.
[8:42] Not an opening statement, but I think an amplification of what you just said on systems loss.
[8:49] Sa akin pong pagkakaintindi rin, yung system loss, kahit na dalawang klase pa yun,
[8:56] yung technical and non-technical, to me, they should be considered as legitimate business risk.
[9:05] Hindi kailanman pwedeng i-justify yun.
[9:09] Simply because, ang mga players po sa energy sector,
[9:15] mapa-distribution, mapa-transmission or generation,
[9:21] Madam Chair, they all decided to go into this venture knowing all the risks involved.
[9:28] And one of those risks are the technical and non-technical aspects of system loss.
[9:34] Bakit ipapasa nyo sa tao yun considering that alam ninyo lahat,
[9:40] noong nagpasyakayo na gumawa, magbenta ng kuryente,
[9:45] ang mga stockholders were all knowledgeable na meron po tayong risk dito,
[9:52] meron pong nawawala.
[9:53] Kumbaga sa tubig, kaya nang sinabi ng ating shareperson,
[9:58] yung tinatawag na non-water revenue.
[10:02] Kasi may tumutulo talaga yan.
[10:04] Bakit po nyo ipababayad sa tao yun?
[10:06] That cannot be justified.
[10:08] That's number one.
[10:09] Number two, sinabi po ng Korte Suprema in one of the landmark cases,
[10:14] any expense that the distribution utility in producing and distributing energy
[10:22] will still not inure to the benefit of the consumers is unjustified.
[10:27] So paano po natin kukontrahin yun? Tama naman yun eh.
[10:32] I think these are the two major factors or major legal basis why the system loss ay kaya na kailangan na nating tanggalin na binabayaran po ng mga consumers.
[10:49] Unless anybody here is in a position to contradict those positions.
[10:56] Doubted by the chairperson and rendered unjustified by this representation.
[11:05] Kung meron pong gustong kumontra, kumontra na po kayo ngayon.
[11:08] Thank you, Madam Chair.
[11:14] Thank you, Senator Marcoleta.
[11:16] Would the Senate President like to make a statement?
[11:19] I was already able to share what you sent me last night about the 80-year-old father who died
[11:25] because there was no electricity to allow him to use the nebulizer.
[11:31] Magandang tangali, Madam Chair.
[11:33] Senator Marcoleta, I thank both of you and everyone in the room for your work on having more reliable,
[11:40] efficient supply of electricity or power and also lowering the price.
[11:48] As you know, there's major developments even before the Iran-Israel-US war wherein the World Bank was convinced
[12:01] to start lending for nuclear, which they haven't done in a long time because of the fear that China
[12:12] will be leaps and bounds ahead of the Western world when it comes to AI because AI requires so much power.
[12:23] And even before that, we have had problems with grids, with islands, with the energy mix and everything.
[12:30] So the only statement I want to make, Madam Chair, is two.
[12:34] Number one, hindi totoo na may delays under our administration.
[12:40] In fact, even after the shooting incident and attack against the Senate noong Wednesday,
[12:47] may buy come ng Thursday on the voucher system sa House of Representatives,
[12:52] and I actually confirmed my attendance, pero sila ang nag-postpone nun.
[12:58] Yung pagpunta ng farmers dito, sila din ang nag-postpone.
[13:03] So I thank you for pushing through with this hearing.
[13:06] The second thing I want to mention is that, as you all know, the chairperson is my sister.
[13:13] So we share the same culture and language coming from one family.
[13:18] And we all know, pagka-crisis, iba yung kilos.
[13:21] So kung may exam bukas, kailangan mo mag-cram.
[13:26] Kung bukas ang bayaran ng kuryente at hindi mo pahawak ang pera, kailangan mong gawa ng paraan.
[13:32] So given the present crisis, it's actually an opportunity.
[13:37] Because things that we wouldn't have think of, whether it's the loans for new power plants,
[13:42] whether it's joint exploration, or whether it's Philippine-side lang na exploration of oil and gas,
[13:50] whether it's the bills of Senator Marcoleta regarding the lifeline rates, etc.
[13:56] Yung mga to, hindi natin iisipin kung hindi crisis eh, di ba?
[14:00] I'll give you an example sa Indie Power.
[14:01] Sa K-12, nagdagdag tayo ng 2 years, pero sa findings mismo ng EDCOM,
[14:08] wala pang equivalent ng 8 years ang pagpasok ng mga bata.
[14:12] Okay? So kung nung K-10 tayo, kindergarten plus 10 years.
[14:17] Nakaka-10 years sila plus kindergarten.
[14:19] Nung nag-K-12, bumaliktad.
[14:22] Ang equivalent lang is 7 point something, less than 8 years.
[14:26] So this crisis give us an opportunity na tanggalin ba natin isa o dalawang grade sa senior high school?
[14:31] Ganon din sa agriculture. Of course, we're doing a lot, di ba?
[14:35] Ba't hindi kumikita yung farmers eh?
[14:38] Of course, we're giving subsidy sa logistic, pero nabubulok yung pagkain na walang nangyayari, no?
[14:43] So I'd just like to encourage the room to really, I know gas-gas na yung think out of the box, di ba?
[14:49] Pero kapag ka may crisis, pati yung box mawawala pag hindi tayo kumilos ng doble-triple, no?
[14:56] So I know it's not a one-day session, one-day, one-hearing, finding solutions.
[15:04] But I really hope that it's not the statistics eh, di ba?
[15:08] I sent that to my sister because numbers remain to be a statistic until you have a human face, di ba?
[15:16] So nung Tinex na hindi nakapag-nebulize dahil walang kuryente na matay,
[15:21] I hope we put a human face to our power sa energy, no?
[15:25] And I'm not going to blame anyone in the room, no?
[15:27] Not the DOE, not the natural grid, not ourselves.
[15:31] I'm just saying crisis, let's find a way to get something done.
[15:34] Thank you, Madam Chair.
[15:36] Thank you, Senate President.
[15:38] So just very briefly, my reminders for those who are new,
[15:41] we're practicing sustainability in the entire Senate.
[15:43] You have glasses.
[15:44] Feel free to refill your glasses.
[15:48] Ayaw natin ng pep bottles dito.
[15:52] Also, we're minimizing the use of paper.
[15:54] So yung position papers nyo, we always welcome na digital ang submission nyo.
[15:59] Of course, kung may senator na gusto ng printed, we print naman for them.
[16:03] And then smoking, sitting is the new smoking.
[16:06] So you're always welcome to stand up, stretch your legs, hindi nyo kailangan magpaalam.
[16:10] I will always give the names of the resource persons who are next.
[16:13] So if you have to go to the bathroom, you don't need to ask for my permission.
[16:16] Okay, we're adults here.
[16:17] I will treat you professionally.
[16:19] And I want you to be mindful of your health also.
[16:23] So bathroom break, drink healthy water.
[16:26] I hope healthy yung pagkain na sinerve sa inyo.
[16:28] Hindi na yan pinaklear sa akin.
[16:30] Pero hopefully.
[16:31] Anyway, okay.
[16:32] So I think we're ready to start.
[16:34] I will give you all the order of our presentation by the resource persons.
[16:39] The first will be DOE, followed by ERC, and then followed by the Department of Finance.
[16:45] Okay?
[16:45] So let us now start with...
[16:47] And by the way, I think you were given your timelines.
[16:50] They are short.
[16:51] The reason being, this is an overview.
[16:53] And I want everyone to have the chance to speak because you came all the way here.
[16:57] And then hihimayin po natin yung inyong mga statements in the following hearings or TWGs.
[17:04] And we will always have small group meetings naman po with all of you.
[17:08] So bear with us so that everybody can speak.
[17:11] Also, as much as possible, those who are here representing their principals, mga from the Senators' offices,
[17:17] kasi pakisabihan nyo naman yung mga Senators who you work with that ang susundin natin is we let the resource persons finish speaking first.
[17:30] Since dalawa lang kami ni Sen. Marcoleta, my rule always is, kung dalawa lang, pwede naman mag-quick question.
[17:36] But I don't open the floor because hindi matatapos, hindi magbibigyan ng time.
[17:39] Lahat ng nag-aba lang pumunta dito at magbigay ng ora sa atin.
[17:43] Okay, that's it for all my reminders.
[17:46] DOE, USEC, Mario Maracigan, you have the floor.
[17:50] Thank you very much, Madam Chair, and good morning to all.
[17:53] The Department of Energy has submitted its position paper regarding the Senate bill on the system loss application of the BAT.
[18:07] And if I may read, Madam Chair.
[18:09] Yes.
[18:11] Dear Senator Cayetano, this refers to the April 6, 2020, request of the committee seeking the comments of the department on the above-mentioned bill.
[18:20] The department recognizes the necessity of the bill in granting the importance of providing clear parameters, measures, and criteria as prescribed therein.
[18:31] We posit that the system loss represents electricity that is generated but not delivered and not consumed by electricity end-users.
[18:41] It is an inherent technical and operational characteristics of electricity transmission and distribution systems and should not be treated as a separate taxable transaction.
[18:53] Rather than being treated as a component of the sale of electricity, it is more appropriate, characterized as a regulatory cost adjustment arising from technical inefficiencies, operational constraints, or non-technical losses such as filferage.
[19:09] Imposing value-added tax on the system losses is inconsistent with the basic principle under Section 108 of the National Internal Revenue Code that value-added tax should apply to the actual sale of consumption of goods and services and therefore raises concern as to the fairness and equity of the electricity charges.
[19:32] From a consumer standpoint, this translates to higher electricity rate without the corresponding benefit in service, thereby increasing the effective cost per kilowatt hour and carrying the system loss itself.
[19:46] Imposing value-added tax on top of these losses further undermines the intent of the regulatory framework, which is to balance operational realities with consumer protection and instead leads to form a double imposition on amounts that do not reflect actual surveys received.
[20:05] In view of the foregoing, we recommend further review and the appropriate tax treatment of system loss along with other relevant agencies.
[20:16] With fiscal considerations are duly recognized, this must be balanced with the overarching objective of ensuring affordable and reasonable electricity rates for consumers.
[20:28] We have also attached technical data requested and this was provided with an online link.
[20:34] Lastly, we express our support in the passage of the said bill, while also ensuring its consistency with the department's mandate and other existing and applicable fiscal, power, and energy-related laws, rules, regulations, and insuances,
[20:52] and give due deferens to the committee in choosing a specific provision or language in the bill.
[20:58] Should you have any concerns, should you have any concerns, Madam Chair, we have provided the contact person and the contact numbers as well as the email addresses.
[21:09] This is the department's position, Madam Chair, Honorable Senator Marcoleta.
[21:16] So thank you very much.
[21:28] Thank you for that.
[21:29] Let me clarify, I was discussing with my staff, medyo malawak talaga yung topic natin today.
[21:36] If you can see, I won't read it into the record, 14 bills yung kinu-cover natin.
[21:41] And I just want to emphasize, and my staff has informed me that they informed everyone,
[21:46] that the focus talaga, and USEC naman mentioned one of the main components,
[21:51] is dissecting the electricity bill para maintindihan ng tao kung bakit nga tumaas.
[21:58] Kasi nga yung topic natin is yung pag-akyat nung the surge in the electricity bill.
[22:04] So yung na-focus nyo, USEC Mario, is one of the components, yung systems losses na bakit sila ang nagbabayad.
[22:11] But to be clear, as those here probably already know,
[22:18] So basahin ko na lang ito, 64% of the bill is the generation charge,
[22:23] 12% is the distribution charge.
[22:25] So ito yung, kumbaga sa Meralco, siya yung distributor at yung ibang mga nagsusupply ng kuryente
[22:31] dun sa mga ibang lugar, yan yun, 12% charge nila yun,
[22:35] 11% is other charges, 8% is transmission charge,
[22:39] and 5% is systems loss.
[22:43] Pero dun sa other charges, banggiting ko lang,
[22:46] ito, dito po pumapasok yung government mandated and pass-through.
[22:52] Ito yung VAT and energy tax, real property tax and local franchise,
[22:57] and then the subsidies, the lifeline subsidy, the senior citizen subsidy,
[23:02] and then the renewable energy allowances,
[23:04] the feed-in tariff and the green energy auction.
[23:08] Binabasa ko pa lang, napapagod na ako.
[23:10] Sa dami nung pinapasa natin, dami nung sinasalo ng consumer.
[23:14] So actually, USEC, lahat yun ay expected na magko-comment po kayo.
[23:20] Medyo mahirap kasi ang lawak talaga, no?
[23:22] So okay lang kung systems losses muna yung binanggit nyo,
[23:26] pero very crucial yung statement nyo kasi kayo po ang DOE.
[23:30] Well, si ERC naman, ang dami doon na sila ang nag-approve nung rates.
[23:34] And then I also want you to point out kung ano dun yung mandated by law
[23:38] at ano dun yung hindi mandated by law.
[23:40] So clear tayo yung mandated by law, kami, kami ang gagawa ng amendant nun.
[23:45] Pero kung hindi yun specifically mandated by law,
[23:48] kumbaga binigyan lang ng power ang isang agency to determine,
[23:52] then we can also tackle that.
[23:54] So medyo dun tayo para the other resource persons can also give their comment,
[23:57] nakakasabay sa discussion.
[23:59] So again, malawak yan.
[24:01] Hindi ko na nga natapos kasi napagod ako sa dami nung karga ng ating mga kababayan.
[24:04] Yan eh, universal charges, missionary electrification.
[24:09] Ito po ay nagpa-fund ng kuryente dun sa remote and off-grid communities.
[24:13] That's wonderful, right?
[24:14] Na yung off-grid, yung hindi nakakarating sa kanila yung mga transmission lines,
[24:19] tinutulungan natin.
[24:21] Pero sabi din ng mga kababayan natin,
[24:23] bakit kami? Bakit kami?
[24:24] Eh hirap na hirap na rin kami, tapos kami din ang nagbabayad.
[24:26] Yan.
[24:27] The good news is, marami nang nakarating na kuryente sa off-grid,
[24:30] lumaki naman yung burden, nakine-carry ng consumer.
[24:32] So those are the realities. We have to understand it.
[24:36] As a Christian, siyempre sabi natin, tulungan yung iba.
[24:39] Pero minsan, ang bigat na rin talaga sa kanila eh.
[24:41] Saan pumapasok ang gobyerno?
[24:43] Saan pumapasok yung private citizen na yung tulong niya?
[24:46] Kasama sa universal charges, environmental charge.
[24:50] Ito yung para sa rehabilitation ng watershed.
[24:52] And then, meron pang NPC stranded debts.
[24:56] So ang dami.
[24:58] Okay, so Yusek, kung yan lang ba muna ang focus nyo,
[25:01] yung sa systems loss, you don't, you did that prepare,
[25:04] you don't have anything else on the other,
[25:07] yung nasa electricity bill natin,
[25:09] do you have anything else to add?
[25:12] If I may, Madam Chair,
[25:14] where we look at all the bills,
[25:17] and we support the study of all the components
[25:20] of our electricity bills for review,
[25:22] and the energy is naganagang,
[25:27] to look for avenues on how we could lower the cost
[25:29] and make it affordable to our consumer.
[25:32] And we have actually listed some activities
[25:35] that we have already made
[25:37] irrelevant to those activities.
[25:39] Like, for example,
[25:40] in terms of ating lifeline rate,
[25:42] we are in coordination with ERC
[25:44] on how we could harmonize
[25:45] all the activities to further lower
[25:48] yung ating cost subsidy.
[25:50] We have also,
[25:52] we have read some documents
[25:55] that indicates
[25:56] what have we done
[25:58] in support of all those bills,
[26:00] because we are continuously reviewing
[26:02] all the provisions of the law,
[26:04] particularly IPIRA,
[26:06] and to include the other energy laws.
[26:08] Kasi nga po,
[26:09] ang position on the Department of Energy
[26:11] is we deliver the services,
[26:13] but it should be affordable
[26:14] to our consumers.
[26:15] So we will submit po additional papers.
[26:18] Thank you very much po,
[26:18] Madam Chair.
[26:20] Thank you for that.
[26:21] Tapos, reminder lang, no,
[26:22] ideally,
[26:23] huwag nyo na hong basahin yung mga letters,
[26:26] mga submissions nyo,
[26:27] kasi kami na hong magbabasa nun.
[26:29] I-highlight na lang, no?
[26:31] I-highlight na lang.
[26:32] Of course,
[26:32] kung may mga medyo technical dun
[26:33] that you have to read it,
[26:34] no problem.
[26:35] Maiksi naman yung binasa nyo,
[26:37] USEC,
[26:37] pero that's my general rule, no?
[26:39] So we can absorb it.
[26:41] Mas madali sa akin yung kwentuhan,
[26:42] katulad nung ginawa nyo.
[26:44] Okay, so let's go now to ERC,
[26:47] the Chairperson and CEO,
[26:49] Attorney Francis Juan.
[26:51] Sir, you have the floor.
[26:52] Thank you, Madam Chair,
[26:55] Honorable Marcoleta.
[26:56] We've submitted our presentation.
[26:59] In fact,
[26:59] we prepared two presentations.
[27:01] One on the different charges in the bill,
[27:04] and also our position on all the pending Senate bills.
[27:13] May I just be allowed to present on the system laws
[27:17] to save on time,
[27:19] and so I can devote the five minutes
[27:21] to correcting some misimpression
[27:25] as regards to system laws.
[27:27] Can we go to slide eight?
[27:29] Yung system laws po,
[27:34] hindi ito bayad
[27:35] para sa kuryenting hindi naman nagamit.
[27:39] Ito po ay bayad
[27:40] para dun sa gastos.
[27:43] Itong kuryente na ito,
[27:45] na-generate,
[27:46] dineliver through the transmission wire,
[27:49] at nakarating sa distribution utility,
[27:51] pero because of the technical
[27:55] and non-technical losses
[27:57] that are allowed under 7832
[28:00] to be recovered,
[28:02] sila ay hindi nakakasama
[28:04] doon sa kilowatt hours
[28:06] on which naiimpusan
[28:09] nung kaukolang generation
[28:14] and transmission charges.
[28:16] So, kalintunay po ito,
[28:18] halimbawa,
[28:20] nagne-negoso kayo,
[28:22] bumili kayo,
[28:23] nag-wholesale kayo,
[28:25] bumili kayo ng isang libong isda,
[28:28] bangus,
[28:29] isang banyerang bangus.
[28:31] Ang gastos nyo ay
[28:32] walong piso
[28:34] kada ulo ng bangus.
[28:36] Ang kabuoang gastos nyo
[28:37] ay otso pesos
[28:40] kada ulo ng bangus.
[28:42] Pero dito sa banyerang
[28:43] nakuha nyo,
[28:46] hindi naman lahat yan,
[28:47] hindi naman isang libong bangus
[28:49] ang may bebenta nyo.
[28:51] Kaya, halimbawa,
[28:53] limang porsyento nyan,
[28:54] ang hindi nyo talaga
[28:55] mabibenta
[28:56] dahil bilasana
[28:57] o sirana
[28:58] o maaring kinupit
[29:00] nung tindera nyo,
[29:01] ito pong
[29:02] kabuoang isang libo,
[29:05] halimbawa,
[29:05] may 5%
[29:06] na nawawala
[29:07] or na hindi nyo
[29:08] na ibebenta,
[29:09] 950 lang talaga
[29:11] ang kabuoang
[29:12] na inyong
[29:13] nabibenta.
[29:14] Kung
[29:15] kayo ang
[29:16] magbebenta nito
[29:17] at gusto nyo
[29:18] walik
[29:19] puhunan lang
[29:20] yung
[29:20] 8,000
[29:22] na inyong
[29:23] ginastos
[29:24] para doon sa
[29:24] isang libo
[29:25] na bangus na yan,
[29:27] magkano nyo
[29:28] ibebenta?
[29:29] Definitely,
[29:30] hindi 8
[29:30] yung original
[29:32] na per unit
[29:32] price.
[29:35] Isasama nyo
[29:36] dito yung
[29:36] spoilage,
[29:38] di ba?
[29:38] In manufacturing,
[29:39] kasama yan.
[29:40] Kaya,
[29:41] kung ang
[29:41] maybebenta nyo
[29:42] lang kandidad
[29:43] ay
[29:44] 950
[29:45] per unit
[29:48] cost nyan
[29:48] ay hindi 8
[29:49] but
[29:50] 842.
[29:52] Yung
[29:52] 0.42
[29:53] na yan,
[29:54] yan po
[29:54] ang sumasalo
[29:55] doon sa
[29:56] gastos
[29:56] ng system
[29:57] loss.
[29:57] Ngayon,
[29:59] bakit hindi na lang
[30:00] distribution utility
[30:01] ang sasagot
[30:03] nito?
[30:04] Ang distribution utility
[30:05] po,
[30:06] hindi yan
[30:06] ang negosyo.
[30:07] Ang kanya pong
[30:08] negosyo
[30:09] ay yung
[30:10] maghatid
[30:12] ng kuryente
[30:13] sa pamamagitan
[30:14] ng mga linya
[30:15] na ipinapatayo
[30:16] niya.
[30:17] Ngayon,
[30:18] kaninong negosyo
[30:19] ito?
[30:19] Sa generation
[30:20] company.
[30:21] Kaya nga,
[30:22] ang distribution utility
[30:23] pinapass
[30:24] through lang yan.
[30:26] So,
[30:26] doon po sa mga
[30:27] komento
[30:28] na dapat
[30:29] ay sagutin
[30:30] niya ng
[30:30] distribution utility,
[30:32] yes,
[30:32] merong portion
[30:33] niyan
[30:33] ang ipinasasagot
[30:35] ng batas
[30:35] sa distribution
[30:36] utility
[30:37] kasi
[30:38] lumampas na,
[30:40] lumabis na
[30:40] doon sa itinakdang
[30:42] system loss cap,
[30:43] yung gastos
[30:44] na na-incare
[30:44] niya
[30:45] for its
[30:45] actual
[30:46] system losses.
[30:48] So,
[30:48] yan po
[30:49] ang nature
[30:49] ng system
[30:50] loss
[30:50] kaya't
[30:51] mayroon tayong
[30:52] charge
[30:52] para mabawi
[30:53] yun
[30:53] yung gastos
[30:55] na yun.
[30:56] Ang bumabawi
[30:56] ang distribution
[30:57] utility
[30:58] pero
[30:58] ibinabaya
[30:59] din niya
[31:00] niyan
[31:00] sa generation
[31:00] company
[31:01] at sa
[31:01] transmission
[31:02] company
[31:03] kasi nga po
[31:04] ito ay
[31:04] pass-through
[31:05] charges.
[31:06] Yes po.
[31:11] Nakuha na natin
[31:12] ang ipig
[31:12] mo sabihin,
[31:13] kahit na
[31:13] simplistic
[31:13] yung
[31:14] example mo,
[31:15] susundan kita
[31:16] ron eh,
[31:17] ang example mo
[31:18] ay isang
[31:20] banyera
[31:20] ng bangus.
[31:22] Okay?
[31:23] So,
[31:24] dahil sa
[31:24] merong
[31:24] loss doon,
[31:26] maaring
[31:26] kinupit
[31:27] ng tindera
[31:28] o kaya
[31:29] biglang
[31:29] kahit na
[31:31] yung
[31:31] bangus
[31:32] ay
[31:33] hilado na
[31:35] pero
[31:36] lumundag
[31:36] pa rin.
[31:37] Palangay mo lang,
[31:38] ganun na
[31:39] nangyari.
[31:40] Ito yung mga
[31:40] factors na
[31:41] kaya
[31:42] kailangan
[31:43] makuha mo
[31:44] yung loss,
[31:45] yun na sinasabi mo.
[31:46] Okay?
[31:47] Sa mga
[31:47] tuwid,
[31:47] yung banyera
[31:48] ng bangus
[31:48] na yun,
[31:50] kasama ng
[31:51] loss na yun,
[31:51] binenta mo
[31:52] sa supermarket
[31:53] A
[31:53] dahil siya
[31:54] na yung
[31:55] magdidistribute.
[31:56] Tama?
[31:57] Yung generation,
[31:57] nasa yun eh,
[31:58] binenta mo
[31:59] sa supermarket
[32:00] A.
[32:01] Yung consumer
[32:02] ngayon,
[32:02] meron siyang
[32:03] opsyon,
[32:04] pupunta siya
[32:05] sa supermarket
[32:05] B
[32:06] o kaya
[32:06] C.
[32:09] Bakit
[32:09] kaya
[32:09] mas matas
[32:10] yung bangus
[32:10] dito sa
[32:11] supermarket
[32:15] medyo mura
[32:15] ng konti
[32:16] ng 150
[32:17] for example
[32:18] or 1 peso
[32:19] o kaya
[32:20] sa supermarket
[32:20] C,
[32:22] mas mura
[32:22] din.
[32:23] Doon siya
[32:23] bibili.
[32:25] Tama?
[32:28] Ito pong system.
[32:29] Sagot ka muna.
[32:30] Siyempre,
[32:30] may option
[32:31] yung consumer.
[32:32] Nung makita niya,
[32:34] dahil binenta mo
[32:34] rito sa supermarket
[32:35] A,
[32:36] ganitong price,
[32:37] meron siyang
[32:37] opsyon na mamili
[32:38] sa ibang supermarket.
[32:39] Tama?
[32:41] Kung ang pinag-usap
[32:42] at yun natin dito.
[32:43] Sumagot ka muna.
[32:43] Tama o hindi?
[32:45] Ba't tayo mo
[32:46] sumagot?
[32:47] Tayo po kasi
[32:48] as copy.
[32:48] Sasagot ka muna.
[32:51] Tinatanong lang,
[32:52] napaka-simple eh.
[32:54] Pumunta siya
[32:54] sa supermarket,
[32:56] eto yung presyo.
[32:59] Pumunta sa B
[33:00] and C,
[33:01] eto yung presyo.
[33:02] Makakapamili siya,
[33:03] diba?
[33:07] Madam Chia,
[33:08] ba't hindi siya
[33:08] makasagot?
[33:08] Opo,
[33:09] doon sa example niyo po.
[33:10] Okay.
[33:11] Kaya kita tinatanong
[33:12] ng ganun.
[33:13] Sa kuryente,
[33:14] hindi siya may makakapamili.
[33:16] Wala kami
[33:16] yung ibang pupuntahan.
[33:17] Isa lang
[33:18] ang supermarket.
[33:20] Tama o hindi?
[33:23] Opo.
[33:23] Sumagot ka.
[33:24] Iyon ang problema eh.
[33:27] Huwag din yung gagamitin
[33:28] yung ibang
[33:29] perishable commodities.
[33:31] Kumunta ka sa isang supermarket,
[33:33] meron daga na kumakain
[33:34] sa mga produkto.
[33:36] It's a loss.
[33:38] Merong mga
[33:39] nagnanakaw doon.
[33:40] Nangyayari yun
[33:41] everyday.
[33:42] It's a loss.
[33:43] Hindi lang mga
[33:44] outsiders.
[33:45] Mara yung sarili mong
[33:45] nagtatrabaho doon,
[33:47] nagbubulsa.
[33:50] So,
[33:50] loss lahat ito eh.
[33:52] Yung supermarket,
[33:53] yung loss na yun,
[33:54] hindi niya ipapataw
[33:55] doon sa pre-billing price
[33:58] ng kanilang produkto.
[33:59] Kasi,
[33:59] yung consumer has the option
[34:01] to go to other outlets.
[34:04] In the case of electricity,
[34:06] Madam Chair,
[34:07] wala silang option eh.
[34:09] This is our problem.
[34:10] Kaya pinipilit ko kanina,
[34:11] and I thank you very much,
[34:13] Attorney Juan,
[34:13] nung sinabi mo,
[34:15] yung system loss,
[34:17] as you said,
[34:18] is an inherent
[34:19] operational characteristic.
[34:23] Inherent talaga ito eh.
[34:24] Hindi mo mayaalis
[34:26] na mayroong mawawala,
[34:27] but this inherent
[34:28] operational loss
[34:30] is already admitted.
[34:33] It is known
[34:33] to all stakeholders
[34:34] bago kayo nagpasya
[34:36] na gumawa
[34:37] at mag-distribute
[34:38] ng kuryente.
[34:40] So,
[34:41] it is a legitimate
[34:42] business risk
[34:43] that every industry
[34:45] should recognize.
[34:47] Bakit naman,
[34:48] ba't naman
[34:49] ang energy sector lang
[34:50] hindi nagre-recognize
[34:51] ng risk?
[34:53] Lahat ng industries
[34:54] have risks.
[34:56] Maski insurance companies,
[34:57] who cover for risks.
[34:59] Meron din silang risk.
[35:01] Ito,
[35:02] ito yung,
[35:02] ito yung
[35:03] problema na
[35:05] madali naman
[35:06] nating intindihin.
[35:09] Madali naman
[35:09] nating gawa ng paraan.
[35:12] Eh di,
[35:12] amend natin yung
[35:13] Republic Act 7832.
[35:17] Ganun lang kasimple yun eh.
[35:18] Let's remove
[35:19] the system loss.
[35:21] As simple as that.
[35:23] Isang maliit na amendment
[35:24] lang ang gagamitin mo doon.
[35:27] And one thing more,
[35:28] Madam Chair,
[35:29] tignan mo na lang
[35:30] yung universal charge.
[35:31] Tama yung sinabi
[35:32] ng Chairperson.
[35:33] The universal charge
[35:35] nandun
[35:36] in order for us
[35:37] to bankroll
[35:39] certain areas
[35:41] na kailangan
[35:41] lahat silang ma-electrify.
[35:43] Lahat makakita
[35:44] ng liwanag.
[35:45] Tama naman yun.
[35:46] That's the objective
[35:47] of the government.
[35:48] Pero naglalaban sila
[35:50] ng feed-in tariff
[35:51] ng feed-in tariff
[35:52] and JAP.
[35:55] Kasi
[35:55] yung feed-in tariff
[35:58] is supposed to capitalize
[35:59] the government's program
[36:01] the government's program
[36:01] para sa ganun.
[36:03] Mas marami tayong
[36:04] renewables.
[36:05] Kung marami tayong
[36:07] renewables
[36:08] na gagamitin
[36:09] sa lahat ng lugar
[36:10] ng ating bansa,
[36:12] o di ba
[36:13] baba ba yung universal
[36:14] charge?
[36:14] Kasi
[36:14] hindi naman
[36:16] at some point in time
[36:18] yung universal charge
[36:20] bumaba ba
[36:22] hanggang sa
[36:22] eventually
[36:23] mawala na
[36:24] if we succeed
[36:25] on the renewables.
[36:27] Ang problema,
[36:28] o sinasabi lang natin,
[36:29] by 2030,
[36:32] ganyan eh,
[36:34] puro tayo,
[36:35] puro forma.
[36:36] By 2030,
[36:38] parang 40%
[36:41] yata Madam Chair,
[36:42] renewable na tayong lahat.
[36:45] By 2040,
[36:47] 50%
[36:48] ang renewable.
[36:50] O Diyos ko,
[36:53] ay hindi naman tayo
[36:54] papunta dun eh.
[36:57] So,
[36:57] magano tayo,
[36:58] ito yung problema.
[36:59] Sabi ko nga po,
[37:00] ulitin ko,
[37:01] Madam Chair,
[37:02] Korte Suprema na po
[37:03] nagsabi,
[37:05] any expense
[37:06] incurred by the
[37:07] distribution utility
[37:08] which did not
[37:10] inure to the
[37:11] benefit of the
[37:12] consumers
[37:13] is unjustified
[37:14] and inequitable.
[37:17] Which part of
[37:17] that sentence
[37:18] is not understood
[37:20] to everyone?
[37:23] Madam Chair,
[37:25] kaya nang nasabi ko,
[37:26] yung distribution utility
[37:27] ay hindi engaged
[37:28] sa pagnenegosyo
[37:29] ng pag-generate
[37:30] ng kuryente.
[37:31] Tama po,
[37:31] kaya nga nga
[37:32] dapat isigilin.
[37:33] Anggalin na lang
[37:34] namin,
[37:35] kaya hindi siya
[37:36] sinigilin ng
[37:37] miral ko.
[37:38] Kasi kung wala
[37:39] lang siya,
[37:39] hindi na
[37:40] nare-recognize,
[37:41] hindi naman
[37:41] hiningilang miral ko.
[37:42] We're not
[37:43] blaming anybody
[37:44] here.
[37:44] Ang pinag-uusapan,
[37:45] saan ang gagaling
[37:46] your system law?
[37:48] Sa generation lang naman,
[37:49] at sa transmission.
[37:50] If you do not
[37:51] recognize that,
[37:52] walang kukuliktahin
[37:53] ng miral ko.
[37:54] Problem solved.
[37:57] Thank you po,
[37:57] Madam Chair.
[37:59] Yes.
[38:00] There,
[38:01] I thought you left
[38:02] when you said hi to me.
[38:03] I was listening.
[38:04] I recognize
[38:05] Senator Lauren
[38:05] Rigarda.
[38:06] Yes,
[38:06] you may take the floor.
[38:07] Thank you,
[38:07] and I'm grateful
[38:08] to the Chair
[38:09] for having
[38:09] so much
[38:10] in the agenda,
[38:11] including my two
[38:13] very important measures,
[38:15] which is clarifying
[38:16] the value-added
[38:17] tax treatment
[38:18] of socialized
[38:20] electricity subsidies.
[38:21] And since our
[38:22] expert in energy
[38:24] is right beside us,
[38:25] along with the Chair,
[38:27] I would like to be
[38:28] clarified,
[38:29] Madam Chair,
[38:30] any competent
[38:31] authority,
[38:32] whether it's the NGOs,
[38:33] the private sector,
[38:34] or government,
[38:35] simple and tanong po,
[38:39] yung hindi nagagamit
[38:40] na kuryente,
[38:42] bakit natin
[38:43] binubuwisan,
[38:46] Madam Chair?
[38:47] Sa aking alam po,
[38:49] may 12%
[38:50] na pinapataw
[38:52] na value-added
[38:53] tax
[38:54] VAT
[38:55] sa systems laws.
[38:57] Narinig ko pong
[38:58] ERC na sinabi,
[38:59] ito'y hindi ginagamit,
[39:01] kumbaga sa isda,
[39:02] nabilasa,
[39:03] wala po.
[39:04] Bakit po
[39:05] binubuwisan
[39:06] ng 12%
[39:08] ang hindi nagagamit
[39:09] na kuryente?
[39:11] Pangalawang tanong,
[39:12] kung ano man ang sagot po nyo,
[39:13] ay dapat,
[39:15] sumasangayon ba kayong
[39:16] tanggalin ang VAT
[39:17] kaagad dyan?
[39:18] Huwag nang batas.
[39:20] Sa implementation lang yan
[39:21] ng ating mga batasan
[39:23] nandiyan na,
[39:24] kumbaga,
[39:25] kung nakasaad yan sa EPIRA.
[39:27] At dapat,
[39:28] ang BIR
[39:28] makipag-ugnayan
[39:30] sa ERC
[39:32] para ito'y
[39:33] mapatupad.
[39:34] Kung sangayon po kayo.
[39:36] Kung mali po ako,
[39:37] then please correct me.
[39:38] Kayo po ang mga experts.
[39:39] Thank you, Madam Chair.
[39:40] Thank you.
[39:41] With the permission
[39:42] of Senator Legarda,
[39:44] can I give the floor back
[39:45] to Attorney Juan
[39:46] who's in the middle
[39:47] of his presentation?
[39:48] Yes.
[39:49] And since he was raising his hand,
[39:51] I assume he's going
[39:51] to touch on it.
[39:52] Sorry,
[39:53] let me finish before you,
[39:55] let's have an orderly discussion.
[39:57] These are very good points,
[39:58] but I want you to continue
[40:00] with your presentation.
[40:02] You may answer,
[40:03] but I do want us
[40:05] to get to DOF
[40:06] that who I think
[40:07] is also the right person
[40:08] to answer your question.
[40:09] So after his presentation,
[40:11] which I believe
[40:11] will touch on your question,
[40:13] then we will go
[40:14] to the DOF.
[40:15] Again,
[40:16] para lang mabigyan ko
[40:16] ng time,
[40:17] lahat ng nandito
[40:18] na makapagsalita din.
[40:19] Oo.
[40:20] Okay.
[40:20] Para lang,
[40:21] just a one sentence answer.
[40:25] Tama ba ko
[40:25] or hindi kasi ako eksperto
[40:27] ay mali ako?
[40:28] Ganun lang po.
[40:28] Go ahead.
[40:29] Sangayon ba kayo?
[40:31] Or ni Juan?
[40:32] Yes po.
[40:33] Kaya po siya nasasama
[40:34] doon sa nabuwisan ng VAT
[40:36] dahil sa side
[40:39] ng generation company
[40:41] na nag-generate nun,
[40:42] kasama yun
[40:43] doon sa kanyang sales
[40:44] at pumapasok yun
[40:46] sa kanyang gross receipts.
[40:47] Kasi pag lumabas
[40:48] at na-deliver niya
[40:49] yung kuryente
[40:50] sa distribution utility,
[40:53] kasama na yun
[40:54] sa kanyang kita.
[40:56] Kaya ito lang
[40:58] VAT on system loss
[41:00] dahil nga
[41:01] inhiwalay natin
[41:02] yung cost na yan
[41:03] from the total
[41:04] generation charge,
[41:06] inilagay natin
[41:07] a system loss charge
[41:09] yung VAT
[41:10] ay separately
[41:11] na i-impose dyan.
[41:13] But,
[41:13] doon nga sa aming position
[41:15] as we have
[41:16] communicated
[41:17] to the committee,
[41:19] we support
[41:19] we support
[41:21] all proposals,
[41:23] proposed measures
[41:24] para mapababa
[41:26] yung electricity rate.
[41:27] At kasama dito
[41:28] is redefining
[41:30] what should be
[41:31] the base
[41:32] for the VAT
[41:34] on electricity.
[41:36] At kung
[41:37] ma-i-exclude
[41:40] natin
[41:40] yung cost
[41:42] associated
[41:42] with system loss
[41:44] from the gross receipts
[41:46] ng ating
[41:47] mga generation companies,
[41:49] transmission,
[41:50] and distribution,
[41:52] malaking kabawasan
[41:53] na din po yan
[41:53] dahil around
[41:54] 5%
[41:56] 5-10%
[41:58] yung system loss
[42:00] na pinapataw.
[42:01] So,
[42:01] that will be a reduction
[42:02] to that.
[42:03] I will
[42:04] make an illustration
[42:06] so that our
[42:07] government panel here
[42:09] can explain
[42:09] also to people
[42:10] kasi kahit ako
[42:11] gusto ko
[42:11] na mas maliwanag.
[42:12] And this also
[42:13] is consistent
[42:13] with Senator
[42:14] Lawrence's question.
[42:15] So,
[42:16] pag-generate
[42:18] nung electricity
[42:19] and that's
[42:20] X amount,
[42:21] sabi mo
[42:22] ng 100
[42:22] at yun
[42:25] e,
[42:26] may VAT yun.
[42:27] So,
[42:27] paglabas nun
[42:27] yung value
[42:28] na 100
[42:29] magiging
[42:29] 112,
[42:30] di ba?
[42:31] At what point
[42:32] nagkakaloss?
[42:33] Kasi nga,
[42:33] pag-generate nun,
[42:34] may VAT na yun
[42:35] paglabas e.
[42:36] At what point
[42:37] na de-determine
[42:38] yung loss?
[42:38] Such that,
[42:40] where do you
[42:40] pinpoint na
[42:41] exclude natin
[42:42] yung loss?
[42:43] Dun yata
[42:43] may mga
[42:44] complications
[42:45] in the
[42:46] implementation
[42:46] of what
[42:47] appears to be
[42:48] so far
[42:49] the
[42:50] two
[42:53] government
[42:54] agencies
[42:55] that have
[42:55] spoken
[42:56] are in
[42:56] full support.
[42:58] But somebody
[42:58] has to
[42:59] explain to us
[43:01] kung paano
[43:01] nyo tatanggalin
[43:02] yun doon.
[43:03] Kasi pag-generate
[43:04] nun,
[43:04] the moment
[43:05] it is
[43:05] generated,
[43:06] may nawala
[43:07] na ba
[43:07] dun?
[43:08] Wala pa,
[43:08] di ba?
[43:09] And
[43:09] nakakalculate
[43:10] ba?
[43:11] I mean,
[43:12] alam ba
[43:12] natin
[43:12] every time
[43:13] that the
[43:14] electricity
[43:14] is generated
[43:15] how much
[43:16] ang percentage
[43:17] ng loss
[43:18] dun,
[43:18] yan ba
[43:18] etansyahan
[43:19] or it's
[43:20] a very
[43:20] specific
[43:21] measure.
[43:22] So,
[43:22] all of
[43:22] these things
[43:23] have to
[43:23] be answered.
[43:23] I don't
[43:23] want a
[43:24] specific
[43:24] answer
[43:24] now,
[43:25] but
[43:25] at some
[43:26] point
[43:27] when we,
[43:28] kasi
[43:28] ang hirap
[43:29] din naman
[43:29] sa mga
[43:29] kababayan
[43:30] natin,
[43:30] lahat tayo
[43:30] sabihin natin
[43:31] we support,
[43:31] we support,
[43:32] o paano
[43:32] natin
[43:32] gagawin?
[43:33] Yan,
[43:34] Madam Chair,
[43:36] let me
[43:36] exemplify.
[43:38] Ganito po
[43:39] yung
[43:39] nangyayari.
[43:41] Kunwari,
[43:42] distribution
[43:42] utility
[43:43] X,
[43:44] palagay natin
[43:45] Meralco
[43:45] or any
[43:46] other
[43:46] electric
[43:47] cooperative.
[43:49] Meralco
[43:49] or any
[43:50] other
[43:50] electric
[43:51] cooperative
[43:51] buys
[43:52] from
[43:53] generation
[43:55] A.
[43:56] Kunwari,
[43:57] 10 pesos
[43:58] po yung
[43:58] nabili
[43:58] niya.
[43:59] Attorney
[44:00] Juan,
[44:02] I will not
[44:02] commit the
[44:03] mistake
[44:03] again.
[44:04] Attorney
[44:04] Juan,
[44:05] hindi
[44:05] San Juan.
[44:09] Eventually,
[44:10] Meralco
[44:11] or any
[44:11] other
[44:12] electric
[44:12] cooperative
[44:13] sells
[44:15] to
[44:15] consumers.
[44:17] Tama,
[44:18] kasi
[44:18] binili
[44:18] niya,
[44:19] tas
[44:19] bibenda
[44:20] niya.
[44:22] Nung
[44:22] i-account
[44:23] niya
[44:23] lahat,
[44:24] yung
[44:24] kanyang
[44:24] sales,
[44:26] 8 pesos
[44:27] na lang
[44:27] ang kanyang
[44:30] na
[44:30] recover.
[44:31] So,
[44:32] mayroong
[44:32] system
[44:32] loss
[44:33] na 2 pesos.
[44:35] Tama,
[44:36] gano'n
[44:36] na
[44:36] nagyayari.
[44:37] Bakit
[44:40] bat?
[44:40] Yung 2 pesos
[44:42] na yun,
[44:42] ito yung
[44:42] system
[44:43] loss
[44:43] na pinag-aawayan
[44:44] na natin
[44:44] since time
[44:45] immemorial.
[44:47] Ngayon,
[44:48] kung halimbawa
[44:48] yung
[44:49] generation,
[44:50] yung
[44:51] generation
[44:51] company,
[44:53] will
[44:54] consider
[44:54] na yung
[44:55] 2 pesos
[44:55] talaga,
[44:57] nangyayari
[44:57] nasa maraming
[44:58] paraan
[44:58] loss yun.
[44:59] Ang
[44:59] Meralco,
[45:01] hindi na
[45:01] siya
[45:01] kukolekta
[45:03] ng
[45:03] system
[45:03] loss.
[45:05] Ganito
[45:05] lang na
[45:05] simple
[45:06] yun.
[45:06] Yung
[45:07] 2
[45:07] piso
[45:07] yung
[45:07] difference
[45:08] siya.
[45:08] Kasi
[45:08] yung
[45:09] bill,
[45:10] 8 pesos
[45:10] lang.
[45:11] Yung
[45:13] kanyang
[45:13] purchase
[45:14] is
[45:14] 10 pesos.
[45:16] Pero yung
[45:16] total
[45:16] bill niya,
[45:18] entire
[45:18] market,
[45:20] is only
[45:20] 8 pesos.
[45:21] Yung
[45:22] 2
[45:22] piso
[45:22] yung
[45:22] pinag-uusapan,
[45:23] Madam Chair,
[45:25] ito yung
[45:26] pinipilit
[45:26] natin
[45:27] kolektayin
[45:27] sa ating
[45:28] mga
[45:28] mamamayan
[45:28] na hindi
[45:29] po
[45:30] pwedeng
[45:30] mangyari
[45:31] yun.
[45:33] Salamat
[45:34] po.
[45:38] Attorney
[45:38] Juan,
[45:39] can you
[45:40] continue
[45:40] with your
[45:40] presentation
[45:41] and then
[45:41] we'll
[45:41] go to
[45:42] USEC
[45:42] Carlo.
[45:45] Our
[45:46] position
[45:47] on the
[45:47] 10
[45:47] bill.
[45:48] Although
[45:49] we included
[45:49] 14
[45:50] bills,
[45:51] kasi
[45:51] a lot
[45:51] of
[45:52] them,
[45:52] all
[45:53] of
[45:53] them
[45:53] have
[45:53] some
[45:54] relation
[45:54] to
[45:55] the
[45:55] main
[45:55] issue
[45:55] which
[45:56] is
[45:56] bakit
[45:57] ganun
[45:57] kataas
[45:58] yung
[45:58] electricity
[45:59] bill.
[45:59] So
[45:59] focus
[46:00] lang tayo
[46:00] doon
[46:00] because
[46:01] 2
[46:01] hours
[46:02] is not
[46:02] enough
[46:02] to
[46:03] solve
[46:04] all
[46:04] these
[46:04] problems
[46:04] or
[46:04] to
[46:05] even
[46:05] get
[46:07] into
[46:07] the
[46:07] details.
[46:08] Pero
[46:08] to
[46:08] give
[46:08] everybody
[46:09] a
[46:09] chance
[46:09] again
[46:10] to
[46:10] speak,
[46:11] doon lang tayo
[46:11] quick points
[46:12] on those
[46:12] issues.
[46:13] What
[46:13] contributes?
[46:14] What do
[46:14] you think
[46:14] are the
[46:14] highlights
[46:15] of
[46:16] the
[46:17] problems?
[46:17] What
[46:18] can you
[46:18] highlight
[46:18] about
[46:19] these
[46:19] issues?
[46:21] Yes,
[46:21] going
[46:22] now to
[46:22] slide
[46:23] 12,
[46:24] which
[46:24] will
[46:24] be
[46:24] my
[46:24] last
[46:25] slide.
[46:26] This
[46:26] is
[46:27] a
[46:27] summary
[46:28] of
[46:28] our
[46:28] position.
[46:31] As
[46:31] regards
[46:32] the
[46:32] support
[46:33] for
[46:34] consumer
[46:34] relief
[46:35] measures,
[46:35] kasama
[46:36] dito
[46:36] yung
[46:36] VAT
[46:37] exemption
[46:37] and
[46:38] removal
[46:38] of
[46:39] yung
[46:39] slide
[46:41] na
[46:42] nire-request
[46:42] ni
[46:43] chairman.
[46:43] Yung
[46:44] slide
[46:45] 12,
[46:45] I
[46:47] highlighted
[46:49] here,
[46:50] yun pong
[46:50] exclusion
[46:51] of
[46:51] certain
[46:52] pass-through
[46:52] charges
[46:52] from
[46:53] the
[46:53] VAT
[46:53] coverage.
[46:55] So,
[46:56] malaking
[46:56] bagay
[46:57] nga
[46:57] din
[46:57] po yan,
[46:58] especially
[46:58] kung
[46:59] kasama
[46:59] dyan
[46:59] yung
[46:59] system
[47:00] laws.
[47:00] Ang
[47:01] isa
[47:01] nire-raise
[47:03] namin
[47:03] as
[47:03] an
[47:03] issue,
[47:04] ito
[47:04] pong
[47:05] implementation
[47:06] and
[47:07] collection
[47:07] of
[47:07] the
[47:07] VAT
[47:08] kasi
[47:08] medyo
[47:09] complicated
[47:10] yan.
[47:10] In fact,
[47:11] hanggang
[47:11] ngayon,
[47:12] may mga
[47:12] unresolved
[47:13] issues
[47:13] pa.
[47:14] Yung
[47:14] treatment
[47:15] ng
[47:16] VAT,
[47:16] yung
[47:16] input
[47:17] and
[47:17] output,
[47:18] yung
[47:18] merong
[47:18] zero
[47:19] rated.
[47:20] So,
[47:20] kung
[47:20] meron
[47:21] pa tayong
[47:21] additional
[47:22] na
[47:23] magiging
[47:24] bagong
[47:25] definition
[47:26] ng
[47:26] gross
[47:26] receipts
[47:27] to
[47:27] exclude
[47:27] yung
[47:27] system
[47:28] laws,
[47:28] so,
[47:30] kailangan
[47:30] po
[47:30] matingnan,
[47:31] ma-operationalize
[47:32] doon sa
[47:33] generation
[47:34] how it
[47:34] will be
[47:35] implemented
[47:35] in terms
[47:36] of the
[47:37] VAT
[47:38] impact
[47:38] of that
[47:39] on the
[47:40] generators
[47:41] sa
[47:42] transmission
[47:43] at ganoon
[47:43] din po
[47:44] sa
[47:44] distribution
[47:45] including
[47:46] now
[47:46] the
[47:46] RES.
[47:47] So,
[47:48] pwede
[47:48] din po
[47:48] kasi
[47:49] na
[47:49] mayroong
[47:50] magiging
[47:50] VAT
[47:51] issue
[47:51] pagdating
[47:52] sa
[47:52] retail
[47:53] supply.
[47:54] And
[47:55] then,
[47:55] number
[47:55] two,
[47:56] on
[47:56] the
[47:56] system
[47:56] laws
[47:57] cap
[47:57] reduction,
[47:58] this
[47:59] was
[47:59] also
[47:59] proposed,
[48:01] we
[48:01] support
[48:03] that,
[48:05] but let
[48:05] us just
[48:06] highlight
[48:07] that
[48:07] insofar
[48:08] as
[48:08] ERC
[48:09] sa prevailing
[48:10] caps,
[48:11] naibaba na
[48:12] po natin
[48:12] yan
[48:12] from
[48:13] then
[48:13] levels
[48:15] of
[48:15] 12
[48:15] to
[48:15] 14
[48:16] percent
[48:17] ngayon
[48:17] for the
[48:17] private
[48:18] distribution
[48:18] utilities,
[48:19] it
[48:20] has
[48:20] gone
[48:20] down
[48:20] to
[48:20] 5.5
[48:21] percent.
[48:23] Comparable
[48:23] din siya
[48:24] dun sa
[48:24] mga
[48:24] ibang
[48:24] jurisdictions
[48:25] na
[48:25] that
[48:26] allow
[48:26] for
[48:27] disallowance
[48:28] ng
[48:29] system
[48:30] loss
[48:30] at
[48:31] 5.5
[48:32] hindi
[48:32] na po
[48:32] yan
[48:33] malayo
[48:33] dun sa
[48:34] norm.
[48:35] But
[48:35] as
[48:36] mentioned
[48:37] earlier,
[48:37] if this
[48:38] will be
[48:38] legislated,
[48:41] natanggal
[48:41] na,
[48:42] so in
[48:42] effect,
[48:43] zero cap
[48:44] na tayo,
[48:44] and
[48:45] that
[48:46] will
[48:47] force
[48:47] our
[48:48] distribution
[48:48] utilities
[48:49] to
[48:50] operate
[48:50] more
[48:50] efficiently
[48:51] and
[48:51] or
[48:52] to
[48:52] absorb
[48:52] yung
[48:53] cost
[48:53] na
[48:54] yan.
[48:54] And
[48:54] and
[48:55] dala natin,
[48:56] hindi
[48:56] naman tayo
[48:57] nag-iisip lang
[48:58] ng
[48:58] mga
[48:59] private
[48:59] distribution
[49:00] utilities
[49:01] like
[49:01] Meralco
[49:02] and
[49:02] the
[49:02] other
[49:02] private
[49:03] deus
[49:03] na
[49:04] meron
[49:04] kaming
[49:04] sinasamang
[49:05] rate
[49:06] of
[49:06] return
[49:06] dun sa
[49:07] kanilang
[49:07] investment.
[49:08] We're
[49:08] talking
[49:08] also
[49:09] of
[49:09] electric
[49:10] cooperatives,
[49:10] hundreds
[49:11] of
[49:11] them
[49:11] na
[49:12] talagang
[49:12] they
[49:12] operate
[49:13] purely
[49:14] on
[49:14] cash
[49:15] flow
[49:15] at
[49:16] kung
[49:16] wala
[49:16] silang
[49:17] extra
[49:17] na
[49:18] puhunan
[49:19] or
[49:19] capital
[49:20] na
[49:20] mailalabas
[49:21] pang
[49:22] cover
[49:23] dyan
[49:23] sa
[49:23] gastos
[49:24] na
[49:24] yan,
[49:25] yung
[49:25] kanilang
[49:25] namang
[49:25] servisyo
[49:26] ang
[49:26] mag-suffer.
[49:27] And
[49:27] of
[49:28] course,
[49:29] pag
[49:29] nag-suffer
[49:30] yung
[49:30] servisyo
[49:31] nila,
[49:31] pwedeng
[49:31] lalong
[49:32] tataas
[49:32] yung
[49:33] kanilang
[49:33] system
[49:34] loss
[49:34] lalong
[49:37] mag-gravate
[49:40] lang
[49:40] dun sa
[49:40] problema
[49:41] nila
[49:41] kung
[49:42] sila
[49:42] na
[49:42] ang
[49:42] sasalo
[49:43] nitong
[49:44] cost
[49:44] na
[49:44] ito
[49:45] associated
[49:45] with
[49:46] system
[49:47] losses.
[49:47] Quick
[49:48] question
[49:48] lang,
[49:49] worldwide
[49:49] and in
[49:50] particular
[49:50] sa
[49:51] Asia,
[49:52] ano yung
[49:52] sinusunda
[49:53] na
[49:54] systems
[49:54] loss
[49:55] sa
[49:58] ibang
[49:59] mga
[49:59] bansa?
[50:00] Kasi
[50:01] yun
[50:01] naman yung
[50:01] benchmarking
[50:02] natin,
[50:02] how
[50:03] is it
[50:03] handled
[50:04] in
[50:04] other
[50:04] countries?
[50:07] I
[50:07] don't
[50:08] have
[50:08] one
[50:08] Okay,
[50:08] so
[50:09] can
[50:09] you
[50:09] get
[50:09] somebody
[50:09] who
[50:10] can
[50:10] give
[50:10] us
[50:10] that?
[50:10] Because
[50:11] me
[50:11] as a
[50:12] non-technical
[50:12] person,
[50:13] that is
[50:13] how I
[50:14] look
[50:14] at
[50:14] it.
[50:14] Sila,
[50:14] paano
[50:15] nila
[50:15] hinahandle
[50:16] yan,
[50:16] di ba?
[50:16] And
[50:17] then I
[50:17] want
[50:17] to
[50:17] point
[50:17] out
[50:18] dito
[50:18] sa
[50:18] presentation
[50:18] nyo
[50:19] na may
[50:19] sinabi
[50:20] din
[50:20] kayo
[50:20] na
[50:20] the
[50:21] ERC
[50:21] respectfully
[50:22] posits
[50:22] that
[50:23] the cost
[50:25] of
[50:25] upgrading
[50:26] distribution
[50:27] facilities
[50:27] or addressing
[50:28] pilfridge
[50:28] to meet
[50:29] such
[50:30] lowered
[50:30] system
[50:30] loss
[50:31] should be
[50:32] weighed
[50:33] against
[50:33] the
[50:33] benefits.
[50:34] So
[50:34] medyo
[50:35] you
[50:35] pass
[50:35] on
[50:36] it,
[50:36] mamaya
[50:36] we'll
[50:36] ask
[50:37] Nea
[50:37] to
[50:37] exemplify
[50:38] kasi
[50:38] alam
[50:39] ko
[50:39] na
[50:39] ang
[50:40] problema
[50:40] parating
[50:40] mga
[50:41] cooperatives
[50:41] natin
[50:42] puhunan
[50:42] nila.
[50:43] So
[50:43] it's
[50:43] like
[50:43] a
[50:43] vicious
[50:44] cycle.
[50:44] Hindi
[50:44] sila
[50:45] maka
[50:45] upgrade
[50:46] kasi
[50:46] wala
[50:47] silang
[50:47] puhunan.
[50:47] So
[50:47] bulok-bulok
[50:48] na
[50:48] ng
[50:48] servisyo
[50:49] hindi
[50:49] pa
[50:50] ma-upgrade.
[50:50] So
[50:50] that's
[50:51] why
[50:51] ang
[50:52] dami
[50:52] natin
[50:52] bills
[50:52] na
[50:52] sinama
[50:53] dito
[50:53] dahil
[50:54] the
[50:56] problem
[50:56] there's
[50:58] not
[50:58] just
[50:58] one
[50:59] bill
[50:59] that
[50:59] can
[50:59] solve
[50:59] this
[51:00] problem.
[51:00] There's
[51:00] not
[51:00] just
[51:00] one
[51:01] law
[51:01] that
[51:01] can
[51:01] solve
[51:01] this
[51:02] problem.
[51:02] How
[51:03] do
[51:03] we
[51:03] create
[51:03] that
[51:03] environment
[51:05] like
[51:06] you
[51:06] said
[51:06] maging
[51:06] mas
[51:07] efficient
[51:07] sila.
[51:08] Or
[51:08] maybe
[51:09] pag-grant
[51:09] pa lang
[51:10] ng
[51:10] franchise
[51:10] siguruduhin
[51:11] naman
[51:11] natin
[51:11] na
[51:11] may
[51:14] puhunan
[51:14] talaga
[51:15] itong
[51:15] mga
[51:15] to
[51:15] para
[51:16] paanda
[51:17] rin
[51:17] na
[51:17] maayos.
[51:17] Anyway,
[51:18] I will
[51:18] stop
[51:18] there.
[51:20] Yusek
[51:21] Carlo,
[51:22] I will
[51:22] give
[51:22] you
[51:22] the
[51:23] floor
[51:23] and
[51:23] then
[51:24] after
[51:24] I
[51:25] might
[51:25] shift
[51:26] quickly
[51:26] to
[51:27] the
[51:27] private
[51:27] sector
[51:28] naman
[51:28] to
[51:28] give
[51:28] them
[51:29] at
[51:29] least
[51:30] a
[51:30] chance
[51:30] some
[51:30] of
[51:31] them
[51:31] the
[51:31] opportunity
[51:32] to
[51:32] speak
[51:33] and
[51:33] then
[51:33] balik
[51:33] balik
[51:34] tayo
[51:34] so
[51:34] we
[51:34] have
[51:35] two
[51:35] perspectives.
[51:36] Okay,
[51:36] go ahead
[51:37] Yusek
[51:37] Carlo,
[51:38] Adriano
[51:38] for
[51:38] DOF.
[51:39] Good
[51:39] afternoon,
[51:40] Madam Chair,
[51:40] good
[51:41] afternoon,
[51:41] everyone.
[51:41] And don't
[51:41] forget
[51:42] the
[51:42] question
[51:42] of
[51:42] Senator
[51:42] Ligart.
[51:43] Just
[51:43] waiting
[51:45] for
[51:45] my
[51:45] slides
[51:46] to
[51:46] be
[51:46] uploaded.
[51:48] So
[51:48] next
[51:49] slide.
[51:50] So
[51:50] the
[51:51] outline
[51:51] of
[51:52] my
[51:54] presentation
[51:54] as
[51:54] follows.
[51:55] One
[51:55] is
[51:55] what
[51:56] are
[51:56] the
[51:56] components
[51:57] of
[51:57] our
[51:58] electricity
[51:58] bill?
[51:59] Second,
[52:00] why
[52:00] is
[52:01] our
[52:01] electricity
[52:01] price
[52:02] high
[52:02] in
[52:03] the
[52:03] Philippines?
[52:04] And
[52:04] third,
[52:05] what
[52:05] are
[52:05] the
[52:05] consequences
[52:06] of
[52:06] that
[52:07] exemption
[52:07] on
[52:08] electricity?
[52:09] Next
[52:09] slide,
[52:10] please.
[52:11] So
[52:12] what
[52:12] are
[52:12] the
[52:12] components
[52:12] of
[52:13] the
[52:13] electricity
[52:13] bill?
[52:13] Next
[52:14] slide.
[52:14] I
[52:14] think
[52:14] Madam
[52:15] Chair
[52:15] already
[52:15] mentioned
[52:16] this.
[52:17] As
[52:17] mentioned,
[52:18] the
[52:18] largest
[52:18] share
[52:19] to
[52:19] the
[52:20] cost
[52:20] is
[52:20] the
[52:20] generation
[52:21] charge
[52:21] at
[52:21] 64%.
[52:22] It's
[52:23] followed
[52:23] by
[52:23] distribution
[52:24] at
[52:24] 12%,
[52:25] transmission
[52:25] at
[52:26] 8%,
[52:26] and
[52:27] then
[52:27] the
[52:27] 11%
[52:28] are
[52:28] the
[52:28] other
[52:29] charges
[52:29] of
[52:30] which
[52:30] the
[52:31] share
[52:31] of
[52:31] VAT
[52:31] is
[52:32] around
[52:32] 7%
[52:32] to
[52:33] 9%
[52:33] of
[52:34] the
[52:34] total
[52:34] bill.
[52:35] So
[52:35] maliit
[52:35] po
[52:36] ang
[52:36] share
[52:36] ng
[52:36] VAT
[52:37] dun
[52:37] sa
[52:37] electricity
[52:38] price.
[52:38] Ang
[52:38] pinakamalaki
[52:39] generation.
[52:41] And
[52:41] if
[52:41] you
[52:41] combine
[52:41] the
[52:42] generation,
[52:42] transmission,
[52:43] then
[52:43] distribution,
[52:44] it's
[52:45] 84%
[52:45] of
[52:46] the
[52:46] electricity
[52:47] price.
[52:48] Next
[52:48] slide.
[52:50] Now,
[52:50] why is
[52:51] generation
[52:51] charge
[52:51] high in
[52:52] the
[52:52] Philippines?
[52:53] Next
[52:53] slide.
[52:54] So
[52:54] we
[52:54] researched
[52:55] several
[52:56] papers.
[52:57] I
[52:57] will
[52:57] just
[52:57] mention
[52:57] papers
[52:58] of
[52:59] Ravago
[52:59] 2022,
[53:00] Tabada
[53:01] 2025,
[53:02] Navarro
[53:03] 2025,
[53:04] Francisco
[53:05] 2024,
[53:06] Francisco
[53:07] and
[53:07] Basilio
[53:07] 2024,
[53:08] and
[53:08] Flarete
[53:09] 2016.
[53:10] So
[53:11] first,
[53:12] why is
[53:13] it
[53:13] high?
[53:14] This
[53:14] is
[53:15] based
[53:15] on
[53:15] Tabada
[53:15] paper.
[53:17] It's
[53:17] basically
[53:18] barriers
[53:18] to
[53:18] entry.
[53:19] It's
[53:20] very
[53:20] hard
[53:20] for
[53:20] new
[53:20] players
[53:21] to
[53:21] enter
[53:21] the
[53:21] market.
[53:22] It
[53:22] requires
[53:23] around
[53:23] 100
[53:23] to
[53:24] 300
[53:24] plus
[53:25] permits.
[53:26] And
[53:26] it
[53:26] will
[53:27] take
[53:27] 5
[53:28] to
[53:28] 10
[53:28] years
[53:29] before
[53:29] you
[53:29] can
[53:29] actually
[53:30] operate
[53:30] sa
[53:31] generation
[53:31] po
[53:31] nito.
[53:32] And
[53:32] given
[53:32] this,
[53:33] this
[53:33] limits
[53:34] competition
[53:34] and
[53:35] electricity
[53:36] supply.
[53:37] Second
[53:37] po
[53:38] is
[53:38] yung
[53:38] policy
[53:39] related
[53:39] costs.
[53:40] Some
[53:41] policies
[53:41] legislated
[53:42] through
[53:42] a
[53:43] law
[53:43] while
[53:43] wealth
[53:44] intention
[53:45] can
[53:45] add
[53:45] to
[53:46] cost.
[53:46] Na
[53:46] mention
[53:47] na
[53:47] po
[53:47] dito
[53:47] yung
[53:48] fit
[53:48] sa
[53:49] renewable
[53:49] energy.
[53:50] Gaya
[53:51] pinapasa
[53:51] rin
[53:51] po
[53:52] sa
[53:52] atin.
[53:52] Universal
[53:53] charge
[53:53] pinapasa
[53:54] po
[53:54] sa
[53:54] consumer.
[53:55] Senior
[53:55] citizen
[53:56] basically
[53:56] pinapasa
[53:57] din
[53:57] sa
[53:57] consumer.
[53:58] Real
[53:58] property
[53:59] tax
[53:59] etc.
[54:00] Lahat
[54:00] po
[54:01] ito
[54:01] legislated
[54:02] by
[54:02] law.
[54:03] Next
[54:04] slide
[54:04] will
[54:05] be
[54:05] the
[54:05] market
[54:06] concentration.
[54:07] Ito
[54:07] po
[54:07] yung
[54:08] monopolistic
[54:09] or
[54:09] oligopolistic
[54:10] structure
[54:11] of
[54:11] the
[54:11] energy
[54:12] market.
[54:13] In
[54:13] Luzon,
[54:15] seven
[54:16] firms
[54:16] control
[54:16] 50%
[54:17] of
[54:18] the
[54:18] supply.
[54:19] In
[54:19] Visayas,
[54:20] two
[54:21] control
[54:21] 35%.
[54:22] In
[54:23] Mindanao,
[54:24] three
[54:25] control
[54:25] 43%
[54:26] of
[54:27] the
[54:27] market.
[54:28] This
[54:29] weekend
[54:29] competition
[54:29] make it
[54:30] more
[54:30] difficult
[54:31] for
[54:31] prices
[54:31] to
[54:32] go
[54:32] down
[54:32] in
[54:33] a
[54:33] deregulated
[54:34] market.
[54:35] The
[54:35] fourth
[54:35] one
[54:36] is
[54:36] inefficient
[54:37] contracts.
[54:38] Sa
[54:38] mga
[54:38] kontrata
[54:39] there
[54:40] is
[54:40] what
[54:40] we
[54:40] call
[54:40] take
[54:41] or
[54:41] pay
[54:41] contract.
[54:42] So
[54:42] kapag
[54:43] sobra-sobra
[54:44] po
[54:44] yung
[54:44] supply
[54:44] ng
[54:45] electricity
[54:45] even
[54:46] if
[54:46] it's
[54:46] not
[54:46] used
[54:47] we
[54:47] actually
[54:47] pay
[54:48] for
[54:48] it.
[54:49] And
[54:49] one
[54:49] example
[54:50] mentioned
[54:50] by
[54:50] Ravago
[54:51] in
[54:51] 2022
[54:52] an
[54:52] example
[54:52] nung
[54:53] Malampaya
[54:53] 2021
[54:54] an
[54:55] nangyari
[54:55] po
[54:56] noon
[54:56] we
[54:56] anticipated
[54:57] thin
[54:57] supply
[54:58] and
[54:59] hence
[54:59] we
[54:59] purchase
[55:00] inputs
[55:01] na
[55:01] mahal
[55:01] so
[55:02] that
[55:02] we
[55:02] will
[55:02] have
[55:02] enough
[55:03] supply
[55:03] but
[55:04] unfortunately
[55:05] hindi
[55:06] po
[55:06] nangyari
[55:07] yung
[55:07] thin
[55:07] supply
[55:07] and
[55:08] hence
[55:08] pinasa
[55:09] po
[55:09] lahat
[55:10] ng
[55:10] mahal
[55:10] inputs
[55:11] sa
[55:11] consumers
[55:12] po
[55:12] na
[55:12] to
[55:12] because
[55:13] of
[55:13] the
[55:13] stake
[55:13] or
[55:14] pay
[55:14] contracts.
[55:16] Next
[55:16] slide.
[55:18] The
[55:18] fifth
[55:19] is
[55:19] limited
[55:20] power
[55:20] grid.
[55:21] Transmission
[55:22] constraints
[55:23] limit
[55:23] the efficient
[55:24] movement
[55:24] of
[55:25] electricity.
[55:26] Even
[55:27] when
[55:27] cheaper
[55:27] power
[55:28] is
[55:28] available
[55:28] in
[55:29] one
[55:29] area
[55:29] it
[55:30] may
[55:30] not
[55:30] reach
[55:31] other
[55:31] regions
[55:31] due
[55:32] to
[55:32] grid
[55:32] limitations.
[55:33] As
[55:34] a
[55:34] result
[55:34] consumers
[55:35] may
[55:36] rely
[55:36] on
[55:36] more
[55:36] expensive
[55:37] local
[55:38] supply.
[55:39] The
[55:39] sixth
[55:39] one
[55:40] is
[55:40] the
[55:40] system
[55:40] cost.
[55:41] This
[55:41] is
[55:41] basically
[55:41] the
[55:42] generation
[55:42] cost
[55:43] na
[55:43] mahal po
[55:43] talaga.
[55:44] And
[55:45] the
[55:45] last
[55:45] one
[55:45] that
[55:45] I
[55:45] would
[55:46] like
[55:46] to
[55:46] highlight
[55:46] is
[55:47] the
[55:48] paper
[55:48] of
[55:48] Clarete
[55:49] in
[55:49] 2016.
[55:51] He
[55:52] estimated
[55:53] the
[55:54] cost
[55:54] of
[55:54] ease
[55:55] of
[55:55] doing
[55:55] business
[55:56] versus
[55:57] removing
[55:57] VAT.
[55:59] What
[55:59] he
[55:59] estimated
[55:59] is
[56:00] that
[56:00] because
[56:01] of
[56:01] the
[56:01] ease
[56:01] of
[56:01] doing
[56:02] business
[56:02] wherein
[56:02] it
[56:03] will
[56:03] take
[56:03] you
[56:03] 5
[56:04] to
[56:04] 10
[56:04] years
[56:04] before
[56:04] you
[56:05] can
[56:05] actually
[56:05] operate,
[56:06] it
[56:06] functions
[56:07] like
[56:08] a
[56:08] 12%
[56:09] tax
[56:10] on
[56:11] the
[56:11] investor.
[56:12] And
[56:12] take
[56:13] note,
[56:13] wala pong
[56:13] revenue
[56:14] tayo
[56:15] nakuha
[56:15] dito.
[56:16] Kasi
[56:16] po,
[56:16] natetenga
[56:17] yung
[56:17] project
[56:17] for
[56:17] 10
[56:18] years,
[56:18] it
[56:18] functions
[56:19] like
[56:19] a
[56:20] 12%
[56:20] tax.
[56:21] Now,
[56:21] he
[56:22] compared
[56:22] that,
[56:22] if
[56:23] you
[56:23] remove
[56:23] VAT,
[56:24] it
[56:24] will
[56:25] only
[56:25] lower
[56:25] by
[56:25] around
[56:26] 4%.
[56:26] And
[56:27] take
[56:27] note,
[56:28] when
[56:28] we
[56:28] impose
[56:29] VAT,
[56:29] we
[56:29] collect
[56:30] revenues
[56:34] he
[56:34] concluded
[56:35] that
[56:35] it's
[56:36] actually
[56:36] more
[56:37] efficient
[56:37] to
[56:38] remove
[56:38] the
[56:39] ease
[56:42] of
[56:42] doing
[56:42] business
[56:43] rather
[56:44] than
[56:44] removing
[56:45] VAT.
[56:47] The
[56:47] next
[56:47] slide
[56:47] is,
[56:48] what
[56:48] is
[56:48] the
[56:48] VAT
[56:49] treatment
[56:49] of
[56:50] electricity
[56:50] by
[56:51] our
[56:51] ASEAN
[56:51] neighbors?
[56:52] Ito
[56:52] po yung
[56:52] benchmarking
[56:53] natin
[56:53] dito.
[56:54] So,
[56:55] out of
[56:55] all
[56:56] the ASEAN
[56:56] member
[56:56] states,
[56:57] lahat
[56:57] po
[56:57] nag-impose
[56:58] ng
[56:58] VAT
[56:58] except
[56:59] only
[57:00] Brunei.
[57:02] So,
[57:02] hindi
[57:02] po
[57:03] sa atin
[57:04] unique
[57:04] ang
[57:05] nag-impose
[57:05] ng
[57:05] VAT
[57:06] sa
[57:06] electricity.
[57:07] And
[57:08] we
[57:08] take
[57:08] note
[57:09] that
[57:09] VAT
[57:09] is
[57:10] an
[57:10] ad
[57:10] valorem
[57:11] tax.
[57:12] Ang
[57:12] isibihin
[57:13] ng
[57:13] ad
[57:13] valorem
[57:13] tax,
[57:14] it is
[57:14] based
[57:14] on
[57:15] the
[57:15] value
[57:15] or
[57:16] price
[57:16] of
[57:17] the
[57:17] electricity.
[57:19] So,
[57:19] kung
[57:19] mataas
[57:20] po
[57:20] ang
[57:20] base
[57:21] price
[57:21] ng
[57:21] electricity
[57:22] sa
[57:22] atin,
[57:23] di
[57:23] mataas
[57:23] din
[57:24] po
[57:24] yung
[57:24] VAT.
[57:25] But
[57:25] if
[57:25] the
[57:25] base
[57:26] price
[57:26] of
[57:26] electricity
[57:27] is
[57:27] low,
[57:28] then
[57:28] mababa
[57:28] din
[57:28] po
[57:28] yung
[57:29] VAT
[57:29] tulad
[57:30] po
[57:30] sa
[57:30] ibang
[57:30] asayan
[57:31] neighbors
[57:31] natin
[57:32] that
[57:32] also
[57:32] impose
[57:33] VAT
[57:34] on
[57:34] electricity.
[57:37] Next
[57:37] slide.
[57:39] So,
[57:39] I will
[57:39] now
[57:40] discuss
[57:40] what
[57:40] are
[57:41] the
[57:41] consequence
[57:41] of
[57:42] VAT
[57:42] exemption
[57:43] on
[57:43] electricity.
[57:44] These
[57:44] are
[57:45] the
[57:45] unintended
[57:46] consequences.
[57:47] So,
[57:47] we
[57:48] know
[57:48] there
[57:48] will
[57:48] be
[57:48] revenue
[57:49] losses,
[57:49] but
[57:49] what
[57:50] are
[57:50] the
[57:50] unintended
[57:51] consequences
[57:52] of
[57:52] exempting
[57:53] VAT,
[57:53] including
[57:54] po yung
[57:54] systems
[57:55] loss.
[57:57] So,
[57:57] this
[57:58] illustrates
[57:58] po yung
[57:59] generation.
[58:00] So,
[58:00] electricity
[58:01] is consumed
[58:01] by
[58:01] final
[58:02] consumers.
[58:02] Ito po
[58:03] yung
[58:03] first
[58:03] scenario.
[58:04] So,
[58:05] you have
[58:05] the
[58:05] whole
[58:05] electricity
[58:06] chain
[58:07] and
[58:07] then
[58:08] ang
[58:08] final
[58:08] demand
[58:09] mo
[58:09] is
[58:09] with
[58:09] household.
[58:11] So,
[58:12] we
[58:12] have
[58:12] the
[58:12] generation,
[58:13] transmission,
[58:14] and
[58:14] distribution.
[58:15] For
[58:16] each
[58:16] chain,
[58:17] meron
[58:17] po yung
[58:17] mga
[58:18] inputs.
[58:19] Mga
[58:19] poste,
[58:20] capital,
[58:21] labor,
[58:21] rent,
[58:22] etc.
[58:22] etc.
[58:23] And
[58:23] those
[58:24] inputs
[58:25] are
[58:25] subject
[58:26] to
[58:26] VAT.
[58:28] Now,
[58:28] kapag
[58:29] exempt
[58:29] po yung
[58:30] electricity,
[58:31] ibig
[58:32] sabihin
[58:32] po noon,
[58:33] hindi
[58:33] po sila
[58:33] makapag-claim
[58:34] ng
[58:35] input
[58:35] VAT.
[58:36] So,
[58:37] ano po
[58:37] mangyayari
[58:38] dun sa
[58:38] tinatawag
[58:39] naming
[58:39] unrecoverable
[58:40] input
[58:41] VAT?
[58:42] It
[58:42] will
[58:42] now
[58:42] form
[58:43] part
[58:43] of
[58:44] the
[58:44] electricity
[58:45] price.
[58:46] Ipapasa
[58:46] lang po
[58:47] yan
[58:47] sa
[58:48] consumers.
[58:49] And
[58:49] hence,
[58:51] ang result
[58:53] po
[58:53] neto
[58:53] for the
[58:54] household
[58:54] level,
[58:55] it
[58:55] can be
[58:56] lower,
[58:57] no
[58:57] change,
[58:58] or
[58:58] higher
[58:59] prices.
[59:00] Why?
[59:01] Because
[59:01] of
[59:02] that
[59:02] unrecoverable
[59:03] input
[59:04] VAT
[59:04] that
[59:05] will
[59:05] now
[59:05] form
[59:05] part
[59:06] of
[59:06] the
[59:06] price
[59:06] and
[59:07] the
[59:08] current
[59:08] structure
[59:08] of
[59:09] the
[59:09] market
[59:09] na
[59:09] monopoly
[59:10] and
[59:10] logistic.
[59:11] Wala po
[59:12] masyadong
[59:12] competition,
[59:13] so,
[59:13] kapag
[59:13] tinanggal
[59:14] mo po
[59:14] yung
[59:14] VAT,
[59:15] it
[59:15] can
[59:15] be
[59:15] part
[59:16] of
[59:16] their
[59:16] new
[59:17] markup.
[59:17] The
[59:19] next
[59:19] scenario
[59:20] is
[59:20] what
[59:21] if
[59:21] the
[59:21] electricity
[59:22] is
[59:22] used
[59:23] as
[59:23] an
[59:23] intermediate
[59:24] input
[59:25] by
[59:25] businesses?
[59:26] Ito po
[59:26] yung
[59:27] mas
[59:27] malala,
[59:27] ito po
[59:28] yung
[59:28] unintended
[59:29] consequences
[59:30] po
[59:30] talaga.
[59:31] So,
[59:31] again,
[59:32] we have
[59:33] manufacturer
[59:34] one
[59:34] here.
[59:35] So,
[59:36] again,
[59:36] lahat po
[59:36] ng kanyang
[59:37] input
[59:37] is subject
[59:38] to VAT
[59:39] and yung
[59:39] output
[59:40] niya po
[59:40] is also
[59:41] subject
[59:41] to VAT.
[59:43] Now,
[59:43] as I
[59:44] mentioned
[59:44] earlier,
[59:45] for
[59:45] electricity
[59:46] na
[59:46] input
[59:47] niya,
[59:48] meron
[59:48] po
[59:48] doon
[59:48] na
[59:49] unrecoverable
[59:50] VAT
[59:50] na
[59:51] ipapasa
[59:51] sa
[59:51] kanya.
[59:54] So,
[59:54] kasama
[59:55] po
[59:55] siya
[59:55] ng
[59:55] presyo
[59:55] na.
[59:57] And
[59:57] yung
[59:58] presyo
[59:58] po
[59:58] na yun
[59:59] will
[59:59] be
[1:00:00] subject
[1:00:00] to
[1:00:00] VAT
[1:00:00] because
[1:00:01] he
[1:00:01] cannot
[1:00:02] claim
[1:00:02] input
[1:00:03] VAT
[1:00:03] on
[1:00:04] electricity.
[1:00:05] Kaya
[1:00:05] po
[1:00:06] ang
[1:00:06] mangyayari
[1:00:06] kay
[1:00:06] manufacturer
[1:00:07] one
[1:00:07] pa
[1:00:08] lang,
[1:00:08] tataas
[1:00:08] na
[1:00:09] po
[1:00:09] ang
[1:00:09] kanyang
[1:00:09] business
[1:00:10] cost
[1:00:10] operation.
[1:00:12] Now,
[1:00:12] we
[1:00:13] have
[1:00:13] the
[1:00:14] next
[1:00:14] chain
[1:00:14] is
[1:00:15] logistics.
[1:00:15] Ganun
[1:00:16] din
[1:00:16] po
[1:00:16] yung
[1:00:16] story.
[1:00:17] May
[1:00:18] embedded
[1:00:19] input
[1:00:19] VAT
[1:00:20] na
[1:00:20] pinasa
[1:00:20] sa
[1:00:21] kanya
[1:00:21] sa
[1:00:21] electricity
[1:00:21] and
[1:00:22] will
[1:00:22] also
[1:00:23] be
[1:00:23] part
[1:00:24] of
[1:00:24] the
[1:00:24] computation
[1:00:25] of
[1:00:25] VAT.
[1:00:26] Hence,
[1:00:27] ito po
[1:00:27] yung
[1:00:27] tatawag
[1:00:28] natin
[1:00:28] na
[1:00:28] cascading
[1:00:29] tax
[1:00:29] na
[1:00:30] mangyayari
[1:00:31] po
[1:00:31] for
[1:00:31] the
[1:00:31] final
[1:00:31] consumer
[1:00:32] higher
[1:00:33] prices
[1:00:33] for
[1:00:34] all
[1:00:34] goods
[1:00:34] and
[1:00:35] services
[1:00:36] that
[1:00:36] use
[1:00:36] electricity
[1:00:37] as
[1:00:38] an
[1:00:38] intermediate
[1:00:39] input.
[1:00:40] Yun po
[1:00:41] ang
[1:00:41] ibig
[1:00:41] sabihin
[1:00:41] nito.
[1:00:42] This
[1:00:42] is
[1:00:42] consistent
[1:00:43] with
[1:00:43] the
[1:00:43] study
[1:00:44] made
[1:00:44] by
[1:00:44] World
[1:00:45] Bank
[1:00:45] in
[1:00:45] IMF
[1:00:46] na
[1:00:46] ito
[1:00:46] unintended
[1:00:47] consequences
[1:00:48] when
[1:00:49] you
[1:00:49] exempt
[1:00:49] an
[1:00:50] intermediate
[1:00:50] input.
[1:00:53] The
[1:00:53] next
[1:00:53] slide
[1:00:54] po
[1:00:54] is
[1:00:57] the
[1:00:58] beneficiaries.
[1:01:02] So,
[1:01:02] kapag
[1:01:02] in-exempt
[1:01:03] po natin
[1:01:03] yung VAT,
[1:01:04] yung
[1:01:05] highest
[1:01:05] 10%
[1:01:06] household
[1:01:07] will
[1:01:07] capture
[1:01:08] the
[1:01:08] largest
[1:01:08] share
[1:01:09] of
[1:01:09] around
[1:01:09] 34.7
[1:01:11] billion
[1:01:12] in
[1:01:12] saving.
[1:01:13] This
[1:01:13] is
[1:01:13] assuming
[1:01:14] complete
[1:01:14] price
[1:01:14] pass
[1:01:15] through.
[1:01:17] On
[1:01:17] the
[1:01:17] other
[1:01:17] hand,
[1:01:18] yung
[1:01:18] lowest
[1:01:18] 30
[1:01:19] households
[1:01:20] or
[1:01:20] the
[1:01:20] bottom
[1:01:20] 30th
[1:01:21] will
[1:01:22] only
[1:01:22] gain
[1:01:22] a
[1:01:23] tax
[1:01:23] saving
[1:01:23] of
[1:01:23] a
[1:01:24] maximum
[1:01:24] of
[1:01:24] 16.3
[1:01:25] It's
[1:01:27] because
[1:01:27] some
[1:01:28] of
[1:01:28] them
[1:01:28] are
[1:01:28] covered
[1:01:29] by
[1:01:29] the
[1:01:29] lifeline
[1:01:30] rate
[1:01:30] subsidies.
[1:01:32] So,
[1:01:33] yun
[1:01:33] po
[1:01:33] ang
[1:01:33] ibig
[1:01:33] sabihin
[1:01:34] na.
[1:01:34] So,
[1:01:34] who
[1:01:34] will
[1:01:34] benefit
[1:01:35] the
[1:01:35] most?
[1:01:36] Definitely
[1:01:36] the
[1:01:37] highest
[1:01:37] income
[1:01:38] decile.
[1:01:39] As
[1:01:39] you
[1:01:39] can
[1:01:40] see,
[1:01:40] it's
[1:01:40] 34.7
[1:01:41] the
[1:01:41] highest
[1:01:42] decile
[1:01:42] versus
[1:01:43] the
[1:01:43] lowest
[1:01:43] 30th
[1:01:44] decile
[1:01:45] na
[1:01:45] 16.3
[1:01:45] double
[1:01:46] than
[1:01:47] the
[1:01:47] lowest
[1:01:48] 30th.
[1:01:48] The
[1:01:49] next
[1:01:49] slide
[1:01:49] is
[1:01:50] can
[1:01:51] we
[1:01:51] afford
[1:01:51] losing
[1:01:52] revenues
[1:01:52] from
[1:01:53] renewable
[1:01:53] of
[1:01:53] that
[1:01:54] electricity?
[1:01:55] Next
[1:01:55] slide.
[1:01:55] So,
[1:01:56] in
[1:01:56] the
[1:01:56] DOF
[1:01:57] for
[1:01:57] this
[1:01:57] year,
[1:01:58] we're
[1:01:59] basically
[1:01:59] financing
[1:02:02] 6.8
[1:02:03] trillion
[1:02:03] of our
[1:02:04] budget
[1:02:05] this
[1:02:05] year.
[1:02:06] So,
[1:02:06] that
[1:02:06] means
[1:02:06] in
[1:02:07] expenditure,
[1:02:09] that's
[1:02:09] 18.6
[1:02:10] billion
[1:02:10] every
[1:02:10] day,
[1:02:11] financed
[1:02:12] by
[1:02:12] revenues
[1:02:13] at
[1:02:13] 13.65
[1:02:14] billion
[1:02:15] every
[1:02:15] day,
[1:02:16] and
[1:02:16] through
[1:02:16] loans
[1:02:16] at
[1:02:17] 4.96
[1:02:17] billion.
[1:02:18] Now,
[1:02:19] if we
[1:02:19] reduce
[1:02:19] our
[1:02:20] transaction
[1:02:20] because
[1:02:21] of
[1:02:21] VAT
[1:02:21] exemption,
[1:02:22] that
[1:02:23] would
[1:02:23] mean
[1:02:23] incurring
[1:02:24] more
[1:02:24] debt
[1:02:24] and
[1:02:25] would
[1:02:25] make
[1:02:25] our
[1:02:26] debt
[1:02:26] or
[1:02:27] deficit
[1:02:27] or
[1:02:27] our
[1:02:28] borrowings
[1:02:28] more
[1:02:29] costly,
[1:02:30] which
[1:02:30] ultimately
[1:02:30] be
[1:02:31] paid
[1:02:31] by
[1:02:31] the
[1:02:31] future
[1:02:32] Filipino
[1:02:32] generation.
[1:02:34] It's
[1:02:34] like
[1:02:34] maxing
[1:02:35] out
[1:02:35] your
[1:02:35] credit
[1:02:36] card.
[1:02:37] The
[1:02:37] next
[1:02:37] slide
[1:02:38] is
[1:02:39] how
[1:02:40] much
[1:02:40] is
[1:02:40] the
[1:02:40] revenue
[1:02:41] loss?
[1:02:41] It's
[1:02:41] ranging
[1:02:42] from
[1:02:42] 84 to
[1:02:43] 106.5
[1:02:44] billion
[1:02:45] a year.
[1:02:45] So,
[1:02:46] more or
[1:02:46] less
[1:02:46] average
[1:02:47] 91
[1:02:48] billion
[1:02:48] a
[1:02:48] year
[1:02:49] if
[1:02:49] VAT
[1:02:49] exempt.
[1:02:52] 8.1
[1:02:52] to
[1:02:53] 8.4
[1:02:54] billion
[1:02:54] a
[1:02:55] year.
[1:02:56] Next
[1:02:57] slide.
[1:02:58] So,
[1:02:58] what
[1:02:59] is
[1:02:59] 100
[1:02:59] billion
[1:03:00] look
[1:03:00] like?
[1:03:02] So,
[1:03:02] we
[1:03:04] take
[1:03:04] note
[1:03:04] that
[1:03:04] the
[1:03:04] 4-piece
[1:03:05] spirit
[1:03:05] budget
[1:03:06] is
[1:03:06] around
[1:03:06] 100
[1:03:06] billion.
[1:03:07] So,
[1:03:08] it
[1:03:09] can
[1:03:10] mean
[1:03:10] 4.4
[1:03:11] million
[1:03:11] for
[1:03:11] beneficiaries
[1:03:12] unserved.
[1:03:14] That
[1:03:14] 100
[1:03:14] million
[1:03:15] is
[1:03:15] also
[1:03:15] 28,720
[1:03:18] classrooms
[1:03:18] for
[1:03:19] 1.1
[1:03:19] to
[1:03:20] 1.4
[1:03:20] million
[1:03:21] students.
[1:03:22] It's
[1:03:22] 5.2
[1:03:23] million
[1:03:23] students
[1:03:24] for
[1:03:24] 100
[1:03:25] SUCs
[1:03:26] and
[1:03:27] 40
[1:03:27] regional
[1:03:28] hospitals
[1:03:28] that
[1:03:28] can
[1:03:29] serve
[1:03:29] 10
[1:03:29] million
[1:03:30] patients
[1:03:30] annually.
[1:03:32] Yun po
[1:03:32] ang katapat
[1:03:33] ng
[1:03:33] 100
[1:03:34] billion
[1:03:34] pesos
[1:03:35] po
[1:03:35] na
[1:03:35] mawawala
[1:03:36] sa
[1:03:36] atin.
[1:03:37] Now,
[1:03:37] the next
[1:03:38] slide
[1:03:38] will be
[1:03:39] on
[1:03:39] the
[1:03:39] systems
[1:03:40] laws.
[1:03:41] We
[1:03:41] take
[1:03:41] note,
[1:03:42] Madam Chair,
[1:03:42] I think
[1:03:42] this is
[1:03:43] one of
[1:03:43] your
[1:03:43] requests
[1:03:44] to
[1:03:44] ERC,
[1:03:45] that
[1:03:45] Malaysia,
[1:03:46] Thailand,
[1:03:46] Vietnam,
[1:03:47] and
[1:03:47] Indonesia
[1:03:48] also
[1:03:49] impose
[1:03:50] a
[1:03:50] systems
[1:03:50] laws.
[1:03:52] Ang
[1:03:52] pinagkaiba
[1:03:53] po
[1:03:53] sa
[1:03:53] Pilipinas
[1:03:53] through
[1:03:54] the
[1:03:54] ETIRA
[1:03:55] naka-disaggregate
[1:03:57] po yung
[1:03:57] systems
[1:03:58] laws
[1:03:58] sa ating
[1:03:59] kuryente
[1:04:01] na
[1:04:01] bill.
[1:04:02] Yun po
[1:04:03] yung
[1:04:03] pinagkaiba.
[1:04:03] So it's
[1:04:04] not
[1:04:04] unique
[1:04:04] to
[1:04:05] us.
[1:04:06] I
[1:04:06] would
[1:04:06] like
[1:04:06] to
[1:04:06] note
[1:04:06] also,
[1:04:07] Madam
[1:04:07] Chair,
[1:04:08] if
[1:04:08] we
[1:04:09] remove
[1:04:09] the
[1:04:10] systems
[1:04:10] laws,
[1:04:11] assuming
[1:04:12] that
[1:04:12] this
[1:04:13] generation
[1:04:13] companies
[1:04:14] will
[1:04:14] maintain
[1:04:15] the
[1:04:15] same
[1:04:16] level
[1:04:16] of
[1:04:16] ROI
[1:04:17] or
[1:04:17] return
[1:04:17] on
[1:04:17] investment,
[1:04:18] that
[1:04:19] would
[1:04:19] mean
[1:04:19] higher
[1:04:19] prices
[1:04:20] lang
[1:04:20] din
[1:04:20] po
[1:04:20] for
[1:04:21] electricity.
[1:04:22] Yung
[1:04:22] lang
[1:04:23] po
[1:04:23] mangyayari
[1:04:23] nun.
[1:04:23] Next
[1:04:25] slide.
[1:04:29] So ito
[1:04:30] po yung
[1:04:30] mga
[1:04:30] admin
[1:04:31] problem
[1:04:32] if we
[1:04:32] exempt
[1:04:33] VAT
[1:04:34] on
[1:04:34] electricity.
[1:04:35] One
[1:04:36] is it
[1:04:36] weakens
[1:04:37] the
[1:04:37] self-enforcing
[1:04:38] nature
[1:04:38] of
[1:04:38] VAT
[1:04:39] kasi
[1:04:39] po
[1:04:39] to
[1:04:39] be
[1:04:40] able
[1:04:40] to
[1:04:40] claim
[1:04:40] input
[1:04:41] VAT
[1:04:41] nanghihingi
[1:04:42] ka po
[1:04:43] ng
[1:04:43] resibo.
[1:04:43] So it's
[1:04:44] like a
[1:04:45] self-enforcing
[1:04:46] thing
[1:04:47] for the
[1:04:48] businesses
[1:04:48] so that
[1:04:49] there's
[1:04:50] an
[1:04:50] incentive
[1:04:50] to
[1:04:50] actually
[1:04:51] issue
[1:04:51] receipts
[1:04:52] because
[1:04:52] you can
[1:04:52] claim
[1:04:53] your
[1:04:53] input
[1:04:54] if
[1:04:54] you
[1:04:54] have
[1:04:55] an
[1:04:55] output.
[1:04:55] At
[1:04:56] the
[1:04:56] same
[1:04:57] time
[1:04:57] again
[1:04:57] ito
[1:04:58] which
[1:04:59] I
[1:04:59] will
[1:04:59] not
[1:05:00] discuss
[1:05:00] anymore.
[1:05:01] And
[1:05:01] then
[1:05:01] finally
[1:05:02] the
[1:05:03] last
[1:05:03] slide
[1:05:03] there
[1:05:04] was
[1:05:04] a
[1:05:04] study
[1:05:05] made
[1:05:05] by
[1:05:05] NEDA
[1:05:06] in
[1:05:06] 2015
[1:05:07] on
[1:05:07] the
[1:05:08] impact
[1:05:08] of
[1:05:08] VAT
[1:05:09] exemption
[1:05:10] on
[1:05:10] electricity
[1:05:11] to
[1:05:11] the
[1:05:11] economy.
[1:05:12] And
[1:05:12] they
[1:05:12] found
[1:05:13] that
[1:05:13] the
[1:05:13] net
[1:05:13] impact
[1:05:14] which
[1:05:14] is
[1:05:14] a
[1:05:14] net
[1:05:15] cost
[1:05:15] is
[1:05:16] a
[1:05:16] 0.52
[1:05:17] percentage
[1:05:17] point
[1:05:18] reduction
[1:05:18] in
[1:05:19] real
[1:05:20] GDP.
[1:05:22] That's
[1:05:23] the
[1:05:23] last
[1:05:23] slide
[1:05:23] of
[1:05:23] my
[1:05:24] presentation.
[1:05:24] Madam
[1:05:25] Chair
[1:05:26] on
[1:05:26] the
[1:05:26] question
[1:05:27] of
[1:05:27] Senator
[1:05:27] Loren
[1:05:28] Unfortunately
[1:05:29] the
[1:05:30] systems
[1:05:31] loss
[1:05:31] is
[1:05:31] part
[1:05:31] of
[1:05:32] the
[1:05:32] gross
[1:05:32] receipts
[1:05:33] so
[1:05:33] if
[1:05:33] it's
[1:05:33] part
[1:05:34] of
[1:05:34] the
[1:05:34] gross
[1:05:34] receipts
[1:05:35] it's
[1:05:35] subject
[1:05:36] to
[1:05:36] section
[1:05:38] 108
[1:05:39] of
[1:05:39] the
[1:05:39] NIRC.
[1:05:42] I
[1:05:44] note
[1:05:44] that
[1:05:44] in
[1:05:45] 2024
[1:05:45] the
[1:05:48] Bureau of
[1:05:49] Internal
[1:05:49] Revenue
[1:05:50] had already
[1:05:51] stopped
[1:05:51] collecting
[1:05:52] the
[1:05:53] VAT
[1:05:54] on
[1:05:55] UCME.
[1:05:56] when
[1:05:57] previously
[1:05:57] it
[1:05:57] was
[1:05:58] collecting
[1:05:58] just
[1:05:59] like
[1:05:59] systems
[1:05:59] laws
[1:06:00] now
[1:06:00] and
[1:06:01] sinasabi
[1:06:02] po
[1:06:02] nila
[1:06:02] na
[1:06:02] hindi
[1:06:03] kaya
[1:06:03] pero
[1:06:04] sumunod
[1:06:05] 2024
[1:06:06] just
[1:06:07] kindly
[1:06:08] correct
[1:06:08] the
[1:06:08] information
[1:06:09] if
[1:06:09] this
[1:06:09] is
[1:06:09] accurate
[1:06:10] thank
[1:06:10] you
[1:06:11] I
[1:06:11] could
[1:06:12] have
[1:06:12] third
[1:06:12] on
[1:06:12] for
[1:06:12] senator
[1:06:13] I
[1:06:14] yes
[1:06:14] but
[1:06:14] because
[1:06:15] of
[1:06:15] RMC
[1:06:15] 116
[1:06:16] 2024
[1:06:17] the
[1:06:18] universal
[1:06:18] charge
[1:06:18] was
[1:06:19] exempted
[1:06:20] for the
[1:06:20] payment
[1:06:20] of
[1:06:21] VAT
[1:06:21] because
[1:06:21] it's
[1:06:21] already
[1:06:22] a
[1:06:22] government
[1:06:22] mandated
[1:06:23] charges
[1:06:23] so
[1:06:24] therefore
[1:06:24] because
[1:06:25] the
[1:06:26] universal
[1:06:27] charges
[1:06:27] was
[1:06:28] remitted
[1:06:28] to
[1:06:29] the
[1:06:29] PISAM
[1:06:29] which
[1:06:30] in
[1:06:30] the
[1:06:30] PISAM
[1:06:30] will
[1:06:31] be
[1:06:31] the
[1:06:31] one
[1:06:31] to
[1:06:32] distribute
[1:06:32] the
[1:06:33] universal
[1:06:33] charges
[1:06:34] Ibig
[1:06:35] ko
[1:06:41] cost
[1:06:42] the
[1:06:43] consumers
[1:06:44] ginawa na yan
[1:06:45] ng
[1:06:46] DIR
[1:06:46] sa
[1:06:47] UCME
[1:06:47] tapos
[1:06:48] I just
[1:06:48] take note
[1:06:49] on the
[1:06:49] example
[1:06:50] raised by
[1:06:51] the
[1:06:51] DOF
[1:06:52] pag
[1:06:53] tanggalin
[1:06:54] ang VAT
[1:06:55] o iba ba
[1:06:55] ang VAT
[1:06:56] mawawala
[1:06:56] ng subsidy
[1:06:57] ang SUC
[1:06:58] ah
[1:06:58] hindi po
[1:06:59] appos and up
[1:07:00] it's a general
[1:07:01] pool
[1:07:01] in our GA
[1:07:02] so
[1:07:02] for those
[1:07:04] who do not
[1:07:04] understand the
[1:07:05] budget
[1:07:05] and that's
[1:07:06] not
[1:07:06] those in
[1:07:06] the room
[1:07:07] those who
[1:07:07] are watching
[1:07:08] ah
[1:07:09] ganun ba
[1:07:09] wag natin
[1:07:10] i-mislead
[1:07:11] sasabihin
[1:07:12] natin
[1:07:12] ehemplo
[1:07:13] ito
[1:07:14] pwede mo rin
[1:07:15] sabihin
[1:07:15] kung maging
[1:07:16] systematic
[1:07:17] efficient
[1:07:18] at
[1:07:19] bawasan
[1:07:20] o tanggalin
[1:07:21] ang katiwalian
[1:07:22] korupsyon
[1:07:22] ay
[1:07:23] kaya natin
[1:07:24] na walang
[1:07:25] epekto
[1:07:26] sa taong bayan
[1:07:27] wag nyo sabihin
[1:07:28] pag walang VAT
[1:07:29] walang SUC
[1:07:30] pag walang VAT
[1:07:31] walang tulong
[1:07:33] sa DOH
[1:07:34] hindi naman
[1:07:34] naka-airmark
[1:07:35] ang VAT
[1:07:36] para sa edukasyon
[1:07:37] at para sa kalusugan
[1:07:39] eh
[1:07:39] iklaro natin
[1:07:40] ganun
[1:07:40] kasi yung example
[1:07:41] nyo
[1:07:41] hinan-pick nyo
[1:07:42] yung maintindihan
[1:07:43] ng tao
[1:07:44] eh
[1:07:45] 6 billion
[1:07:45] eh
[1:07:47] magkano ba
[1:07:48] yung
[1:07:48] ninanakaw
[1:07:49] sa gobyerno
[1:07:50] o nawawala
[1:07:51] sa inefficiency
[1:07:52] okay
[1:07:54] so just
[1:07:54] I just wanted
[1:07:55] that pointed out
[1:07:56] you don't have to answer
[1:07:57] because I'm sure
[1:07:58] my statement
[1:07:59] is accurate
[1:08:00] because that is not
[1:08:01] that is not
[1:08:02] earmarked
[1:08:02] for education
[1:08:03] and for health
[1:08:04] thank you
[1:08:05] madam chair
[1:08:06] initial reaction
[1:08:09] initial reaction
[1:08:09] lang sa presentation
[1:08:10] ng DOH
[1:08:11] kasi kanina
[1:08:12] sinabi mo
[1:08:13] yung mga figures
[1:08:14] ng ASEAN
[1:08:15] pero alam mo ba
[1:08:17] na
[1:08:17] ang per kilowatt hour
[1:08:20] ng electricity
[1:08:21] sa Indonesia
[1:08:23] is
[1:08:23] 91 US cents
[1:08:26] sa Malaysia
[1:08:29] 50 US cents
[1:08:30] sa Thailand
[1:08:32] 12 or 13 cents
[1:08:38] US
[1:08:39] sa Pilipinas
[1:08:41] 29 cents
[1:08:43] 21 cents
[1:08:44] so ibig sabihin
[1:08:45] tayo pa rin
[1:08:47] ang pinakamataas
[1:08:47] tama
[1:08:48] okay
[1:08:49] sa Indonesia
[1:08:51] sinasubsidize nila
[1:08:54] ang electricity
[1:08:55] ang subsidy nila
[1:08:57] is 11.1 billion pesos
[1:08:59] sa Malaysia
[1:09:01] 2.8 billion pesos
[1:09:04] sa Thailand
[1:09:06] 1.8 billion pesos
[1:09:08] sa Pilipinas
[1:09:11] magkano
[1:09:13] can you
[1:09:15] can you tell us
[1:09:15] it's practically zero
[1:09:19] tama
[1:09:20] so do not begin
[1:09:22] by comparing with this
[1:09:23] kasi ang pinag-uusapan natin
[1:09:25] tayo pa rin
[1:09:26] ang pinakamataas
[1:09:27] ang electricidad
[1:09:28] dito sa Asia
[1:09:28] and that runs counter
[1:09:31] to the very objective
[1:09:32] of EPIRA
[1:09:32] hindi ba
[1:09:34] sabi ng EPIRA
[1:09:35] section 2
[1:09:37] the declaration of objectives
[1:09:39] ito sabi
[1:09:40] to ensure the delivery
[1:09:43] of equitable
[1:09:44] secure
[1:09:47] quality
[1:09:48] reliable
[1:09:49] and affordable
[1:09:51] rates of electricity
[1:09:52] how do you counter
[1:09:54] the law's
[1:09:55] primary objective
[1:09:57] of giving out
[1:09:59] to the consumers
[1:10:00] affordable rates
[1:10:01] of electricity
[1:10:02] kung titignan mo po
[1:10:04] subsection F
[1:10:05] ano sinasabi ron
[1:10:06] kasi kailangan natin
[1:10:08] maging competitive
[1:10:10] in the world market
[1:10:11] kailangan ng business
[1:10:13] sabi niya
[1:10:13] you draw your attention
[1:10:15] to the
[1:10:15] section 2
[1:10:17] of EPIRA
[1:10:17] paano magiging
[1:10:19] competitive
[1:10:22] ang presyo mo
[1:10:23] pagkata sinasabi mo
[1:10:25] yung negative
[1:10:26] impact
[1:10:27] ng alisin ng
[1:10:27] bat
[1:10:28] bla bla bla
[1:10:28] dun ka nagkoconcentrate
[1:10:31] lang eh
[1:10:32] Madam Chair
[1:10:32] did you ever
[1:10:34] compute or made
[1:10:35] a simulation
[1:10:36] make a simulation
[1:10:38] as to
[1:10:38] for example
[1:10:40] nung bumaba
[1:10:40] yung bat
[1:10:41] na electricity
[1:10:41] how much
[1:10:43] will that be
[1:10:44] on the production
[1:10:44] cost of
[1:10:45] every business
[1:10:46] in this country
[1:10:47] have you resorted
[1:10:49] just to a
[1:10:50] crude
[1:10:51] simulation
[1:10:53] Mr. Chair
[1:10:55] hindi meron na kayo
[1:10:56] on that wala pa po
[1:10:57] that is the whole problem
[1:10:59] because you present
[1:11:00] to us
[1:11:00] only one side
[1:11:01] of the issue
[1:11:02] what if I tell you
[1:11:04] na kahit na
[1:11:05] hindi ako economist
[1:11:06] na katulad mo
[1:11:07] I am in a position
[1:11:08] to present to you
[1:11:09] a simulation
[1:11:09] kasi dapat yun
[1:11:12] natingnan ninyo
[1:11:12] how much
[1:11:13] it is for the
[1:11:14] business sector
[1:11:15] imagine mo
[1:11:16] for example
[1:11:16] a company
[1:11:18] which production
[1:11:19] cost is something
[1:11:20] like 50%
[1:11:21] or 60%
[1:11:23] halimbawa
[1:11:23] madam chair
[1:11:25] yung gumagawa
[1:11:26] ng yelo
[1:11:26] ang production
[1:11:29] cost nya
[1:11:30] is 70%
[1:11:31] sabihin mo sa kanya
[1:11:32] ibababa na
[1:11:33] alisin natin
[1:11:34] ng 12%
[1:11:34] but
[1:11:35] gaano
[1:11:36] madam chair
[1:11:37] ang iikot
[1:11:38] ng ekonomiya mo
[1:11:39] wala kayong simulation
[1:11:42] tingnan mo
[1:11:43] ang nangyari
[1:11:44] madam chair
[1:11:44] first quarter growth
[1:11:46] ng ating bansa
[1:11:47] is 2.8%
[1:11:48] this is the lowest
[1:11:49] in the entire history
[1:11:50] of this country
[1:11:52] may hindi nyo
[1:11:53] napapagalaw
[1:11:53] kung ano
[1:11:54] paano gagalaw
[1:11:55] ang economic engine
[1:11:56] kaya tayo
[1:11:57] nag-iisip lahat
[1:11:58] sana ng paraan
[1:11:59] you have not even
[1:12:00] do any simulation
[1:12:07] ilang beses
[1:12:09] kaya ang iikot
[1:12:10] ang ekonomiya natin
[1:12:10] baka
[1:12:11] anong malay mo
[1:12:12] yung 2.8%
[1:12:15] natin
[1:12:15] dapat siguro
[1:12:16] 8.2%
[1:12:17] yun eh
[1:12:17] baka for the first time
[1:12:19] madam chair
[1:12:20] ang growth natin
[1:12:21] is 10%
[1:12:22] na hindi pa natin
[1:12:23] nagagawa
[1:12:24] sa buong buhay natin
[1:12:26] because
[1:12:26] ang laki yata
[1:12:28] ng kaugnayan
[1:12:28] ng tax
[1:12:29] I made
[1:12:30] an initial simulation
[1:12:32] the relationship
[1:12:33] of taxes
[1:12:34] to the gross value added
[1:12:36] and the relation
[1:12:38] of taxes
[1:12:38] meron siyang
[1:12:40] direct correlation
[1:12:41] with export
[1:12:42] I'm not finished
[1:12:44] with my simulation
[1:12:45] but initially
[1:12:46] kailangan natin
[1:12:48] mag experiment
[1:12:48] at saka
[1:12:50] yung mawawala
[1:12:52] sa atin
[1:12:52] ang estimate ko
[1:12:53] is about
[1:12:53] 150 billion pesos
[1:12:55] sa natin kukunin
[1:12:57] I have
[1:12:57] ways to do this
[1:12:59] in proper time
[1:13:01] I will show you how
[1:13:02] thank you madam chair
[1:13:03] do you want to respond
[1:13:08] madam chair
[1:13:10] on the effect
[1:13:12] of the VAT
[1:13:13] exemption
[1:13:13] to businesses
[1:13:14] it was mentioned
[1:13:16] in slide 13
[1:13:17] it will actually
[1:13:18] make their
[1:13:19] operational cost
[1:13:20] higher
[1:13:20] because
[1:13:22] one
[1:13:22] they are
[1:13:24] unrecoverable
[1:13:25] input VAT
[1:13:26] that will now
[1:13:27] form part
[1:13:27] of the electricity
[1:13:28] price
[1:13:29] doon sa businesses
[1:13:31] since
[1:13:32] wala nga pong
[1:13:32] input
[1:13:33] yung electricity
[1:13:34] they cannot
[1:13:35] claim input
[1:13:36] VAT
[1:13:36] to the electricity
[1:13:37] nila po
[1:13:38] mismo
[1:13:39] present your
[1:13:40] simulation
[1:13:41] I'll present mine
[1:13:42] also
[1:13:42] in proper time
[1:13:43] this is consistent
[1:13:46] with the study
[1:13:46] of IMF
[1:13:47] and World Bank
[1:13:48] on that basic
[1:13:50] thing that you're saying
[1:13:51] naintindihan ko yun
[1:13:51] any businessman
[1:13:52] will understand that
[1:13:53] pag hindi mo
[1:13:54] mababawi yung
[1:13:54] input and output
[1:13:57] ikaw gagastos
[1:13:58] doon
[1:13:58] so yung mga
[1:13:59] kunyari
[1:13:59] ito na lang
[1:13:59] example
[1:14:00] pagka yung
[1:14:01] nag-import ka
[1:14:03] ng
[1:14:03] nag-import ka
[1:14:06] hindi ka nagbayad
[1:14:07] ng VAT mo doon
[1:14:08] maraming ganon
[1:14:08] di ba
[1:14:09] yung
[1:14:10] ang patawag doon
[1:14:11] yung import
[1:14:12] smuggle
[1:14:16] you smuggle it
[1:14:17] so wala ka
[1:14:18] so
[1:14:18] later on
[1:14:20] pagbenta mo
[1:14:20] wala kang
[1:14:21] counterpart na
[1:14:23] input VAT
[1:14:25] na mababawit
[1:14:26] I think that's what
[1:14:26] you're saying
[1:14:27] you're not
[1:14:27] disagreeing with
[1:14:28] the senator
[1:14:29] but you're just
[1:14:30] pointing out
[1:14:30] that that's basic
[1:14:31] in the
[1:14:32] the way the
[1:14:33] input and output
[1:14:34] VAT works
[1:14:35] most businessmen
[1:14:37] understand that
[1:14:38] kasi they'll say
[1:14:39] wala tayong input
[1:14:40] dyan
[1:14:40] makabili kami
[1:14:41] sa ng murang
[1:14:41] may mag-offer
[1:14:42] sa ng murang
[1:14:43] materials
[1:14:44] murang
[1:14:45] raw materials
[1:14:47] pero
[1:14:48] under the table
[1:14:50] or smuggled
[1:14:50] so wala kang
[1:14:51] input VAT
[1:14:53] na mababawi
[1:14:54] later on
[1:14:55] anyway
[1:14:55] let's leave it
[1:14:56] mahaba at madugo
[1:14:57] itong diskusyon na ito
[1:14:59] yes
[1:15:00] okay
[1:15:00] time
[1:15:01] and then
[1:15:02] yes
[1:15:02] thank you
[1:15:03] people
[1:15:03] that have to speak
[1:15:04] in line with what you said
[1:15:05] mahirap talaga yung
[1:15:07] input output
[1:15:08] what is the effect
[1:15:09] of just zero rating
[1:15:10] instead of exempting
[1:15:12] binanggit ni Madam Chair
[1:15:13] yung iba nga
[1:15:14] so i-zero rate natin
[1:15:16] ng systems loss
[1:15:17] o di hindi kayo mahirapan
[1:15:18] sa input output
[1:15:19] Madam Chair
[1:15:20] for the revenue
[1:15:21] it will be higher
[1:15:22] it's around
[1:15:23] 158 billion
[1:15:24] per year
[1:15:25] for the businesses
[1:15:27] it will be neutral
[1:15:28] wala pong impact
[1:15:29] sa cost of
[1:15:30] businesses nila yun
[1:15:31] kasi nga po
[1:15:32] since wala ng output
[1:15:33] and then wala din namang input
[1:15:35] so
[1:15:35] cost neutral po yan
[1:15:36] for businesses
[1:15:37] yung
[1:15:37] VAT zero rating
[1:15:39] for businesses
[1:15:40] for the consumers
[1:15:44] for consumers
[1:15:45] assuming po
[1:15:46] na complete price
[1:15:47] pass through
[1:15:48] pwede pong bumaba
[1:15:50] walang epekto
[1:15:52] sa business
[1:15:53] anong pwedeng bumaba
[1:15:54] syempre
[1:15:55] bababa
[1:15:55] pag magtatanggal ka
[1:15:56] ng buis
[1:15:57] oo
[1:15:57] bababa
[1:15:58] mas iba konti
[1:15:59] bababa
[1:16:00] tapos wala naman
[1:16:01] epekto sa business
[1:16:02] so pwedeng zero rated
[1:16:03] diba
[1:16:03] at syaka
[1:16:05] yun nga yung puntos
[1:16:06] e
[1:16:07] nagtatanggal na kayo
[1:16:09] ng VAT
[1:16:09] sa
[1:16:10] UC
[1:16:12] UCME
[1:16:13] e
[1:16:13] so yung
[1:16:14] dadagdagan ko
[1:16:15] yung lifeline
[1:16:16] yung senior citizens
[1:16:17] na vina VAT
[1:16:18] ninyo
[1:16:19] pwede naman tanggalin
[1:16:20] kasi
[1:16:21] it's the same principle
[1:16:22] as UCME
[1:16:23] pero sabi nga ni Chair
[1:16:24] o sige magpresent sa iba
[1:16:25] yun ang puntos ko
[1:16:27] pwede
[1:16:27] ginawa ng BIR
[1:16:29] ng 2024
[1:16:30] thank you
[1:16:31] crisis talaga
[1:16:37] maski counting bawas lang
[1:16:39] malaking bagay
[1:16:40] at ginawa na nga
[1:16:41] ng BIR
[1:16:42] ng 2024
[1:16:45] so ang UC
[1:16:46] at lifeline
[1:16:48] at senior citizens
[1:16:48] pwede systems laws
[1:16:49] similar in principle
[1:16:51] that's just my point
[1:16:52] sige let's move on
[1:16:56] we have
[1:16:56] 30 minutes
[1:16:57] and so many resource persons
[1:16:59] to call on
[1:17:00] I'll call on
[1:17:02] Meralco
[1:17:02] attorney
[1:17:03] attorney Valles
[1:17:04] you have the floor sir
[1:17:06] and then please be ready
[1:17:07] Philippine independent
[1:17:09] power producers
[1:17:10] association
[1:17:11] thank you
[1:17:13] madam chair
[1:17:14] good afternoon
[1:17:16] to all the members
[1:17:17] of the senate
[1:17:18] we first of all
[1:17:20] we'd like to thank
[1:17:21] the community
[1:17:21] for this opportunity
[1:17:22] to explain
[1:17:23] Meralco's position
[1:17:24] and
[1:17:24] just for emphasis
[1:17:26] we are supporting
[1:17:27] all the measures
[1:17:28] that are intended
[1:17:30] to reduce the cost
[1:17:31] of electricity
[1:17:32] to our end users
[1:17:33] I hope
[1:17:36] plan that
[1:17:36] we can review
[1:17:37] all the components
[1:17:38] of the bill
[1:17:38] and determine
[1:17:39] if there are issues
[1:17:40] on each of them
[1:17:42] so that
[1:17:43] 100% of the benefit
[1:17:44] will really
[1:17:45] go to the consumers
[1:17:46] and that
[1:17:48] for the information
[1:17:50] of the
[1:17:51] committee
[1:17:52] we have already
[1:17:53] submitted
[1:17:53] our responses
[1:17:55] to the initial
[1:17:56] set of questions
[1:17:57] that were
[1:17:57] given to us
[1:17:58] and we are asking
[1:18:00] the committee
[1:18:01] for the opportunity
[1:18:01] to submit
[1:18:02] in more details
[1:18:04] the additional
[1:18:04] comments
[1:18:06] that we have
[1:18:06] on all the bills
[1:18:07] but on two points
[1:18:10] only
[1:18:10] first on the
[1:18:11] value added tax
[1:18:13] on the value added tax
[1:18:14] as correctly
[1:18:15] pointed out earlier
[1:18:17] assuming that
[1:18:19] may bad example
[1:18:22] of the electricity
[1:18:25] then there will be
[1:18:27] an input tax
[1:18:28] that we will not
[1:18:29] be able to charge
[1:18:30] or to upset
[1:18:31] against the output tax
[1:18:32] so tama po
[1:18:33] yung suggestion
[1:18:34] kanina
[1:18:35] and we support
[1:18:35] that
[1:18:36] na instead of
[1:18:37] VAT exempt
[1:18:37] dapat zero rated
[1:18:38] so that
[1:18:39] the entire benefit
[1:18:41] will accrue
[1:18:42] to the consumers
[1:18:42] and then
[1:18:44] on the second point
[1:18:45] on the system law
[1:18:46] sabi po
[1:18:47] na ipaliwanag po
[1:18:48] kanina
[1:18:49] ng Energy Regulatory
[1:18:50] Commission
[1:18:51] at sumasangayon kami
[1:18:52] doon
[1:18:53] ang
[1:18:53] system laws
[1:18:56] ay talaga po
[1:18:56] sa totoo lang
[1:18:57] yan po
[1:18:58] ay parte
[1:18:59] ng generation
[1:18:59] cost
[1:19:01] mga generation
[1:19:03] companies
[1:19:04] so
[1:19:05] ang
[1:19:07] system
[1:19:09] loss po
[1:19:10] kung
[1:19:11] hindi natin
[1:19:12] papayagang
[1:19:13] ma-recover
[1:19:13] sa consumers
[1:19:15] malaki po
[1:19:16] ang impact
[1:19:16] yan
[1:19:17] sa mga
[1:19:18] distribution utilities
[1:19:19] kung distribution
[1:19:20] utilities po
[1:19:21] ang mag-aabsorb
[1:19:22] ng system
[1:19:23] loss
[1:19:23] bidindicap
[1:19:25] kung hindi po
[1:19:26] yan pa
[1:19:26] i-recover
[1:19:27] sa mga
[1:19:28] distribution utilities
[1:19:29] hindi rin po
[1:19:30] yan mababayaran
[1:19:31] ng mga
[1:19:31] distribution utilities
[1:19:32] sa generation
[1:19:33] companies
[1:19:34] sa kanila
[1:19:35] naman talaga
[1:19:36] ang
[1:19:37] part naman talaga
[1:19:38] ng generation
[1:19:39] cost
[1:19:40] ang system
[1:19:40] loss
[1:19:41] so
[1:19:42] pag hindi po
[1:19:43] yan nabayaran
[1:19:44] sa generation
[1:19:45] companies
[1:19:46] gagawin din lang
[1:19:47] nilang parte
[1:19:47] ng presyo
[1:19:49] ng kuryente
[1:19:50] nila
[1:19:51] ang system
[1:19:52] loss
[1:19:52] so tataas din po
[1:19:53] ang presyo
[1:19:54] ng kuryente
[1:19:54] natin
[1:19:55] hindi lang po
[1:19:56] natin alam
[1:19:57] kung mag-o-obset
[1:19:58] yung dagdag
[1:19:59] na yun
[1:19:59] sa kabawasan
[1:20:00] sa tatanggalin
[1:20:01] ng system
[1:20:02] loss
[1:20:02] so sana po
[1:20:03] mapag-aralan
[1:20:04] natin yun
[1:20:05] kung ang
[1:20:06] distribution utilities
[1:20:07] naman po
[1:20:07] ay mapipilitan
[1:20:08] na
[1:20:09] mag-absorb
[1:20:12] ng system
[1:20:12] loss
[1:20:13] as part of
[1:20:14] the distribution
[1:20:15] utilities
[1:20:16] business
[1:20:16] risk
[1:20:17] sana po
[1:20:18] makunawaan
[1:20:18] din natin
[1:20:19] na
[1:20:20] ang distribution
[1:20:21] utilities
[1:20:21] gaya po
[1:20:22] ng ibang
[1:20:22] negosyo
[1:20:23] ay
[1:20:24] maging invest
[1:20:25] para
[1:20:26] mabawasan
[1:20:27] ang risk
[1:20:27] na yan
[1:20:27] at yung
[1:20:28] investment
[1:20:29] at yung cost
[1:20:30] ng investment
[1:20:30] na yan
[1:20:30] ay malaki
[1:20:31] din po
[1:20:31] so
[1:20:32] for every
[1:20:33] 1 percentage
[1:20:34] reduction
[1:20:36] in a
[1:20:36] non-technical
[1:20:37] loss
[1:20:37] that's about
[1:20:38] 13 billion
[1:20:39] so estimated
[1:20:39] namin
[1:20:40] 13 billion
[1:20:41] annually
[1:20:42] na additional
[1:20:42] cost
[1:20:43] so
[1:20:43] dapat po
[1:20:44] sabi nga po
[1:20:45] dun sa slide
[1:20:45] kanina
[1:20:46] ng Energy
[1:20:46] Regulatory
[1:20:47] Commission
[1:20:47] dapat may
[1:20:48] timbang
[1:20:49] natin
[1:20:49] kung makakabuti
[1:20:50] ba talaga
[1:20:51] na tanggalin
[1:20:52] yung system
[1:20:52] loss
[1:20:53] pero magtataas
[1:20:54] naman
[1:20:54] ang gastusin
[1:20:55] ng mga utility
[1:20:56] na i-apply
[1:20:57] nila
[1:20:57] as part
[1:20:58] ng kanilang
[1:20:59] rate
[1:20:59] ganoon din po
[1:21:01] kung ipapasa
[1:21:01] ito sa
[1:21:02] generation
[1:21:02] companies
[1:21:03] itataas
[1:21:03] din nila
[1:21:04] ang cost
[1:21:04] ng kanilang
[1:21:05] generation
[1:21:05] at ipapasa
[1:21:08] din nila
[1:21:08] sa mga utilities
[1:21:09] at sa mga
[1:21:10] eventually
[1:21:11] sa end users
[1:21:11] sana po
[1:21:12] ma-way
[1:21:14] natin
[1:21:15] ng mabuti
[1:21:15] yun lamang po
[1:21:17] madam chair
[1:21:18] thank you
[1:21:19] thank you
[1:21:30] we'll need you
[1:21:32] for many
[1:21:33] more
[1:21:34] discussions
[1:21:35] but thank you
[1:21:36] for focusing
[1:21:37] on that
[1:21:37] for now
[1:21:38] thank you
[1:21:38] let's go
[1:21:39] now to
[1:21:40] pipa
[1:21:41] attorney
[1:21:41] diane
[1:21:41] ui
[1:21:42] you have
[1:21:42] the floor
[1:21:43] and then
[1:21:43] please be ready
[1:21:44] all the others
[1:21:45] we'll really
[1:21:46] try to maximize
[1:21:46] the time
[1:21:47] that we have
[1:21:47] good afternoon
[1:21:49] madam chair
[1:21:50] and to the rest
[1:21:50] of the participants
[1:21:51] of today's discussion
[1:21:52] we submitted
[1:21:54] a presentation
[1:21:55] to outline
[1:21:56] pipa's comments
[1:21:57] thank you
[1:22:03] so the comments
[1:22:05] and concerns
[1:22:05] of pipa
[1:22:06] on the proposed
[1:22:06] bills and resolutions
[1:22:08] may be summarized
[1:22:09] into five themes
[1:22:10] first
[1:22:11] on to slide four
[1:22:13] please
[1:22:13] first on the
[1:22:15] VAT exemption
[1:22:15] of electricity sales
[1:22:17] generally pipa
[1:22:19] supports the measures
[1:22:20] that reduce
[1:22:20] electricity costs
[1:22:21] for consumers
[1:22:22] provided that
[1:22:24] these measures
[1:22:24] are implemented
[1:22:25] in a way
[1:22:25] that is tax neutral
[1:22:27] administratively feasible
[1:22:28] and not
[1:22:29] non-disruptive
[1:22:31] to the energy sector
[1:22:32] in implementing
[1:22:34] these measures
[1:22:35] pipa respectfully
[1:22:36] submits
[1:22:36] that input
[1:22:37] VAT recovery
[1:22:38] of members
[1:22:38] of the energy sector
[1:22:39] must be protected
[1:22:41] the effect
[1:22:42] of non-recovery
[1:22:43] was also touched
[1:22:44] on by
[1:22:45] USEC Adriano
[1:22:46] or if the partial
[1:22:47] or full VAT
[1:22:48] exemption
[1:22:49] be proceeded with
[1:22:50] pipa further
[1:22:51] submits
[1:22:52] that the law
[1:22:52] should include
[1:22:53] a mechanism
[1:22:54] allowing generators
[1:22:55] to recover
[1:22:56] credit
[1:22:56] refund
[1:22:57] or otherwise
[1:22:58] neutralize
[1:22:59] input VAT
[1:23:00] attributable
[1:23:01] to electricity
[1:23:02] supply
[1:23:02] on the other
[1:23:04] hand
[1:23:04] existing contracts
[1:23:06] such as
[1:23:07] power supply
[1:23:07] agreements
[1:23:08] and western
[1:23:08] settlements
[1:23:09] arrangements
[1:23:10] and recovery
[1:23:11] ERC approved
[1:23:13] cost recovery
[1:23:14] must be preserved
[1:23:15] second
[1:23:17] slide six
[1:23:18] please
[1:23:19] on system
[1:23:19] loss
[1:23:20] pipa would like
[1:23:21] to emphasize
[1:23:22] that any
[1:23:22] system loss
[1:23:23] legislation
[1:23:24] should remain
[1:23:24] focused on
[1:23:25] DU performance
[1:23:26] and consumer
[1:23:27] billing
[1:23:28] and recommends
[1:23:29] that the
[1:23:29] proposed bills
[1:23:30] include clear
[1:23:31] non-impairment
[1:23:32] language
[1:23:32] and safeguards
[1:23:34] including
[1:23:35] ensuring that
[1:23:36] unrecoverable
[1:23:37] system losses
[1:23:38] are not shifted
[1:23:39] to generation
[1:23:39] companies
[1:23:40] or embedded
[1:23:41] generators
[1:23:42] third on
[1:23:44] reforms
[1:23:44] to electricity
[1:23:45] subsidies
[1:23:46] and taxation
[1:23:47] with respect
[1:23:48] to senate
[1:23:49] bill number
[1:23:50] 2112
[1:23:51] pipa agrees
[1:23:52] that greater
[1:23:52] government
[1:23:53] appropriations
[1:23:54] for lifeline
[1:23:55] subsidies
[1:23:55] is a positive
[1:23:56] step toward
[1:23:57] a more sustainable
[1:23:58] funding mechanism
[1:24:00] it also recommends
[1:24:02] conducting a
[1:24:03] comprehensive
[1:24:03] financial impact
[1:24:05] study to assess
[1:24:06] long-term
[1:24:07] implications
[1:24:08] slide nine
[1:24:09] please
[1:24:10] on senate
[1:24:11] resolution
[1:24:11] number
[1:24:11] 375
[1:24:12] pipa agrees
[1:24:14] with the
[1:24:14] policy shift
[1:24:15] since moving
[1:24:16] the funding
[1:24:16] of social
[1:24:17] subsidies
[1:24:18] from consumer
[1:24:19] electricity bills
[1:24:20] to the national
[1:24:21] budget
[1:24:22] will accurately
[1:24:23] reflect
[1:24:24] generation
[1:24:25] costs
[1:24:26] or true
[1:24:26] cost of
[1:24:27] power generation
[1:24:28] and lower
[1:24:29] the direct
[1:24:29] rates
[1:24:30] consumers
[1:24:30] pay to
[1:24:31] the energy
[1:24:32] sector
[1:24:32] on senate
[1:24:34] bill
[1:24:34] number
[1:24:35] 963
[1:24:37] or slide
[1:24:37] 10
[1:24:38] pipa
[1:24:39] supports
[1:24:39] clear tax
[1:24:40] treatment
[1:24:41] for pass
[1:24:42] through charges
[1:24:43] but recommends
[1:24:44] precise definitions
[1:24:46] and implementation
[1:24:47] guidelines to
[1:24:49] avoid disputes
[1:24:49] and compliance
[1:24:50] risks
[1:24:51] the last
[1:24:52] two
[1:24:53] year
[1:24:53] madam chair
[1:24:54] is on
[1:24:54] regulatory
[1:24:55] oversight
[1:24:56] and strategies
[1:24:57] against global
[1:24:58] energy pressures
[1:24:58] but I guess
[1:24:59] we can skim
[1:25:01] it over
[1:25:01] since we
[1:25:02] already submitted
[1:25:02] the presentation
[1:25:03] thank you
[1:25:04] madam chair
[1:25:04] that would be
[1:25:05] all for
[1:25:05] pipa
[1:25:05] thank you
[1:25:08] for taking
[1:25:08] time to
[1:25:09] comment
[1:25:09] give us
[1:25:10] general comments
[1:25:11] on all of
[1:25:11] those so we
[1:25:12] can digest
[1:25:12] it and then
[1:25:13] dissect it
[1:25:15] at a later
[1:25:15] time
[1:25:16] at this point
[1:25:17] I'd like
[1:25:18] to call
[1:25:19] on
[1:25:20] Nea
[1:25:21] attorney
[1:25:23] Rosanne
[1:25:24] Rosero
[1:25:24] you have
[1:25:24] the floor
[1:25:25] yes
[1:25:25] good afternoon
[1:25:26] madam chair
[1:25:28] let me go
[1:25:29] straight to
[1:25:30] the senate
[1:25:30] bills
[1:25:31] where
[1:25:32] we have
[1:25:33] some comments
[1:25:35] although in
[1:25:36] general we are
[1:25:37] in support
[1:25:38] of all the
[1:25:39] senate bills
[1:25:39] but let me
[1:25:40] just go
[1:25:40] through
[1:25:40] some of
[1:25:41] which we
[1:25:42] have
[1:25:42] specific
[1:25:42] comments
[1:25:43] very general
[1:25:43] because
[1:25:43] now is
[1:25:45] not the
[1:25:45] time
[1:25:45] to dissect
[1:25:46] because
[1:25:46] really the
[1:25:47] focus is
[1:25:47] on the
[1:25:48] electricity
[1:25:48] bill
[1:25:49] itself
[1:25:49] so if
[1:25:50] you have
[1:25:50] if you
[1:25:52] can highlight
[1:25:52] those
[1:25:53] items
[1:25:54] and then
[1:25:54] just
[1:25:55] general
[1:25:55] statements
[1:25:56] on
[1:25:56] VAT
[1:25:57] which is
[1:25:58] a major
[1:25:59] concern
[1:25:59] right now
[1:26:00] yes
[1:26:00] I will
[1:26:01] do that
[1:26:01] madam chair
[1:26:02] thank you
[1:26:02] now for
[1:26:03] senate
[1:26:03] bill
[1:26:04] number
[1:26:04] 61
[1:26:05] 266
[1:26:06] 496
[1:26:07] the
[1:26:09] national
[1:26:09] electrification
[1:26:10] you have
[1:26:10] to tell me
[1:26:11] what that
[1:26:11] is
[1:26:11] I don't
[1:26:12] memorize
[1:26:13] that
[1:26:13] 61
[1:26:15] refers to
[1:26:17] the
[1:26:17] not
[1:26:18] exempting
[1:26:18] electricity
[1:26:19] sales
[1:26:19] from
[1:26:19] value
[1:26:20] added
[1:26:20] tax
[1:26:20] this is
[1:26:21] the same
[1:26:22] with
[1:26:22] section
[1:26:22] 2
[1:26:23] senate
[1:26:24] bill
[1:26:24] 266
[1:26:26] you can
[1:26:27] just
[1:26:28] refer
[1:26:28] to
[1:26:28] the
[1:26:28] bills
[1:26:28] on
[1:26:29] VAT
[1:26:30] exemptions
[1:26:30] okay
[1:26:31] so
[1:26:31] these
[1:26:36] three
[1:26:36] bills
[1:26:37] that I
[1:26:37] mentioned
[1:26:37] refers
[1:26:38] to
[1:26:38] the
[1:26:38] VAT
[1:26:40] exemptions
[1:26:41] now
[1:26:41] the
[1:26:42] proposed
[1:26:42] exemption
[1:26:43] of
[1:26:43] electricity
[1:26:43] sales
[1:26:44] from
[1:26:44] VAT
[1:26:44] may
[1:26:45] result
[1:26:45] in
[1:26:45] lower
[1:26:45] electricity
[1:26:46] costs
[1:26:46] across
[1:26:47] consumer
[1:26:47] sectors
[1:26:48] including
[1:26:48] residential
[1:26:49] and
[1:26:50] industrial
[1:26:50] users
[1:26:51] based on
[1:26:51] sample rate
[1:26:52] analysis
[1:26:52] by an
[1:26:53] electric
[1:26:53] cooperative
[1:26:54] the
[1:26:55] removal
[1:26:55] of
[1:26:55] VAT
[1:26:56] may
[1:26:56] reduce
[1:26:57] electricity
[1:26:57] bills
[1:26:58] by
[1:26:58] approximately
[1:26:59] 9%
[1:27:00] to
[1:27:00] 10%
[1:27:01] depending
[1:27:01] on the
[1:27:02] applicable
[1:27:02] billing
[1:27:02] components
[1:27:03] this
[1:27:04] reduction
[1:27:05] may
[1:27:05] improve
[1:27:05] the
[1:27:06] affordability
[1:27:06] of
[1:27:07] electricity
[1:27:07] for
[1:27:08] households
[1:27:08] and
[1:27:09] may
[1:27:09] provide
[1:27:10] cost
[1:27:10] relief
[1:27:10] to
[1:27:11] commercial
[1:27:11] establishments
[1:27:12] and
[1:27:12] industrial
[1:27:13] users
[1:27:14] whose
[1:27:15] operations
[1:27:15] depend
[1:27:16] heavily
[1:27:16] on
[1:27:17] electricity
[1:27:17] but
[1:27:18] this
[1:27:18] is
[1:27:19] how
[1:27:19] this
[1:27:20] is
[1:27:20] now
[1:27:21] our
[1:27:21] proviso
[1:27:22] statement
[1:27:24] considering
[1:27:25] that we
[1:27:25] have
[1:27:26] gathered
[1:27:28] or required
[1:27:28] our
[1:27:29] electric
[1:27:29] cooperatives
[1:27:31] to comment
[1:27:31] on this
[1:27:32] bill
[1:27:32] before
[1:27:32] we have
[1:27:33] submitted
[1:27:33] just for
[1:27:34] the record
[1:27:35] Madam Chair
[1:27:35] we have
[1:27:35] already
[1:27:36] submitted
[1:27:36] a soft
[1:27:37] copy
[1:27:38] of this
[1:27:38] comment
[1:27:39] to
[1:27:40] the
[1:27:40] secretariat
[1:27:40] however
[1:27:42] Nea
[1:27:43] echoes
[1:27:43] the
[1:27:44] common
[1:27:44] sentiments
[1:27:45] of
[1:27:45] ECS
[1:27:46] that
[1:27:46] under
[1:27:46] the
[1:27:47] current
[1:27:47] VAT
[1:27:48] system
[1:27:48] electric
[1:27:49] cooperatives
[1:27:50] are able
[1:27:50] to
[1:27:51] offset
[1:27:51] input
[1:27:52] VAT
[1:27:52] from
[1:27:52] operational
[1:27:53] purchases
[1:27:54] against
[1:27:55] output
[1:27:55] VAT
[1:27:56] collected
[1:27:56] from
[1:27:57] electricity
[1:27:57] sales
[1:27:58] in the
[1:27:59] event
[1:27:59] that
[1:28:00] electricity
[1:28:00] sales
[1:28:01] become
[1:28:01] VAT
[1:28:02] exempt
[1:28:02] the
[1:28:03] ECS
[1:28:03] will no
[1:28:04] longer
[1:28:04] generate
[1:28:05] output
[1:28:05] VAT
[1:28:06] against
[1:28:06] which
[1:28:06] input
[1:28:07] VAT
[1:28:07] may be
[1:28:08] credited
[1:28:08] I would
[1:28:11] assume
[1:28:12] as
[1:28:13] the
[1:28:13] sentiment
[1:28:14] of
[1:28:14] the
[1:28:15] COPS
[1:28:15] I guess
[1:28:16] complements
[1:28:17] the
[1:28:17] presentation
[1:28:18] of
[1:28:19] USEC
[1:28:19] Adriano
[1:28:21] of the
[1:28:22] DOF
[1:28:22] while
[1:28:23] the
[1:28:23] generation
[1:28:24] and
[1:28:24] transmission
[1:28:25] charges
[1:28:25] may
[1:28:26] likewise
[1:28:26] become
[1:28:27] VAT
[1:28:27] exempt
[1:28:27] under
[1:28:28] the
[1:28:29] proposed
[1:28:29] measure
[1:28:30] the
[1:28:30] ECS
[1:28:30] will
[1:28:30] continue
[1:28:31] to
[1:28:31] incur
[1:28:31] input
[1:28:32] VAT
[1:28:32] on
[1:28:32] distribution
[1:28:33] related
[1:28:33] purchases
[1:28:34] operating
[1:28:34] expenses
[1:28:35] materials
[1:28:36] and
[1:28:36] maintenance
[1:28:37] services
[1:28:37] necessary
[1:28:38] for the
[1:28:38] operation
[1:28:39] and upkeep
[1:28:40] of the
[1:28:40] distribution
[1:28:40] system
[1:28:41] in
[1:28:42] the
[1:28:42] absence
[1:28:42] of
[1:28:43] output
[1:28:43] VAT
[1:28:43] these
[1:28:44] input
[1:28:45] VAT
[1:28:45] amounts
[1:28:45] may
[1:28:46] no
[1:28:46] longer
[1:28:46] be
[1:28:46] creditable
[1:28:47] and
[1:28:47] may
[1:28:47] have
[1:28:48] implications
[1:28:48] on
[1:28:49] its
[1:28:50] working
[1:28:50] capital
[1:28:50] requirements
[1:28:51] and
[1:28:51] financial
[1:28:52] management
[1:28:53] the
[1:28:54] proposed
[1:28:55] VAT
[1:28:55] exemption
[1:28:55] on
[1:28:56] electricity
[1:28:56] sales
[1:28:57] presents
[1:28:57] significant
[1:28:58] potential
[1:28:59] benefits
[1:28:59] for
[1:28:59] residential
[1:29:00] consumers
[1:29:01] and
[1:29:01] rural
[1:29:02] economic
[1:29:02] development
[1:29:03] particularly
[1:29:03] within
[1:29:04] electric
[1:29:05] cooperative
[1:29:05] service
[1:29:06] areas
[1:29:06] however
[1:29:07] careful
[1:29:08] design
[1:29:08] is
[1:29:09] necessary
[1:29:09] to
[1:29:09] address
[1:29:10] possible
[1:29:10] unintended
[1:29:11] consequences
[1:29:12] to
[1:29:13] mitigate
[1:29:13] risk
[1:29:14] it is
[1:29:15] respectfully
[1:29:15] submitted
[1:29:16] to
[1:29:16] consider
[1:29:17] allowing
[1:29:17] input
[1:29:18] recovery
[1:29:18] mechanisms
[1:29:19] for
[1:29:20] electric
[1:29:20] cooperatives
[1:29:21] or implement
[1:29:22] transitional
[1:29:22] tax
[1:29:23] policies
[1:29:23] for
[1:29:24] VAT
[1:29:25] registered
[1:29:25] taxpayers
[1:29:26] now
[1:29:28] for
[1:29:28] senate
[1:29:31] bill
[1:29:32] numbers
[1:29:34] then
[1:29:34] 8.3
[1:29:35] 12.37
[1:29:36] and
[1:29:37] 4.95
[1:29:37] which
[1:29:38] refers
[1:29:39] to
[1:29:39] institutionalizing
[1:29:41] the rules
[1:29:42] on system
[1:29:42] loss
[1:29:43] electric
[1:29:43] distribution
[1:29:44] utilities
[1:29:45] senate
[1:29:46] bill
[1:29:47] 4.95
[1:29:48] we are
[1:29:49] in support
[1:29:50] of said
[1:29:51] legislative
[1:29:52] measure
[1:29:53] which
[1:29:53] is
[1:29:54] a
[1:29:54] complement
[1:29:55] to
[1:29:55] senate
[1:29:55] bills
[1:29:56] number
[1:29:56] 10.83
[1:29:57] and
[1:29:58] 12.37
[1:29:59] for
[1:30:01] senate
[1:30:03] bill
[1:30:03] 14.70
[1:30:06] which
[1:30:06] is
[1:30:07] abolishing
[1:30:08] the
[1:30:08] collection
[1:30:08] of
[1:30:09] bill
[1:30:09] deposits
[1:30:10] by
[1:30:10] distribution
[1:30:11] utilities
[1:30:11] this
[1:30:13] might
[1:30:13] come
[1:30:13] a
[1:30:13] little
[1:30:13] bit
[1:30:14] complicated
[1:30:16] or
[1:30:17] might
[1:30:17] put
[1:30:18] some
[1:30:19] controversy
[1:30:21] but
[1:30:21] we are
[1:30:22] echoing
[1:30:23] the
[1:30:24] sentiment
[1:30:25] of the
[1:30:26] electric
[1:30:26] cooperatives
[1:30:27] on
[1:30:28] this
[1:30:28] comment
[1:30:29] the
[1:30:29] amendment
[1:30:30] of the
[1:30:30] Magna
[1:30:30] Carta
[1:30:31] for
[1:30:31] residential
[1:30:31] consumers
[1:30:32] and the
[1:30:32] abolition
[1:30:33] of
[1:30:33] collection
[1:30:33] of
[1:30:34] bill
[1:30:34] deposits
[1:30:34] by
[1:30:35] distribution
[1:30:35] utilities
[1:30:36] will be a
[1:30:37] welcome
[1:30:37] reprieve from
[1:30:38] additional
[1:30:39] financial burden
[1:30:40] for electricity
[1:30:40] consumers in the
[1:30:41] long run
[1:30:42] likewise
[1:30:43] likewise the
[1:30:43] proposed
[1:30:44] audit
[1:30:44] and refund
[1:30:45] of existing
[1:30:45] bill
[1:30:46] deposits
[1:30:46] will shed
[1:30:47] light
[1:30:47] to whether
[1:30:47] the
[1:30:48] collected
[1:30:48] bill
[1:30:48] deposits
[1:30:49] are used
[1:30:49] by
[1:30:50] deus
[1:30:50] for other
[1:30:51] purposes
[1:30:51] and or
[1:30:52] whether
[1:30:52] these are
[1:30:53] actually
[1:30:53] retained
[1:30:54] in a
[1:30:54] restricted
[1:30:54] account
[1:30:55] for
[1:30:55] eventual
[1:30:56] refund
[1:30:56] to
[1:30:56] eligible
[1:30:57] customers
[1:30:58] this
[1:30:59] measure
[1:30:59] will
[1:30:59] protect
[1:31:00] consumers
[1:31:00] from
[1:31:00] imposition
[1:31:01] of
[1:31:01] unnecessary
[1:31:02] charges
[1:31:03] as well
[1:31:03] as show
[1:31:04] transparency
[1:31:05] on the
[1:31:05] utilization
[1:31:06] of funds
[1:31:07] collected
[1:31:08] from
[1:31:08] electricity
[1:31:08] consumers
[1:31:09] however
[1:31:10] NAYA
[1:31:12] gives
[1:31:13] its
[1:31:13] specific
[1:31:13] comments
[1:31:15] in
[1:31:15] section
[1:31:15] 4
[1:31:16] of
[1:31:16] Senate
[1:31:16] bill
[1:31:17] on
[1:31:18] the
[1:31:18] prohibition
[1:31:18] against
[1:31:19] the
[1:31:19] collection
[1:31:19] of
[1:31:19] the
[1:31:20] bill
[1:31:20] deposits
[1:31:20] while
[1:31:21] the
[1:31:21] prohibition
[1:31:22] against
[1:31:23] bill
[1:31:23] deposit
[1:31:24] aims
[1:31:24] to
[1:31:24] reduce
[1:31:25] upfront
[1:31:25] cost
[1:31:25] to
[1:31:26] consumers
[1:31:26] bill
[1:31:26] deposits
[1:31:27] presently
[1:31:28] serve
[1:31:28] as
[1:31:28] recognized
[1:31:29] risk
[1:31:29] mitigation
[1:31:30] mechanism
[1:31:30] under
[1:31:31] existing
[1:31:32] ERC
[1:31:33] regulations
[1:31:34] for
[1:31:34] ECS
[1:31:35] bill
[1:31:36] deposits
[1:31:36] help
[1:31:37] address
[1:31:37] collection
[1:31:38] risk
[1:31:39] arising
[1:31:39] from
[1:31:39] unpaid
[1:31:40] accounts
[1:31:40] transient
[1:31:41] or
[1:31:42] high
[1:31:42] risk
[1:31:42] consumers
[1:31:43] reconnection
[1:31:44] after
[1:31:45] disconnection
[1:31:45] due
[1:31:46] to
[1:31:46] nonpayment
[1:31:46] and
[1:31:47] operational
[1:31:48] cash
[1:31:48] flow
[1:31:48] requirements
[1:31:49] necessary
[1:31:50] for
[1:31:50] power
[1:31:50] purchases
[1:31:51] and
[1:31:52] system
[1:31:52] maintenance
[1:31:53] it
[1:31:54] is
[1:31:54] the
[1:31:55] position
[1:31:55] or
[1:31:56] the
[1:31:56] sentiment
[1:31:56] of
[1:31:57] the
[1:31:57] electric
[1:31:57] cooperatives
[1:31:58] that
[1:31:58] we
[1:31:59] re-echo
[1:31:59] to
[1:31:59] this
[1:32:00] committee
[1:32:01] that
[1:32:02] the
[1:32:02] outright
[1:32:02] abolition
[1:32:03] of
[1:32:03] bill
[1:32:04] deposits
[1:32:04] may
[1:32:05] expose
[1:32:05] ECS
[1:32:05] to
[1:32:06] higher
[1:32:06] system
[1:32:06] loss
[1:32:07] from
[1:32:07] unpaid
[1:32:07] receivables
[1:32:08] and may
[1:32:09] adversely
[1:32:09] affect
[1:32:10] their
[1:32:11] capacity
[1:32:11] to
[1:32:11] meet
[1:32:12] obligations
[1:32:12] to
[1:32:13] power
[1:32:13] suppliers
[1:32:14] lenders
[1:32:15] and
[1:32:15] contractors
[1:32:16] to
[1:32:16] these
[1:32:16] it is
[1:32:18] suggested
[1:32:18] that
[1:32:20] the
[1:32:20] committee
[1:32:20] or
[1:32:21] the
[1:32:21] congress
[1:32:21] may
[1:32:22] consider
[1:32:22] limiting
[1:32:23] bill
[1:32:23] deposits
[1:32:24] only to
[1:32:25] high-risk
[1:32:25] or delinquent
[1:32:26] accounts
[1:32:27] capping
[1:32:28] the amount
[1:32:29] collectible
[1:32:31] allowing
[1:32:32] installment
[1:32:32] payment
[1:32:33] arrangements
[1:32:33] for
[1:32:33] deposits
[1:32:34] or
[1:32:34] exempting
[1:32:35] low-income
[1:32:36] or
[1:32:36] lifeline
[1:32:36] consumers
[1:32:37] on
[1:32:38] the
[1:32:38] mandatory
[1:32:39] refund
[1:32:39] of
[1:32:40] existing
[1:32:40] bill
[1:32:40] deposits
[1:32:41] as
[1:32:42] provided
[1:32:42] in
[1:32:43] section
[1:32:43] 5
[1:32:43] of
[1:32:44] said
[1:32:44] legislative
[1:32:45] measure
[1:32:45] the
[1:32:46] mandatory
[1:32:46] refund
[1:32:47] of
[1:32:47] all
[1:32:48] bill
[1:32:48] deposits
[1:32:48] within
[1:32:49] a
[1:32:49] fixed
[1:32:49] period
[1:32:50] may
[1:32:50] impose
[1:32:50] substantial
[1:32:51] financial
[1:32:52] strain
[1:32:52] on
[1:32:53] eases
[1:32:53] particularly
[1:32:53] those
[1:32:54] with
[1:32:55] limited
[1:32:55] liquidity
[1:32:57] on
[1:33:00] senate
[1:33:01] bill
[1:33:02] let me
[1:33:02] let me
[1:33:03] let me
[1:33:03] let me
[1:33:05] I need you
[1:33:05] to focus
[1:33:06] lang
[1:33:06] on
[1:33:07] yung
[1:33:07] electricity
[1:33:08] bill
[1:33:09] directly
[1:33:09] all of
[1:33:10] your
[1:33:10] comments
[1:33:10] are
[1:33:11] very
[1:33:11] well
[1:33:11] taken
[1:33:13] we need
[1:33:13] it
[1:33:14] but
[1:33:14] to
[1:33:15] manage
[1:33:15] the
[1:33:15] time
[1:33:16] that
[1:33:16] we
[1:33:16] have
[1:33:16] today
[1:33:17] I
[1:33:18] just
[1:33:18] like
[1:33:18] to
[1:33:18] have
[1:33:18] input
[1:33:19] on
[1:33:19] what
[1:33:20] directly
[1:33:20] contributes
[1:33:21] to
[1:33:21] the
[1:33:22] high
[1:33:22] electricity
[1:33:22] bill
[1:33:23] so
[1:33:23] like
[1:33:23] the
[1:33:23] VAT
[1:33:24] the
[1:33:24] other
[1:33:24] charges
[1:33:25] I
[1:33:26] took
[1:33:27] note
[1:33:27] of
[1:33:28] it
[1:33:28] but
[1:33:28] I
[1:33:29] can't
[1:33:29] dissect
[1:33:30] 14
[1:33:30] bills
[1:33:31] today
[1:33:31] is there
[1:33:34] anything
[1:33:34] else
[1:33:34] on
[1:33:35] the
[1:33:35] electricity
[1:33:36] bill
[1:33:37] anyway
[1:33:37] madam
[1:33:37] chair
[1:33:38] we've
[1:33:39] discussed
[1:33:39] in our
[1:33:40] comment
[1:33:42] position
[1:33:42] paper
[1:33:43] one by
[1:33:44] one
[1:33:44] the
[1:33:44] bill
[1:33:45] so
[1:33:45] probably
[1:33:46] it
[1:33:46] would
[1:33:47] be
[1:33:47] better
[1:33:47] if
[1:33:47] you
[1:33:48] submitted
[1:33:50] it
[1:33:50] today
[1:33:50] so
[1:33:50] I
[1:33:50] actually
[1:33:51] do
[1:33:51] not
[1:33:51] have
[1:33:51] a
[1:33:51] copy
[1:33:51] because
[1:33:52] the
[1:33:52] copies
[1:33:53] that
[1:33:53] I
[1:33:53] have
[1:33:53] were
[1:33:54] submitted
[1:33:54] earlier
[1:33:55] we
[1:33:55] submitted
[1:33:55] it
[1:33:56] a
[1:33:56] day
[1:33:56] before
[1:33:57] the
[1:33:57] initial
[1:33:57] hearing
[1:33:58] that
[1:33:58] was
[1:33:58] scheduled
[1:33:59] why
[1:34:00] I
[1:34:00] don't
[1:34:00] have
[1:34:00] a
[1:34:00] copy
[1:34:01] no
[1:34:01] so
[1:34:02] I
[1:34:03] don't
[1:34:03] know
[1:34:03] what
[1:34:03] happened
[1:34:03] anyway
[1:34:04] just
[1:34:04] check
[1:34:04] I'm
[1:34:04] just
[1:34:04] saying
[1:34:05] I
[1:34:05] can't
[1:34:06] react
[1:34:06] to it
[1:34:06] until
[1:34:07] I
[1:34:07] see it
[1:34:07] so
[1:34:07] thank
[1:34:07] you
[1:34:08] so
[1:34:08] much
[1:34:08] thank
[1:34:08] you
[1:34:08] and
[1:34:09] obviously
[1:34:10] you
[1:34:10] took
[1:34:10] a lot
[1:34:10] of
[1:34:10] time
[1:34:11] putting
[1:34:11] it
[1:34:11] together
[1:34:12] and
[1:34:12] it
[1:34:12] is
[1:34:12] much
[1:34:12] appreciated
[1:34:13] thank
[1:34:13] you
[1:34:13] we will
[1:34:14] just
[1:34:14] the
[1:34:14] same
[1:34:14] yes
[1:34:15] thank
[1:34:15] you
[1:34:16] give
[1:34:16] the
[1:34:17] secretariat
[1:34:17] or the
[1:34:18] copy
[1:34:18] so
[1:34:19] let
[1:34:20] me
[1:34:20] call
[1:34:20] now
[1:34:21] on
[1:34:21] National
[1:34:21] Grid
[1:34:22] Corporation
[1:34:22] that
[1:34:24] is
[1:34:24] Attorney
[1:34:25] Pia
[1:34:25] Zobel
[1:34:26] San Diego
[1:34:27] Deputy
[1:34:27] General
[1:34:27] Counsel
[1:34:28] and
[1:34:28] then
[1:34:28] after
[1:34:29] that
[1:34:29] please
[1:34:29] be
[1:34:30] ready
[1:34:30] DSWD
[1:34:31] Good
[1:34:34] afternoon
[1:34:35] Honorable
[1:34:36] Madam
[1:34:36] Chair
[1:34:37] Senator
[1:34:37] Pia
[1:34:38] Quintano
[1:34:38] and
[1:34:38] distinguished
[1:34:39] participants
[1:34:39] NGCP
[1:34:42] has already
[1:34:42] submitted
[1:34:43] its
[1:34:43] comment
[1:34:44] inputs
[1:34:44] and
[1:34:44] the
[1:34:44] data
[1:34:45] that
[1:34:46] the
[1:34:46] committee
[1:34:46] have
[1:34:46] requested
[1:34:47] prior
[1:34:47] to
[1:34:47] the
[1:34:48] P12
[1:34:48] hearing
[1:34:49] in
[1:34:50] summary
[1:34:50] specifically
[1:34:52] for the
[1:34:53] VAT
[1:34:53] removal
[1:34:53] on
[1:34:54] electricity
[1:34:54] NGCP
[1:34:56] supports
[1:34:56] the
[1:34:56] government
[1:34:57] objective
[1:34:57] of lowering
[1:34:58] electricity
[1:34:58] costs
[1:34:59] and
[1:34:59] providing
[1:34:59] relief
[1:35:00] to
[1:35:00] Filipino
[1:35:00] customers
[1:35:01] we
[1:35:02] recognize
[1:35:02] the
[1:35:03] importance
[1:35:03] of
[1:35:03] this
[1:35:03] measure
[1:35:04] that
[1:35:04] will
[1:35:04] help
[1:35:04] make
[1:35:05] electricity
[1:35:05] more
[1:35:05] affordable
[1:35:06] we
[1:35:08] respectfully
[1:35:08] clarify
[1:35:08] that
[1:35:09] the
[1:35:09] VAT
[1:35:09] included
[1:35:10] in
[1:35:10] the
[1:35:10] transmission
[1:35:10] services
[1:35:11] and
[1:35:12] other
[1:35:12] pass
[1:35:12] on
[1:35:12] charges
[1:35:13] are
[1:35:14] all
[1:35:14] mandated
[1:35:14] by
[1:35:15] existing
[1:35:15] tax
[1:35:16] laws
[1:35:16] and
[1:35:16] regulatory
[1:35:17] issuances
[1:35:17] NGCP
[1:35:18] merely
[1:35:19] collects
[1:35:19] and
[1:35:20] remits
[1:35:20] the
[1:35:20] VAT
[1:35:21] it
[1:35:21] collected
[1:35:21] from
[1:35:22] its
[1:35:22] customers
[1:35:22] For
[1:35:24] transmission
[1:35:24] services
[1:35:24] the
[1:35:25] VAT
[1:35:26] exemption
[1:35:26] will
[1:35:26] mean
[1:35:27] we
[1:35:27] are
[1:35:27] reverted
[1:35:28] to
[1:35:28] the
[1:35:28] practice
[1:35:29] of
[1:35:29] the
[1:35:29] pre-tain
[1:35:29] law
[1:35:30] which
[1:35:31] imposes
[1:35:32] VAT
[1:35:32] on
[1:35:32] transmission
[1:35:33] services
[1:35:33] with
[1:35:35] this
[1:35:35] since
[1:35:36] NGCP
[1:35:36] is a
[1:35:37] highly
[1:35:37] regulated
[1:35:37] entity
[1:35:39] any
[1:35:41] changes
[1:35:41] in the
[1:35:42] tax
[1:35:42] treatment
[1:35:42] of
[1:35:43] electricity
[1:35:43] specifically
[1:35:44] of the
[1:35:45] transmission
[1:35:45] services
[1:35:46] may also
[1:35:47] involve
[1:35:47] some
[1:35:48] regulatory
[1:35:48] matter
[1:35:49] thus
[1:35:49] we
[1:35:49] respectfully
[1:35:50] request
[1:35:51] ERC
[1:35:52] to issue
[1:35:53] the
[1:35:53] necessary
[1:35:54] mechanism
[1:35:55] to
[1:35:56] recognize
[1:35:57] the
[1:35:57] input
[1:35:58] VAT
[1:35:58] to be
[1:35:58] recovered
[1:35:59] in the
[1:35:59] cost
[1:35:59] of
[1:35:59] our
[1:36:00] purchases
[1:36:00] lastly
[1:36:02] NGCP
[1:36:02] remains
[1:36:03] committed
[1:36:03] with
[1:36:04] working
[1:36:04] with
[1:36:04] the
[1:36:04] congress
[1:36:05] and
[1:36:05] all
[1:36:06] stakeholders
[1:36:06] in
[1:36:07] pursuing
[1:36:07] a
[1:36:07] balanced
[1:36:07] solutions
[1:36:08] that
[1:36:09] protect
[1:36:09] consumers
[1:36:09] will
[1:36:10] ensure
[1:36:10] continuous
[1:36:11] reliable
[1:36:11] and secure
[1:36:12] transmission
[1:36:13] services
[1:36:13] for the
[1:36:14] Filipino
[1:36:14] people
[1:36:15] thank you
[1:36:16] thank you
[1:36:19] I appreciate
[1:36:19] your
[1:36:19] keeping
[1:36:20] it
[1:36:20] brief
[1:36:20] but
[1:36:21] we
[1:36:21] will
[1:36:22] dissect
[1:36:22] this
[1:36:22] further
[1:36:23] thank
[1:36:23] you
[1:36:23] let's
[1:36:24] now
[1:36:24] go
[1:36:25] to
[1:36:25] the
[1:36:25] SWD
[1:36:27] Yusek
[1:36:27] Dimaporo
[1:36:28] representing
[1:36:29] the
[1:36:30] legislative
[1:36:30] and
[1:36:31] intergovernmental
[1:36:32] affairs
[1:36:32] of the
[1:36:32] SWD
[1:36:33] have
[1:36:33] the
[1:36:33] floor
[1:36:33] thank
[1:36:38] you
[1:36:38] madam
[1:36:38] chair
[1:36:38] the
[1:36:39] department
[1:36:39] of
[1:36:39] social
[1:36:40] welfare
[1:36:40] and
[1:36:40] development
[1:36:40] will
[1:36:41] respond
[1:36:41] to
[1:36:41] the
[1:36:41] concerns
[1:36:42] of
[1:36:42] the
[1:36:42] expanded
[1:36:42] lifeline
[1:36:43] rate
[1:36:43] program
[1:36:44] or
[1:36:44] ELRP
[1:36:45] as it
[1:36:46] relates
[1:36:46] to the
[1:36:47] power
[1:36:47] bill
[1:36:47] shock
[1:36:47] public
[1:36:48] discussions
[1:36:49] have
[1:36:50] pointed
[1:36:50] to the
[1:36:51] socialized
[1:36:51] cross
[1:36:51] subsidy
[1:36:52] funding
[1:36:52] as a
[1:36:53] source
[1:36:53] of
[1:36:53] the
[1:36:53] upward
[1:36:54] price
[1:36:54] pressure
[1:36:55] to
[1:36:55] ensure
[1:36:56] that
[1:36:56] future
[1:36:56] policy
[1:36:57] updates
[1:36:57] remain
[1:36:58] balanced
[1:36:58] and
[1:36:58] effective
[1:36:59] the
[1:36:59] DSWD
[1:36:59] together
[1:37:00] with
[1:37:00] the
[1:37:00] DOE
[1:37:01] and
[1:37:01] ERC
[1:37:02] consolidated
[1:37:03] recent
[1:37:03] energy
[1:37:04] and
[1:37:04] registration
[1:37:05] data
[1:37:05] to
[1:37:06] provide
[1:37:06] a
[1:37:07] clear
[1:37:07] and
[1:37:07] empirical
[1:37:08] picture
[1:37:08] of
[1:37:09] the
[1:37:09] program's
[1:37:09] actual
[1:37:10] fiscal
[1:37:10] footprint
[1:37:11] I'll
[1:37:11] provide
[1:37:12] the
[1:37:12] details
[1:37:12] to
[1:37:13] the
[1:37:13] committee
[1:37:13] secretariat
[1:37:14] but
[1:37:15] really
[1:37:15] go
[1:37:16] briefly
[1:37:16] run
[1:37:17] it
[1:37:17] briefly
[1:37:18] in
[1:37:18] three
[1:37:18] premises
[1:37:19] so
[1:37:19] firstly
[1:37:20] for
[1:37:20] example
[1:37:20] on
[1:37:21] the
[1:37:21] large
[1:37:21] Meralco
[1:37:21] bill
[1:37:22] of
[1:37:23] over
[1:37:23] 9200
[1:37:24] the
[1:37:24] lifeline
[1:37:25] subsidy
[1:37:26] costs
[1:37:27] you
[1:37:27] exactly
[1:37:28] only
[1:37:29] 5.96
[1:37:31] pesos
[1:37:32] just
[1:37:33] 0.06
[1:37:34] percent
[1:37:34] of
[1:37:34] the
[1:37:35] bill
[1:37:35] nationwide
[1:37:35] it
[1:37:36] costs
[1:37:37] the
[1:37:37] average
[1:37:37] household
[1:37:38] only
[1:37:38] 40
[1:37:39] centavos
[1:37:40] a
[1:37:40] month
[1:37:40] or
[1:37:41] around
[1:37:42] 59
[1:37:43] for
[1:37:43] Meralco
[1:37:43] consumers
[1:37:44] only
[1:37:45] 0.66
[1:37:47] percent
[1:37:48] of
[1:37:48] all
[1:37:48] electricity
[1:37:49] users
[1:37:50] in the
[1:37:50] Philippines
[1:37:50] actually
[1:37:51] receive
[1:37:51] this
[1:37:52] discount
[1:37:52] and
[1:37:53] they
[1:37:53] use
[1:37:53] a
[1:37:53] microscopic
[1:37:54] 0.04
[1:37:56] percent
[1:37:56] of
[1:37:57] the
[1:37:57] country's
[1:37:57] total
[1:37:57] power
[1:37:58] and
[1:37:59] when
[1:37:59] typical
[1:37:59] bills
[1:38:00] jump
[1:38:00] by
[1:38:00] nearly
[1:38:01] 4,000
[1:38:02] pesos
[1:38:03] between
[1:38:03] February
[1:38:04] and
[1:38:05] April
[1:38:05] the
[1:38:06] lifeline
[1:38:06] charge
[1:38:06] was
[1:38:07] responsible
[1:38:07] for
[1:38:08] just
[1:38:08] 5
[1:38:09] pesos
[1:38:09] and
[1:38:09] 65
[1:38:10] cents
[1:38:11] of
[1:38:11] that
[1:38:12] massive
[1:38:12] increase
[1:38:13] we
[1:38:13] got
[1:38:14] these
[1:38:14] numbers
[1:38:14] from
[1:38:15] the
[1:38:15] ERC
[1:38:15] so
[1:38:16] we
[1:38:17] will
[1:38:17] be
[1:38:17] complementing
[1:38:18] their
[1:38:18] position
[1:38:18] paper
[1:38:18] as
[1:38:19] well
[1:38:19] from
[1:38:20] the
[1:38:20] social
[1:38:21] perspective
[1:38:21] the
[1:38:22] lifeline
[1:38:23] subsidy
[1:38:24] works
[1:38:24] hand
[1:38:25] in
[1:38:25] hand
[1:38:25] with
[1:38:25] the
[1:38:26] Pantawid
[1:38:26] Pamilyang
[1:38:26] Pilipino
[1:38:27] program
[1:38:27] or
[1:38:27] the
[1:38:28] four
[1:38:28] piece
[1:38:28] to
[1:38:29] serve
[1:38:29] as
[1:38:29] a
[1:38:29] vital
[1:38:30] social
[1:38:30] investment
[1:38:31] DSWD
[1:38:32] registration
[1:38:33] records
[1:38:34] show
[1:38:35] 369,639
[1:38:39] certified
[1:38:40] for
[1:38:40] peace
[1:38:41] end
[1:38:41] users
[1:38:41] as
[1:38:42] of
[1:38:42] April
[1:38:42] 30
[1:38:43] so
[1:38:43] this
[1:38:43] is
[1:38:43] against
[1:38:44] 4.3
[1:38:45] well
[1:38:45] around
[1:38:46] 3
[1:38:46] million
[1:38:46] households
[1:38:49] as
[1:38:50] of
[1:38:50] April
[1:38:51] 30
[1:38:51] by
[1:38:51] keeping
[1:38:52] energy
[1:38:52] accessible
[1:38:53] for
[1:38:53] the
[1:38:53] marginalized
[1:38:54] households
[1:38:55] the
[1:38:55] program
[1:38:55] ensures
[1:38:56] that
[1:38:56] low
[1:38:56] income
[1:38:56] families
[1:38:57] can
[1:38:57] preserve
[1:38:58] the
[1:38:58] conditional
[1:38:58] cash
[1:38:59] grants
[1:38:59] for
[1:39:00] the
[1:39:00] families
[1:39:01] health
[1:39:01] care
[1:39:01] and
[1:39:01] education
[1:39:02] protecting
[1:39:02] human
[1:39:03] capital
[1:39:03] development
[1:39:04] and
[1:39:04] supporting
[1:39:04] long
[1:39:05] term
[1:39:05] sufficiency
[1:39:05] I'll
[1:39:06] go down
[1:39:06] to
[1:39:06] the
[1:39:06] bottom
[1:39:07] line
[1:39:07] the
[1:39:08] bottom
[1:39:08] line
[1:39:08] is
[1:39:08] that
[1:39:08] the
[1:39:09] life
[1:39:09] line
[1:39:09] subsidy
[1:39:10] is
[1:39:10] not
[1:39:10] the
[1:39:10] reason
[1:39:10] for
[1:39:11] the
[1:39:11] electric
[1:39:11] bill
[1:39:12] high
[1:39:13] cost
[1:39:14] suspending
[1:39:15] or
[1:39:15] weakening
[1:39:16] the
[1:39:16] lifeline
[1:39:16] mechanism
[1:39:17] will
[1:39:18] yield
[1:39:18] zero
[1:39:18] noticeable
[1:39:19] relief
[1:39:19] to
[1:39:20] paying
[1:39:20] customers
[1:39:21] but
[1:39:21] it
[1:39:21] will
[1:39:22] immediately
[1:39:22] disconnect
[1:39:23] hundreds
[1:39:23] of
[1:39:24] thousands
[1:39:24] of
[1:39:24] low
[1:39:25] income
[1:39:25] families
[1:39:25] from
[1:39:26] essential
[1:39:26] power
[1:39:27] infrastructure
[1:39:28] now
[1:39:28] whether
[1:39:29] we keep
[1:39:30] to the
[1:39:30] legal
[1:39:30] design
[1:39:31] of
[1:39:31] EPIRA
[1:39:32] or
[1:39:32] as
[1:39:32] people
[1:39:33] suggested
[1:39:33] to
[1:39:34] charge
[1:39:34] this
[1:39:34] to
[1:39:34] the
[1:39:34] national
[1:39:35] government
[1:39:35] we
[1:39:36] support
[1:39:36] this
[1:39:36] at
[1:39:37] the
[1:39:37] end
[1:39:37] of
[1:39:37] the
[1:39:37] day
[1:39:38] we
[1:39:38] want
[1:39:38] to
[1:39:38] ensure
[1:39:38] that
[1:39:39] the
[1:39:39] poorest
[1:39:39] households
[1:39:40] continue
[1:39:40] to
[1:39:40] access
[1:39:41] electricity
[1:39:42] at
[1:39:42] affordable
[1:39:43] rates
[1:39:43] thank
[1:39:43] you
[1:39:43] madam
[1:39:44] chair
[1:39:44] just
[1:39:45] a
[1:39:45] quick
[1:39:45] question
[1:39:46] to
[1:39:46] make
[1:39:48] sure
[1:39:48] i
[1:39:48] heard
[1:39:48] you
[1:39:49] right
[1:39:49] so
[1:39:50] you're
[1:39:50] saying
[1:39:51] the
[1:39:51] lifeline
[1:39:52] subsidies
[1:39:53] effect
[1:39:54] on the
[1:39:54] electricity
[1:39:55] bill
[1:39:55] is
[1:39:56] 5
[1:39:56] pesos
[1:39:56] yeah
[1:39:57] it's
[1:39:57] minimal
[1:39:58] it's
[1:39:58] only
[1:39:58] i think
[1:39:59] 0.1
[1:40:00] percent
[1:40:01] of the
[1:40:02] whole
[1:40:02] calculations
[1:40:04] ng
[1:40:05] ERC
[1:40:05] okay
[1:40:06] we'll
[1:40:06] provide
[1:40:07] the
[1:40:07] detailed
[1:40:08] calculations
[1:40:08] to the
[1:40:09] committee
[1:40:09] secretary
[1:40:09] madam
[1:40:10] chair
[1:40:10] yeah
[1:40:10] because
[1:40:11] again
[1:40:11] and
[1:40:12] daming
[1:40:12] and
[1:40:12] daming
[1:40:13] um
[1:40:13] pass
[1:40:14] on
[1:40:15] cause
[1:40:15] and
[1:40:15] daming
[1:40:15] mandated
[1:40:16] cause
[1:40:16] so
[1:40:17] we
[1:40:17] wanna
[1:40:17] we
[1:40:18] want
[1:40:18] to
[1:40:18] really
[1:40:18] know
[1:40:18] and be
[1:40:19] transparent
[1:40:19] with
[1:40:20] the
[1:40:20] filipinos
[1:40:20] um
[1:40:21] as to
[1:40:23] whatever
[1:40:24] is being
[1:40:25] charged
[1:40:25] to
[1:40:25] them
[1:40:25] how
[1:40:26] much
[1:40:26] that
[1:40:26] is
[1:40:26] and
[1:40:26] what
[1:40:27] exactly
[1:40:28] they
[1:40:28] are
[1:40:28] so
[1:40:28] that
[1:40:29] I
[1:40:29] appreciate
[1:40:29] that
[1:40:30] you
[1:40:30] pointed
[1:40:30] that
[1:40:31] out
[1:40:31] that
[1:40:31] it's
[1:40:31] 5
[1:40:32] percent
[1:40:32] and
[1:40:33] 5
[1:40:34] pesos
[1:40:34] sorry
[1:40:34] 5
[1:40:35] pesos
[1:40:35] yes
[1:40:35] yes
[1:40:36] I
[1:40:36] did
[1:40:36] say
[1:40:36] 5
[1:40:36] pesos
[1:40:37] 5
[1:40:41] cd
[1:40:42] some
[1:40:42] average
[1:40:43] bill
[1:40:43] you're
[1:40:44] talking about
[1:40:44] the average
[1:40:44] bill
[1:40:44] right
[1:40:45] or a
[1:40:45] high
[1:40:45] bill
[1:40:45] like
[1:40:46] a bill
[1:40:47] of
[1:40:47] 9,000
[1:40:47] pesos
[1:40:48] okay
[1:40:48] yeah
[1:40:48] okay
[1:40:49] so
[1:40:49] in
[1:40:50] percentage
[1:40:50] that
[1:40:50] is
[1:40:51] 0.06
[1:40:53] percent
[1:40:53] of the
[1:40:53] bill
[1:40:54] like a
[1:40:58] person
[1:40:58] again
[1:40:59] to be
[1:40:59] clear
[1:40:59] the
[1:41:00] lifeline
[1:41:01] bill
[1:41:01] is a
[1:41:01] percentage
[1:41:02] of
[1:41:02] people's
[1:41:03] bills
[1:41:03] that's
[1:41:03] why
[1:41:04] you
[1:41:05] the
[1:41:05] 5
[1:41:05] pesos
[1:41:06] is
[1:41:06] against
[1:41:08] an
[1:41:08] example
[1:41:08] like a
[1:41:09] 9,000
[1:41:09] peso
[1:41:10] bill
[1:41:10] so
[1:41:10] if
[1:41:10] the
[1:41:10] bill
[1:41:11] is
[1:41:11] much
[1:41:11] lower
[1:41:12] let's
[1:41:12] say
[1:41:12] 5,000
[1:41:13] I have
[1:41:19] one more
[1:41:19] question
[1:41:19] for you
[1:41:19] I just
[1:41:20] need to
[1:41:20] clarify
[1:41:20] some
[1:42:17] facts
[1:42:18] that my
[1:42:18] team
[1:42:19] gave
[1:42:19] me
[1:42:19] it's
[1:42:20] not
[1:42:20] that
[1:42:21] urgent
[1:42:21] to
[1:42:21] bring
[1:42:21] it
[1:42:21] up
[1:42:22] now
[1:42:22] so
[1:42:22] thank
[1:42:23] you
[1:42:23] let's
[1:42:23] move
[1:42:23] on
[1:42:24] let
[1:42:25] us
[1:42:26] hear
[1:42:26] samahan
[1:42:28] ng
[1:42:28] nagkakaisang
[1:42:29] pamilya
[1:42:29] ng
[1:42:30] pangtawid
[1:42:30] Ms.
[1:42:31] Annabelle
[1:42:32] Luna
[1:42:32] the
[1:42:32] president
[1:42:33] floor
[1:42:34] is
[1:42:34] yours
[1:42:34] magandang
[1:42:36] harin
[1:42:36] po
[1:42:36] Madam
[1:42:37] President
[1:42:37] at
[1:42:37] sa mga
[1:42:38] kasamang
[1:42:39] nasa
[1:42:39] loob
[1:42:39] ng
[1:42:39] room
[1:42:40] na
[1:42:40] ito
[1:42:41] kami
[1:42:41] po
[1:42:41] ay
[1:42:41] mula
[1:42:42] sa
[1:42:42] samahan
[1:42:43] at
[1:42:43] kakaisang
[1:42:43] pamilya
[1:42:43] pantawid
[1:42:44] ay
[1:42:45] labis
[1:42:45] pong
[1:42:45] nagpapasalamat
[1:42:46] sa mga
[1:42:46] panapalang
[1:42:47] ito
[1:42:48] na
[1:42:48] ang
[1:42:48] magbibibinipisyo
[1:42:49] po
[1:42:49] ay
[1:42:49] katulad
[1:42:50] po
[1:42:50] namin
[1:42:50] mga
[1:42:51] talagang
[1:42:52] mga
[1:42:53] nangangailangan
[1:42:53] na
[1:42:54] pamilya
[1:42:55] pero
[1:42:55] kagaya
[1:42:56] po
[1:42:56] ng
[1:42:56] sinabi
[1:42:57] kanina
[1:42:58] ng
[1:42:58] mga
[1:42:58] narinig
[1:42:59] ko
[1:42:59] na
[1:43:00] masyadong
[1:43:00] teknikal
[1:43:01] pero
[1:43:02] doon
[1:43:02] na lang
[1:43:02] po
[1:43:02] ako
[1:43:02] sa
[1:43:03] aspeto
[1:43:03] na
[1:43:04] pinanggagalingan
[1:43:05] talaga
[1:43:05] ng
[1:43:05] nakaka
[1:43:06] ano
[1:43:07] diba
[1:43:07] langap
[1:43:08] na
[1:43:08] na
[1:43:08] store
[1:43:09] doon
[1:43:09] sa
[1:43:09] usating
[1:43:10] ang
[1:43:12] purpose
[1:43:12] po
[1:43:13] ang
[1:43:13] naging
[1:43:13] dahilan
[1:43:13] ng
[1:43:14] pag
[1:43:14] ano
[1:43:14] paglobo
[1:43:15] ng
[1:43:15] bill
[1:43:15] ng
[1:43:15] mga
[1:43:16] consumer
[1:43:17] pero
[1:43:18] doon
[1:43:18] po
[1:43:19] kami
[1:43:19] po
[1:43:20] ay
[1:43:20] talagang
[1:43:21] nasaktan
[1:43:22] pero
[1:43:23] ito
[1:43:23] yung
[1:43:23] pagkakataon
[1:43:24] na
[1:43:24] gusto
[1:43:24] namin
[1:43:25] linawin
[1:43:25] na
[1:43:26] kanina
[1:43:27] nasabi
[1:43:28] po
[1:43:28] ni
[1:43:28] Yusek
[1:43:29] Dimaporo
[1:43:29] na
[1:43:30] 300
[1:43:31] plus
[1:43:34] thousand
[1:43:34] po
[1:43:35] yung
[1:43:35] nakaregistered
[1:43:37] pero
[1:43:37] ang totoo
[1:43:38] rin po
[1:43:38] Madam
[1:43:39] Chair
[1:43:40] yung
[1:43:40] iba po
[1:43:41] nakaregistered
[1:43:42] pero
[1:43:42] hindi
[1:43:42] maka-avail
[1:43:43] kasi
[1:43:43] po
[1:43:43] may
[1:43:44] mga
[1:43:44] kontador
[1:43:45] po
[1:43:46] na
[1:43:46] hindi
[1:43:46] po
[1:43:46] nakapangalan
[1:43:47] sa amin
[1:43:48] makapag
[1:43:49] ano
[1:43:50] man
[1:43:50] sila
[1:43:50] ng
[1:43:50] consumer
[1:43:51] na
[1:43:51] doon
[1:43:52] lang
[1:43:52] po
[1:43:52] sa
[1:43:52] average
[1:43:53] na
[1:43:53] 50
[1:43:53] kilowatt
[1:43:54] po
[1:43:54] ay
[1:43:55] hindi
[1:43:55] naman
[1:43:55] nakapangalan
[1:43:56] paano
[1:43:56] rin
[1:43:56] po
[1:43:56] maa-avail
[1:43:57] meron
[1:43:58] naman po
[1:43:58] na
[1:43:58] nakapangalan
[1:43:59] naman
[1:43:59] ng
[1:44:00] kontador
[1:44:00] sa
[1:44:00] purpose
[1:44:01] pero
[1:44:02] ang
[1:44:03] realidad
[1:44:04] po
[1:44:04] ay
[1:44:05] ilan
[1:44:05] po
[1:44:05] ang
[1:44:05] gumagamit
[1:44:06] sa
[1:44:06] kontador
[1:44:07] na
[1:44:07] daw
[1:44:07] kaya
[1:44:07] naman
[1:44:08] po
[1:44:08] hindi
[1:44:08] dahil
[1:44:08] sa
[1:44:09] luho
[1:44:09] malaki
[1:44:10] po
[1:44:10] yung
[1:44:10] consumo
[1:44:11] kada
[1:44:12] buwan
[1:44:13] hindi
[1:44:13] rin
[1:44:13] siya
[1:44:13] makaka-avail
[1:44:14] kaya
[1:44:15] malinaw
[1:44:15] na
[1:44:15] malinaw
[1:44:16] rin
[1:44:16] po
[1:44:16] sa
[1:44:17] aking
[1:44:17] mga
[1:44:17] narinig
[1:44:18] na
[1:44:18] kung
[1:44:18] kasi
[1:44:19] yung
[1:44:19] sa aming
[1:44:20] position
[1:44:20] paper
[1:44:20] na
[1:44:21] naipasa
[1:44:21] talagang
[1:44:23] hinimay
[1:44:23] po
[1:44:23] namin
[1:44:24] yung
[1:44:24] mga
[1:44:25] deals
[1:44:27] pero
[1:44:27] doon po
[1:44:28] sa
[1:44:28] back
[1:44:29] na gusto
[1:44:30] rin
[1:44:30] namin
[1:44:30] sinusuportahan
[1:44:31] din namin
[1:44:32] na ito
[1:44:32] ay
[1:44:32] maialis
[1:44:33] sana
[1:44:33] kasi
[1:44:33] napakabigat
[1:44:35] na
[1:44:35] para
[1:44:35] sa
[1:44:35] pamilyang
[1:44:36] Pilipino
[1:44:36] ito
[1:44:37] lalo
[1:44:37] na sa
[1:44:37] ating
[1:44:38] middle
[1:44:38] class
[1:44:39] na
[1:44:39] sila
[1:44:39] talaga
[1:44:40] ay
[1:44:40] isa
[1:44:41] rin
[1:44:41] na
[1:44:41] kahit
[1:44:42] pasabihin
[1:44:43] natin
[1:44:43] middle
[1:44:43] class
[1:44:44] sila
[1:44:44] umaaray
[1:44:45] na rin
[1:44:45] po
[1:44:46] lalo
[1:44:46] yung
[1:44:47] ordinary
[1:44:47] manggagawa
[1:44:48] ngayon
[1:44:49] po
[1:44:49] doon
[1:44:49] sa
[1:44:50] sinasabing
[1:44:50] 4.4
[1:44:51] million
[1:44:51] ang magiging
[1:44:52] unserved
[1:44:52] kung matatanggal
[1:44:53] ito
[1:44:54] malinaw
[1:44:55] na manilaw
[1:44:55] sa amin
[1:44:59] na
[1:44:59] hindi
[1:44:59] naman
[1:45:00] talaga
[1:45:00] lahat
[1:45:01] ay
[1:45:01] makakakabail
[1:45:02] dahil
[1:45:03] matindi
[1:45:04] po
[1:45:04] yung
[1:45:04] mga
[1:45:05] requirements
[1:45:05] din
[1:45:06] nakapangalan
[1:45:07] problem
[1:45:07] mahalaga
[1:45:08] po
[1:45:08] sana
[1:45:09] tingnan
[1:45:09] din po
[1:45:09] natin
[1:45:10] yung
[1:45:10] mga
[1:45:10] middle
[1:45:10] class
[1:45:11] na
[1:45:11] mabigyan
[1:45:11] din sila
[1:45:12] ng
[1:45:12] subsidy
[1:45:12] o
[1:45:13] magawa
[1:45:14] pa
[1:45:14] natin
[1:45:14] sana
[1:45:15] itong
[1:45:15] ano
[1:45:15] i-revisit
[1:45:18] po
[1:45:18] yung
[1:45:18] IPIRA
[1:45:19] yung
[1:45:19] ERC
[1:45:20] na
[1:45:21] mag
[1:45:21] didepende
[1:45:23] po
[1:45:23] ito
[1:45:23] sa mga
[1:45:24] bills
[1:45:24] natin
[1:45:24] pero
[1:45:25] mararamdaman
[1:45:26] sana
[1:45:26] talaga
[1:45:27] ng mga
[1:45:27] kapamilyang
[1:45:28] Pilipino
[1:45:29] na yung
[1:45:29] totoong
[1:45:30] malasakit
[1:45:30] po
[1:45:30] ng ating
[1:45:31] pamahalaan
[1:45:32] para sa
[1:45:32] kasi
[1:45:33] hindi
[1:45:34] naman
[1:45:34] po
[1:45:34] itong
[1:45:34] lo
[1:45:34] yung
[1:45:35] ating
[1:45:35] pagkakaroon
[1:45:36] ng
[1:45:36] kuryente
[1:45:37] ito
[1:45:37] ay
[1:45:37] talagang
[1:45:38] karapatan
[1:45:38] din
[1:45:39] ng
[1:45:39] bawat
[1:45:39] pamilya
[1:45:40] na
[1:45:40] mangiwanag
[1:45:41] po
[1:45:41] yung
[1:45:41] kanilang
[1:45:42] mga
[1:45:42] bahay
[1:45:42] dahil
[1:45:43] gaya
[1:45:43] po
[1:45:43] nang
[1:45:44] sinabi
[1:45:44] sa araw-araw
[1:45:50] yun
[1:45:50] ang kailangan
[1:45:51] natin
[1:45:51] na
[1:45:51] konsumo
[1:45:52] sa huli
[1:45:53] po
[1:45:53] pinapakusap
[1:45:56] po
[1:45:57] namin
[1:45:57] sa mga
[1:45:57] kagalang
[1:45:58] galang
[1:45:58] na
[1:45:59] senador
[1:45:59] na ipasa
[1:46:00] ang
[1:46:00] batas
[1:46:00] sana
[1:46:00] na
[1:46:01] magtatanggal
[1:46:01] ng
[1:46:01] bawat
[1:46:02] sa
[1:46:02] kuryente
[1:46:02] maglilimita
[1:46:03] rin
[1:46:04] po
[1:46:04] ng
[1:46:04] pass
[1:46:04] on
[1:46:05] charges
[1:46:05] ang
[1:46:05] pasaning
[1:46:06] ng
[1:46:06] subsidia
[1:46:07] at
[1:46:07] system
[1:46:08] loss
[1:46:09] ay
[1:46:09] dapat
[1:46:09] balik
[1:46:10] natin
[1:46:10] ng
[1:46:11] pamahalan
[1:46:11] sana
[1:46:12] at
[1:46:12] ng
[1:46:12] malalaking
[1:46:13] korporasyon
[1:46:14] sa energy
[1:46:15] hindi
[1:46:16] ang
[1:46:16] ordinaryong
[1:46:16] mamamayang
[1:46:17] Pilipino
[1:46:18] ang
[1:46:18] justisya
[1:46:19] para
[1:46:19] sa
[1:46:19] pantay
[1:46:20] at
[1:46:20] makakawa
[1:46:20] na
[1:46:20] paggamit
[1:46:21] ang
[1:46:21] energy
[1:46:22] ay
[1:46:22] makakamit
[1:46:23] lamang
[1:46:23] kung
[1:46:23] ang
[1:46:23] pondo
[1:46:24] ay
[1:46:24] hindi
[1:46:24] kukunin
[1:46:25] sa
[1:46:25] bolsa
[1:46:26] ng
[1:46:26] kapwa
[1:46:26] mahihirap
[1:46:27] o
[1:46:27] naghihik
[1:46:28] house
[1:46:28] sa
[1:46:29] manggagawa
[1:46:29] nananawagan
[1:46:30] kami
[1:46:31] na gawing
[1:46:31] itong
[1:46:32] insklusibo
[1:46:33] ang mga
[1:46:33] batas
[1:46:33] na ito
[1:46:34] isang
[1:46:34] sistema
[1:46:35] hindi
[1:46:35] nagbubunsod
[1:46:36] ng
[1:46:36] inggit
[1:46:37] diskriminasyon
[1:46:38] kundi
[1:46:38] tunay
[1:46:38] naging
[1:46:39] hawa
[1:46:39] para sa
[1:46:39] lahat
[1:46:40] maraming
[1:46:40] salamat
[1:46:41] po
[1:46:41] thank you
[1:46:49] miss
[1:46:50] luna
[1:46:51] dun sa
[1:46:52] contribution
[1:46:53] nyo
[1:46:54] dun sa
[1:46:54] discussion
[1:46:55] i just
[1:46:55] want to
[1:46:55] add
[1:46:55] something
[1:46:56] hinahanap
[1:46:56] ko
[1:46:57] lang
[1:46:57] yung
[1:46:57] notes
[1:46:57] ko
[1:46:58] ayan
[1:47:03] sige
[1:47:04] para
[1:47:06] lang
[1:47:07] sabi nyo
[1:47:08] nga
[1:47:08] medyo
[1:47:08] technical
[1:47:09] pero di
[1:47:09] natin
[1:47:10] maiiwasan
[1:47:10] kasi
[1:47:11] importanteng
[1:47:12] maintindihan
[1:47:13] natin
[1:47:13] yung
[1:47:14] ako nga
[1:47:16] technical
[1:47:16] na aspeto
[1:47:17] kirap
[1:47:18] din ako
[1:47:18] yung
[1:47:18] legal
[1:47:19] mas
[1:47:19] okay
[1:47:20] ako
[1:47:20] pero
[1:47:21] sa dami
[1:47:22] nung
[1:47:22] batas
[1:47:23] patong
[1:47:23] patong
[1:47:23] na
[1:47:24] amendahan
[1:47:24] mahirap
[1:47:25] na rin
[1:47:25] sundahan
[1:47:25] pero
[1:47:25] ito
[1:47:26] konting
[1:47:26] dagdag
[1:47:27] din sa
[1:47:27] liwanag
[1:47:28] yung
[1:47:29] lifeline
[1:47:29] rate
[1:47:29] natin
[1:47:30] na nagbibigay
[1:47:30] ng
[1:47:31] 100%
[1:47:32] subsidy
[1:47:32] 50
[1:47:33] kilowatts
[1:47:34] per
[1:47:35] hour
[1:47:35] sabi nga
[1:47:36] ni Miss
[1:47:36] Annabelle
[1:47:37] tama yun
[1:47:37] and of
[1:47:38] course
[1:47:38] Yuseca
[1:47:38] Dimaporo
[1:47:39] also
[1:47:39] agrees
[1:47:40] alam
[1:47:40] naman
[1:47:40] lahat
[1:47:41] nila
[1:47:41] ERC
[1:47:43] DOE
[1:47:43] so
[1:47:44] ang
[1:47:44] coverage
[1:47:45] more or
[1:47:45] less
[1:47:46] ng
[1:47:46] 50
[1:47:47] kilowatts
[1:47:48] is
[1:47:49] 3 lightbulbs
[1:47:50] 1 electric
[1:47:51] fan
[1:47:52] 1 TV
[1:47:53] or radio
[1:47:54] and 1
[1:47:55] cellphone
[1:47:56] charger
[1:47:56] so
[1:47:57] basic
[1:47:58] basic
[1:47:58] talaga
[1:47:58] malaking tulong
[1:48:00] sa tingin ko
[1:48:01] pero
[1:48:02] katulad
[1:48:02] nung
[1:48:02] sinabi ko
[1:48:03] ng
[1:48:03] hearing
[1:48:05] ko
[1:48:06] the last
[1:48:07] hearing
[1:48:07] bilang
[1:48:10] isang
[1:48:10] nanay
[1:48:10] kasi
[1:48:11] yun
[1:48:11] naman
[1:48:11] kaya
[1:48:12] kong
[1:48:12] i-share
[1:48:13] experience
[1:48:15] ko
[1:48:15] may mga
[1:48:17] gawain
[1:48:17] tayo
[1:48:18] sa bahay
[1:48:18] na hindi
[1:48:19] covered
[1:48:19] ito
[1:48:19] so
[1:48:20] kunyari
[1:48:20] si nanay
[1:48:21] papasok
[1:48:21] papasok
[1:48:22] din siya
[1:48:23] so
[1:48:23] tas
[1:48:24] maulan
[1:48:24] pa naman
[1:48:24] sa Pilipinas
[1:48:25] baka
[1:48:26] naman
[1:48:26] gusto niyang
[1:48:27] kumuha ng
[1:48:28] washing
[1:48:28] machine
[1:48:28] at
[1:48:28] dryer
[1:48:29] hindi
[1:48:29] naman
[1:48:29] po
[1:48:29] kasalanan
[1:48:30] yun
[1:48:30] na may
[1:48:30] washing
[1:48:31] machine
[1:48:31] at
[1:48:31] dryer
[1:48:31] katulong
[1:48:32] sa nanay
[1:48:33] di dagdag
[1:48:34] yun
[1:48:34] hindi
[1:48:35] mako
[1:48:35] cover
[1:48:35] yun
[1:48:35] so
[1:48:36] maglalabak
[1:48:36] pa
[1:48:36] si nanay
[1:48:37] anong
[1:48:37] gagawin
[1:48:38] niya
[1:48:38] pag
[1:48:38] umulan
[1:48:39] papapatuyo
[1:48:41] pag
[1:48:41] maulan
[1:48:41] so
[1:48:42] kasama
[1:48:43] yun
[1:48:43] sa mga
[1:48:43] gastusin
[1:48:44] in
[1:48:45] example
[1:48:46] ko
[1:48:46] nga
[1:48:46] parate
[1:48:47] kung
[1:48:47] may
[1:48:48] dalagita
[1:48:48] ka
[1:48:49] o
[1:48:49] ikaw
[1:48:49] mismo
[1:48:50] nanay
[1:48:50] papasok
[1:48:51] ka
[1:48:51] siyempre
[1:48:51] kailangan
[1:48:51] maayos
[1:48:52] ka
[1:48:52] diba
[1:48:52] so
[1:48:53] kung
[1:48:53] katulad
[1:48:53] ko
[1:48:53] na
[1:48:54] kulot
[1:48:54] medyo
[1:48:55] kailangan
[1:48:55] ayusin
[1:48:56] ko
[1:48:56] yung
[1:48:56] buho
[1:48:56] ko
[1:48:56] ng
[1:48:56] konti
[1:48:57] plancha
[1:48:58] plancha
[1:48:58] blower
[1:48:59] blower
[1:48:59] hindi
[1:48:59] huluho
[1:49:00] yun
[1:49:00] expected
[1:49:01] yun
[1:49:01] na
[1:49:01] pag
[1:49:02] pumasok
[1:49:02] tayo
[1:49:02] hindi
[1:49:02] tayo
[1:49:03] mukhang
[1:49:03] bagong
[1:49:03] gising
[1:49:04] so
[1:49:04] may
[1:49:05] gastus
[1:49:05] din
[1:49:05] yun
[1:49:05] hindi
[1:49:06] uncovered
[1:49:06] sa
[1:49:07] basic
[1:49:07] so
[1:49:07] yun
[1:49:07] lang
[1:49:07] yung
[1:49:08] mga
[1:49:08] ina
[1:49:08] example
[1:49:08] ko
[1:49:09] to
[1:49:10] show
[1:49:10] na
[1:49:10] hindi
[1:49:11] hindi
[1:49:11] luho
[1:49:12] itong
[1:49:12] 50
[1:49:13] kilowatts
[1:49:14] na
[1:49:14] binibigay
[1:49:15] ito
[1:49:15] ay
[1:49:15] mga
[1:49:16] essentials
[1:49:16] now
[1:49:17] katulad
[1:49:19] nito
[1:49:19] one
[1:49:19] electric
[1:49:20] fan
[1:49:20] doon
[1:49:23] sa susunod
[1:49:23] kong
[1:49:24] doon
[1:49:24] sa iba
[1:49:24] kong
[1:49:24] committee
[1:49:25] possible
[1:49:27] na
[1:49:27] yung
[1:49:28] sustainable
[1:49:29] development
[1:49:29] goals
[1:49:30] na lagi
[1:49:30] kong
[1:49:30] pinapasok
[1:49:31] sa lahat
[1:49:31] ng
[1:49:31] diskusyon
[1:49:32] ko
[1:49:32] kasama
[1:49:33] doon
[1:49:34] na
[1:49:34] matiwasay
[1:49:36] ang
[1:49:36] ating
[1:49:37] buhay
[1:49:37] so
[1:49:37] pag
[1:49:37] nakakabagyo
[1:49:38] pag
[1:49:39] nakakaroon
[1:49:39] ng
[1:49:39] el ninyo
[1:49:40] lahat
[1:49:41] yun
[1:49:41] problema
[1:49:41] sa
[1:49:42] atin
[1:49:42] so
[1:49:42] pag
[1:49:42] sobrang
[1:49:43] init
[1:49:43] naman
[1:49:43] hindi
[1:49:44] rin
[1:49:44] makatulog
[1:49:45] ang mga
[1:49:45] tao
[1:49:45] diba
[1:49:46] so
[1:49:46] yun
[1:49:46] naman
[1:49:46] kahalaga
[1:49:47] ng
[1:49:48] electric
[1:49:48] fan
[1:49:48] hindi
[1:49:48] luho
[1:49:49] ang
[1:49:49] electric
[1:49:49] fan
[1:49:50] so
[1:49:50] kung
[1:49:51] kayo
[1:49:53] isang
[1:49:53] pamilya
[1:49:54] maganda
[1:49:55] sana
[1:49:55] kung
[1:49:55] more
[1:49:55] than
[1:49:55] one
[1:49:56] electric
[1:49:56] fan
[1:49:56] pero
[1:49:56] ang
[1:49:56] puntos
[1:49:57] ko
[1:49:57] dito
[1:49:57] sa
[1:49:57] 50
[1:49:58] kilowatts
[1:49:58] per
[1:49:59] hour
[1:49:59] one
[1:50:00] electric
[1:50:00] fan
[1:50:00] lang
[1:50:01] ang
[1:50:01] covered
[1:50:01] yun
[1:50:01] lang
[1:50:01] naman
[1:50:01] yung
[1:50:02] point
[1:50:02] ko
[1:50:02] napakaliit
[1:50:03] lang
[1:50:03] ng
[1:50:04] ano
[1:50:04] and
[1:50:04] again
[1:50:04] idudugtong
[1:50:05] ko
[1:50:05] sa
[1:50:05] sinabi
[1:50:06] ni
[1:50:06] Yusek
[1:50:06] Dimaporo
[1:50:07] na
[1:50:08] more
[1:50:08] or less
[1:50:09] 5 pesos
[1:50:09] ang
[1:50:09] karagdaga
[1:50:10] na
[1:50:10] binabayaran
[1:50:12] dun sa
[1:50:13] isang
[1:50:13] electricity
[1:50:13] bill
[1:50:14] na
[1:50:14] nasa
[1:50:15] 9,000
[1:50:15] pesos
[1:50:16] 5 pesos
[1:50:16] lang
[1:50:17] ang
[1:50:17] contribution
[1:50:18] for
[1:50:18] the
[1:50:19] lifeline
[1:50:19] now
[1:50:20] to be
[1:50:21] clear
[1:50:21] meron ding
[1:50:22] lifeline
[1:50:23] na
[1:50:23] 100
[1:50:24] kilowatts
[1:50:24] pero
[1:50:25] yun
[1:50:25] hindi
[1:50:25] 100%
[1:50:26] ang
[1:50:27] subsidy
[1:50:27] yan
[1:50:28] ay
[1:50:28] 20%
[1:50:29] lang
[1:50:29] ito
[1:50:30] kung
[1:50:30] tatanungin
[1:50:31] mo ko
[1:50:31] medyo
[1:50:31] mas
[1:50:32] makatarungan
[1:50:33] yung
[1:50:33] 100
[1:50:33] kilowatts
[1:50:34] kasi
[1:50:35] covered
[1:50:35] nito
[1:50:36] is
[1:50:36] yung
[1:50:37] kuryente
[1:50:37] mo
[1:50:37] for
[1:50:38] more
[1:50:38] appliances
[1:50:39] and
[1:50:40] more
[1:50:40] charging
[1:50:41] facilities
[1:50:41] kasi
[1:50:42] nowadays
[1:50:42] it's a
[1:50:43] charge
[1:50:43] mo
[1:50:43] cellphone
[1:50:44] eh
[1:50:44] kung
[1:50:45] ako
[1:50:45] yung
[1:50:45] nanay
[1:50:46] may
[1:50:46] mga
[1:50:46] dalagita
[1:50:47] kong
[1:50:47] anak
[1:50:47] nagkakasabi
[1:50:49] mo
[1:50:49] ng
[1:50:49] college
[1:50:50] na
[1:50:50] sila
[1:50:50] siyempre
[1:50:50] gusto ko
[1:50:51] na
[1:50:51] monitor
[1:50:51] kung
[1:50:51] nasa
[1:50:52] na
[1:50:52] sila
[1:50:52] sa
[1:50:52] gabi
[1:50:52] diba
[1:50:52] naglalakad
[1:50:53] madilim
[1:50:54] so
[1:50:55] talagang
[1:50:56] essential
[1:50:56] na rin
[1:50:56] sa atin
[1:50:57] yung
[1:50:57] cellphone
[1:50:57] paano
[1:50:58] mag
[1:50:58] charge
[1:50:58] hindi
[1:50:59] covered
[1:50:59] yun
[1:50:59] dun sa
[1:50:59] 50
[1:51:00] pero
[1:51:00] dun sa
[1:51:01] 100
[1:51:01] covered
[1:51:02] pero
[1:51:03] 20%
[1:51:03] lang
[1:51:04] ang
[1:51:04] discount
[1:51:04] so
[1:51:04] maraming
[1:51:05] nuances
[1:51:05] to
[1:51:06] I'm
[1:51:07] just
[1:51:07] pointing
[1:51:07] out
[1:51:08] na
[1:51:08] yung
[1:51:08] 50
[1:51:08] kulang
[1:51:09] na
[1:51:09] kulang
[1:51:09] kung
[1:51:10] dadagdagan
[1:51:10] naman
[1:51:10] natin
[1:51:11] sa
[1:51:11] 100
[1:51:11] based
[1:51:12] dun sa
[1:51:13] studies
[1:51:14] natin
[1:51:16] it's
[1:51:16] already
[1:51:16] one of
[1:51:17] the
[1:51:17] biggest
[1:51:17] subsidy
[1:51:18] sa
[1:51:19] Asia
[1:51:19] so
[1:51:19] kahit
[1:51:20] hindi
[1:51:20] naman
[1:51:20] 100
[1:51:20] baka
[1:51:21] naman
[1:51:21] like
[1:51:22] I
[1:51:22] said
[1:51:22] yung
[1:51:22] 100
[1:51:22] naman
[1:51:23] na
[1:51:23] yun
[1:51:23] is
[1:51:23] discounted
[1:51:24] lang
[1:51:24] hindi
[1:51:24] naman
[1:51:25] 100%
[1:51:26] so
[1:51:27] we
[1:51:27] can
[1:51:27] go
[1:51:27] into
[1:51:28] that
[1:51:28] more
[1:51:28] pag
[1:51:29] hinimay
[1:51:29] na
[1:51:29] natin
[1:51:30] yung
[1:51:30] bawat
[1:51:30] charge
[1:51:32] na
[1:51:32] nakakadagdag
[1:51:33] sa
[1:51:33] budget
[1:51:34] pinapoint
[1:51:35] out
[1:51:35] ko
[1:51:35] lang
[1:51:35] na
[1:51:35] ito
[1:51:36] yung
[1:51:36] essentials
[1:51:36] na
[1:51:37] nakakarating
[1:51:38] sa mga
[1:51:38] kababayan
[1:51:39] natin
[1:51:39] na
[1:51:39] nangangailangan
[1:51:40] okay
[1:51:41] so
[1:51:41] since
[1:51:41] yan
[1:51:41] na
[1:51:41] rin
[1:51:42] lang
[1:51:42] naman
[1:51:42] yung
[1:51:42] ating
[1:51:43] topic
[1:51:45] isunod
[1:51:46] ko
[1:51:46] na
[1:51:47] rin
[1:51:47] ang
[1:51:48] South
[1:51:48] Luzon
[1:51:49] Integral
[1:51:50] Ecology
[1:51:50] Hub
[1:51:51] it
[1:51:52] is
[1:51:53] Reverend
[1:51:53] Father
[1:51:54] Warren
[1:51:54] Puno
[1:51:54] Sir
[1:51:54] you have
[1:51:55] the
[1:51:55] floor
[1:52:25] muhay
[1:52:26] ng
[1:52:26] lahat
[1:52:26] nilantad
[1:52:27] po
[1:52:27] ng
[1:52:27] energy
[1:52:28] crisis
[1:52:28] nangyayari
[1:52:29] ngayon
[1:52:29] na
[1:52:29] ordinary
[1:52:30] mamamayan
[1:52:30] ang
[1:52:31] pinakakaawaawa
[1:52:32] sa patuloy
[1:52:33] nating
[1:52:33] pagtangkilik
[1:52:34] sa imported
[1:52:35] na coal
[1:52:35] gas
[1:52:36] at langis
[1:52:37] para sa
[1:52:37] kuryente
[1:52:38] yan po
[1:52:39] ang katotohanan
[1:52:39] hindi
[1:52:40] nga
[1:52:40] po
[1:52:41] maasahan
[1:52:42] ubod
[1:52:43] pa
[1:52:43] ng
[1:52:43] mahal
[1:52:44] kaya
[1:52:45] kaisa
[1:52:46] po kami
[1:52:47] sa maraming
[1:52:49] panukala
[1:52:49] nabawasan
[1:52:50] o repasuhin
[1:52:51] ang mga
[1:52:51] gastusin
[1:52:52] sa
[1:52:52] electricity
[1:52:52] bill
[1:52:53] na hindi
[1:52:53] naman
[1:52:54] nakatali
[1:52:54] sa
[1:52:54] mismong
[1:52:55] consumo
[1:52:56] yung
[1:52:57] iba't
[1:52:57] ibang
[1:52:57] pass-through
[1:52:58] charges
[1:52:58] kung tawagin
[1:52:59] ngunit
[1:53:00] mariin din po
[1:53:01] namin
[1:53:01] hinihingi
[1:53:02] na aksyonan
[1:53:02] ang
[1:53:03] pinakamahal
[1:53:04] na
[1:53:04] pass-through
[1:53:04] charge
[1:53:05] yun po
[1:53:05] yung
[1:53:06] nakapaloob
[1:53:06] sa
[1:53:06] generation
[1:53:07] charge
[1:53:07] na higit
[1:53:08] kalahati
[1:53:09] ng
[1:53:09] bill
[1:53:10] sa
[1:53:10] kuryente
[1:53:10] na
[1:53:10] binabangit
[1:53:11] po
[1:53:11] kanina
[1:53:11] pa
[1:53:11] sa
[1:53:12] tuwing
[1:53:12] sumisirit
[1:53:13] ang
[1:53:13] presyo
[1:53:13] ng
[1:53:13] coal
[1:53:14] gas
[1:53:14] at
[1:53:14] langis
[1:53:15] sa
[1:53:15] pandaigdig
[1:53:16] ang
[1:53:16] merkado
[1:53:16] consumer
[1:53:17] ang
[1:53:17] pumapasan
[1:53:18] ng
[1:53:18] dagdag
[1:53:19] na
[1:53:19] gastusin
[1:53:19] dahil
[1:53:20] pinapayagan
[1:53:21] sa
[1:53:21] mismong
[1:53:21] mga
[1:53:21] kontrata
[1:53:22] ng
[1:53:23] mga
[1:53:23] kumpanya
[1:53:23] ng
[1:53:24] distribution
[1:53:24] at
[1:53:25] generation
[1:53:25] nagreport
[1:53:26] na naman
[1:53:30] nga po
[1:53:30] ng
[1:53:30] mataas
[1:53:31] na kita
[1:53:31] sa
[1:53:32] unang
[1:53:32] quarter
[1:53:33] ng taon
[1:53:33] ng
[1:53:33] Miralco
[1:53:34] na
[1:53:35] pangunahing
[1:53:35] mula
[1:53:36] sa
[1:53:36] negwasyon
[1:53:37] nito
[1:53:37] sa
[1:53:37] generation
[1:53:38] sa
[1:53:38] katunayan
[1:53:39] sa bayan
[1:53:40] po
[1:53:40] namin
[1:53:40] sa
[1:53:40] Atimonan
[1:53:41] kung
[1:53:41] saan
[1:53:41] ako
[1:53:41] nakadistino
[1:53:42] pilit
[1:53:43] pa
[1:53:43] rin
[1:53:43] itinatayo
[1:53:44] ng
[1:53:44] Miralco
[1:53:45] na may
[1:53:45] bas-bas
[1:53:45] ng
[1:53:46] DOE
[1:53:46] ang
[1:53:47] isang
[1:53:47] 1200
[1:53:48] megawatt
[1:53:49] na
[1:53:49] coal
[1:53:49] plant
[1:53:49] na
[1:53:50] matagal
[1:53:50] na
[1:53:50] po
[1:53:51] namin
[1:53:51] tinututulan
[1:53:51] more
[1:53:52] than
[1:53:52] 10
[1:53:52] years
[1:53:53] maliban
[1:53:54] sa
[1:53:54] mapanira
[1:53:54] sa
[1:53:55] kalikasan
[1:53:55] at
[1:53:55] klima
[1:53:56] magiging
[1:53:57] karagdagang
[1:53:57] pinagmungunan
[1:53:58] lang ito
[1:53:59] ng mga
[1:54:00] automatic
[1:54:00] fuel
[1:54:01] pass-through
[1:54:01] charges
[1:54:02] na ipapasa
[1:54:03] ng
[1:54:03] Miralco
[1:54:03] sa mga
[1:54:04] consumer
[1:54:04] Kung
[1:54:05] tunay
[1:54:06] nga
[1:54:06] isang
[1:54:06] ating
[1:54:06] mambabatas
[1:54:07] at
[1:54:07] pamahalaan
[1:54:08] na bigyang
[1:54:08] ginhawa
[1:54:09] ang mga
[1:54:09] consumer
[1:54:09] hindi
[1:54:10] po
[1:54:10] dapat
[1:54:10] isang
[1:54:11] tabi
[1:54:11] ang
[1:54:11] pinakamahal
[1:54:12] na
[1:54:12] generation
[1:54:13] cost
[1:54:13] hindi
[1:54:14] po
[1:54:14] dapat
[1:54:14] hayaang
[1:54:15] pagkakitaan
[1:54:16] ang mga
[1:54:16] ordinary
[1:54:17] mamamayan
[1:54:17] sa
[1:54:17] gitna
[1:54:18] ng
[1:54:18] krisis
[1:54:18] Tanya
[1:54:20] din
[1:54:21] po
[1:54:21] ngayon
[1:54:21] ang
[1:54:21] pagmamasama
[1:54:22] sa
[1:54:23] inisiyatibo
[1:54:24] ng marami
[1:54:24] na
[1:54:24] humanap
[1:54:25] ng
[1:54:25] alternatibo
[1:54:27] sa
[1:54:27] mahal
[1:54:27] na
[1:54:27] kuryente
[1:54:28] ang
[1:54:28] tawag
[1:54:29] po
[1:54:29] ng
[1:54:29] Miralco
[1:54:30] Guerilla
[1:54:31] Solar
[1:54:31] Sa
[1:54:32] totoo
[1:54:32] lamang
[1:54:32] po
[1:54:33] ang
[1:54:33] simbahan
[1:54:33] ay ilang
[1:54:34] taon
[1:54:34] nang
[1:54:34] pinagsisikapan
[1:54:35] na magkaroon
[1:54:35] ng mga
[1:54:36] solar
[1:54:36] rooftop
[1:54:36] ang mga
[1:54:37] parokya
[1:54:37] dahil
[1:54:38] si sa
[1:54:38] mga
[1:54:38] komunidad
[1:54:39] namin
[1:54:39] totoong
[1:54:40] dapat
[1:54:40] tinitiyak
[1:54:41] na ligtas
[1:54:41] ang paggamit
[1:54:42] ng
[1:54:42] solar
[1:54:42] at
[1:54:43] namiganda
[1:54:44] ang
[1:54:44] kalidad
[1:54:44] ng
[1:54:44] materials
[1:54:45] ito
[1:54:45] pero
[1:54:45] hindi
[1:54:46] po kami
[1:54:46] sang-ayon
[1:54:47] sa mga
[1:54:47] panukalang
[1:54:48] pila
[1:54:48] gusto
[1:54:48] itong
[1:54:49] limitahan
[1:54:49] hindi
[1:54:50] sinusupil
[1:54:51] kundi
[1:54:52] sinusoportahan
[1:54:52] hindi
[1:54:53] po
[1:54:53] karagdagang
[1:54:54] regulasyon
[1:54:54] ang dapat
[1:54:55] isulong
[1:54:55] ng
[1:54:55] pamahalaan
[1:54:56] kundi
[1:54:56] malawak
[1:54:57] ang
[1:54:57] pagpalaganan
[1:54:58] ng
[1:54:58] kaalaman
[1:54:58] at
[1:54:59] ng
[1:54:59] mga
[1:54:59] mekanismong
[1:55:00] pwedeng
[1:55:00] gamitin
[1:55:01] para
[1:55:01] makapagpundar
[1:55:01] ang
[1:55:02] taong
[1:55:02] bayan
[1:55:02] ng
[1:55:02] sarili
[1:55:03] nilang
[1:55:03] solar
[1:55:04] rooftops
[1:55:04] sa
[1:55:05] ligtas
[1:55:05] sa
[1:55:05] paraan
[1:55:06] at
[1:55:06] lalong
[1:55:07] madaling
[1:55:07] panahon
[1:55:08] minumukahe
[1:55:09] nga po
[1:55:10] namin
[1:55:10] na
[1:55:10] ating
[1:55:11] pamahalaan
[1:55:12] mismo
[1:55:12] ang
[1:55:12] manguna
[1:55:12] sa
[1:55:13] paglalaan
[1:55:13] ng
[1:55:13] budget
[1:55:14] para
[1:55:14] sa
[1:55:14] malawak
[1:55:15] ang
[1:55:15] deployment
[1:55:16] ng
[1:55:16] solar
[1:55:16] rooftops
[1:55:17] bilang
[1:55:17] bahagi
[1:55:17] ng
[1:55:18] energy
[1:55:18] response
[1:55:19] ng
[1:55:19] bansa
[1:55:20] ang
[1:55:20] ating
[1:55:20] gobyerno
[1:55:21] po
[1:55:21] mismo
[1:55:21] ang
[1:55:22] dapat
[1:55:22] naging
[1:55:23] agresibo
[1:55:23] sa
[1:55:24] deployment
[1:55:24] ng
[1:55:24] solar
[1:55:25] lalo
[1:55:25] na
[1:55:25] sa
[1:55:25] mga
[1:55:26] vulnerable
[1:55:26] sector
[1:55:27] pinakamahirap
[1:55:28] ng
[1:55:28] mga
[1:55:28] kababayan
[1:55:28] natin
[1:55:29] at
[1:55:29] mga
[1:55:29] sa
[1:55:30] mga
[1:55:30] off-grid
[1:55:30] areas
[1:55:31] na
[1:55:31] langis
[1:55:32] at
[1:55:32] bunker
[1:55:32] fuels
[1:55:32] pa rin
[1:55:33] ang gamit
[1:55:33] para sa
[1:55:34] kuryente
[1:55:34] kung kaya
[1:55:35] sobrang
[1:55:35] mahal
[1:55:35] ng presyo
[1:55:36] sa atin
[1:55:37] pong
[1:55:37] at lagi
[1:55:38] pong
[1:55:38] may
[1:55:38] outage
[1:55:39] panghuli
[1:55:39] na po
[1:55:40] ininginipo
[1:55:41] namin
[1:55:42] na isulong
[1:55:42] ng mga
[1:55:43] mababatas
[1:55:44] natin
[1:55:44] ang
[1:55:44] pangmatagalang
[1:55:45] proteksyon
[1:55:46] para sa
[1:55:46] mga
[1:55:46] Pilipino
[1:55:47] sa iba
[1:55:47] pang
[1:55:48] mga
[1:55:48] krisis
[1:55:49] sa hinaharap
[1:55:50] ang
[1:55:50] pagpabilis
[1:55:51] at
[1:55:51] pagangat
[1:55:52] sa
[1:55:52] ambisyon
[1:55:53] ng
[1:55:53] bansa
[1:55:54] para
[1:55:54] sa
[1:55:55] renewable
[1:55:56] energy
[1:55:56] para
[1:55:57] makawala
[1:55:58] ang mga
[1:55:58] kababayan
[1:55:59] natin
[1:55:59] mula
[1:56:00] sa
[1:56:00] mahal
[1:56:01] at
[1:56:01] di
[1:56:01] maaasahang
[1:56:02] kuryente
[1:56:03] mula
[1:56:04] sa
[1:56:04] coal
[1:56:04] gas
[1:56:05] at
[1:56:06] langis
[1:56:06] kanina
[1:56:06] pa po
[1:56:07] panghuli
[1:56:08] po
[1:56:08] pinag-uusapan
[1:56:09] po
[1:56:10] yung
[1:56:10] yung
[1:56:11] pass
[1:56:12] through
[1:56:12] cost
[1:56:12] saka
[1:56:13] yung
[1:56:13] outages
[1:56:14] so
[1:56:15] ang
[1:56:15] sagot
[1:56:15] po
[1:56:15] dito
[1:56:16] talaga
[1:56:16] renewable
[1:56:16] energy
[1:56:17] so
[1:56:18] diversifying
[1:56:19] and
[1:56:20] developing
[1:56:20] renewable
[1:56:20] energy
[1:56:21] further
[1:56:22] stabilizes
[1:56:22] supply
[1:56:23] and
[1:56:24] is
[1:56:24] more
[1:56:24] reliable
[1:56:25] so
[1:56:26] then
[1:56:27] RE
[1:56:27] has
[1:56:27] no
[1:56:28] pass
[1:56:28] through
[1:56:28] no
[1:56:30] imported
[1:56:30] pure
[1:56:30] not
[1:56:31] vulnerable
[1:56:32] to
[1:56:32] volatile
[1:56:32] prices
[1:56:33] in
[1:56:33] the
[1:56:33] global
[1:56:34] market
[1:56:34] easily
[1:56:35] deployable
[1:56:36] and
[1:56:36] is
[1:56:37] currently
[1:56:37] being
[1:56:37] used
[1:56:38] by
[1:56:38] a
[1:56:38] growing
[1:56:38] numbers
[1:56:39] of
[1:56:39] consumers
[1:56:39] to
[1:56:40] combat
[1:56:40] higher
[1:56:41] prices
[1:56:42] marami
[1:56:42] salamat
[1:56:43] po
[1:56:43] madam
[1:56:43] chair
[1:56:43] thank
[1:56:45] you
[1:56:46] very
[1:56:46] much
[1:56:46] father
[1:56:47] uno
[1:56:48] let's
[1:56:49] now
[1:56:49] go
[1:56:50] to
[1:56:50] the
[1:56:50] last
[1:56:50] two
[1:56:51] let
[1:56:52] me
[1:56:52] call
[1:56:53] on
[1:56:53] the
[1:56:53] energy
[1:56:54] lawyers
[1:56:54] association
[1:56:55] of
[1:56:55] the
[1:56:55] philippines
[1:56:56] attorney
[1:56:59] incarnation
[1:57:00] and
[1:57:00] then
[1:57:01] I
[1:57:02] think
[1:57:02] it's
[1:57:02] the
[1:57:02] last
[1:57:03] resource
[1:57:05] person
[1:57:06] or
[1:57:06] resource
[1:57:07] group
[1:57:07] the
[1:57:07] independent
[1:57:08] electricity
[1:57:08] market
[1:57:09] operator
[1:57:10] of the
[1:57:10] philippines
[1:57:10] you'll
[1:57:10] be
[1:57:11] next
[1:57:11] thank
[1:57:11] you
[1:57:11] go
[1:57:11] ahead
[1:57:11] ma'am
[1:57:12] thank
[1:57:12] you
[1:57:12] very
[1:57:12] much
[1:57:13] your
[1:57:13] honor
[1:57:13] we
[1:57:14] want
[1:57:14] to
[1:57:15] thank
[1:57:15] we
[1:57:15] have
[1:57:15] submitted
[1:57:16] our
[1:57:16] position
[1:57:17] paper
[1:57:17] in
[1:57:17] this
[1:57:17] matter
[1:57:18] and
[1:57:18] we
[1:57:18] want
[1:57:18] to
[1:57:18] introduce
[1:57:19] our
[1:57:19] sales
[1:57:19] we
[1:57:20] are
[1:57:20] an
[1:57:20] organization
[1:57:21] of
[1:57:21] lawyers
[1:57:21] specializing
[1:57:22] in
[1:57:22] the
[1:57:22] energy
[1:57:23] sector
[1:57:24] with
[1:57:25] objectives
[1:57:25] of
[1:57:25] promoting
[1:57:26] professional
[1:57:26] excellence
[1:57:27] and integrity
[1:57:28] among us
[1:57:30] while
[1:57:30] advocating
[1:57:31] a fair
[1:57:31] competitive
[1:57:31] and
[1:57:32] sustainability
[1:57:32] driven
[1:57:33] energy
[1:57:33] sector
[1:57:34] to
[1:57:35] facilitate
[1:57:36] your
[1:57:36] honor
[1:57:36] we
[1:57:36] support
[1:57:37] the
[1:57:37] position
[1:57:37] of
[1:57:38] the
[1:57:39] honorable
[1:57:39] senator
[1:57:39] legarda
[1:57:40] and removing
[1:57:41] the
[1:57:42] value
[1:57:42] added
[1:57:43] tax
[1:57:43] on
[1:57:44] the
[1:57:44] system
[1:57:44] losses
[1:57:45] we
[1:57:46] wish
[1:57:46] to
[1:57:46] read
[1:57:47] a
[1:57:47] portion
[1:57:48] of
[1:57:48] our
[1:57:48] position
[1:57:48] paper
[1:57:49] we
[1:57:50] note
[1:57:50] that
[1:57:50] the
[1:57:50] recovery
[1:57:51] of
[1:57:51] our
[1:57:51] system
[1:57:51] loss
[1:57:52] is
[1:57:52] a
[1:57:52] mechanism
[1:57:52] by
[1:57:53] which
[1:57:53] de-use
[1:57:54] pass
[1:57:54] on
[1:57:54] to
[1:57:54] consumers
[1:57:55] the
[1:57:55] cost
[1:57:55] of
[1:57:56] electricity
[1:57:56] that
[1:57:57] was
[1:57:57] lost
[1:57:57] due
[1:57:58] to
[1:57:58] the
[1:57:58] following
[1:57:58] reasons
[1:57:59] technical
[1:57:59] energy
[1:58:00] is
[1:58:01] normally
[1:58:01] dissipated
[1:58:02] as
[1:58:02] heat
[1:58:02] as
[1:58:03] it
[1:58:03] travels
[1:58:03] to
[1:58:04] the
[1:58:04] wire
[1:58:04] and
[1:58:05] non-technical
[1:58:05] reasons
[1:58:06] primarily
[1:58:06] due
[1:58:07] to
[1:58:07] pilferage
[1:58:08] and
[1:58:10] effectively
[1:58:11] this
[1:58:12] is
[1:58:12] a
[1:58:12] component
[1:58:13] of
[1:58:14] consumer
[1:58:14] bills
[1:58:14] that
[1:58:15] is
[1:58:15] not
[1:58:15] a
[1:58:15] result
[1:58:15] of
[1:58:16] its
[1:58:16] energy
[1:58:16] consumption
[1:58:17] but
[1:58:18] an
[1:58:18] incident
[1:58:18] arising
[1:58:19] from
[1:58:19] physics
[1:58:20] inefficiencies
[1:58:20] in
[1:58:21] curbing
[1:58:21] pilferages
[1:58:22] and
[1:58:22] the
[1:58:22] failure
[1:58:23] to
[1:58:23] install
[1:58:23] wires
[1:58:24] that
[1:58:24] will
[1:58:24] reduce
[1:58:25] the
[1:58:25] amount
[1:58:25] of
[1:58:26] line
[1:58:26] losses
[1:58:26] considering
[1:58:28] its
[1:58:28] nature
[1:58:29] the
[1:58:29] pass
[1:58:29] on
[1:58:29] charge
[1:58:30] for
[1:58:30] system
[1:58:30] losses
[1:58:31] does
[1:58:31] not
[1:58:31] provide
[1:58:31] benefit
[1:58:32] or
[1:58:32] gain
[1:58:33] to
[1:58:33] any
[1:58:33] other
[1:58:34] consumer
[1:58:34] nor
[1:58:35] is
[1:58:35] electricity
[1:58:36] consumed
[1:58:37] by
[1:58:37] the
[1:58:38] energy
[1:58:38] consumers
[1:58:38] which
[1:58:40] as a
[1:58:41] vatable
[1:58:42] transaction
[1:58:42] because
[1:58:43] that
[1:58:44] is
[1:58:44] a
[1:58:45] consumption
[1:58:45] tax
[1:58:46] and
[1:58:46] if
[1:58:46] your
[1:58:47] consumer
[1:58:47] do
[1:58:47] not
[1:58:48] consume
[1:58:48] such
[1:58:49] commodity
[1:58:50] then
[1:58:51] it's
[1:58:51] not
[1:58:51] a
[1:58:51] vatable
[1:58:52] transaction
[1:58:52] this
[1:58:53] is
[1:58:53] our
[1:58:53] position
[1:58:53] nevertheless
[1:58:54] we
[1:58:55] do
[1:58:55] acknowledge
[1:58:55] that
[1:58:56] it's
[1:58:57] part
[1:58:57] of
[1:58:57] the
[1:58:58] gross
[1:58:58] sales
[1:58:58] of
[1:58:59] generators
[1:58:59] and
[1:59:00] the
[1:59:01] position
[1:59:02] of
[1:59:02] the
[1:59:02] chairman
[1:59:03] Nino
[1:59:03] might
[1:59:04] have
[1:59:04] might
[1:59:06] be
[1:59:06] taken
[1:59:07] into
[1:59:07] consideration
[1:59:08] the
[1:59:09] possibility
[1:59:09] that
[1:59:10] the
[1:59:10] component
[1:59:11] of
[1:59:11] system
[1:59:11] losses
[1:59:12] will
[1:59:12] be
[1:59:12] carved
[1:59:13] out
[1:59:13] as
[1:59:14] gross
[1:59:15] sales
[1:59:15] for
[1:59:16] generators
[1:59:17] because
[1:59:18] this
[1:59:18] is
[1:59:19] treated
[1:59:19] as
[1:59:19] part
[1:59:20] of
[1:59:20] their
[1:59:20] gross
[1:59:20] sales
[1:59:21] relative
[1:59:22] to
[1:59:22] the
[1:59:22] mechanics
[1:59:23] of
[1:59:23] this
[1:59:23] maybe
[1:59:24] this
[1:59:25] is
[1:59:25] just
[1:59:25] a
[1:59:25] matter
[1:59:25] that
[1:59:26] we
[1:59:26] can
[1:59:26] consider
[1:59:27] or
[1:59:28] if
[1:59:29] we
[1:59:31] can
[1:59:31] also
[1:59:31] consider
[1:59:31] an
[1:59:32] amendment
[1:59:32] of
[1:59:32] the
[1:59:32] IPERA
[1:59:33] relative
[1:59:33] to
[1:59:34] systems
[1:59:35] losses
[1:59:36] of
[1:59:36] subvertible
[1:59:36] transaction
[1:59:37] Thank you
[1:59:42] and
[1:59:44] finally
[1:59:44] let's
[1:59:45] go to
[1:59:45] the
[1:59:45] independent
[1:59:46] electricity
[1:59:46] market
[1:59:47] operator
[1:59:48] Engineer
[1:59:50] Robinson
[1:59:50] Discanso
[1:59:51] President
[1:59:52] and CEO
[1:59:53] Thank
[1:59:54] you Madam
[1:59:54] Chair
[1:59:55] The
[1:59:57] Wholesale
[1:59:57] Electricity
[1:59:58] Spot
[1:59:59] Market
[1:59:59] serves
[2:00:00] the
[2:00:00] central
[2:00:01] venue
[2:00:02] for
[2:00:03] trading
[2:00:03] the
[2:00:03] electricity
[2:00:04] where
[2:00:05] the
[2:00:05] generators
[2:00:06] can
[2:00:06] sell
[2:00:07] their
[2:00:07] capacities
[2:00:08] and
[2:00:08] distribution
[2:00:10] utilities
[2:00:11] ECs
[2:00:12] rest
[2:00:12] and
[2:00:13] big
[2:00:13] customers
[2:00:14] can
[2:00:15] buy
[2:00:15] part
[2:00:17] of
[2:00:17] their
[2:00:18] consumption
[2:00:18] mostly
[2:00:20] the
[2:00:20] consumption
[2:00:21] of
[2:00:21] these
[2:00:21] deals
[2:00:24] and
[2:00:24] ECs
[2:00:25] are
[2:00:25] covered
[2:00:25] by
[2:00:25] contract
[2:00:26] but
[2:00:26] in
[2:00:26] the
[2:00:27] spot
[2:00:27] market
[2:00:27] around
[2:00:28] historically
[2:00:29] around
[2:00:29] 15%
[2:00:31] to
[2:00:31] 25%
[2:00:32] is
[2:00:32] traded
[2:00:33] through
[2:00:33] the
[2:00:33] spot
[2:00:34] ito
[2:00:34] po
[2:00:34] yung
[2:00:34] portion
[2:00:35] na
[2:00:35] hindi
[2:00:35] covered
[2:00:35] ng
[2:00:36] kontrata
[2:00:37] ng
[2:00:37] mga
[2:00:37] utilities
[2:00:38] so
[2:00:39] the
[2:00:41] prices
[2:00:42] in
[2:00:42] the
[2:00:42] market
[2:00:43] nagbabago
[2:00:43] bago
[2:00:44] po yan
[2:00:44] depende
[2:00:45] sa
[2:00:45] oras
[2:00:45] at
[2:00:46] saka
[2:00:46] depende
[2:00:46] sa
[2:00:47] if
[2:00:48] it's
[2:00:48] summer
[2:00:48] or
[2:00:49] Christmas
[2:00:51] season
[2:00:52] po
[2:00:52] at
[2:00:53] apektado
[2:00:54] po
[2:00:54] yung
[2:00:54] preso
[2:00:55] ng
[2:00:55] mga
[2:00:56] biniyan
[2:00:58] sa
[2:00:58] merkado
[2:00:58] lalo-lalo
[2:01:01] na
[2:01:01] pag
[2:01:01] matasang
[2:01:02] demand
[2:01:02] so
[2:01:03] kailangan
[2:01:03] po
[2:01:03] maraming
[2:01:04] generators
[2:01:05] na
[2:01:06] will
[2:01:08] be
[2:01:09] scheduled
[2:01:10] sa
[2:01:10] market
[2:01:10] because
[2:01:11] the
[2:01:13] manner
[2:01:14] that
[2:01:15] these
[2:01:15] generators
[2:01:16] are
[2:01:16] arranged
[2:01:17] po
[2:01:18] sa
[2:01:18] unahin
[2:01:19] natin
[2:01:19] yung
[2:01:19] pinakamura
[2:01:20] ang
[2:01:20] offer
[2:01:21] sa
[2:01:21] market
[2:01:22] and
[2:01:22] then
[2:01:22] kung
[2:01:23] kailangan
[2:01:23] pa
[2:01:23] ng
[2:01:23] additional
[2:01:24] will
[2:01:24] call
[2:01:25] on
[2:01:25] the
[2:01:25] next
[2:01:25] which
[2:01:26] carries
[2:01:26] higher
[2:01:27] more
[2:01:28] expensive
[2:01:29] well
[2:01:30] higher
[2:01:30] price
[2:01:30] than
[2:01:31] the
[2:01:31] previous
[2:01:31] one
[2:01:32] so
[2:01:32] pag
[2:01:32] mataas
[2:01:33] ang
[2:01:33] demand
[2:01:33] mataas
[2:01:34] po
[2:01:34] ang
[2:01:34] presyo
[2:01:35] lalo
[2:01:35] na
[2:01:36] pag
[2:01:36] summer
[2:01:36] and
[2:01:37] then
[2:01:37] pag
[2:01:37] yung
[2:01:39] mga
[2:01:39] generators
[2:01:39] kasi
[2:01:40] should
[2:01:40] be
[2:01:40] available
[2:01:41] eto
[2:01:43] po
[2:01:43] kasi
[2:01:43] yung
[2:01:43] mga
[2:01:43] pinilano
[2:01:44] ng
[2:01:44] DOE
[2:01:45] na
[2:01:45] by
[2:01:45] this
[2:01:46] time
[2:01:46] eto
[2:01:46] na
[2:01:46] yung
[2:01:46] mga
[2:01:46] generators
[2:01:47] na
[2:01:47] nakapasok
[2:01:48] sa
[2:01:48] system
[2:01:50] so
[2:01:50] in
[2:01:51] real
[2:01:51] time
[2:01:51] pag
[2:01:52] merong
[2:01:52] mga
[2:01:52] generators
[2:01:53] na
[2:01:53] wala
[2:01:54] lalo
[2:01:54] lalo
[2:01:54] na
[2:01:55] kung
[2:01:55] ito
[2:01:55] yung
[2:01:55] base
[2:01:56] load
[2:01:56] tatas
[2:01:57] po
[2:01:57] yung
[2:01:57] presyo
[2:01:58] because
[2:01:58] yung
[2:02:00] next
[2:02:00] plant
[2:02:03] ay
[2:02:03] yung
[2:02:03] available
[2:02:04] which
[2:02:04] carries
[2:02:05] a
[2:02:05] higher
[2:02:06] price
[2:02:06] and
[2:02:07] also
[2:02:08] sa
[2:02:08] transmission
[2:02:10] system
[2:02:11] kailangan
[2:02:12] po
[2:02:12] talaga
[2:02:12] malakas
[2:02:15] transmission
[2:02:16] system
[2:02:17] at
[2:02:17] can
[2:02:19] export
[2:02:20] power
[2:02:21] from
[2:02:21] the
[2:02:21] generators
[2:02:22] to
[2:02:22] the
[2:02:22] use
[2:02:22] kaya
[2:02:23] po
[2:02:23] nagkakaroon
[2:02:24] ng
[2:02:24] major
[2:02:25] transmission
[2:02:26] line
[2:02:26] out
[2:02:27] is
[2:02:27] nagkakaroon
[2:02:27] din
[2:02:28] ng
[2:02:28] re-scheduling
[2:02:31] mga
[2:02:32] plant
[2:02:32] at
[2:02:32] tumatas
[2:02:33] yung
[2:02:33] presyo
[2:02:34] sa
[2:02:34] market
[2:02:34] so
[2:02:35] sa
[2:02:36] market
[2:02:37] po
[2:02:37] we
[2:02:38] implement
[2:02:39] yung
[2:02:40] collection
[2:02:41] ng
[2:02:41] VAT
[2:02:41] ito
[2:02:43] UT
[2:02:43] based
[2:02:44] national
[2:02:47] internal
[2:02:48] revenue
[2:02:48] code
[2:02:48] but
[2:02:49] if
[2:02:50] the
[2:02:52] proposals
[2:02:55] are
[2:02:56] to
[2:02:56] exempt
[2:02:57] from
[2:02:57] the
[2:02:58] electricity
[2:02:58] from
[2:02:58] VAT
[2:02:59] collection
[2:03:00] we
[2:03:01] want
[2:03:03] to
[2:03:04] maintain
[2:03:04] our
[2:03:05] neutrality
[2:03:06] but
[2:03:06] of course
[2:03:07] we'll
[2:03:08] abide
[2:03:08] whatever
[2:03:09] is
[2:03:09] approved
[2:03:11] Madam
[2:03:12] Chair
[2:03:12] maraming
[2:03:13] salamat
[2:03:13] po
[2:03:13] thank
[2:03:17] thank
[2:03:17] you
[2:03:17] thank
[2:04:02] you
[2:04:03] for
[2:04:03] everyone's
[2:04:03] input
[2:04:04] I
[2:04:05] just
[2:04:05] want
[2:04:05] to
[2:04:05] make
[2:04:05] a
[2:04:06] closing
[2:04:06] statement
[2:04:07] before
[2:04:07] we
[2:04:08] suspend
[2:04:09] we're
[2:04:09] not
[2:04:09] going
[2:04:09] to
[2:04:09] adjourn
[2:04:10] this
[2:04:10] is
[2:04:10] really
[2:04:10] just
[2:04:10] the
[2:04:11] beginning
[2:04:11] of
[2:04:11] our
[2:04:11] discussions
[2:04:12] on
[2:04:12] all
[2:04:12] these
[2:04:12] issues
[2:04:13] so
[2:04:14] give
[2:04:14] me
[2:04:15] a
[2:04:15] moment
[2:04:15] to
[2:04:15] just
[2:04:16] pull
[2:04:16] out
[2:04:16] my
[2:04:16] notes
[2:04:16] okay
[2:05:53] so
[2:05:57] even
[2:05:57] even
[2:05:58] on
[2:05:58] the
[2:05:58] main
[2:05:59] topic
[2:05:59] which
[2:05:59] is
[2:05:59] yung
[2:06:00] how
[2:06:01] all
[2:06:02] of
[2:06:02] these
[2:06:02] charges
[2:06:02] affect
[2:06:03] our
[2:06:04] electricity
[2:06:04] bill
[2:06:05] medyo
[2:06:06] hindi
[2:06:06] pa
[2:06:06] nga
[2:06:06] natin
[2:06:07] na
[2:06:07] cover
[2:06:09] lahat
[2:06:09] but
[2:06:09] we've
[2:06:10] already
[2:06:10] started
[2:06:10] with a
[2:06:11] very
[2:06:11] good
[2:06:11] discussion
[2:06:12] everyone
[2:06:13] wala
[2:06:14] yatang
[2:06:14] may
[2:06:14] isang
[2:06:14] tao
[2:06:14] dito
[2:06:15] na
[2:06:15] nagsabi
[2:06:15] naman
[2:06:16] na
[2:06:16] ayaw
[2:06:17] natin
[2:06:17] bumaba
[2:06:17] ang
[2:06:18] presyo
[2:06:18] ng
[2:06:18] kuryente
[2:06:19] lahat
[2:06:19] naman
[2:06:20] nagkakaisa
[2:06:20] doon
[2:06:21] ang
[2:06:21] tanong
[2:06:21] na lang
[2:06:22] is
[2:06:22] papaano
[2:06:23] papano
[2:06:24] gagawin
[2:06:24] yun
[2:06:24] ano
[2:06:24] yung
[2:06:25] low
[2:06:25] hanging
[2:06:25] fruit
[2:06:26] ako
[2:06:26] kasi
[2:06:26] gusto
[2:06:27] ko
[2:06:27] pala
[2:06:27] atin
[2:06:27] ano
[2:06:27] yung
[2:06:28] madali
[2:06:28] gawin
[2:06:28] na
[2:06:28] natin
[2:06:28] kaagad
[2:06:29] diba
[2:06:29] or
[2:06:30] ano
[2:06:30] naman
[2:06:31] yung
[2:06:31] huwag
[2:06:31] essential
[2:06:32] yan
[2:06:32] ituloy
[2:06:33] natin
[2:06:33] yung
[2:06:34] program
[2:06:34] yan
[2:06:34] kasi
[2:06:35] napaka
[2:06:35] importante
[2:06:36] like
[2:06:36] for
[2:06:36] example
[2:06:36] the
[2:06:36] lifeline
[2:06:37] wala
[2:06:37] naman
[2:06:37] din
[2:06:38] siguro
[2:06:38] magsasabi
[2:06:38] na
[2:06:39] huwag
[2:06:39] natin
[2:06:39] tulungan
[2:06:39] yung
[2:06:39] pinakamahirap
[2:06:40] sa
[2:06:40] lahat
[2:06:41] ng
[2:06:41] sektor
[2:06:42] natin
[2:06:53] struggle
[2:06:53] to
[2:06:54] even
[2:06:54] survive
[2:06:54] so
[2:06:55] the
[2:06:56] chairman
[2:06:56] respectfully
[2:06:57] submits
[2:06:58] that
[2:06:58] kailangan
[2:06:59] natin
[2:07:00] ma-preserve
[2:07:00] yun
[2:07:00] and
[2:07:01] kung
[2:07:01] pwede
[2:07:01] pa
[2:07:01] nga
[2:07:02] sanang
[2:07:02] madagdagan
[2:07:02] ng
[2:07:02] konti
[2:07:03] kasi
[2:07:03] yung
[2:07:04] 100%
[2:07:05] na
[2:07:05] kinukover
[2:07:05] na
[2:07:06] 50
[2:07:06] kilowatts
[2:07:07] eh
[2:07:07] medyo
[2:07:08] maliit
[2:07:09] lang
[2:07:09] hindi
[2:07:10] napakaraming
[2:07:12] appliances
[2:07:12] sa bahay
[2:07:13] ang nakukover
[2:07:14] niyan
[2:07:14] talagang
[2:07:14] sobrang
[2:07:15] basic
[2:07:15] lang
[2:07:15] doon
[2:07:17] naman
[2:07:17] sa
[2:07:17] pag
[2:07:19] exempt
[2:07:20] sa
[2:07:20] VAT
[2:07:21] for the
[2:07:21] sale of
[2:07:22] electricity
[2:07:22] by
[2:07:22] generation
[2:07:23] transmission
[2:07:23] distribution
[2:07:25] including
[2:07:25] services
[2:07:26] by
[2:07:26] franchise
[2:07:27] grantees
[2:07:28] ang
[2:07:28] sabi
[2:07:28] ng
[2:07:28] DOF
[2:07:30] this is
[2:07:30] 84 to
[2:07:31] 106
[2:07:32] billion
[2:07:33] pesos
[2:07:33] ang
[2:07:33] impact
[2:07:34] noon
[2:07:34] no
[2:07:35] you say
[2:07:35] Carlo
[2:07:36] tama ba
[2:07:36] yung sinabi ko
[2:07:37] 84 to
[2:07:38] 106
[2:07:38] billion
[2:07:38] pesos
[2:07:39] ako po
[2:07:40] ay nag-chair
[2:07:40] na rin
[2:07:41] ng
[2:07:41] subcommittees
[2:07:43] ng
[2:07:43] Committee on
[2:07:45] Finance
[2:07:45] in the
[2:07:46] Senate
[2:07:46] and I
[2:07:47] can tell
[2:07:47] you
[2:07:47] na yung
[2:07:47] 84 to
[2:07:50] 100
[2:07:50] billion
[2:07:50] malaki
[2:07:51] talaga
[2:07:51] ang
[2:07:51] impact
[2:07:51] noon
[2:07:52] sa
[2:07:52] education
[2:07:52] sa
[2:07:53] health
[2:07:54] sa
[2:07:54] ating
[2:07:55] mga
[2:07:55] social
[2:07:55] services
[2:07:56] malaking
[2:07:56] impact
[2:07:57] yun
[2:07:57] so
[2:07:58] hindi
[2:08:00] rin
[2:08:00] ako
[2:08:00] mahilig
[2:08:00] magpasa
[2:08:01] ng
[2:08:01] bill
[2:08:01] na
[2:08:02] mabivito
[2:08:02] lang
[2:08:02] ng
[2:08:03] administration
[2:08:04] kasi
[2:08:04] sayang
[2:08:05] lang din
[2:08:05] ang
[2:08:05] oras
[2:08:06] nating
[2:08:06] lahat
[2:08:06] so
[2:08:07] kailangan
[2:08:07] pag
[2:08:07] aralan
[2:08:08] ng
[2:08:08] mabuti
[2:08:08] to
[2:08:08] na
[2:08:08] can
[2:08:09] we
[2:08:09] exempt
[2:08:10] na
[2:08:10] lang
[2:08:10] meron
[2:08:11] bang
[2:08:11] portions
[2:08:12] or
[2:08:13] yung
[2:08:13] sectors
[2:08:14] na
[2:08:14] pwedeng
[2:08:15] target
[2:08:15] in
[2:08:16] so
[2:08:16] there
[2:08:17] were
[2:08:17] some
[2:08:18] suggestions
[2:08:18] also
[2:08:18] and
[2:08:19] there's
[2:08:19] actually
[2:08:19] a
[2:08:19] bill
[2:08:19] on
[2:08:20] VAT
[2:08:20] exemption
[2:08:21] dun
[2:08:22] sa
[2:08:22] ibang
[2:08:22] like
[2:08:23] the
[2:08:23] subsidy
[2:08:23] that's
[2:08:25] the one
[2:08:25] that has
[2:08:25] the
[2:08:26] there's
[2:08:27] a bill
[2:08:27] like
[2:08:27] that
[2:08:27] right
[2:08:27] yeah
[2:08:28] so
[2:08:28] those
[2:08:29] are
[2:08:29] the
[2:08:29] ones
[2:08:29] that
[2:08:29] again
[2:08:30] we
[2:08:30] can
[2:08:30] consider
[2:08:30] kasi
[2:08:31] limited
[2:08:31] yun
[2:08:32] mas
[2:08:32] maliit
[2:08:32] yung
[2:08:33] mas
[2:08:35] maliit
[2:08:36] ang
[2:08:36] tatamaan
[2:08:37] revenues
[2:08:38] ng
[2:08:38] gobyerno
[2:08:39] pag
[2:08:39] doon
[2:08:40] tayo
[2:08:40] nagfocus
[2:08:40] I'm
[2:08:41] not
[2:08:41] saying
[2:08:41] that's
[2:08:42] what
[2:08:42] we're
[2:08:42] going
[2:08:42] to
[2:08:42] do
[2:08:42] I'm
[2:08:42] just
[2:08:43] trying
[2:08:44] to
[2:08:44] put
[2:08:45] together
[2:08:45] the
[2:08:45] different
[2:08:46] inputs
[2:08:46] that
[2:08:46] we're
[2:08:46] getting
[2:08:47] based
[2:08:47] also
[2:08:48] on the
[2:08:48] bills
[2:08:49] that
[2:08:49] have
[2:08:49] been
[2:08:50] filed
[2:08:50] what
[2:08:52] else
[2:08:52] is
[2:08:53] my
[2:08:53] major
[2:08:53] takeaway
[2:08:54] yung
[2:08:55] isang
[2:08:55] major
[2:08:55] takeaway
[2:08:56] ko
[2:08:56] rin
[2:08:56] is
[2:08:57] yung
[2:08:59] paulit
[2:08:59] ulit
[2:08:59] na
[2:09:00] sinabi
[2:09:00] ng
[2:09:00] ating
[2:09:01] mga
[2:09:01] government
[2:09:02] agencies
[2:09:02] and
[2:09:03] even
[2:09:03] some
[2:09:03] from
[2:09:03] the
[2:09:04] private
[2:09:04] sector
[2:09:04] that
[2:09:05] pagka
[2:09:08] like
[2:09:09] yung
[2:09:09] sa
[2:09:09] systems
[2:09:10] losses
[2:09:10] tinanggal
[2:09:11] natin
[2:09:11] yun
[2:09:12] ang
[2:09:12] gagawin
[2:09:13] lang
[2:09:13] naman
[2:09:13] ng
[2:09:13] companies
[2:09:14] is
[2:09:15] babawiin
[2:09:16] nila
[2:09:16] yung
[2:09:16] gastos
[2:09:18] nila
[2:09:18] doon
[2:09:18] na hindi
[2:09:19] na sila
[2:09:19] nagkaroon
[2:09:20] ng
[2:09:20] subsidy
[2:09:20] gagbabawiin
[2:09:22] na lang
[2:09:22] nila
[2:09:22] tatasan
[2:09:22] din
[2:09:23] yung
[2:09:23] presyo
[2:09:23] so
[2:09:24] ganun
[2:09:24] din
[2:09:25] mataas
[2:09:25] din
[2:09:26] yung
[2:09:26] presyong
[2:09:26] kalalabasan
[2:09:27] so
[2:09:27] these
[2:09:28] are
[2:09:28] realities
[2:09:29] sinasabing
[2:09:31] nila
[2:09:31] mismo
[2:09:32] dito
[2:09:32] sa hearing
[2:09:32] natin
[2:09:33] na
[2:09:33] tatanggalin
[2:09:34] mo
[2:09:34] in
[2:09:34] one
[2:09:34] way
[2:09:34] pero
[2:09:35] they
[2:09:35] will
[2:09:36] find
[2:09:36] a
[2:09:36] way
[2:09:36] to
[2:09:37] charge
[2:09:37] it
[2:09:37] to
[2:09:37] the
[2:09:37] consumer
[2:09:38] in
[2:09:38] another
[2:09:38] way
[2:09:38] so
[2:09:39] we
[2:09:39] really
[2:09:39] want
[2:09:40] to
[2:09:40] have
[2:09:40] these
[2:09:40] candid
[2:09:41] discussions
[2:09:41] kasi
[2:09:42] ayaw
[2:09:42] naman
[2:09:42] natin
[2:09:43] makipaglokohan
[2:09:43] parang
[2:09:44] tatayo ako
[2:09:45] babandera
[2:09:46] ko
[2:09:46] na
[2:09:46] oh
[2:09:46] success
[2:09:47] tayo
[2:09:47] tinanggal
[2:09:48] natin
[2:09:48] to
[2:09:49] tapos
[2:09:49] sa next
[2:09:49] bill
[2:09:50] bakit
[2:09:50] ganun
[2:09:50] pa
[2:09:50] rin
[2:09:50] kasi
[2:09:51] bumawi
[2:09:52] na lang
[2:09:53] sila
[2:09:53] in
[2:09:53] some
[2:09:53] other
[2:09:53] way
[2:09:53] we
[2:09:54] don't
[2:09:54] want
[2:09:54] that
[2:09:54] to
[2:09:54] happen
[2:09:55] we
[2:09:56] want
[2:09:56] to
[2:09:56] be
[2:09:56] very
[2:09:57] candid
[2:09:57] technical
[2:09:58] man
[2:09:58] at
[2:09:58] maniwala
[2:09:59] kayo
[2:09:59] na
[2:09:59] technical
[2:10:00] lang
[2:10:00] din
[2:10:00] ako
[2:10:00] have
[2:10:01] to
[2:10:01] study
[2:10:02] it
[2:10:02] very
[2:10:02] carefully
[2:10:03] we
[2:10:03] will
[2:10:04] continue
[2:10:04] to
[2:10:04] dialogue
[2:10:05] with
[2:10:05] all
[2:10:05] of
[2:10:05] you
[2:10:06] we
[2:10:07] will
[2:10:07] have
[2:10:07] a
[2:10:07] next
[2:10:07] hearing
[2:10:08] wherein
[2:10:09] siguro
[2:10:10] by
[2:10:10] charge
[2:10:12] naman
[2:10:12] tayo
[2:10:12] each
[2:10:13] charge
[2:10:13] hihimayin
[2:10:14] natin
[2:10:14] I want
[2:10:15] you to
[2:10:15] come
[2:10:15] full
[2:10:15] force
[2:10:16] pa
[2:10:16] rin
[2:10:16] kasi
[2:10:16] kahit
[2:10:17] isang
[2:10:17] charge
[2:10:17] nang
[2:10:17] pinag-iusapan
[2:10:18] natin
[2:10:19] baka
[2:10:19] mamaya
[2:10:20] yung
[2:10:20] sinosupport
[2:10:21] yung
[2:10:21] issue
[2:10:21] kayo
[2:10:22] naman
[2:10:22] ang
[2:10:22] tinamaan
[2:10:23] so
[2:10:24] I
[2:10:26] request
[2:10:28] for your
[2:10:28] indulgence
[2:10:29] na
[2:10:29] mahimayin
[2:10:30] natin
[2:10:30] ito
[2:10:31] nang
[2:10:31] makahanap
[2:10:32] tayo
[2:10:32] ng
[2:10:32] solusyon
[2:10:32] sa
[2:10:33] lalong
[2:10:35] balita
[2:10:35] pa
[2:10:36] tayo
[2:10:36] at
[2:10:36] mangyayari
[2:10:37] pa
[2:10:37] yun
[2:10:37] at
[2:10:38] napakalungkot
[2:10:38] na
[2:10:39] mga
[2:10:39] mamamatay
[2:10:40] dahil
[2:10:41] sa
[2:10:41] nagka
[2:10:41] brown
[2:10:42] out
[2:10:42] dahil
[2:10:43] sa
[2:10:43] walang
[2:10:44] kuryente
[2:10:45] o
[2:10:45] dahil
[2:10:45] sa
[2:10:46] hindi
[2:10:46] nakabagbayad
[2:10:47] ng
[2:10:47] kanyang
[2:10:47] electricity
[2:10:49] bill
[2:10:49] tapos
[2:10:50] yung
[2:10:50] essential
[2:10:50] na
[2:10:51] services
[2:10:51] na
[2:10:51] dapat
[2:10:51] makarating
[2:10:52] sa
[2:10:52] kanya
[2:10:52] eh
[2:10:53] hindi
[2:10:53] nakarating
[2:10:54] ayaw
[2:10:55] natin
[2:10:55] makarinig
[2:10:56] yun
[2:10:56] so
[2:10:56] we
[2:10:57] really
[2:10:57] just
[2:10:57] have
[2:10:57] to
[2:10:58] work
[2:10:58] hard
[2:10:58] to
[2:10:58] find
[2:10:59] the
[2:10:59] solutions
[2:10:59] to
[2:10:59] all
[2:11:00] of
[2:11:00] this
[2:11:00] I
[2:11:04] think
[2:11:04] we
[2:11:04] will
[2:11:04] end
[2:11:04] on
[2:11:04] that
[2:11:05] note
[2:11:05] 2
[2:11:05] 21
[2:11:06] pa
[2:11:06] lang
[2:11:06] so
[2:11:06] makakabalik
[2:11:07] pa
[2:11:07] ko
[2:11:07] sa
[2:11:08] opisina
[2:11:08] niyo
[2:11:08] at
[2:11:09] makakapag
[2:11:10] session
[2:11:10] pa
[2:11:10] ako
[2:11:11] thank
[2:11:12] you
[2:11:12] for
[2:11:12] everyone's
[2:11:13] kind
[2:11:13] indulgence
[2:11:14] for
[2:11:14] the
[2:11:14] time
[2:11:15] and
[2:11:15] I
[2:11:15] hereby
[2:11:16] suspend
[2:11:17] this
[2:11:17] hearing
[2:11:17] until
[2:11:18] the
[2:11:18] next
[2:11:18] one
[2:11:18] thank
[2:11:19] you
[2:11:19] so
[2:11:19] much