About this transcript: This is a full AI-generated transcript of Senate holds hearing on lowering electricity bills and VAT exemption on power — May 18, 2026 from ANC 24/7, published May 18, 2026. The transcript contains 16,486 words with timestamps and was generated using Whisper AI.
"niya gawin para ma-prepare niya yung mga bata, either siya pa nga yung nanay mismo papasok din, minsan naman si nanay ay homemaker, si tatay ang papasok, minsan baliktad, iba-iba na ngayon. The point is, pagka nawalan pa ng kuryente, hindi pa nilang magawa ng maayos yung kailangan nilang gawin to..."
[2:33] niya gawin para ma-prepare niya yung mga bata, either siya pa nga yung nanay mismo papasok din,
[2:42] minsan naman si nanay ay homemaker, si tatay ang papasok, minsan baliktad, iba-iba na ngayon.
[2:47] The point is, pagka nawalan pa ng kuryente, hindi pa nilang magawa ng maayos yung kailangan nilang
[2:51] gawin to prepare for the day and that is major. Those of us who live in Metro Manila and I've lived
[2:57] in Metro Manila all my life, pero madalas akong bumiyahe sa probinsya, sobra akong na-shock
[3:03] and this is years ago, not recently, sobra akong na-shock when I saw first-hand yung
[3:08] rotational brownouts in the province. I couldn't imagine how they could even survive,
[3:14] how small businesses, how families na gusto lang ipaganda yung buhay nila,
[3:20] nag-negosyo ng konti, malilit lang ito na ng mga negosyo. Hindi sila makapag-negosyo
[3:25] ng maayos kasi 4 hours a day ang brownout. Can you imagine that? And this has been going
[3:30] on for years. Hindi lang ito ngayon, hindi lang sa administration na ito, dati pa.
[3:35] Ngayon, my brother, the Senate President, sent me this last night kasi alam niyang
[3:40] may hearing ako. Gusto niyang dumaan, I'm not sure kung makakadaan siya, pero he wanted
[3:47] to be sure na ipakita ko ito. Flash ko na lang mamaya, pero hindi ko lang naibigay ka agad
[3:53] sa staff ko kasi Sunday yun eh. Ito ang napakalungkot. So kinuwento ko nga,
[3:58] ang hirap ng buhay ng average family na mawawala ng kuryente, hindi ka makagalaw
[4:04] dun sa pang-araw-araw na kailangan mong gawin para makapag-ready for the day.
[4:09] But this is the saddest news of all. Father, 80 years old, dies after failing to nebulize
[4:17] during power outage. I see Yusek Alia nodding her head so you heard of it, no? It's so sad.
[4:26] Yung tatay mo, yung lolo mo namatay kasi pwede naman in-nebulize. First of all, as a
[4:32] longtime chairman of the Committee on Health, not every household has a nebulizer, okay?
[4:38] So kahit may asma ka dun sa ibang mahirap na pamilya, they don't have it, pupunta pa
[4:42] sila sa health center. Hindi ka na nga makahinga, pupunta ka pa sa health center kasi ka
[4:46] not afford a nebulizer. But that nebulizer alone will already save their life kasi nga
[4:50] lumuluwag yung passage mo dito na nagsisikip kung nag-aasma attack ka. So eto, an
[4:57] 80-year-old father in Laguna died after failing to undergo nebulization during a
[5:02] rotational brownout. Di ka naman kailangan mamatay sa asma eh, di ba? Pero dahil sa
[5:09] brownout na matay. So that is, suddenly this brownout becomes life-threatening. And can you
[5:19] siguro lahat ng malalaking hospital may mga, ano naman yan, generator.
[5:24] Pero paano yung mga health center natin? Kung tapos yung health center, nandyan
[5:29] naman yung mga nebulizer. Di naman kailangan pumunta sa hospital para lang magpa-nebulize.
[5:35] Eh what more pa kung may mga minor procedures na kailangan gawin. So that is the situation
[5:43] we have. And it's not acceptable. So kailangan natin trabahuhin ng maayos to.
[5:48] So ang resource persons natin, iba-iba expertise natin. We have those from the
[6:00] government panel who will speak. And then we have those from the private sector. We
[6:03] will all speak. But then all of us have our own experience from our individual
[6:07] capacity. So I'm here sharing the meeting. Ako po yung makikinig. That is my job.
[6:11] Makinig, no? And then to consolidate all of these concerns, solutions. But in the end,
[6:18] I never separate the reality that I bring to this hearing my personal experiences as
[6:26] a mother, as a woman. And kaya dun parati yung aking point of view. If there are others
[6:33] here, my other colleagues na from a male point of view, let's say from our DSWD, you can
[6:39] share from the perspective ng isang farmer, from a fisherman, then that's why we're all
[6:44] here to share the perspective, the realities that we see. Now, this is what I see will
[6:51] be a bit, this is what our challenge will be, no? Unahan ko na. And then I will end my
[6:57] discussion and give the floor to the resource persons. One of the big clamor is yung
[7:08] systems losses na babayaran pa, may tax pang binabayaran sa systems losses. So dun sa mga
[7:13] pipeline mo, may tulo. Diba? May lumalabas o hindi nakakarating. Kung nagproduce ng 100, ang
[7:32] makakarating sa household na 100 households, ang nakarating lang is 0.5 or 0.8 o di may nawalang
[7:40] 20% nun. Ganun yun. Kaya lang, bakit daw? Nawala na nga, hindi nakarating sa kanil
[7:45] nagbabayad ng VAT, no? So the solutions, I don't think may isang, kahit sinong tao
[7:50] dito na sabihin na hindi na nga nakarating sa'yo, kailangan bayaran mo. I don't think
[7:54] even the government representatives when they take the floor will say, di, dapat bayaran
[7:59] yun. But the reality is, kaya binabayaran yun and please correct me if I'm wrong, no?
[8:05] I'll just go straight to the point. Our law is written such that sa VAT, once na ikaw ang
[8:12] nagproduce nun, ikaw ang naglabas nun, ikaw magbabayad ng VAT nun. Tama ba, you said,
[8:17] Carlo? I mean, in general. So like, nag-import ka, paglabas nun, may VAT yun. Diba?
[8:22] Kapag nasa resibo ko.
[8:23] Oo. Tapos nun, pag dinila yun sa isang factory, yung, ano tawag dito, yung,
[8:28] not ingredients, parts or the raw materials. Tapos nag-create yung factory ng another
[8:37] product, yung dinagdag nilang value, kaya nga tawag na value added tax, yun ang
[8:41] magkaka-tax. Diba? So by the time na dumating sa consumer yun, yung pinagdaan ng
[8:46] proseso nun, may value added tax. So obviously, pagdating nung product mo, tapos faulty or
[8:53] it's not as you expected. May sabit yung paggamit yung functionality ng product
[9:02] na yun. Anong gagawin mo? Di malamang inereklamo at babalik mo. Diba? So pwede
[9:06] maibalik ng buo. But how do you do that with electricity? Hindi mo naman maibalik
[9:11] ng buo yun. Gagamitin mo yun eh. Pero pinapabayad sa'yo yung parte that you
[9:16] never receive. That is our problem. So if we have experts here who can tell us, and I
[9:23] don't know if the government has, let's find solutions. Kasi binabayaran eh,
[9:28] pero di naman natanggap. Pero paano tatanggalin sa proseso yun? Di
[9:32] bali na kung parang pagkain yan, ay 20% nang na-deliver mo, hindi ko
[9:37] nagamit. E di sige, bawasan natin yung 20%. Diba? Kanyari, nagpakilo ka ng
[9:41] kamatis. Ay, teka muna, may tatlo dito bulok eh. Di tinanggal mo. O di ba yun
[9:45] muna lang yung hindi bulok? Simple, diba? Pero let's say cellphone, tapos ay parang
[9:52] hindi ko mapindot ng maayos. Bilin ko na lang sa'yo, discounted. Pwede. Pwede mo
[9:55] rin naman ibalik ng buo yun. How do you do that with electricity? So I'm
[9:59] trying to simplify this problem. Kasi even me as a lawyer, I'm very open to
[10:06] the suggestions. Pero hindi ko talaga din alam kung paano hihimayin yung issue
[10:10] na yun. So that is what we're here for. Okay, let me acknowledge the presence
[10:14] of Senator Marco Leta. Sir, you can give a short opening remark and then we will go to
[10:20] our resource person because we also have a caucus. So we will only be able to stay
[10:26] till around 2, maybe 2.15, maximum 2.30. But I have to determine if I need to suspend
[10:34] because of the caucus that we have. So sir, you have the floor.
[10:40] Thank you, Madam Chair. Not an opening statement, but I think an amplification of what you just
[10:45] said on systems loss. Sa akin pong pagkakaintindi rin, yung system loss kahit
[10:53] na dalawang klase pa yun, yung technical and non-technical, to me, they should be
[11:00] considered as legitimate business risks. Hindi kailanman pwedeng i-justify yun.
[11:07] Simply because, ang mga players po sa energy sector, mapadistribution, mapatransmission
[11:18] or generation. Madam Chair, they all decided to go into this venture knowing all the risks
[11:25] involved. And one of those risks are the technical and non-technical aspects of system loss.
[11:33] Bakit ipapasa nyo sa tao yun considering that alam ninyo lahat, noong nagpasya kayo na
[11:40] gumawa, magbenta ng kuryente, ang mga stockholders were all knowledgeable na meron po tayong risk
[11:50] dito, meron pong nawawala. Kumbaga sa tubig, kaya ng sinabi ng ating shareperson, yung
[11:57] tinatawag na non-water revenue. Kasi may tumutulo talaga eh. Bakit po nyo ipababayad sa
[12:04] tao yun? That cannot be justified. That's number one. Number two, sinabi po ng Korte Suprema in
[12:11] one of the landmark cases, any expense that the distribution utility in producing and
[12:19] distributing energy which did not inure to the benefit of the consumers is unjustified
[12:25] and inequitable. So paano po natin kukontrahin yun? Tama naman yun eh. I think these are the
[12:31] two major actors or major legal basis. Why the system laws ay kailangan na nating tanggalin na
[12:45] binabayaran po ng mga consumers. Unless anybody here is in a position to contradict those positions.
[12:54] Doubted by the chairperson and rendered unjustified by this representation. Kung meron pong
[13:04] gustong kumontra, kumontra na po kayo ngayon. Thank you Madam Chair.
[13:13] Thank you, Senator Marcoleta. Would the Senate President like to make a statement?
[13:17] I was already able to share what you sent me last night about the 80-year-old father who died
[13:23] because there was no electricity to allow him to use the nebulizer.
[13:28] Magandang tangali Madam Chair, Senator Marcoleta. I thank both of you and everyone in the room
[13:34] for your work on having more reliable efficient supply of electricity or power and also lowering
[13:45] the price. As you know, there's major developments even before the Iran-Israel-US war wherein the
[13:57] World Bank was convinced to start lending for nuclear, which they haven't done in a long time
[14:06] because of the fear that China will be leaps and bounds ahead of the Western world when it comes to AI
[14:18] because AI requires so much power. And even before that, we have had problems with grids, with islands,
[14:26] with the energy mix and everything. So the only statement I want to make, Madam Chair, is two.
[14:31] Number one, hindi totoo na may delays under our administration. In fact, even after the shooting
[14:42] incident and attack against the Senate no Wednesday, may buy-cam ng Thursday on the voucher system
[14:49] sa House of Representatives and I actually confirmed may attendance, pero sila ang nag-postpone nun.
[14:56] Yung pagpunta ng farmers dito, sila din ang nag-postpone. So I thank you for pushing through with this hearing.
[15:04] The second thing I want to mention is that, as you all know, the chairperson is my sister.
[15:11] So we share the same culture and language coming from one family. And we all know, pagka-crisis,
[15:18] iba yung kilos. Diba? So kung may exam bukas, kailangan mo mag-cram. Diba?
[15:24] Kung bukas ang bayaran ng kuryente at hindi mo pa hawak ang pera, kailangan mo gawa ng paraan.
[15:30] So given the present crisis, it's actually an opportunity because things that we wouldn't have
[15:37] think of, no? Whether it's the loans for new power plants, whether it's joint exploration
[15:43] or whether it's a Philippine side lang na exploration of oil and gas, whether it's the bills of Senator
[15:50] Marcoleta regarding the lifeline rates, etc. Yung mga to, hindi natin iisipin kung hindi crisis eh. Diba?
[15:58] I'll give you an example sa Indie Power. Sa K-12, nagdagdag tayo ng 2 years,
[16:04] pero sa findings mismo ng EDCOM, wala pang equivalent ng 8 years ang pagpasok ng mga bata.
[16:10] Okay? So nung K-10 tayo, kindergarten plus 10 years. Nakaka-10 years sila plus kindergarten.
[16:18] Nung nag K-12, bumaliktad. Ang equivalent lang is 7 point something, less than 8 years.
[16:24] So this crisis give us an opportunity na tanggalin ba natin isa o dalawang grade sa senior high school?
[16:30] Ganon din sa agriculture. Of course, we're doing a lot. Diba?
[16:34] Ba't hindi kumikita yung farmers eh? Of course, we're giving subsidies sa logistic,
[16:38] pero nabubulok yung pagkain na walang nangyayari eh.
[16:41] So I just like to encourage the room to really, I know gasgas na yung think out of the box. Diba?
[16:49] Pero kapag ka may crisis, pati yung box mawawala pag hindi tayo kumilos ng doble, triple.
[16:55] So I know it's not a one day session, one day, one hearing, finding solutions.
[17:02] But I really hope that it's not the statistics eh. Diba?
[17:07] I sent that to my sister because numbers remain to be a statistic until you have a human face. Diba?
[17:14] So nung tinex na hindi nakapag-nebulize dahil walang kuryente na matay, I hope we put a human face to our power sa energy, no?
[17:24] And I'm not gonna blame anyone in the room, no? Not the DOE, not the natural grid, not ourselves.
[17:29] I'm just saying crisis. Let's find a way to get something done. Thank you, Madam Chair.
[17:34] Thank you, Senate President. So just very briefly, my reminders for those who are new.
[17:39] We're practicing sustainability in the entire Senate. You have glasses. Feel free to refill your glasses.
[17:47] Ayaw natin ng pep bottles dito. Also, we're minimizing the use of papers.
[17:53] So yung position papers nyo, we always welcome na digital ang submission nyo.
[17:57] Of course, kung may senator na gusto ng printed, we print naman for them.
[18:02] And then, smoking. Sitting is the new smoking. So you're always welcome to stand up, stretch your legs, hindi nyo kailangan magpaalam.
[18:09] I will always give the names of the resource persons who are next.
[18:12] So if you have to go to the bathroom, you don't need to ask for my permission. Okay? We're adults here.
[18:16] I will treat you professionally and I want you to be mindful of your health also.
[18:22] So bathroom break, drink healthy water. I hope healthy yung pagkain na sinerve sa inyo.
[18:27] Hindi na yan pinaklear sa akin. Pero hopefully. Anyway, okay.
[18:31] So I think we're ready to start. I will give you all the order of our presentation by the resource persons.
[18:38] The first will be DOE, followed by ERC, and then followed by the Department of Finance. Okay?
[18:44] So let us now start with... And by the way, I think you were given your timelines. They are short. The reason being, this is an overview.
[18:52] And I want everyone to have the chance to speak because you came all the way here.
[18:56] And then hihimayin po natin yung inyong mga statements in the following hearings or TWGs.
[19:03] And we will always have small group meetings naman po with all of you. So bear with us so that everybody can speak.
[19:10] Also, as much as possible, those who are here representing their principals, mga from the Senators offices.
[19:17] Pakisabihan nyo naman yung mga Senators who you work with that ang susundin natin is we let the resource persons finish speaking first.
[19:29] Since dalawa lang kami ni Sen. Marcoleta, my rule always is, kung dalawa lang, pwede naman mag-quick question.
[19:34] But I don't open the floor because hindi matatapos, hindi magbibigyan ng time. Lahat ng nag-aba lang pumunta dito at magbigay ng oras sa atin.
[19:41] Okay, that's it for all my reminders.
[19:44] DOE, USEC, Mario Maracigan, you have the floor.
[19:48] Thank you very much, Madam Chair, and good morning to all.
[19:52] The Department of Energy has submitted its position paper regarding the Senate bill on the system loss application of the BAT.
[20:06] And if I may read, Madam Chair.
[20:08] Yes.
[20:09] Dear Senator Cayetano, this refers to the April 6, 2022 request of the committee seeking the comments of the department on the above-mentioned bill.
[20:19] The department recognizes the necessity of the bill in granting the importance of providing clear parameters, measures, and criteria as prescribed therein.
[20:28] We posit that the system loss represents electricity that is generated but not delivered and not consumed by electricity and users.
[20:40] It is an inherent technical and operational characteristics of electricity transmission and distribution systems and should not be treated as a separate taxable transaction.
[20:51] 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.
[21:08] 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.
[21:30] From a consumer standpoint, this translates to higher electricity without the corresponding benefit in service, thereby increasing the effective cost per kilowatt hour and carrying the system loss itself.
[21:45] 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,
[21:56] and instead leads to form a double imposition on amounts that do not reflect actual service received.
[22:03] In view of the foregoing, we recommend further review and the appropriate tax treatment of system loss along with other relevant agencies.
[22:14] With fiscal considerations of duly recognized, this must be balanced with the overarching objective of ensuring affordable and reasonable electricity rates for consumers.
[22:26] We have also attached technical data requested, and this was provided with an online link.
[22:32] 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, regulation, and insuances,
[22:50] and give due difference to the committee in choosing a specific provision or language in the bill.
[22:57] Should you have any concerns, inquiry, Madam Chair, we have provided the contact person and the contact numbers as well as the email addresses.
[23:06] This is the department's position, Madam Chair, Honorable Senator Marcoleta.
[23:13] Thank you very much.
[23:15] Thank you very much.
[23:16] Thank you for that.
[23:27] Let me clarify.
[23:28] I was discussing with my staff.
[23:31] Medyo malawak talaga yung topic natin today.
[23:34] If you can see, I won't read it into the record, 14 bills yung kinukover natin.
[23:39] And I just want to emphasize, and my staff has informed me that they informed everyone, that the focus talaga, and USEC naman mentioned one of the main components,
[23:50] is dissecting the electricity bill para maintindihan ng tao kung bakit nga tumaas.
[23:56] Kasi nga yung topic natin is yung pag-akyat nung the surge in the electricity bill.
[24:02] So yung na-focus nyo, USEC Mario, is one of the components, yung systems losses na bakit sila ang nagbabayad.
[24:09] But to be clear, as those here probably already know, basahin ko na lang to, 64% of the bill is the generation charge, 12% is the distribution charge.
[24:23] So ito yung, kumbaga sa Meralco, siya yung distributor at yung ibang mga nagsusupply ng kuryente dun sa mga ibang lugar, yan yun, 12% charge nila yun, 11% is other charges, 8% is transmission charge, and 5% is systems loss.
[24:41] Pero dun sa other charges, banggiting ko lang, dito po pumapasok yung government mandated and pass-through.
[24:50] Ito yung VAT and energy tax, real property tax and local franchise, and then the subsidies, the lifeline subsidy, the senior citizen subsidy, and then the renewable energy allowances, the feed-in tariff, and the green energy auction.
[25:06] Binabasa ko pa lang, napapagod na ako. Sa dami nung pinapasa natin, ang dami nang sinasalo ng consumer.
[25:13] So actually, USEC, lahat yun ay expected na magpo-comment po kayo. Medyo mahirap kasi ang lawak talaga, no?
[25:21] So okay lang kung systems losses muna yung binanggit nyo, pero very crucial yung statement nyo kasi kayo po ang DOE.
[25:29] Well, si ERC naman, ang dami dun na sila ang nag-approve nung rates. And then I also want you to point out kung ano dun yung mandated by law at ano dun yung hindi mandated by law.
[25:39] So clear tayo yung mandated by law, kami. Kami ang gagawa ng amendment nun. Pero kung hindi yun specifically mandated by law, kumbaga binigyan lang ng power ang isang agency to determine,
[25:50] then we can also tackle that. So medyo dun tayo para the other resource persons can also give their comment, nakakasabay sa discussion.
[25:57] So again, malawak yan. Hindi ko na nga natapos kasi napagod ako sa dami nung karga ng ating mga kababayan eh.
[26:04] Universal charges, missionary electrification, ito po ay nagpa-fund ng kuryente dun sa remote and off-grid communities.
[26:11] That's wonderful, right? Na yung off-grid, yung hindi nakakarating sa kanila yung mga transmission lines, tinutulungan natin.
[26:19] Pero sabi din ng mga kababayan natin, bakit kami? Bakit kami? Eh hirap na hirap na rin kami, tapos kami din ang nagbabayad niyan.
[26:25] The good news is marami ng nakarating na kuryente sa off-grid, lumaki naman yung burden, nakine-carry ng consumer.
[26:31] So those are the realities, we have to understand it. As a Christian, siyempre sabi natin tulungan yung iba.
[26:38] Pero minsan ang bigat na rin talaga sa kanila eh saan pumapasok ang gobyerno, saan pumapasok yung private citizen na yung tulong niya.
[26:45] Kasama sa universal charges, environmental charge. Ito yung para sa rehabilitation ng watershed.
[26:51] And then meron pang NPC stranded debts. So ang dami.
[26:56] Okay, so Yusek, kung yan lang ba muna ang focus nyo, yung sa systems laws?
[27:01] You did not prepare, you don't have anything else on the other, yung nasa electricity bill natin?
[27:08] Do you have anything else to add?
[27:10] If I may, Madam Chair, where we look at all the bills and we support the study of all the components of our electricity bills for review.
[27:21] And ang hinanghabo naman po ng Department of Energy is nagalagang to look for avenues on how we could lower the cost and make it affordable to our consumer.
[27:31] And we have actually listed some activities that we have already made irrelevant to those activities.
[27:38] Like for example, yunong sa ating lifeline rate, we are in coordination with ERC on how we could harmonize all the activities to further lower yung ating cross subsidy.
[27:48] We have also, we have read some documents that indicates what have we done in support of all those bills.
[27:59] Because we are continuously reviewing all the provisions of the law, particularly IPRA, and to include the other energy laws.
[28:07] Kasi nga po ang position on Department of Energy is we deliver the services, but it should be affordable to our consumers.
[28:14] So we will submit po additional papers. Thank you very much po, Madam Chair.
[28:17] Thank you for that.
[28:20] Tapos reminder lang, ideally, huwag nyo na hong basahin yung mga letters, mga submissions nyo kasi kami na hong magbabasa noon.
[28:27] I-highlight na lang.
[28:29] I-highlight na lang.
[28:30] Of course, kung may mga medyo technical doon that you have to read it, no problem.
[28:34] Maiksi naman yung binasa nyo, USEC, pero that's my general rule.
[28:38] So we can absorb it.
[28:40] Mas madali sa akin yung kwentuhan katulad nung ginawa nyo.
[28:43] Okay, so let's go now to ERC, the Chairperson and CEO, Attorney Francis Juan.
[28:50] Sir, you have the floor.
[28:51] Thank you, Madam Chair, Honorable Marcoleta.
[28:55] We've submitted our presentation.
[28:57] In fact, we prepared two presentations.
[28:59] One on the different charges in the bill and also our position on all the pending Senate bills.
[29:12] May I just be allowed to present on the system laws to save on time?
[29:18] And so I can devote the five minutes to correcting some misimpression as regards to system laws.
[29:26] Can we go to slide 8?
[29:30] Yung system laws po, hindi ito bayad para sa kuryenting hindi naman nagamit.
[29:37] Ito po ay bayad para dun sa gastos.
[29:41] Itong kuryente na ito na generate,
[29:45] dineliver through the transmission wire,
[29:48] at nakarating sa distribution utility,
[29:50] pero because of the technical and non-technical losses that are allowed under 7832 to be recovered,
[30:01] sila ay hindi nakakasama doon sa kilowatt hours on which naiimpusan nung kaukulang generation and transmission charges.
[30:14] So, kalintunay po ito, halimbawa,
[30:19] nagnenegoso kayo, bumili kayo,
[30:22] nag-wholesale kayo, bumili kayo ng isang libong isda, bangus,
[30:27] isang banyerang bangus.
[30:29] Ang gastos nyo ay walong piso kada ulo ng bangus.
[30:35] Ang kabuoang gastos nyo ay otso pesos kada ulo ng bangus.
[30:40] Pero dito sa banyerang nakuha nyo,
[30:44] hindi naman lahat yan,
[30:46] hindi naman isang libong bangus ang may bebenta nyo.
[30:50] Kaya, halimbawa,
[30:51] limang porsyento nyan ang hindi nyo talaga mabibenta
[30:55] dahil bilasana o sirana
[30:57] o maaring kinupit ng tindera nyo.
[31:00] Ito pong kabuoang isang libo,
[31:03] halimbawa, may 5% na nawawala
[31:06] o na hindi nyo na ibebenta,
[31:08] 950 lang talaga ang kabuoan
[31:11] na inyong nabibenta.
[31:13] Kung kayo ang magbebenta nito
[31:16] at gusto nyo walik puhunan lang
[31:18] yung 8,000 na inyong ginastos
[31:22] para doon sa isang libo
[31:24] na bangus na yan,
[31:26] magkano nyo ibebenta?
[31:27] Definitely, hindi 8
[31:29] yung original na per unit price.
[31:33] Isasama nyo dito yung spoilage.
[31:36] Diba?
[31:37] In manufacturing, kasama yan.
[31:39] Kaya, kung ang may bebenta nyo lang kandidad,
[31:42] ay 950 per unit cost nyan
[31:47] ay hindi 8
[31:48] but 842.
[31:50] Yung 0.42 na yan,
[31:52] yan po ang sumasalo
[31:54] doon sa gastos ng system loss.
[31:57] Ngayon,
[31:57] bakit hindi na lang distribution utility
[32:00] ang sasagot nito?
[32:02] Ang distribution utility po,
[32:04] hindi yan ang negosyo.
[32:06] Ang kanya pong negosyo
[32:08] ay yung maghatid ng kuryente
[32:12] sa pamamagitan ng mga linya
[32:14] na ipinapatayo niya.
[32:15] Ngayon, kaninong negosyo ito?
[32:18] Sa generation company.
[32:20] Kaya nga,
[32:20] ang distribution utility,
[32:22] pinapass through lang yan.
[32:24] So, doon po sa mga komento na
[32:27] dapat ay sagutin niya
[32:29] ng distribution utility,
[32:30] yes,
[32:31] merong portion niyan
[32:32] ang ipinasasagot ng batas
[32:34] sa distribution utility.
[32:36] Kasi,
[32:37] lumampas na,
[32:38] lumabis na
[32:39] doon sa itinakdang
[32:40] system loss cap.
[32:42] Yung gastos na na-incare niya
[32:43] for its actual system losses.
[32:46] So,
[32:47] yan po ang nature
[32:48] ng system loss.
[32:49] Kaya't mayroon tayong charge
[32:51] para mabawi yun
[32:52] yung gastos na yun.
[32:54] Ang bumabawi
[32:55] ang distribution utility
[32:56] pero ibinabaya din niya
[32:58] sa generation company
[33:00] at sa transmission company
[33:01] kasi nga po
[33:02] ito ay
[33:03] pass through charges.
[33:06] So,
[33:07] yes po.
[33:10] Nakuha na natin
[33:10] ang ibig mo sabihin.
[33:11] Kahit na simplistic
[33:12] yung example mo,
[33:14] susundan kita ron eh.
[33:16] Ang example mo ay
[33:17] isang banyera ng bangus.
[33:21] Okay.
[33:22] So, dahil sa merong
[33:23] loss doon,
[33:25] maaring kinupit ng tindera
[33:26] o kaya biglang
[33:28] kahit na yung
[33:30] yung bangus
[33:31] ay hilado na
[33:33] pero lumundag pa rin.
[33:36] Ano?
[33:36] Palangin mo lang.
[33:37] Ganun na nangyari.
[33:39] Ito yung mga factors
[33:40] na kaya
[33:40] kailangan
[33:41] makuha mo yung loss.
[33:44] Yun na sinasabi mo.
[33:45] Okay.
[33:46] Tapos mga tuwid,
[33:46] yung banyera ng bangus na yun
[33:47] kasama ng loss na yun
[33:50] binenta mo sa
[33:51] supermarket A
[33:52] dahil siya na yung
[33:53] magdidistribute.
[33:54] Tama.
[33:55] Yung generation,
[33:56] nasa yun eh.
[33:57] Binenta mo sa
[33:58] supermarket A.
[34:00] Yung consumer ngayon,
[34:01] meron siyang opsyon.
[34:03] Pupunta siya sa
[34:03] supermarket B
[34:04] o kaya C.
[34:08] Bakit ka niya mas matas
[34:09] yung bangus dito
[34:09] sa supermarket A?
[34:11] Pupunta siya sa B,
[34:14] medyo mura ng konti,
[34:15] ng 150 for example,
[34:17] or 1 peso,
[34:18] o kaya sa
[34:18] supermarket C,
[34:20] mas mura din.
[34:22] Doon siya bibili.
[34:23] Tama?
[34:26] Ito pong system.
[34:27] Sagot ka muna.
[34:28] Siyempre,
[34:29] may opsyon yung consumer.
[34:31] Nung makita niya,
[34:32] dahil binenta mo rito
[34:33] sa supermarket A,
[34:34] ganitong price,
[34:35] meron siyang opsyon na mamili
[34:37] sa ibang supermarket.
[34:38] Tama.
[34:40] Kung ang pinagusapan
[34:41] sumagot ka muna.
[34:42] Tama o hindi.
[34:44] Ba't tayo mo sumagot?
[34:46] Tayo po kasi as captain.
[34:47] Hindi,
[34:47] sasagot ka muna.
[34:49] Opo.
[34:50] Tinatanong lang,
[34:50] napakasimple eh.
[34:52] Pumunta siya sa supermarket,
[34:55] ito yung presyo.
[34:57] Pumunta sa B and C,
[35:00] ito yung presyo.
[35:01] Makakapamili siya,
[35:02] diba?
[35:06] Madam Chair,
[35:06] ba't hindi siya makasagot?
[35:07] Opo.
[35:08] Do sa example niyo po.
[35:09] Opo.
[35:09] Kaya kita tinatanong
[35:11] ng ganun.
[35:12] Sa kuryente,
[35:13] hindi siya may makakapamili.
[35:14] Wala kami
[35:15] yung ibang pupuntahan.
[35:16] Isa lang ang supermarket.
[35:17] Tama o hindi?
[35:21] Opo.
[35:23] Iyon ang problema eh.
[35:25] Huwag din yung gagamitin
[35:27] yung ibang
[35:28] perishable commodities.
[35:30] Kumunta ka sa isang supermarket,
[35:32] meron daga na kumakain
[35:33] sa mga produkto.
[35:35] It's a loss.
[35:37] Merong mga nagnanakaw doon.
[35:39] Nangyayari yun everyday.
[35:41] It's a loss.
[35:42] Hindi lang mga outsiders.
[35:43] Maraming sarili mong
[35:44] nagtatrabaho doon,
[35:46] nagbubulsa.
[35:49] So, loss lahat ito eh.
[35:50] Yung supermarket,
[35:52] yung loss na yun,
[35:53] hindi niyo ipapataw.
[35:54] Doon sa pre-billing price
[35:56] ng kanilang produkto.
[35:57] Kasi,
[35:58] yung consumer has the option
[36:00] to go to other outlets.
[36:03] In the case of electricity,
[36:04] Madam Chair,
[36:06] wala silang option eh.
[36:07] This is our problem.
[36:08] Kaya pinipilit ko kanina,
[36:10] and I thank you very much,
[36:11] Attorney Juan,
[36:12] ano sinabi mo,
[36:13] yung system loss,
[36:16] as you said,
[36:17] is an inherent operational
[36:18] characteristic.
[36:21] Inherent talaga ito eh.
[36:23] Hindi mo mayaalis
[36:24] na merong mawawala,
[36:25] but this inherent
[36:27] operational loss
[36:28] is already admitted.
[36:31] It is known to all stakeholders
[36:33] bago kayo nagpasya
[36:35] na gumawa
[36:36] at magdistribute
[36:37] ng kuryente.
[36:38] So it is a legitimate
[36:40] business risk
[36:41] that every industry
[36:44] should recognize.
[36:46] Bakit naman,
[36:47] ba't naman
[36:47] ang energy sector lang
[36:49] hindi nagre-recognize
[36:50] ng risk?
[36:51] Lahat ng industries
[36:52] have risks.
[36:55] Maski insurance company
[36:56] who cover for risks,
[36:58] meron din silang risk.
[37:00] Ito yung
[37:01] ito yung
[37:01] problema na
[37:04] madali naman
[37:05] nating intindihin.
[37:08] Madali naman
[37:08] nating gawa ng paraan.
[37:09] Eh di-amend natin yung
[37:12] Republic Act 7832.
[37:15] Ganun lang kasimple yun eh.
[37:17] Let's remove the system loss.
[37:19] As simple as that.
[37:22] Isang maliit na amendment lang
[37:23] ang gagamitin mo doon.
[37:25] And one thing more,
[37:26] Madam Chair,
[37:28] tingnan mo na lang
[37:28] yung universal charge.
[37:30] Tama yung sinabi
[37:31] ng Chairperson.
[37:32] Yung universal charge
[37:34] nandun
[37:34] in order for us
[37:36] to bankroll
[37:37] certain areas
[37:39] na kailangan
[37:40] lahat silang ma-electrify.
[37:41] Lahat makakita ng liwanag.
[37:43] Tama naman yun.
[37:44] That's not the objective
[37:45] of the government.
[37:47] Pero naglalaban sila
[37:49] ng feed-in tariff
[37:50] and J-Up.
[37:54] Kasi
[37:54] yung feed-in tariff
[37:56] is supposed to capitalize
[37:58] the government's program
[38:00] para sa ganun.
[38:01] Mas marami tayong renewables.
[38:03] Kung marami tayong renewables
[38:06] na gagamitin
[38:08] sa lahat ng lugar
[38:09] ng ating bansa,
[38:11] o di ba baba
[38:12] yung universal charge?
[38:13] Kasi
[38:13] hindi naman.
[38:16] At some point in time,
[38:17] yung universal charge
[38:19] bumaba ba
[38:20] hanggang sa eventually
[38:22] mawala na
[38:22] if we succeed
[38:24] on the renewables?
[38:26] Ang problema,
[38:27] sinasabi lang natin,
[38:28] by 2030,
[38:31] puro tayo,
[38:34] puro forma,
[38:35] by 2030,
[38:37] parang 40%
[38:40] yata Madam Chair,
[38:41] renewable na tayong lahat.
[38:43] By 2040,
[38:46] 50%
[38:46] ang renewable.
[38:47] O Diyos ko,
[38:52] ay hindi naman tayo
[38:53] papunta dun eh.
[38:55] So,
[38:56] maggano tayo,
[38:57] ito yung problema.
[38:58] Sabi ko nga po,
[38:59] ulitin ko,
[38:59] Madam Chair,
[39:01] Korte Suprema na po
[39:02] nagsabi,
[39:04] any expense
[39:05] incurred by the
[39:06] distribution utility
[39:07] which did not
[39:09] inure to the benefit
[39:10] of the consumers
[39:11] is unjustified
[39:13] and inequitable.
[39:15] Which part of that sentence
[39:17] is not understood
[39:18] to everyone?
[39:22] Madam Chair,
[39:23] kaya nang nasabi ko,
[39:24] yung distribution utility
[39:25] ay hindi engaged
[39:27] sa pagnenegosyo
[39:28] ng pag-generate
[39:29] ng kuryente.
[39:29] Tama po na yan
[39:30] ang hindi niya dapat
[39:31] isingilin sa kanyang
[39:32] ang hindi siya
[39:34] sinigilin ng Meralco.
[39:37] Kasi kung wala lang siya,
[39:38] hindi na nirecognize,
[39:40] hindi naman
[39:40] hiningil ang Meralco.
[39:41] We're not blaming
[39:42] anybody here.
[39:43] Ang pinag-uusapan,
[39:44] saan ang gagaling
[39:45] yung system law?
[39:46] Sa generation lang naman
[39:47] at saka sa transmission eh.
[39:49] If you do not recognize that,
[39:51] walang kukolektahin
[39:51] ng Meralco.
[39:53] Problem solved.
[39:53] Thank you, Madam Chair.
[39:58] Yes.
[39:59] There, I thought you left
[40:00] when you said hi to me.
[40:01] I was listening.
[40:02] I recognize Senator
[40:04] Lauren de Garda.
[40:05] Yes, you may take the floor.
[40:06] Thank you,
[40:06] and I'm grateful to the Chair
[40:07] for having so much
[40:09] in the agenda,
[40:10] including my two
[40:11] very important measures,
[40:13] which is clarifying
[40:14] the value-added
[40:16] tax treatment
[40:17] of socialized
[40:18] electricity subsidies.
[40:20] And since our expert
[40:21] in energy
[40:22] is right beside us,
[40:24] along with the Chair,
[40:26] I would like to be clarified,
[40:27] Madam Chair,
[40:29] any competent authority,
[40:30] whether it's the NGOs,
[40:32] the private sector,
[40:33] or government,
[40:35] simple ang tanong po.
[40:37] Yung hindi nagagamit
[40:39] na kuryente,
[40:41] bakit natin binubuwisan,
[40:45] Madam Chair?
[40:45] Sa aking alam po,
[40:47] may 12%
[40:49] na pinapataw
[40:51] na value-added tax,
[40:53] VAT,
[40:54] sa systems laws.
[40:56] Narinig ko po
[40:56] ang ERC na sinabi,
[40:58] ito'y hindi ginagamit,
[41:00] kumbaga sa isda,
[41:01] nabilasa,
[41:02] wala po.
[41:03] Bakit po binubuwisan
[41:05] ng 12%
[41:06] ang hindi nagagamit
[41:08] na kuryente?
[41:09] Pangalawang tanong,
[41:10] kung ano man ang sagot po nyo,
[41:12] ay dapat,
[41:13] sumasang-ayon ba kayong
[41:15] tanggalin ang VAT kaagad dyan.
[41:17] Huwag nang batas.
[41:18] Sa implementation lang yan
[41:20] ng ating mga batas na nandyan na,
[41:23] kumbaga,
[41:24] kung nakasaad yan sa EFRA.
[41:25] At dapat,
[41:26] ang BIR,
[41:28] makipag-ugnayan
[41:29] sa ERC
[41:30] para ito'y mapatupad.
[41:33] Kung sang-ayon po kayo.
[41:34] Kung mali po ako,
[41:36] then please correct me.
[41:37] Kayo po ang mga experts.
[41:38] Thank you, Madam Chair.
[41:39] Thank you.
[41:39] With the permission of
[41:41] Senator Ligarda,
[41:43] can I give the floor back
[41:44] to Attorney Juan,
[41:45] who's in the middle
[41:45] of his presentation?
[41:47] And since he was raising his hand,
[41:49] I assume he's going to touch on it.
[41:51] Sorry,
[41:52] let me finish before you,
[41:53] let's have an orderly discussion.
[41:56] These are very good points,
[41:57] but I want you to continue
[41:58] with your presentation.
[42:01] You may answer,
[42:02] but I do want us
[42:03] to get to DOF
[42:04] that who I think
[42:06] is also the right person
[42:07] to answer your question.
[42:08] So after his presentation,
[42:09] which I believe
[42:10] will touch on your question,
[42:12] then we will go
[42:13] to the DOF.
[42:14] Again,
[42:14] para lang mabigyan ko
[42:15] ng time,
[42:16] lahat ng nandito
[42:17] na makapagsalita din.
[42:18] Oo.
[42:19] Okay.
[42:20] Just a one sentence answer.
[42:23] Tama ba ako
[42:24] or hindi kasi ako eksperto
[42:26] ay mali ako?
[42:26] Ganun lang po.
[42:27] Go ahead.
[42:27] Kaya po siya nasasama
[42:33] doon sa nabuwisan ng VAT
[42:35] dahil sa side ng
[42:38] generation company
[42:39] na nag-generate nun,
[42:41] kasama yun
[42:42] doon sa kanyang sales
[42:43] at pumapasok yun
[42:44] sa kanyang grocery seats.
[42:45] Kasi pag lumabas
[42:47] at na-deliver niya
[42:48] yung kuryente
[42:49] sa distribution utility,
[42:52] kasama na yun
[42:52] sa kanyang kita.
[42:55] Kaya ito lang
[42:57] VAT on system loss
[42:59] dahil nga
[42:59] inhiwalay natin
[43:00] yung cost na yan
[43:02] from the total
[43:03] generation charge,
[43:04] inilagay natin
[43:05] a system loss charge.
[43:08] Yung VAT
[43:08] ay separately
[43:09] na-impose dyan.
[43:11] But,
[43:12] doon nga sa aming
[43:13] position,
[43:14] as we have
[43:15] communicated
[43:15] to the
[43:16] committee,
[43:17] we support
[43:18] all proposals,
[43:21] proposed measures
[43:23] para mapababa
[43:24] yung electricity rate.
[43:26] At kasama dito
[43:27] is redefining
[43:29] what should be
[43:30] the base
[43:30] for the VAT
[43:32] on electricity.
[43:35] At kung
[43:35] ma-ie-exclude
[43:39] natin
[43:39] yung cost
[43:40] associated
[43:41] with system loss
[43:42] from the gross
[43:44] receipts
[43:44] ng ating
[43:45] mga generation
[43:47] companies,
[43:48] transmission,
[43:48] and distribution,
[43:50] malaking kabawasan
[43:51] na din po yan
[43:52] dahil around
[43:53] 5%
[43:55] then,
[43:56] 5 to 10%
[43:57] yung system loss
[43:58] na pinapataw.
[43:59] So,
[44:00] that will be
[44:00] a reduction
[44:01] to that po.
[44:02] I will
[44:03] make an illustration
[44:05] so that our
[44:06] government panel
[44:07] here can explain
[44:08] also to people
[44:09] kasi kahit ako,
[44:10] gusto ko na mas maliwanag.
[44:11] And this also is consistent
[44:12] with Senator Lawrence's
[44:13] question.
[44:14] So,
[44:15] pag-generate
[44:16] nung electricity,
[44:18] and that's
[44:19] X amount,
[44:20] sabi mo nang
[44:20] 100,
[44:22] at yun e,
[44:25] may VAT yun.
[44:25] So,
[44:26] paglabas nun,
[44:26] yung value na 100
[44:27] magiging 112,
[44:29] di ba?
[44:29] At what point
[44:30] nagkaka-loss?
[44:31] Kasi nga,
[44:32] pag-generate nun,
[44:33] may VAT na yun
[44:34] paglabas e.
[44:35] At what point
[44:35] na de-determine
[44:36] yung loss?
[44:37] Such that,
[44:38] where do you
[44:39] pinpoint na
[44:40] exclude natin
[44:41] yung loss?
[44:41] Dun yata
[44:42] may mga
[44:43] complications
[44:44] in the
[44:44] implementation
[44:45] of what
[44:46] appears to be
[44:46] so far
[44:47] the
[44:48] two
[44:52] government
[44:53] agencies
[44:54] that have
[44:54] spoken
[44:55] are in full
[44:55] support.
[44:56] But somebody
[44:57] has to
[44:58] explain to us
[44:59] kung paano
[45:00] nyo tatanggalin
[45:01] yun doon.
[45:02] Kasi pag-generate
[45:03] nun,
[45:03] the moment
[45:04] it is generated,
[45:05] may nawala na ba
[45:06] doon?
[45:06] Wala pa,
[45:07] di ba?
[45:08] And
[45:08] nakakalculate ba?
[45:10] I mean,
[45:10] alam ba natin
[45:11] every time
[45:11] that the
[45:12] electricity
[45:13] is generated,
[45:14] how much
[45:15] ang percentage
[45:16] ng loss
[45:16] doon,
[45:17] yun ba,
[45:17] etansyahan?
[45:18] Or it's a
[45:19] very specific
[45:20] measure.
[45:20] So all of
[45:21] these things
[45:21] have to be
[45:22] answered.
[45:22] I don't want
[45:22] a specific
[45:23] answer now,
[45:24] but at
[45:25] some point,
[45:26] when we,
[45:27] kasi ang hirap
[45:27] din naman sa
[45:28] mga kababayan
[45:28] natin,
[45:29] lahat tayo
[45:29] sabihin natin,
[45:30] we support,
[45:30] we support.
[45:31] O paano
[45:31] natin gagawin?
[45:32] Yon.
[45:34] Madam Chair,
[45:34] let me exemplify.
[45:37] Ganito po
[45:38] yung nangyayari.
[45:39] Kunwari,
[45:41] Distribution Utility
[45:42] X.
[45:43] Palagay natin,
[45:43] Miralco or any
[45:44] other electric
[45:46] cooperative.
[45:48] Miralco or any
[45:49] other electric
[45:49] cooperative buys
[45:50] from
[45:52] generation A.
[45:55] Kunwari,
[45:56] 10 pesos po yung
[45:57] nabili niya.
[45:58] Attorney Juan,
[46:01] I will not
[46:01] commit the mistake
[46:02] again.
[46:03] Attorney Juan,
[46:04] hindi sanuan.
[46:05] Okay?
[46:08] Eventually,
[46:09] Miralco or any
[46:10] other electric
[46:11] cooperative
[46:11] sells to
[46:14] consumers.
[46:16] Tama?
[46:16] Kasi binili niya,
[46:17] tas bibenda niya.
[46:21] Nung i-account niya
[46:22] lahat,
[46:22] yung kanyang
[46:23] sales,
[46:25] 8 pesos na lang
[46:26] ang kanyang
[46:28] na-recover.
[46:30] So merong
[46:31] system loss
[46:31] na 2 pesos.
[46:33] Tama.
[46:35] Gano'n na
[46:35] nagyayari eh.
[46:36] Bakit ba?
[46:39] Yung 2 pesos na yun,
[46:41] ito yung system loss
[46:42] na pinag-aawayan na
[46:43] natin since
[46:44] time immemorial.
[46:46] Ngayon,
[46:46] kung halimbawa
[46:47] yung generation,
[46:48] yung
[46:49] Gen A,
[46:51] yung generation
[46:51] company,
[46:52] will consider
[46:53] na yung 2 pesos
[46:54] talaga,
[46:55] nangyayari
[46:56] nasa maraming
[46:57] paraan loss yun.
[46:58] Ang Miralco,
[46:59] hindi na siya
[47:00] kukolekta
[47:02] ng system loss.
[47:04] Ganito lang,
[47:04] na simple yun eh.
[47:05] May 2 piso
[47:06] difference siya
[47:07] kasi
[47:07] yung bill,
[47:09] 8 pesos lang.
[47:10] Yung sale,
[47:11] yung kanyang
[47:12] purchase
[47:12] is 10 pesos.
[47:14] Pero yung total
[47:15] bill niya,
[47:16] entire
[47:17] decaptive market
[47:19] is only 8 pesos.
[47:20] Yung 2 piso
[47:21] pinag-uusapan,
[47:22] Madam Chair,
[47:24] ito yung
[47:25] pinipilit natin
[47:25] kukolekta yun
[47:26] sa ating
[47:26] mga mamamayan
[47:27] na hindi po
[47:28] pwedeng
[47:29] mangyari yun.
[47:32] Salamat po.
[47:36] Attorney Juan,
[47:38] can you continue
[47:39] with your presentation
[47:40] and then we'll go
[47:40] to you sec,
[47:41] Carlo.
[47:44] Our position
[47:45] on the
[47:46] 10 Senate Bill
[47:47] Although we
[47:48] included 14
[47:49] bills,
[47:50] kasi a lot
[47:50] of them,
[47:51] all of them
[47:52] have some
[47:52] relation
[47:53] to the main
[47:54] issue,
[47:54] which is
[47:55] bakit ganun
[47:56] kataas yung
[47:57] electricity bill.
[47:58] So focus lang tayo
[47:59] doon because
[48:00] 2 hours is not
[48:01] enough
[48:01] to solve
[48:02] all these
[48:03] problems
[48:03] or to even
[48:04] get into
[48:06] the details.
[48:07] Pero to give
[48:07] everybody a chance
[48:08] again to speak,
[48:09] doon lang tayo
[48:10] quick points
[48:10] on those issues.
[48:11] What contributes?
[48:12] What do you think
[48:13] are the highlights
[48:14] of the problems?
[48:16] What can you
[48:17] highlight about
[48:17] these issues?
[48:19] Yes,
[48:20] going now
[48:21] to slide
[48:22] 12,
[48:22] which will
[48:23] be my
[48:23] last slide.
[48:25] This is
[48:26] a summary
[48:27] of our
[48:27] position.
[48:30] As regards
[48:31] the support
[48:32] for consumer
[48:33] relief measures,
[48:34] kasama dito
[48:35] yung VAT
[48:35] exemption
[48:36] and removal
[48:37] of yung
[48:38] slide na
[48:40] nire-request
[48:41] ni chairman.
[48:42] Yung slide
[48:43] 12 lang.
[48:46] I highlighted
[48:47] here yun pong
[48:49] exclusion of
[48:50] certain
[48:50] pass-through
[48:51] charges from
[48:52] the VAT
[48:52] coverage.
[48:53] So malaking
[48:55] bagay nga
[48:56] din po yan,
[48:57] especially kung
[48:57] kasama dyan yung
[48:58] system loss.
[49:00] Ang isa lang
[49:00] na nire-raise
[49:01] namin as an
[49:02] issue,
[49:03] ito pong
[49:03] implementation
[49:05] and collection
[49:06] of the VAT
[49:06] kasi medyo
[49:07] complicated
[49:08] dyan.
[49:09] In fact,
[49:10] hanggang
[49:10] ngayon,
[49:10] may mga
[49:11] unresolved
[49:11] issues pa
[49:12] yung
[49:13] treatment
[49:14] ng VAT,
[49:15] yung input
[49:15] and output,
[49:16] yung merong
[49:17] zero rated.
[49:19] So kung
[49:19] meron pa tayong
[49:20] additional
[49:21] na magiging
[49:22] bagong
[49:23] definition
[49:24] ng gross
[49:25] receipts
[49:25] to exclude
[49:26] yung
[49:26] system loss,
[49:28] so kailangan
[49:29] po
[49:29] matingnan,
[49:30] ma-operationalize
[49:31] dun sa
[49:32] generation
[49:32] how it
[49:33] will be
[49:33] implemented
[49:34] in terms
[49:35] of the
[49:36] VAT
[49:36] impact
[49:37] of that
[49:38] on the
[49:38] generators
[49:40] sa transmission
[49:41] at ganoon
[49:42] din po
[49:42] sa distribution
[49:44] including
[49:44] now the
[49:45] RES.
[49:46] So pwede
[49:47] din po
[49:47] kasi
[49:47] na mayroong
[49:48] magiging
[49:49] VAT
[49:49] issue
[49:50] pagdating
[49:51] sa retail
[49:51] supply.
[49:53] And then
[49:53] number
[49:54] two,
[49:54] on the
[49:55] system loss
[49:55] cap
[49:56] reduction,
[49:57] this was
[49:57] also
[49:58] proposed,
[50:00] we support
[50:02] that but
[50:04] let us
[50:04] just highlight
[50:05] that in
[50:06] so far
[50:07] as ERC
[50:08] sa prevailing
[50:09] caps,
[50:10] naibaba
[50:10] na po
[50:10] natin
[50:11] yan
[50:11] from
[50:11] then
[50:12] levels
[50:13] of
[50:13] 12
[50:14] to
[50:14] 14
[50:15] percent
[50:15] ngayon
[50:16] for the
[50:16] private
[50:16] distribution
[50:17] utilities,
[50:18] it has
[50:18] gone down
[50:19] to
[50:19] 5.5
[50:20] percent.
[50:21] Comparable
[50:22] din siya
[50:22] dun sa
[50:22] mga ibang
[50:23] jurisdictions
[50:24] na
[50:24] that allow
[50:25] for
[50:25] this
[50:26] allowance
[50:27] ng
[50:27] system
[50:28] loss
[50:29] at
[50:29] 5.5
[50:30] hindi
[50:31] na po
[50:31] yan
[50:31] malayo
[50:32] dun sa
[50:32] norm.
[50:33] But
[50:34] as
[50:34] mentioned
[50:35] earlier,
[50:36] if this
[50:36] will be
[50:37] if this
[50:38] will be
[50:38] legislated
[50:39] natanggal
[50:40] na,
[50:40] so in
[50:41] effect
[50:41] zero
[50:41] cap
[50:42] na tayo
[50:43] and
[50:44] that
[50:44] will
[50:45] force
[50:46] our
[50:47] distribution
[50:47] utilities
[50:48] to operate
[50:49] more
[50:49] efficiently
[50:49] and or
[50:50] to
[50:50] absorb
[50:51] yung
[50:52] cost
[50:52] na yan.
[50:52] And
[50:53] and
[50:54] and
[50:54] and
[50:54] and
[50:54] and
[50:55] and
[50:56] and
[50:56] and
[50:56] and
[50:57] and
[50:57] and
[50:59] and
[51:00] the other
[51:01] private
[51:01] views
[51:02] na
[51:02] meron
[51:02] kaming
[51:03] sinasamang
[51:04] rate of
[51:04] return
[51:05] dun sa
[51:06] kanilang
[51:06] investment.
[51:07] We're
[51:07] talking
[51:07] also
[51:08] of
[51:08] electric
[51:08] cooperatives,
[51:09] hundreds
[51:09] of
[51:10] them
[51:10] na
[51:11] talagang
[51:11] they
[51:11] operate
[51:12] purely
[51:12] on
[51:13] cash
[51:13] flow
[51:14] at
[51:14] kung
[51:15] wala
[51:15] silang
[51:15] extra
[51:16] na
[51:17] puhunan
[51:17] or
[51:18] capital
[51:19] na
[51:19] mailalabas
[51:20] pang
[51:21] cover
[51:22] just
[51:22] sa
[51:22] gastos
[51:22] na
[51:23] yan
[51:23] yung
[51:23] kanila
[51:24] namang
[51:24] servisyo
[51:24] ang
[51:25] mag
[51:25] suffer
[51:25] and
[51:26] of
[51:27] course
[51:27] pag
[51:28] nag
[51:28] suffer
[51:28] yung
[51:29] servisyo
[51:29] nila
[51:29] pwedeng
[51:30] lalong
[51:30] tataas
[51:31] yung
[51:32] kanilang
[51:32] system
[51:32] loss
[51:33] mag
[51:33] mag
[51:35] lalong
[51:36] mag
[51:37] aggravate
[51:38] lang
[51:38] dun sa
[51:39] problema
[51:39] nila
[51:40] kung
[51:40] sila
[51:41] na
[51:41] ang
[51:41] sasalo
[51:41] nitong
[51:42] cost
[51:43] na
[51:43] ito
[51:43] associated
[51:44] with
[51:45] system
[51:45] losses.
[51:46] Quick
[51:46] question
[51:47] lang
[51:47] worldwide
[51:48] and in
[51:49] particular
[51:49] sa
[51:49] Asia
[51:50] ano yung
[51:51] sinusunda
[51:52] na
[51:52] systems
[51:53] laws
[51:54] sa
[51:57] ibang
[51:58] mga
[51:58] bansa
[51:58] kasi
[51:59] yun
[52:00] naman yung
[52:00] benchmarking
[52:01] natin
[52:01] how is
[52:02] it
[52:02] handled
[52:02] in
[52:02] other
[52:03] countries
[52:03] I don't
[52:06] have
[52:07] one
[52:07] okay
[52:07] so
[52:07] can
[52:07] you
[52:07] get
[52:08] somebody
[52:08] who
[52:08] can
[52:08] give
[52:08] us
[52:09] that
[52:09] because
[52:09] me
[52:10] as
[52:10] a
[52:10] non-technical
[52:11] person
[52:11] that
[52:12] is
[52:12] how
[52:12] I
[52:12] look
[52:12] at
[52:13] it
[52:13] sila
[52:13] paano
[52:13] nila
[52:13] hinahandle
[52:14] yan
[52:14] diba
[52:15] and
[52:15] then
[52:15] I
[52:15] want
[52:16] to
[52:16] point
[52:16] out
[52:16] dito
[52:16] sa
[52:16] presentation
[52:17] nyo
[52:17] na
[52:18] may
[52:18] sinabi
[52:18] din
[52:19] kayo
[52:19] na
[52:19] the
[52:19] ERC
[52:20] respectfully
[52:20] posits
[52:21] andyan
[52:21] sa baba
[52:22] everybody
[52:22] can read
[52:23] it
[52:23] that
[52:23] the cost
[52:24] of
[52:24] upgrading
[52:25] distribution
[52:25] facilities
[52:26] or addressing
[52:26] pilfridge
[52:27] to meet
[52:28] such
[52:28] lowered
[52:28] system
[52:29] loss
[52:29] should
[52:31] be
[52:31] weighed
[52:31] against
[52:32] the
[52:32] benefits
[52:32] so
[52:33] medyo
[52:34] you
[52:34] pass
[52:34] on
[52:34] it
[52:34] mamaya
[52:35] we'll
[52:35] ask
[52:35] Nea
[52:36] to
[52:36] exemplify
[52:37] kasi
[52:37] alam
[52:37] ko
[52:38] na
[52:38] ang
[52:38] problema
[52:39] parating
[52:39] mga
[52:39] cooperatives
[52:40] natin
[52:40] puhunan
[52:41] nila
[52:41] so
[52:42] it's
[52:42] like
[52:42] a
[52:42] vicious
[52:42] cycle
[52:43] hindi
[52:43] sila
[52:43] maka
[52:44] upgrade
[52:45] kasi
[52:45] wala
[52:45] silang
[52:45] puhunan
[52:46] so
[52:46] bulok
[52:46] bulok
[52:47] na
[52:47] ng
[52:47] servisyo
[52:48] hindi
[52:48] pa
[52:48] ma-upgrade
[52:49] so
[52:49] that's
[52:50] why
[52:50] there's
[52:57] not
[52:57] just
[52:57] one
[52:57] bill
[52:58] that
[52:58] can
[52:58] solve
[52:58] this
[52:58] problem
[52:59] there's
[52:59] not
[52:59] just
[52:59] one
[52:59] law
[52:59] that
[53:00] can
[53:00] solve
[53:00] this
[53:00] problem
[53:01] how
[53:01] do
[53:01] we
[53:02] create
[53:02] that
[53:02] environment
[53:04] like
[53:04] you
[53:05] said
[53:05] maging
[53:05] mas
[53:05] efficient
[53:06] sila
[53:06] or
[53:07] maybe
[53:07] pag
[53:08] grant
[53:08] pa
[53:08] lang
[53:08] ng
[53:08] franchise
[53:09] siguruduhin
[53:09] naman
[53:09] natin
[53:10] na
[53:10] may
[53:13] puhunan
[53:13] talaga
[53:13] itong
[53:14] mga
[53:14] to
[53:14] para
[53:14] paanda
[53:15] rin
[53:15] ng
[53:16] maayos
[53:16] anyway
[53:16] I
[53:16] will
[53:17] stop
[53:17] there
[53:17] no
[53:17] Yusek
[53:19] Carlo
[53:20] I
[53:20] will
[53:21] give
[53:21] you
[53:21] the
[53:21] floor
[53:22] and
[53:22] then
[53:22] after
[53:23] I
[53:23] might
[53:24] shift
[53:24] quickly
[53:25] to
[53:25] the
[53:25] private
[53:26] sector
[53:26] naman
[53:27] to
[53:27] give
[53:27] them
[53:28] at
[53:28] least
[53:28] a
[53:28] chance
[53:29] some
[53:29] of
[53:29] them
[53:29] the
[53:30] opportunity
[53:30] to
[53:31] speak
[53:31] and
[53:32] then
[53:32] balik
[53:32] balik
[53:32] tayo
[53:32] so
[53:33] we
[53:33] have
[53:33] two
[53:33] perspectives
[53:34] okay
[53:34] go ahead
[53:35] Yusek
[53:36] Carlo
[53:36] Adriano
[53:37] for
[53:37] DOF
[53:37] good
[53:38] afternoon
[53:38] madam
[53:39] chair
[53:39] good
[53:39] afternoon
[53:39] everyone
[53:40] don't
[53:40] forget
[53:40] the
[53:40] question
[53:41] of
[53:41] Senator
[53:41] Ligart
[53:41] just
[53:42] waiting
[53:43] for
[53:44] my
[53:44] slides
[53:44] to
[53:44] be
[53:44] uploaded
[53:45] so
[53:47] next
[53:47] slide
[53:48] so
[53:49] the
[53:49] outline
[53:50] of
[53:50] next
[53:51] slide
[53:51] please
[53:51] the
[53:52] outline
[53:52] of
[53:52] my
[53:52] presentation
[53:53] as
[53:53] follows
[53:53] one
[53:54] is
[53:54] what
[53:55] are
[53:55] the
[53:55] components
[53:56] of
[53:56] our
[53:56] electricity
[53:57] bill
[53:57] second
[53:58] why
[53:59] is
[53:59] our
[53:59] electricity
[54:00] price
[54:01] high
[54:01] in
[54:01] the
[54:01] Philippines
[54:02] and
[54:03] third
[54:03] what
[54:04] are
[54:04] the
[54:04] consequences
[54:05] of
[54:05] that
[54:05] exemption
[54:06] on
[54:06] electricity
[54:07] next
[54:08] slide
[54:08] please
[54:09] so
[54:10] what
[54:10] are
[54:10] the
[54:11] components
[54:11] of
[54:11] the
[54:11] electricity
[54:12] bill
[54:12] next
[54:12] slide
[54:12] I
[54:13] think
[54:13] the
[54:13] madam
[54:14] chair
[54:14] already
[54:14] mentioned
[54:15] this
[54:16] largest
[54:17] share
[54:18] to the
[54:18] cost
[54:19] is
[54:19] the
[54:19] generation
[54:19] charge
[54:20] at
[54:20] 64%
[54:21] it's
[54:22] followed
[54:22] by
[54:22] distribution
[54:23] at
[54:23] 12
[54:23] transmission
[54:24] at
[54:24] 8%
[54:25] and
[54:26] then
[54:26] the
[54:26] 11%
[54:27] are
[54:27] the
[54:27] other
[54:27] charges
[54:28] of
[54:28] which
[54:29] the
[54:29] share
[54:30] of
[54:30] VAT
[54:30] is
[54:30] around
[54:31] 7%
[54:31] to
[54:31] 9%
[54:32] of
[54:32] the
[54:32] total
[54:33] bill
[54:33] so
[54:33] maliit
[54:34] po
[54:34] ang
[54:34] share
[54:35] ng
[54:35] VAT
[54:35] dun
[54:36] sa
[54:36] electricity
[54:36] price
[54:37] ang
[54:37] pinakamalaki
[54:38] generation
[54:39] and
[54:39] if
[54:40] you
[54:40] combine
[54:40] the
[54:40] generation
[54:41] transmission
[54:41] and
[54:42] distribution
[54:42] it's
[54:43] 84%
[54:44] of
[54:45] the
[54:45] electricity
[54:45] price
[54:46] next
[54:47] slide
[54:47] now
[54:49] why
[54:49] is
[54:49] generation
[54:50] charge
[54:50] high
[54:50] in
[54:50] the
[54:51] Philippines
[54:51] next
[54:52] slide
[54:52] so
[54:52] we
[54:53] researched
[54:54] several
[54:54] papers
[54:55] I
[54:55] will
[54:55] just
[54:56] mention
[54:56] papers
[54:57] of
[54:57] Rabago
[54:58] 2022
[54:59] Tabada
[55:00] 2025
[55:00] Navarro
[55:01] 2025
[55:02] Francisco
[55:03] 2024
[55:04] Francisco
[55:05] and
[55:05] Basilio
[55:06] 2024
[55:06] and
[55:07] Flarete
[55:08] 2016
[55:09] so
[55:10] first
[55:11] why is
[55:11] it
[55:12] high
[55:12] this
[55:13] is
[55:13] based
[55:13] on
[55:14] Tabada
[55:14] paper
[55:14] it's
[55:15] it's
[55:16] basically
[55:16] barriers
[55:17] to
[55:17] entry
[55:17] it's
[55:18] very
[55:18] hard
[55:19] for
[55:19] new
[55:19] players
[55:19] to
[55:20] enter
[55:20] the
[55:20] market
[55:20] it
[55:21] requires
[55:21] around
[55:22] 100
[55:22] to
[55:23] 300
[55:23] plus
[55:24] permits
[55:24] and
[55:25] it
[55:25] will
[55:25] take
[55:26] 5
[55:26] to
[55:27] 10
[55:27] years
[55:27] before
[55:28] you
[55:28] can
[55:28] actually
[55:29] operate
[55:29] sa
[55:29] generation
[55:30] po
[55:30] neto
[55:30] and
[55:31] given
[55:31] this
[55:32] this
[55:32] limits
[55:32] competition
[55:33] and
[55:34] electricity
[55:34] supply
[55:35] second
[55:36] po
[55:36] is
[55:37] yung
[55:37] policy
[55:37] related
[55:38] cost
[55:38] some
[55:39] policies
[55:40] legislated
[55:41] through
[55:41] a
[55:41] law
[55:41] while
[55:42] wealth
[55:43] intention
[55:43] can add
[55:44] to
[55:44] cost
[55:44] na
[55:45] mention
[55:45] na
[55:46] po
[55:46] dito
[55:46] yung
[55:46] fit
[55:47] yung
[55:47] sa
[55:48] renewable
[55:48] energy
[55:49] geya
[55:49] pinapasa
[55:50] rin
[55:50] po
[55:50] sa
[55:50] atin
[55:51] universal
[55:52] charge
[55:52] pinapasa
[55:53] po
[55:53] sa
[55:53] consumer
[55:53] senior
[55:54] citizen
[55:54] basically
[55:55] pinapasa
[55:55] din
[55:56] yan
[55:56] sa
[55:56] consumer
[55:56] real
[55:57] property
[55:57] tax
[55:58] etc
[55:58] lahat
[55:59] po
[55:59] to
[55:59] legislated
[56:00] by
[56:01] law
[56:01] next
[56:02] slide
[56:03] will
[56:03] be
[56:04] the
[56:04] market
[56:05] concentration
[56:06] ito
[56:06] po
[56:06] yung
[56:06] monopolistic
[56:08] or
[56:08] oligopolistic
[56:09] structure
[56:09] of the
[56:10] energy
[56:10] market
[56:11] so
[56:11] in
[56:12] fact
[56:12] in
[56:13] Luzon
[56:13] seven
[56:14] firms
[56:15] control
[56:15] 50%
[56:16] of
[56:16] the
[56:17] supply
[56:17] in
[56:18] Visayas
[56:18] two
[56:19] control
[56:20] 35%
[56:21] and
[56:22] in
[56:22] Mindanao
[56:23] three
[56:23] control
[56:24] 43%
[56:25] of
[56:25] the
[56:26] market
[56:26] and
[56:27] this
[56:27] weekend
[56:28] competition
[56:28] make it
[56:29] more
[56:29] difficult
[56:29] for
[56:30] prices
[56:30] to
[56:30] go
[56:30] down
[56:31] in
[56:31] a
[56:32] deregulated
[56:32] market
[56:33] the
[56:34] fourth
[56:34] one
[56:34] is
[56:35] inefficient
[56:35] contracts
[56:36] so
[56:37] sa mga
[56:37] kontrata
[56:38] po
[56:38] there
[56:38] is
[56:38] what
[56:39] we
[56:39] call
[56:39] take
[56:39] or
[56:40] pay
[56:40] contract
[56:40] so
[56:41] kapag
[56:42] sobra
[56:42] sobra
[56:42] po
[56:43] yung
[56:43] supply
[56:43] ng
[56:43] electricity
[56:44] even
[56:44] if
[56:44] it's
[56:45] not
[56:45] used
[56:45] we
[56:46] actually
[56:46] pay
[56:46] for
[56:47] it
[56:47] and
[56:47] one
[56:48] example
[56:48] mentioned
[56:49] by
[56:49] Ravago
[56:49] in
[56:50] 2022
[56:50] an
[56:51] example
[56:51] nung
[56:51] Malampaya
[56:52] 2021
[56:53] ang
[56:54] nangyari
[56:54] po
[56:54] noon
[56:54] we
[56:55] anticipated
[56:55] thin
[56:56] supply
[56:57] and
[56:57] hence
[56:58] we
[56:58] purchase
[56:59] inputs
[56:59] na
[57:00] mahal
[57:00] so
[57:00] that
[57:00] we
[57:01] will
[57:01] have
[57:01] enough
[57:02] supply
[57:02] but
[57:03] unfortunately
[57:04] hindi
[57:05] po
[57:05] nangyari
[57:05] yung
[57:05] thin
[57:06] supply
[57:06] and
[57:07] hence
[57:07] pinasa
[57:08] po
[57:08] lahat
[57:08] nung
[57:09] mahal
[57:09] inputs
[57:10] sa
[57:10] consumers
[57:11] because
[57:11] of
[57:12] the
[57:12] stake
[57:12] or
[57:13] pay
[57:13] contracts
[57:14] next
[57:15] slide
[57:15] the
[57:17] fifth
[57:17] is
[57:18] limited
[57:18] power
[57:19] grid
[57:19] transmission
[57:20] constraints
[57:21] limit
[57:22] the
[57:22] efficient
[57:22] movement
[57:23] of
[57:23] electricity
[57:24] even
[57:25] when
[57:26] cheaper
[57:26] power
[57:26] is
[57:27] available
[57:27] in
[57:27] one
[57:28] area
[57:28] it
[57:28] may
[57:29] not
[57:29] reach
[57:29] other
[57:30] regions
[57:30] due
[57:30] to
[57:30] grid
[57:31] limitations
[57:32] as
[57:33] a
[57:33] result
[57:33] consumers
[57:34] may
[57:34] rely
[57:35] on
[57:35] more
[57:35] expensive
[57:36] local
[57:36] supply
[57:37] the
[57:38] sixth
[57:38] one
[57:38] is
[57:38] the
[57:39] system
[57:39] cost
[57:39] this
[57:39] is
[57:40] basically
[57:40] the
[57:40] generation
[57:41] cost
[57:41] the
[57:41] mahal
[57:42] po
[57:42] talaga
[57:42] and
[57:43] the
[57:43] last
[57:44] one
[57:44] that
[57:44] I
[57:44] would
[57:44] like
[57:44] to
[57:45] highlight
[57:45] is
[57:46] the
[57:46] paper
[57:47] of
[57:47] Clarete
[57:48] in
[57:48] 2016
[57:49] he
[57:50] estimated
[57:52] the
[57:52] cost
[57:53] of
[57:53] ease
[57:54] of
[57:54] doing
[57:54] business
[57:55] versus
[57:55] removing
[57:56] VAT
[57:56] what
[57:58] he
[57:58] estimated
[57:58] is
[57:58] that
[57:59] because
[57:59] of
[57:59] the
[58:00] ease
[58:00] of
[58:00] doing
[58:00] business
[58:01] wherein
[58:01] it
[58:01] will
[58:01] take
[58:02] you
[58:02] 5
[58:02] to
[58:02] 10
[58:03] years
[58:03] before
[58:03] you
[58:03] can
[58:03] actually
[58:04] operate
[58:04] it
[58:05] functions
[58:06] like
[58:06] a
[58:06] 12%
[58:08] tax
[58:08] on
[58:09] the
[58:10] investor
[58:10] and
[58:11] take
[58:11] note
[58:11] wala pong
[58:12] revenue
[58:13] tayo
[58:13] nakuha
[58:14] dito
[58:14] kasi
[58:15] po
[58:15] natetenga
[58:15] yung
[58:16] project
[58:16] for
[58:16] 10
[58:16] years
[58:17] it
[58:17] functions
[58:18] like
[58:18] a
[58:18] 12%
[58:19] tax
[58:19] now
[58:20] he
[58:20] compared
[58:21] that
[58:21] if
[58:21] you
[58:21] remove
[58:22] VAT
[58:22] it
[58:23] will
[58:23] only
[58:24] lower
[58:24] by
[58:24] around
[58:24] 4%
[58:25] and
[58:26] take
[58:26] note
[58:26] when
[58:27] we
[58:27] when
[58:27] we
[58:27] impose
[58:28] VAT
[58:28] we
[58:28] collect
[58:28] revenues
[58:32] so
[58:32] he
[58:33] concluded
[58:33] that
[58:34] it's
[58:35] actually
[58:35] more
[58:35] efficient
[58:36] to
[58:36] remove
[58:37] the
[58:37] ease
[58:41] of
[58:41] doing
[58:41] business
[58:42] rather
[58:42] than
[58:43] removing
[58:43] VAT
[58:44] the
[58:45] next
[58:46] slide
[58:46] is
[58:46] what
[58:47] is
[58:47] the
[58:47] VAT
[58:47] treatment
[58:48] of
[58:48] electricity
[58:49] by
[58:49] our
[58:50] ASEAN
[58:50] neighbors
[58:50] ito
[58:50] po
[58:51] yung
[58:51] benchmarking
[58:51] namin
[58:52] dito
[58:52] so
[58:53] out
[58:54] of
[58:54] all
[58:54] the
[58:54] ASEAN
[58:55] member
[58:55] states
[58:55] lahat
[58:56] po
[58:56] nag-impose
[58:57] ng
[58:57] VAT
[58:57] except
[58:58] only
[58:59] Brunei
[58:59] so
[59:01] hindi
[59:01] po
[59:01] sa
[59:02] atin
[59:03] unique
[59:03] ang
[59:03] nag-impose
[59:04] ng
[59:04] VAT
[59:04] sa
[59:05] electricity
[59:05] and
[59:06] we
[59:07] take
[59:07] note
[59:07] that
[59:08] VAT
[59:08] is
[59:08] an
[59:09] ad
[59:09] valorem
[59:09] tax
[59:10] it is
[59:12] based
[59:13] on
[59:13] the
[59:13] value
[59:14] or
[59:15] price
[59:15] of
[59:16] the
[59:16] electricity
[59:16] so
[59:18] kung
[59:18] mataas
[59:18] po
[59:19] ang
[59:19] base
[59:19] price
[59:20] ng
[59:20] electricity
[59:20] sa
[59:21] atin
[59:21] di
[59:22] mataas
[59:22] din
[59:22] po
[59:22] yung
[59:22] VAT
[59:23] but
[59:23] if
[59:24] the
[59:24] base
[59:24] price
[59:25] of
[59:25] electricity
[59:25] is
[59:26] low
[59:26] then
[59:26] mababa
[59:27] din
[59:27] po
[59:27] yung
[59:27] VAT
[59:27] tulad
[59:28] po
[59:29] sa
[59:29] ibang
[59:29] ASEAN
[59:29] neighbors
[59:30] natin
[59:30] that
[59:31] also
[59:31] impose
[59:32] VAT
[59:32] on
[59:33] electricity
[59:34] next
[59:36] slide
[59:36] so
[59:38] I
[59:38] will
[59:38] now
[59:38] discuss
[59:39] what
[59:39] are
[59:39] the
[59:39] consequence
[59:40] of
[59:40] VAT
[59:41] exemption
[59:41] on
[59:42] electricity
[59:42] these
[59:43] are
[59:43] the
[59:44] unintended
[59:44] consequences
[59:45] so
[59:46] we
[59:46] know
[59:46] there
[59:47] will
[59:47] be
[59:47] revenue
[59:47] losses
[59:48] but
[59:48] what
[59:48] are
[59:49] the
[59:49] unintended
[59:50] consequences
[59:50] of
[59:51] exempting
[59:51] VAT
[59:52] including
[59:53] po yung
[59:53] systems
[59:53] loss
[59:54] so
[59:56] this
[59:56] illustrates
[59:57] po yung
[59:57] generation
[59:58] so
[59:59] electricity
[59:59] is consumed
[1:00:00] by final
[1:00:00] consumers
[1:00:01] ito po yung
[1:00:02] first
[1:00:02] scenario
[1:00:02] so
[1:00:03] you
[1:00:03] have
[1:00:04] the
[1:00:04] whole
[1:00:04] electricity
[1:00:05] chain
[1:00:05] and then
[1:00:06] ang final
[1:00:07] demand
[1:00:07] mo
[1:00:07] is
[1:00:08] with
[1:00:08] household
[1:00:08] so
[1:00:09] we
[1:00:10] have
[1:00:11] the
[1:00:11] generation
[1:00:11] transmission
[1:00:12] and
[1:00:13] distribution
[1:00:13] for each
[1:00:15] chain
[1:00:15] meron po
[1:00:16] yung
[1:00:16] mga
[1:00:16] inputs
[1:00:17] mga
[1:00:17] poste
[1:00:18] capital
[1:00:19] labor
[1:00:20] rent
[1:00:20] etc
[1:00:21] etc
[1:00:21] and
[1:00:22] those
[1:00:22] inputs
[1:00:23] are
[1:00:24] subject
[1:00:24] to
[1:00:25] VAT
[1:00:25] now
[1:00:27] kapag
[1:00:27] exempt
[1:00:28] po yung
[1:00:28] electricity
[1:00:29] ibig sabihin
[1:00:31] po nun
[1:00:31] hindi po
[1:00:32] sila
[1:00:32] makapag
[1:00:32] claim
[1:00:33] ng
[1:00:33] input
[1:00:34] VAT
[1:00:34] so
[1:00:35] ano
[1:00:35] po
[1:00:36] mangyayari
[1:00:36] dun
[1:00:37] sa
[1:00:37] tinatawag
[1:00:37] naming
[1:00:38] unrecoverable
[1:00:39] input
[1:00:39] VAT
[1:00:40] it will
[1:00:41] now
[1:00:41] form
[1:00:41] part
[1:00:42] of
[1:00:42] the
[1:00:43] electricity
[1:00:43] price
[1:00:44] ipapasa
[1:00:45] lang po
[1:00:46] yan
[1:00:46] sa
[1:00:46] consumers
[1:00:47] and
[1:00:48] hence
[1:00:48] ang
[1:00:49] result
[1:00:51] po
[1:00:51] neto
[1:00:52] for the
[1:00:52] household
[1:00:53] level
[1:00:53] it can
[1:00:54] be
[1:00:54] lower
[1:00:55] no
[1:00:56] change
[1:00:56] or
[1:00:57] higher
[1:00:57] prices
[1:00:58] why
[1:00:59] because
[1:01:00] because
[1:01:00] of
[1:01:01] that
[1:01:01] unrecoverable
[1:01:02] input
[1:01:03] VAT
[1:01:03] that
[1:01:03] will
[1:01:03] now
[1:01:04] form
[1:01:04] part
[1:01:04] of
[1:01:04] the
[1:01:05] price
[1:01:05] and
[1:01:06] the
[1:01:06] current
[1:01:07] structure
[1:01:07] of
[1:01:07] the
[1:01:07] market
[1:01:08] monopoly
[1:01:08] and
[1:01:09] logipolistic
[1:01:09] wala
[1:01:10] po
[1:01:10] masyadong
[1:01:11] competition
[1:01:11] so
[1:01:12] kapag
[1:01:12] tinanggal
[1:01:12] mo
[1:01:12] po
[1:01:13] yung
[1:01:13] VAT
[1:01:13] it
[1:01:14] can
[1:01:14] be
[1:01:14] just
[1:01:14] be
[1:01:14] part
[1:01:15] of
[1:01:15] their
[1:01:15] new
[1:01:15] markup
[1:01:16] the
[1:01:17] next
[1:01:18] scenario
[1:01:18] is
[1:01:19] what
[1:01:19] if
[1:01:20] the
[1:01:20] electricity
[1:01:20] is
[1:01:21] used
[1:01:21] as
[1:01:22] an
[1:01:22] intermediate
[1:01:23] input
[1:01:23] by
[1:01:24] businesses
[1:01:24] ito
[1:01:25] po
[1:01:25] yung
[1:01:25] mas
[1:01:25] malala
[1:01:26] ito
[1:01:26] po
[1:01:26] yung
[1:01:27] unintended
[1:01:27] consequences
[1:01:28] po
[1:01:28] talaga
[1:01:29] so
[1:01:30] again
[1:01:30] we have
[1:01:31] manufacturer
[1:01:32] one
[1:01:33] here
[1:01:33] so
[1:01:34] again
[1:01:35] lahat
[1:01:35] po
[1:01:35] ng
[1:01:35] input
[1:01:36] is
[1:01:36] subject
[1:01:37] to
[1:01:37] VAT
[1:01:37] and
[1:01:38] yung
[1:01:38] output
[1:01:39] niya
[1:01:39] po
[1:01:39] is
[1:01:39] also
[1:01:40] subject
[1:01:40] to
[1:01:40] VAT
[1:01:41] now
[1:01:42] as
[1:01:42] I
[1:01:42] mentioned
[1:01:43] earlier
[1:01:43] for
[1:01:44] electricity
[1:01:45] na
[1:01:45] input
[1:01:45] niya
[1:01:46] meron
[1:01:47] po
[1:01:47] dun
[1:01:47] na
[1:01:47] unrecoverable
[1:01:48] VAT
[1:01:49] na
[1:01:49] ipapasa
[1:01:50] sa
[1:01:50] kanya
[1:01:50] so
[1:01:53] kasama
[1:01:53] po
[1:01:53] siya
[1:01:54] ng
[1:01:54] presyo
[1:01:54] na
[1:01:54] and
[1:01:56] yung
[1:01:56] presyo
[1:01:57] po
[1:01:57] na
[1:01:57] yun
[1:01:57] will
[1:01:58] be
[1:01:58] subject
[1:01:59] to
[1:01:59] VAT
[1:01:59] because
[1:02:00] he
[1:02:00] cannot
[1:02:00] claim
[1:02:01] input
[1:02:01] VAT
[1:02:02] on
[1:02:02] electricity
[1:02:03] kaya
[1:02:04] po
[1:02:04] ang
[1:02:04] mangyayari
[1:02:05] kay
[1:02:05] manufacturer
[1:02:06] one
[1:02:06] pa
[1:02:06] lang
[1:02:06] tataas
[1:02:07] na
[1:02:07] po
[1:02:07] ang
[1:02:08] kanyang
[1:02:08] business
[1:02:08] cost
[1:02:09] operation
[1:02:09] now
[1:02:11] we
[1:02:11] have
[1:02:11] the
[1:02:12] next
[1:02:13] chain
[1:02:13] is
[1:02:13] logistics
[1:02:14] ganun
[1:02:14] din
[1:02:14] po
[1:02:15] yung
[1:02:15] story
[1:02:15] may
[1:02:16] embedded
[1:02:17] input
[1:02:18] VAT
[1:02:18] na
[1:02:19] pinasa
[1:02:19] sa
[1:02:19] electricity
[1:02:20] and
[1:02:21] will
[1:02:21] also
[1:02:22] be
[1:02:22] part
[1:02:22] of
[1:02:22] the
[1:02:23] computation
[1:02:23] of
[1:02:24] VAT
[1:02:24] hence
[1:02:25] ito po
[1:02:26] yung
[1:02:26] tiyatawag
[1:02:27] natin
[1:02:27] na
[1:02:27] cascading
[1:02:28] tax
[1:02:28] na
[1:02:29] mangyayari
[1:02:29] po
[1:02:29] for
[1:02:30] the
[1:02:30] final
[1:02:30] consumer
[1:02:31] higher
[1:02:31] prices
[1:02:32] for
[1:02:32] all
[1:02:33] goods
[1:02:33] and
[1:02:33] services
[1:02:34] that
[1:02:35] use
[1:02:35] electricity
[1:02:36] as
[1:02:37] an
[1:02:37] intermediate
[1:02:37] input
[1:02:38] This
[1:02:41] is
[1:02:41] consistent
[1:02:42] with
[1:02:42] the
[1:02:42] study
[1:02:42] made
[1:02:43] by
[1:02:43] World Bank
[1:02:44] and
[1:02:44] IMF
[1:02:44] na
[1:02:45] ito
[1:02:45] po
[1:02:45] yung
[1:02:45] unintended
[1:02:46] consequences
[1:02:47] when
[1:02:47] you
[1:02:48] exempt
[1:02:48] an
[1:02:48] intermediate
[1:02:49] input
[1:02:50] The
[1:02:52] next
[1:02:52] slide
[1:02:52] po
[1:02:53] is
[1:02:56] the
[1:02:57] system
[1:02:58] the
[1:02:58] beneficiaries
[1:03:00] So
[1:03:01] kapag
[1:03:01] in-exempt
[1:03:01] po
[1:03:02] natin
[1:03:02] yung
[1:03:02] VAT
[1:03:02] yung
[1:03:03] highest
[1:03:04] 10%
[1:03:05] household
[1:03:05] will
[1:03:06] capture
[1:03:06] the
[1:03:07] largest
[1:03:07] share
[1:03:07] of
[1:03:07] around
[1:03:08] 34.7
[1:03:10] billion
[1:03:10] in saving
[1:03:11] This
[1:03:12] is
[1:03:12] assuming
[1:03:12] complete
[1:03:13] price
[1:03:13] pass
[1:03:13] through
[1:03:14] On
[1:03:15] the
[1:03:16] other
[1:03:16] hand
[1:03:16] yung
[1:03:16] lowest
[1:03:17] 30
[1:03:18] households
[1:03:18] or
[1:03:19] the
[1:03:19] bottom
[1:03:19] 30
[1:03:19] yet
[1:03:20] will
[1:03:20] only
[1:03:21] gain
[1:03:21] a
[1:03:21] tax
[1:03:21] saving
[1:03:22] of
[1:03:22] a
[1:03:22] maximum
[1:03:23] of
[1:03:23] 16.3
[1:03:24] Bakit
[1:03:24] po
[1:03:24] maximum
[1:03:25] it's
[1:03:26] because
[1:03:26] some
[1:03:26] of
[1:03:26] them
[1:03:27] are
[1:03:27] covered
[1:03:27] by
[1:03:28] the
[1:03:28] lifeline
[1:03:28] rate
[1:03:29] subsidies
[1:03:30] So
[1:03:31] yun
[1:03:31] po
[1:03:32] ang
[1:03:32] ibig
[1:03:32] sabihin
[1:03:32] nan
[1:03:33] So
[1:03:33] who
[1:03:33] will
[1:03:33] benefit
[1:03:34] the
[1:03:34] most
[1:03:34] definitely
[1:03:35] the
[1:03:35] highest
[1:03:36] income
[1:03:37] decile
[1:03:37] As
[1:03:38] you
[1:03:38] can
[1:03:38] see
[1:03:38] it's
[1:03:43] can
[1:03:49] we
[1:03:50] afford
[1:03:50] losing
[1:03:50] revenues
[1:03:51] from
[1:03:51] removal
[1:03:52] of
[1:03:52] that
[1:03:52] electricity
[1:03:53] Next
[1:03:53] slide
[1:03:54] So
[1:03:54] in
[1:03:55] the
[1:03:55] DOF
[1:03:55] for
[1:03:56] this
[1:03:56] year
[1:03:56] we're
[1:03:57] basically
[1:03:58] financing
[1:04:00] 6.8
[1:04:02] trillion
[1:04:02] of
[1:04:03] our
[1:04:03] budget
[1:04:03] this
[1:04:04] year
[1:04:04] So
[1:04:04] that
[1:04:05] means
[1:04:05] in
[1:04:05] expenditure
[1:04:07] that's
[1:04:07] 18.6
[1:04:08] billion
[1:04:09] every
[1:04:09] day
[1:04:09] financed
[1:04:11] by
[1:04:11] revenues
[1:04:11] at
[1:04:12] 13.65
[1:04:13] billion
[1:04:13] every
[1:04:14] day
[1:04:14] and
[1:04:14] through
[1:04:15] loans
[1:04:15] at
[1:04:15] 4.96
[1:04:16] billion
[1:04:17] Now
[1:04:17] if
[1:04:17] we
[1:04:18] reduce
[1:04:18] our
[1:04:18] revenue
[1:04:19] collection
[1:04:19] because
[1:04:19] of
[1:04:20] that
[1:04:20] exemption
[1:04:20] that
[1:04:21] would
[1:04:22] mean
[1:04:22] incurring
[1:04:22] more
[1:04:23] debt
[1:04:23] and
[1:04:23] would
[1:04:24] make
[1:04:24] our
[1:04:25] debt
[1:04:25] or
[1:04:25] deficit
[1:04:26] or
[1:04:26] borrowings
[1:04:27] more
[1:04:27] costly
[1:04:28] which
[1:04:28] ultimately
[1:04:29] be paid
[1:04:30] by the
[1:04:30] future
[1:04:30] Filipino
[1:04:31] generation
[1:04:31] It's
[1:04:33] like
[1:04:33] maxing
[1:04:33] out
[1:04:34] your
[1:04:34] credit
[1:04:34] card
[1:04:35] The
[1:04:36] next
[1:04:36] slide
[1:04:36] is
[1:04:37] how
[1:04:38] much
[1:04:39] is
[1:04:39] the
[1:04:39] revenue
[1:04:39] loss
[1:04:40] it's
[1:04:40] ranging
[1:04:40] from
[1:04:41] 84
[1:04:41] to
[1:04:42] 106.5
[1:04:43] billion
[1:04:43] a year
[1:04:44] so
[1:04:44] more or
[1:04:45] less
[1:04:45] average
[1:04:45] 91
[1:04:46] billion
[1:04:47] a year
[1:04:47] if
[1:04:48] that
[1:04:48] exempt
[1:04:48] for
[1:04:49] systems
[1:04:49] loss
[1:04:50] is
[1:04:50] 6.1
[1:04:51] to
[1:04:52] 8.4
[1:04:52] billion
[1:04:53] a year
[1:04:54] Next
[1:04:55] slide
[1:04:55] So
[1:04:57] what
[1:04:57] is
[1:04:58] 100
[1:04:58] billion
[1:04:59] look
[1:04:59] like
[1:04:59] So
[1:05:01] it's
[1:05:01] we
[1:05:02] take
[1:05:02] note
[1:05:03] that
[1:05:03] the
[1:05:03] four
[1:05:03] piece
[1:05:03] its
[1:05:04] period
[1:05:04] budget
[1:05:04] is
[1:05:05] around
[1:05:05] 100
[1:05:05] billion
[1:05:06] So
[1:05:06] kapag
[1:05:07] nawala
[1:05:07] po
[1:05:07] yung
[1:05:07] 100
[1:05:07] billion
[1:05:08] it
[1:05:08] can
[1:05:08] mean
[1:05:08] 4.4
[1:05:09] million
[1:05:10] four
[1:05:10] piece
[1:05:10] beneficiaries
[1:05:11] unserved
[1:05:11] that
[1:05:12] that
[1:05:13] 100
[1:05:13] billion
[1:05:13] is
[1:05:14] also
[1:05:14] 28,720
[1:05:16] classrooms for
[1:05:17] 1.1
[1:05:18] to 1.4
[1:05:19] million
[1:05:19] students
[1:05:20] it's
[1:05:21] 5.2
[1:05:22] million
[1:05:22] students
[1:05:23] for
[1:05:23] 100
[1:05:23] SUCs
[1:05:24] and
[1:05:25] 40
[1:05:26] regional
[1:05:26] hospitals
[1:05:27] that can
[1:05:27] serve
[1:05:28] 10
[1:05:28] million
[1:05:28] patients
[1:05:29] annually
[1:05:30] yun
[1:05:30] yun
[1:05:30] yun
[1:05:30] po
[1:05:31] ang
[1:05:31] katapat
[1:05:31] ng
[1:05:32] 100
[1:05:32] billion
[1:05:33] pesos
[1:05:33] po
[1:05:33] na
[1:05:34] mawawala
[1:05:34] sa
[1:05:34] atin
[1:05:35] Now
[1:05:36] the
[1:05:36] next
[1:05:36] slide
[1:05:37] will
[1:05:37] be
[1:05:37] on
[1:05:38] the
[1:05:38] systems
[1:05:39] laws
[1:05:39] We
[1:05:40] take
[1:05:40] note
[1:05:40] Madam
[1:05:40] Chair
[1:05:41] I
[1:05:41] think
[1:05:41] this
[1:05:41] is
[1:05:41] one
[1:05:42] of
[1:05:42] your
[1:05:42] requests
[1:05:42] to
[1:05:42] ERC
[1:05:43] that
[1:05:44] Malaysia
[1:05:44] Thailand
[1:05:45] Vietnam
[1:05:45] and
[1:05:46] Indonesia
[1:05:47] also
[1:05:48] impose
[1:05:48] a
[1:05:49] systems
[1:05:49] laws
[1:05:49] Ang
[1:05:51] pinagkaiba
[1:05:51] po
[1:05:51] sa
[1:05:52] Pilipinas
[1:05:52] through
[1:05:53] the
[1:05:53] ETHIRA
[1:05:53] law
[1:05:53] naka
[1:05:54] disaggregate
[1:05:56] po
[1:05:56] yung
[1:05:56] systems
[1:05:57] law
[1:05:57] sa
[1:06:01] pinagkaiba
[1:06:02] so
[1:06:02] it's
[1:06:02] not
[1:06:02] unique
[1:06:03] to
[1:06:03] us
[1:06:04] I
[1:06:04] would
[1:06:05] like
[1:06:05] to
[1:06:05] note
[1:06:05] also
[1:06:05] Madam
[1:06:06] Chair
[1:06:06] if
[1:06:07] we
[1:06:07] remove
[1:06:08] the
[1:06:08] systems
[1:06:09] laws
[1:06:09] assuming
[1:06:11] that
[1:06:11] this
[1:06:11] generation
[1:06:12] companies
[1:06:12] will
[1:06:13] maintain
[1:06:14] the
[1:06:14] same
[1:06:14] level
[1:06:15] of
[1:06:15] ROI
[1:06:15] or
[1:06:15] return
[1:06:16] on
[1:06:16] investment
[1:06:16] that
[1:06:17] would
[1:06:17] mean
[1:06:18] higher
[1:06:18] prices
[1:06:18] lang
[1:06:19] din
[1:06:19] po
[1:06:19] for
[1:06:20] electricity
[1:06:20] yun
[1:06:21] lang
[1:06:21] po
[1:06:21] mangyayari
[1:06:22] nun
[1:06:22] next
[1:06:24] slide
[1:06:24] in
[1:06:27] the
[1:06:27] next
[1:06:27] slide
[1:06:28] ito
[1:06:28] po
[1:06:29] yung
[1:06:29] mga
[1:06:29] admin
[1:06:30] problem
[1:06:31] if
[1:06:31] we
[1:06:31] exempt
[1:06:32] that
[1:06:32] on
[1:06:33] electricity
[1:06:33] one
[1:06:34] is
[1:06:35] it
[1:06:35] weakens
[1:06:35] the
[1:06:35] self
[1:06:36] enforcing
[1:06:36] nature
[1:06:37] of
[1:06:37] VAT
[1:06:37] kasi
[1:06:38] po
[1:06:38] to
[1:06:38] be
[1:06:38] able
[1:06:39] to
[1:06:39] claim
[1:06:39] input
[1:06:40] VAT
[1:06:40] nanghihingi
[1:06:41] ka po
[1:06:41] ng
[1:06:41] resibo
[1:06:42] eh
[1:06:42] so
[1:06:43] it's
[1:06:43] like
[1:06:44] a
[1:06:44] self
[1:06:44] enforcing
[1:06:45] thing
[1:06:46] for
[1:06:46] the
[1:06:47] businesses
[1:06:47] so
[1:06:48] that
[1:06:48] there's
[1:06:48] an
[1:06:48] incentive
[1:06:49] to
[1:06:49] actually
[1:06:50] issue
[1:06:50] receipts
[1:06:50] because
[1:06:51] you
[1:06:51] can
[1:06:51] claim
[1:06:51] your
[1:06:52] input
[1:06:52] if
[1:06:53] you
[1:06:53] have
[1:06:53] an
[1:06:53] output
[1:06:54] at
[1:06:55] the
[1:06:55] same
[1:06:55] time
[1:06:56] again
[1:06:56] ito
[1:06:56] po
[1:06:56] yung
[1:06:57] admin
[1:06:57] cost
[1:06:57] lang
[1:06:58] which
[1:06:58] I
[1:06:58] will
[1:06:58] not
[1:06:58] discuss
[1:06:59] anymore
[1:06:59] and
[1:07:00] then
[1:07:00] finally
[1:07:01] the
[1:07:01] last
[1:07:01] slide
[1:07:02] there
[1:07:02] was
[1:07:03] a
[1:07:03] study
[1:07:03] made
[1:07:04] by
[1:07:04] NEDA
[1:07:04] in
[1:07:05] 2015
[1:07:05] on
[1:07:06] the
[1:07:06] impact
[1:07:07] of
[1:07:07] VAT
[1:07:08] exemption
[1:07:08] on
[1:07:09] electricity
[1:07:09] to
[1:07:10] the
[1:07:10] economy
[1:07:10] and
[1:07:11] they
[1:07:11] found
[1:07:11] that
[1:07:12] the
[1:07:12] net
[1:07:12] impact
[1:07:13] which
[1:07:13] is
[1:07:13] a
[1:07:13] net
[1:07:13] cost
[1:07:14] is
[1:07:14] a
[1:07:15] 0.52
[1:07:15] percentage
[1:07:16] point
[1:07:16] reduction
[1:07:17] in
[1:07:18] real
[1:07:19] GDP
[1:07:19] that's
[1:07:21] the
[1:07:22] last
[1:07:22] slide
[1:07:22] of
[1:07:22] my
[1:07:22] presentation
[1:07:23] Madam
[1:07:24] Chair
[1:07:24] on
[1:07:24] the
[1:07:25] question
[1:07:25] of
[1:07:26] Senator
[1:07:26] Loren
[1:07:27] unfortunately
[1:07:28] the
[1:07:29] systems
[1:07:29] loss
[1:07:30] is
[1:07:30] part
[1:07:30] of
[1:07:30] the
[1:07:30] gross
[1:07:31] receipts
[1:07:31] so
[1:07:32] if
[1:07:32] it's
[1:07:32] part
[1:07:32] of
[1:07:33] the
[1:07:33] gross
[1:07:33] receipts
[1:07:33] it's
[1:07:34] subject
[1:07:34] to
[1:07:35] section
[1:07:37] 108
[1:07:37] of
[1:07:38] the
[1:07:38] NIRC
[1:07:39] I
[1:07:42] note
[1:07:43] that
[1:07:43] in
[1:07:43] 2024
[1:07:44] the
[1:07:47] Bureau
[1:07:47] of
[1:07:48] Internal
[1:07:48] Revenue
[1:07:48] had
[1:07:49] already
[1:07:49] stopped
[1:07:50] collecting
[1:07:51] the
[1:07:52] VAT
[1:07:53] on
[1:07:53] UCME
[1:07:54] when
[1:07:55] previously
[1:07:56] it was
[1:07:56] collecting
[1:07:57] just like
[1:07:58] systems
[1:07:58] loss
[1:07:58] now
[1:07:59] and
[1:07:59] sinasabi
[1:08:00] po
[1:08:00] nila
[1:08:01] na
[1:08:01] hindi
[1:08:01] kaya
[1:08:02] pero
[1:08:03] sumunod
[1:08:04] 2024
[1:08:05] just
[1:08:05] kindly
[1:08:06] correct
[1:08:07] the
[1:08:07] information
[1:08:07] if
[1:08:08] this
[1:08:08] is
[1:08:08] accurate
[1:08:08] thank
[1:08:09] you
[1:08:09] I
[1:08:10] could have
[1:08:10] third on
[1:08:11] for
[1:08:11] Senator
[1:08:11] I
[1:08:12] yes
[1:08:12] but
[1:08:13] because
[1:08:13] of
[1:08:13] RMC
[1:08:14] 116
[1:08:15] 2024
[1:08:15] the
[1:08:16] universal
[1:08:17] charge
[1:08:17] was
[1:08:17] exempted
[1:08:18] for
[1:08:19] the
[1:08:19] payment
[1:08:19] of
[1:08:19] but
[1:08:19] because
[1:08:20] it's
[1:08:20] already
[1:08:20] a
[1:08:20] government
[1:08:21] mandated
[1:08:21] charges
[1:08:22] so
[1:08:23] therefore
[1:08:23] because
[1:08:23] the
[1:08:25] universal
[1:08:25] charges
[1:08:26] was
[1:08:26] remitted
[1:08:27] to
[1:08:27] the
[1:08:28] PISAM
[1:08:28] which
[1:08:29] in
[1:08:29] the
[1:08:29] PISAM
[1:08:29] will
[1:08:29] be
[1:08:30] the
[1:08:30] one
[1:08:30] to
[1:08:31] distribute
[1:08:31] the
[1:08:31] universal
[1:08:32] charges
[1:08:33] Ibig ko
[1:08:34] lang
[1:08:34] sabihin
[1:08:34] Madam
[1:08:34] Chair
[1:08:35] pag
[1:08:35] gugustuhin
[1:08:36] kayang
[1:08:37] ibaba
[1:08:38] ang
[1:08:38] kuryente
[1:08:39] at
[1:08:40] no
[1:08:40] cost
[1:08:41] to
[1:08:42] the
[1:08:42] consumers
[1:08:43] ginawa
[1:08:44] na yan
[1:08:44] ng
[1:08:44] DIR
[1:08:45] sa
[1:08:45] UCME
[1:08:46] tapos
[1:08:47] I
[1:08:47] just
[1:08:47] take
[1:08:47] note
[1:08:48] on
[1:08:48] the
[1:08:48] example
[1:08:49] raised
[1:08:49] by
[1:08:50] the
[1:08:50] DOF
[1:08:50] pag
[1:08:52] tanggalin
[1:08:53] ang VAT
[1:08:53] o ibaba
[1:08:54] ang VAT
[1:08:54] mawawala
[1:08:55] ng
[1:08:55] subsidy
[1:08:56] ang
[1:08:56] SUC
[1:08:56] it's a
[1:08:59] general
[1:08:59] pool
[1:09:00] in
[1:09:00] ARGA
[1:09:00] so
[1:09:01] for
[1:09:02] those
[1:09:02] who
[1:09:02] do not
[1:09:03] understand
[1:09:03] the
[1:09:03] budget
[1:09:04] and
[1:09:04] that's
[1:09:04] not
[1:09:05] those
[1:09:05] in
[1:09:05] the
[1:09:05] room
[1:09:05] those
[1:09:06] who
[1:09:06] are
[1:09:06] watching
[1:09:07] ah
[1:09:07] ganun
[1:09:08] ba
[1:09:08] huwag
[1:09:09] natin
[1:09:09] i-mislead
[1:09:10] sasabihin
[1:09:10] natin
[1:09:11] ehemplo
[1:09:12] ito
[1:09:13] pwede
[1:09:13] mo rin
[1:09:14] sabihin
[1:09:14] kung
[1:09:15] maging
[1:09:15] systematic
[1:09:16] efficient
[1:09:17] at
[1:09:17] bawasan
[1:09:19] o
[1:09:19] tanggalin
[1:09:19] ang
[1:09:20] katiwalian
[1:09:20] korupsyon
[1:09:21] ay
[1:09:22] kaya
[1:09:22] natin
[1:09:23] na
[1:09:23] walang
[1:09:24] epekto
[1:09:24] sa taong
[1:09:25] bayan
[1:09:26] huwag
[1:09:26] nyo sabihin
[1:09:27] pag
[1:09:27] walang
[1:09:27] VAT
[1:09:28] walang
[1:09:28] SUC
[1:09:29] pag
[1:09:29] walang
[1:09:30] VAT
[1:09:30] walang
[1:09:31] tulong
[1:09:32] sa
[1:09:32] DOH
[1:09:32] hindi
[1:09:33] naman
[1:09:33] naka
[1:09:33] earmark
[1:09:34] ang
[1:09:34] VAT
[1:09:35] para
[1:09:35] sa
[1:09:35] edukasyon
[1:09:36] at
[1:09:36] para
[1:09:37] sa
[1:09:37] kalusugan
[1:09:38] eh
[1:09:38] iklaro
[1:09:38] iklaro
[1:09:38] kasi
[1:09:39] yung
[1:09:39] example
[1:09:40] nyo
[1:09:40] hinunpick
[1:09:41] nyo
[1:09:41] yung
[1:09:42] maintindihan
[1:09:42] ng
[1:09:42] tao
[1:09:42] eh
[1:09:43] 6
[1:09:44] billion
[1:09:44] eh
[1:09:46] magkano
[1:09:46] ba
[1:09:46] yung
[1:09:47] ninanakaw
[1:09:48] sa
[1:09:48] gobyerno
[1:09:49] or
[1:09:49] nawawala
[1:09:50] sa
[1:09:50] inefficiency
[1:09:51] see
[1:09:51] okay
[1:09:52] so
[1:09:53] just
[1:09:53] I
[1:09:53] just
[1:09:54] wanted
[1:09:54] that
[1:09:54] pointed
[1:09:54] out
[1:09:55] you
[1:09:55] don't
[1:09:55] have
[1:09:55] to
[1:09:56] answer
[1:09:56] because
[1:09:56] I'm
[1:09:57] sure
[1:09:57] my
[1:09:57] statement
[1:09:58] is
[1:09:58] accurate
[1:09:59] because
[1:09:59] that
[1:09:59] is
[1:09:59] not
[1:10:00] earmarked
[1:10:01] for
[1:10:01] education
[1:10:02] and
[1:10:02] for
[1:10:02] health
[1:10:03] thank
[1:10:04] you
[1:10:04] Madam Chair
[1:10:05] initial reaction
[1:10:08] lang sa
[1:10:08] presentation
[1:10:09] ng DOH
[1:10:10] kasi
[1:10:11] kanina
[1:10:11] sinabi mo
[1:10:12] yung mga
[1:10:12] figures
[1:10:13] ng
[1:10:13] ASEAN
[1:10:14] pero
[1:10:15] alam mo
[1:10:15] ba
[1:10:15] na
[1:10:16] ang
[1:10:17] per
[1:10:18] kilowatt
[1:10:18] hour
[1:10:18] ng
[1:10:20] electricity
[1:10:20] sa
[1:10:21] Indonesia
[1:10:21] is
[1:10:22] 91
[1:10:24] US
[1:10:25] cents
[1:10:25] sa
[1:10:27] Malaysia
[1:10:27] 50
[1:10:28] US
[1:10:29] cents
[1:10:29] sa
[1:10:31] Thailand
[1:10:31] 12
[1:10:36] or
[1:10:36] 13
[1:10:37] cents
[1:10:37] US
[1:10:38] sa
[1:10:39] Pilipinas
[1:10:40] 29
[1:10:41] cents
[1:10:42] 21
[1:10:43] cents
[1:10:43] so
[1:10:43] ibig
[1:10:43] sabihin
[1:10:44] tayo
[1:10:45] pa rin
[1:10:45] ang
[1:10:45] pinakamataas
[1:10:46] tama
[1:10:46] okay
[1:10:48] sa
[1:10:50] Indonesia
[1:10:50] sinasubsidize
[1:10:53] nila
[1:10:53] ang
[1:10:53] electricity
[1:10:53] ang
[1:10:55] subsidy
[1:10:55] nila
[1:10:55] is
[1:10:56] 11.1
[1:10:57] billion
[1:10:57] pesos
[1:10:58] sa
[1:10:59] Malaysia
[1:11:00] 2.8
[1:11:01] billion
[1:11:02] pesos
[1:11:02] sa
[1:11:04] Thailand
[1:11:05] 1.8
[1:11:06] billion
[1:11:06] pesos
[1:11:07] sa
[1:11:09] Pilipinas
[1:11:09] magkano
[1:11:12] can you
[1:11:13] tell us
[1:11:14] it's
[1:11:16] practically
[1:11:17] zero
[1:11:17] tama
[1:11:18] so
[1:11:20] do not
[1:11:21] begin
[1:11:21] by comparing
[1:11:22] with this
[1:11:22] kasi
[1:11:22] ang pinag-uusapan
[1:11:23] natin
[1:11:24] tayo pa rin
[1:11:25] ang pinakamataas
[1:11:25] ang
[1:11:26] electricidad
[1:11:26] dito sa
[1:11:27] Asia
[1:11:27] and
[1:11:28] that
[1:11:28] runs
[1:11:29] counter
[1:11:29] to
[1:11:29] the
[1:11:30] very
[1:11:30] objective
[1:11:30] of
[1:11:31] IPRA
[1:11:31] hindi
[1:11:33] ba
[1:11:33] sabi
[1:11:33] ng
[1:11:33] IPRA
[1:11:34] section
[1:11:35] 2
[1:11:36] the
[1:11:36] declaration
[1:11:37] of
[1:11:37] objectives
[1:11:38] to
[1:11:39] ensure
[1:11:41] the
[1:11:41] delivery
[1:11:41] of
[1:11:42] equitable
[1:11:43] secure
[1:11:45] quality
[1:11:47] reliable
[1:11:48] and
[1:11:49] affordable
[1:11:50] rates
[1:11:50] of
[1:11:50] electricity
[1:11:51] how
[1:11:52] do you
[1:11:52] counter
[1:11:53] the
[1:11:53] law's
[1:11:54] primary
[1:11:55] objective
[1:11:56] of giving
[1:11:58] out to
[1:11:58] the
[1:11:58] consumers
[1:11:59] affordable
[1:11:59] rates
[1:12:00] of
[1:12:00] electricity
[1:12:01] subsection
[1:12:04] F
[1:12:04] ano
[1:12:04] sinasabi
[1:12:05] ron
[1:12:05] kasi
[1:12:06] kailangan
[1:12:07] natin
[1:12:07] maging
[1:12:08] competitive
[1:12:08] in the
[1:12:09] world
[1:12:09] market
[1:12:09] kailangan
[1:12:11] ng
[1:12:11] business
[1:12:11] sabi
[1:12:12] niya
[1:12:12] you
[1:12:12] draw
[1:12:13] your
[1:12:13] attention
[1:12:13] to
[1:12:13] the
[1:12:14] section
[1:12:15] 2
[1:12:16] of
[1:12:16] IPRA
[1:12:16] paano
[1:12:17] magiging
[1:12:18] competitive
[1:12:21] ang
[1:12:21] presyo
[1:12:22] mo
[1:12:22] pagkata
[1:12:23] sinasabi
[1:12:24] mo
[1:12:24] yung
[1:12:24] negative
[1:12:25] impact
[1:12:25] ng
[1:12:26] alisin
[1:12:26] ng
[1:12:26] bat
[1:12:26] blah
[1:12:27] blah
[1:12:27] blah
[1:12:27] doon
[1:12:29] ka
[1:12:29] nagkoconcentrate
[1:12:30] lang
[1:12:30] eh
[1:12:30] Madam
[1:12:30] Chair
[1:12:31] did
[1:12:32] you
[1:12:32] ever
[1:12:33] compute
[1:12:33] or
[1:12:33] made
[1:12:34] a
[1:12:34] simulation
[1:12:35] make
[1:12:36] a
[1:12:36] simulation
[1:12:36] as to
[1:12:37] for example
[1:12:38] nung bumaba
[1:12:39] yung bat
[1:12:40] na electricity
[1:12:40] how much
[1:12:42] will that
[1:12:42] be
[1:12:42] on the
[1:12:43] production
[1:12:43] cost
[1:12:44] of
[1:12:44] every
[1:12:44] business
[1:12:45] in this
[1:12:45] country
[1:12:46] have you
[1:12:47] resorted
[1:12:47] just to
[1:12:49] a crude
[1:12:50] simulation
[1:12:51] Mr. Chair
[1:12:53] hindi meron na
[1:12:54] kayo
[1:12:55] on that
[1:12:55] wala pa
[1:12:55] but
[1:12:56] that is
[1:12:57] the whole
[1:12:57] problem
[1:12:57] because
[1:12:58] you present
[1:12:58] to us
[1:12:59] only one
[1:12:59] side
[1:13:00] of the
[1:13:00] issue
[1:13:01] what
[1:13:02] if I
[1:13:02] tell you
[1:13:03] na kahit
[1:13:03] na hindi
[1:13:04] ako
[1:13:04] economist
[1:13:05] nakatulad
[1:13:05] mo
[1:13:05] I am
[1:13:06] in a
[1:13:06] position
[1:13:07] to present
[1:13:07] to you
[1:13:07] a
[1:13:08] simulation
[1:13:08] kasi
[1:13:09] dapat
[1:13:10] yun
[1:13:10] natingnan
[1:13:11] ninyo
[1:13:11] how
[1:13:11] much
[1:13:12] it is
[1:13:13] for the
[1:13:13] business
[1:13:13] sector
[1:13:14] imagine
[1:13:14] mo
[1:13:14] for
[1:13:15] example
[1:13:15] a company
[1:13:16] which
[1:13:17] production
[1:13:18] cost
[1:13:18] is something
[1:13:19] like
[1:13:19] 50%
[1:13:20] or
[1:13:20] 60%
[1:13:21] halimbawa
[1:13:23] Madam Chair
[1:13:24] yung gumagawa
[1:13:24] ng yellow
[1:13:25] ang production
[1:13:28] cost
[1:13:28] niya
[1:13:28] is 70%
[1:13:30] sabihin mo
[1:13:31] sa kanya
[1:13:31] ibababa
[1:13:32] na alisin
[1:13:32] natin
[1:13:32] ng 12%
[1:13:33] but
[1:13:33] gaano
[1:13:35] Madam Chair
[1:13:36] ang iikot
[1:13:37] ng ekonomiya
[1:13:38] mo
[1:13:38] wala
[1:13:40] kayong
[1:13:40] simulation
[1:13:40] tignan mo
[1:13:42] ang nangyari
[1:13:42] Madam Chair
[1:13:43] first quarter
[1:13:44] growth
[1:13:45] ng ating
[1:13:45] bansa
[1:13:45] is
[1:13:46] 2.8%
[1:13:47] this is
[1:13:47] the lowest
[1:13:48] in the
[1:13:48] entire
[1:13:49] history
[1:13:49] of this
[1:13:49] country
[1:13:50] hindi
[1:13:51] niyo
[1:13:51] napapagalaw
[1:13:52] kung ano
[1:13:52] papano
[1:13:53] gagalaw
[1:13:54] ang
[1:13:54] economic
[1:13:54] engine
[1:13:55] kaya tayo
[1:13:56] nag-iisip
[1:13:56] lahat
[1:13:57] sana
[1:13:57] ng
[1:13:57] paraan
[1:13:58] you have
[1:13:58] not
[1:13:59] even
[1:13:59] do
[1:14:05] any
[1:14:05] simulation
[1:14:06] ilang
[1:14:07] beses
[1:14:07] kaya
[1:14:08] iikot
[1:14:08] ang
[1:14:08] ekonomiya
[1:14:09] natin
[1:14:09] baka
[1:14:10] anong
[1:14:10] malay
[1:14:10] mo
[1:14:11] yung
[1:14:12] 2.8%
[1:14:13] natin
[1:14:14] dapat
[1:14:14] siguro
[1:14:14] 8.2%
[1:14:16] yun
[1:14:16] baka
[1:14:17] for the
[1:14:17] first
[1:14:18] time
[1:14:18] Madam Chair
[1:14:18] ang growth
[1:14:19] natin
[1:14:20] is
[1:14:20] 10%
[1:14:21] na hindi
[1:14:22] pa natin
[1:14:22] nagagawa
[1:14:23] sa buong
[1:14:23] buhay
[1:14:24] natin
[1:14:24] because
[1:14:25] ang laki
[1:14:26] yata
[1:14:26] ng
[1:14:27] kaugnayan
[1:14:27] ng
[1:14:27] tax
[1:14:28] I made
[1:14:28] an initial
[1:14:30] simulation
[1:14:31] the
[1:14:31] relationship
[1:14:32] of
[1:14:32] taxes
[1:14:33] to the
[1:14:34] gross
[1:14:34] value
[1:14:35] added
[1:14:35] and the
[1:14:36] relation
[1:14:36] of
[1:14:37] taxes
[1:14:37] meron siyang
[1:14:38] direct
[1:14:39] correlation
[1:14:39] with
[1:14:40] export
[1:14:40] I'm not
[1:14:43] finished
[1:14:43] with my
[1:14:43] simulation
[1:14:44] but
[1:14:44] initially
[1:14:45] kailangan
[1:14:46] natin
[1:14:46] mag
[1:14:46] experiment
[1:14:47] at saka
[1:14:49] yung
[1:14:49] mawawala
[1:14:50] sa atin
[1:14:51] ang estimate
[1:14:51] ko is
[1:14:52] about
[1:14:52] 150
[1:14:53] billion
[1:14:53] pesos
[1:14:54] sa natin
[1:14:55] kukunin
[1:14:55] I have
[1:14:56] ways
[1:14:58] to do
[1:14:58] this
[1:14:58] in proper
[1:15:00] time
[1:15:00] I will
[1:15:00] show
[1:15:00] you
[1:15:00] how
[1:15:01] thank
[1:15:01] you
[1:15:01] Madam
[1:15:02] Chair
[1:15:02] do you
[1:15:07] want
[1:15:07] to
[1:15:07] respond
[1:15:07] Madam
[1:15:08] Chair
[1:15:09] on
[1:15:10] the
[1:15:10] effect
[1:15:11] of
[1:15:11] the
[1:15:11] VAT
[1:15:11] exemption
[1:15:12] to
[1:15:12] businesses
[1:15:13] it
[1:15:14] was
[1:15:14] mentioned
[1:15:14] in
[1:15:15] slide
[1:15:15] 13
[1:15:15] it
[1:15:16] will
[1:15:16] actually
[1:15:17] make
[1:15:17] their
[1:15:18] operational
[1:15:18] costs
[1:15:19] higher
[1:15:19] because
[1:15:20] one
[1:15:21] they
[1:15:22] are
[1:15:23] unrecoverable
[1:15:23] input
[1:15:24] VAT
[1:15:24] that
[1:15:25] will
[1:15:25] now
[1:15:25] form
[1:15:26] part
[1:15:26] of
[1:15:26] the
[1:15:26] electricity
[1:15:27] price
[1:15:28] na
[1:15:28] dun
[1:15:29] sa
[1:15:29] businesses
[1:15:29] since
[1:15:30] wala nga
[1:15:31] pong
[1:15:31] input
[1:15:32] yung
[1:15:32] electricity
[1:15:33] they
[1:15:33] cannot
[1:15:33] claim
[1:15:34] input
[1:15:34] VAT
[1:15:35] to
[1:15:35] the
[1:15:35] electricity
[1:15:36] nila
[1:15:37] po
[1:15:37] mismo
[1:15:37] present
[1:15:39] your
[1:15:39] simulation
[1:15:40] I'll
[1:15:40] present
[1:15:40] mine
[1:15:41] also
[1:15:41] in
[1:15:41] proper
[1:15:41] time
[1:15:42] Sige
[1:15:43] po
[1:15:43] this
[1:15:44] is
[1:15:44] consistent
[1:15:44] po
[1:15:44] with
[1:15:45] the
[1:15:45] study
[1:15:45] of
[1:15:45] IMF
[1:15:46] and
[1:15:46] World
[1:15:46] Bank
[1:15:47] on
[1:15:47] that
[1:15:48] basic
[1:15:48] thing
[1:15:49] that
[1:15:49] you're
[1:15:49] saying
[1:15:49] any
[1:15:50] businessman
[1:15:51] will
[1:15:51] understand
[1:15:51] that
[1:15:52] Pag
[1:15:52] hindi
[1:15:52] mo
[1:15:52] mababawi
[1:15:53] yung
[1:15:53] input
[1:15:55] and
[1:15:55] output
[1:15:55] ikaw
[1:15:56] gagastus
[1:15:56] nun
[1:15:57] so
[1:15:57] yung
[1:15:57] mga
[1:15:57] kunyari
[1:15:58] ito
[1:15:58] na lang
[1:15:58] example
[1:15:59] pag
[1:15:59] nag import
[1:16:01] ka
[1:16:01] nag
[1:16:02] nag
[1:16:02] import
[1:16:05] ka
[1:16:05] hindi
[1:16:05] ka
[1:16:05] nag
[1:16:05] bayad
[1:16:05] ng
[1:16:06] VAT
[1:16:06] mo
[1:16:06] doon
[1:16:06] maraming
[1:16:07] ganon
[1:16:07] di ba
[1:16:07] yung
[1:16:08] you import
[1:16:11] smuggled
[1:16:14] it
[1:16:15] so
[1:16:16] wala
[1:16:16] ka
[1:16:16] so
[1:16:17] later
[1:16:18] on
[1:16:18] pag
[1:16:19] benta
[1:16:19] mo
[1:16:19] wala
[1:16:20] kang
[1:16:20] counterpart
[1:16:21] na
[1:16:22] input
[1:16:23] VAT
[1:16:24] na
[1:16:24] mababaw
[1:16:24] it
[1:16:24] I think
[1:16:25] that's
[1:16:25] what
[1:16:25] you're
[1:16:25] saying
[1:16:25] you're
[1:16:26] not
[1:16:26] disagreeing
[1:16:27] with
[1:16:27] the
[1:16:28] senator
[1:16:28] but
[1:16:28] you're
[1:16:28] just
[1:16:29] pointing
[1:16:29] out
[1:16:29] that
[1:16:29] that's
[1:16:30] basic
[1:16:30] in
[1:16:30] the
[1:16:32] way
[1:16:32] the
[1:16:32] input
[1:16:32] and
[1:16:33] output
[1:16:33] VAT
[1:16:34] works
[1:16:34] most
[1:16:35] businessmen
[1:16:36] understand
[1:16:36] that
[1:16:37] kasi
[1:16:37] they'll
[1:16:37] say
[1:16:37] na
[1:16:37] wala
[1:16:38] tayong
[1:16:38] input
[1:16:38] dyan
[1:16:38] makabili
[1:16:39] kami
[1:16:40] mag-offer
[1:16:41] sa'yo
[1:16:41] ng
[1:16:41] murang
[1:16:41] materials
[1:16:43] murang
[1:16:44] raw
[1:16:45] materials
[1:16:46] pero
[1:16:46] under
[1:16:48] the
[1:16:48] table
[1:16:48] or
[1:16:49] smuggled
[1:16:49] so
[1:16:49] wala
[1:16:49] kang
[1:16:50] input
[1:16:51] VAT
[1:16:52] na
[1:16:52] mababawi
[1:16:53] later
[1:16:53] on
[1:16:53] anyway
[1:16:54] let's
[1:16:54] leave
[1:16:54] it
[1:16:54] mahaba
[1:16:55] at
[1:16:56] madugo
[1:16:56] itong
[1:16:56] diskusyon
[1:16:57] na
[1:16:57] ito
[1:16:57] yes
[1:16:58] okay
[1:16:59] fine
[1:16:59] in line
[1:17:03] with what
[1:17:03] you said
[1:17:04] mahirap
[1:17:05] talaga
[1:17:05] yung
[1:17:05] input
[1:17:06] output
[1:17:06] what is
[1:17:07] the
[1:17:07] effect
[1:17:07] of
[1:17:08] just
[1:17:08] zero
[1:17:08] rating
[1:17:09] instead
[1:17:10] of
[1:17:10] exempting
[1:17:11] binanggit
[1:17:11] ni Madam
[1:17:12] Chair
[1:17:12] yung
[1:17:12] iba nga
[1:17:13] so
[1:17:13] zero
[1:17:14] rate
[1:17:14] natin
[1:17:14] ang
[1:17:14] systems
[1:17:15] loss
[1:17:15] o
[1:17:16] di
[1:17:16] hindi
[1:17:16] kayo
[1:17:16] mahirapan
[1:17:17] sa
[1:17:17] input
[1:17:17] output
[1:17:18] Madam
[1:17:19] Chair
[1:17:19] for
[1:17:19] the
[1:17:20] revenue
[1:17:20] it
[1:17:20] will
[1:17:20] be
[1:17:21] higher
[1:17:21] it's
[1:17:21] around
[1:17:22] 158
[1:17:23] billion
[1:17:23] per
[1:17:23] year
[1:17:24] for
[1:17:25] the
[1:17:25] businesses
[1:17:26] it will
[1:17:26] be
[1:17:26] neutral
[1:17:27] wala pong
[1:17:27] impact
[1:17:28] sa cost
[1:17:28] of
[1:17:28] businesses
[1:17:29] nila
[1:17:29] yun
[1:17:30] kasi
[1:17:30] nga
[1:17:30] po
[1:17:31] since
[1:17:31] wala
[1:17:31] ng
[1:17:31] output
[1:17:32] and
[1:17:32] wala
[1:17:32] din
[1:17:32] namang
[1:17:33] input
[1:17:33] so
[1:17:33] cost
[1:17:34] neutral
[1:17:35] po
[1:17:35] yan
[1:17:35] for
[1:17:35] businesses
[1:17:36] yung
[1:17:36] what
[1:17:37] zero
[1:17:37] rating
[1:17:38] for
[1:17:38] businesses
[1:17:39] for
[1:17:42] the
[1:17:43] consumers
[1:17:44] assuming
[1:17:44] po
[1:17:45] na
[1:17:45] complete
[1:17:45] price
[1:17:46] pass
[1:17:46] through
[1:17:46] pwede
[1:17:48] pwede
[1:17:48] bumaba
[1:17:49] walang
[1:17:50] epekto
[1:17:51] sa
[1:17:51] business
[1:17:51] anong
[1:17:52] pwedeng
[1:17:53] bumaba
[1:17:53] siyempre
[1:17:53] bababa
[1:17:54] pag
[1:17:54] magtatanggal
[1:17:55] ka
[1:17:55] ng
[1:17:55] buis
[1:17:56] bababa
[1:17:57] mas iba
[1:17:57] konti
[1:17:58] bababa
[1:17:58] tas wala
[1:17:59] naman
[1:17:59] epekto
[1:18:00] sa
[1:18:00] business
[1:18:00] so
[1:18:01] pwedeng
[1:18:01] zero
[1:18:01] rated
[1:18:02] at
[1:18:03] saka
[1:18:04] yun
[1:18:04] nga
[1:18:04] yung
[1:18:05] puntos
[1:18:05] nagtatanggal
[1:18:07] na
[1:18:07] kayo
[1:18:07] ng
[1:18:08] VAT
[1:18:08] sa
[1:18:08] UC
[1:18:10] UCME
[1:18:12] so yung
[1:18:12] dadagdagan ko
[1:18:14] yung
[1:18:14] lifeline
[1:18:15] yung
[1:18:15] senior
[1:18:15] citizens
[1:18:16] na
[1:18:16] VAT
[1:18:16] ninyo
[1:18:18] pwede
[1:18:18] naman
[1:18:19] tanggalin
[1:18:19] kasi
[1:18:19] it's
[1:18:20] the same
[1:18:20] principle
[1:18:21] as
[1:18:21] UCME
[1:18:22] pero
[1:18:22] sabi
[1:18:22] nga
[1:18:22] ni
[1:18:22] chair
[1:18:23] mag
[1:18:23] present
[1:18:24] sa
[1:18:24] iba
[1:18:24] yun
[1:18:25] ang
[1:18:25] puntos
[1:18:25] ko
[1:18:25] pwede
[1:18:26] ginawa
[1:18:27] ng
[1:18:27] BIR
[1:18:27] ng
[1:18:28] 2024
[1:18:28] thank you
[1:18:29] crisis
[1:18:35] talaga
[1:18:35] maski
[1:18:36] counting
[1:18:36] bawas
[1:18:37] lang
[1:18:37] malaking
[1:18:38] bagay
[1:18:38] at
[1:18:39] ginawa
[1:18:40] na
[1:18:40] nga
[1:18:40] ng
[1:18:40] BIR
[1:18:41] ng
[1:18:43] 2024
[1:18:44] so
[1:18:45] ang
[1:18:45] UC
[1:18:45] at
[1:18:46] lifeline
[1:18:46] at
[1:18:46] senior
[1:18:47] systems
[1:18:47] laws
[1:18:48] similar
[1:18:49] in
[1:18:49] principle
[1:18:49] that's
[1:18:50] just
[1:18:50] my
[1:18:50] point
[1:18:51] Sige
[1:18:54] let's
[1:18:54] move
[1:18:54] on
[1:18:54] we
[1:18:55] have
[1:18:55] 30
[1:18:56] minutes
[1:18:56] and
[1:18:57] so
[1:18:57] many
[1:18:57] resource
[1:18:57] persons
[1:18:58] to
[1:18:58] call
[1:18:58] on
[1:18:59] I'll
[1:19:00] call
[1:19:00] on
[1:19:01] Meralco
[1:19:01] attorney
[1:19:02] Valles
[1:19:03] you have
[1:19:04] the floor
[1:19:04] sir
[1:19:04] and
[1:19:05] then
[1:19:05] please
[1:19:05] be
[1:19:05] ready
[1:19:06] Philippine
[1:19:07] Independent
[1:19:07] Power
[1:19:08] Producers
[1:19:09] Association
[1:19:09] Thank
[1:19:12] you
[1:19:12] Madam
[1:19:12] Chair
[1:19:13] good
[1:19:14] afternoon
[1:19:15] to
[1:19:15] all
[1:19:16] the
[1:19:16] members
[1:19:16] of
[1:19:16] the
[1:19:16] Senate
[1:19:16] we
[1:19:18] first
[1:19:19] of
[1:19:19] all
[1:19:19] we'd
[1:19:19] like
[1:19:19] to
[1:19:19] thank
[1:19:20] the
[1:19:20] community
[1:19:20] for
[1:19:20] this
[1:19:20] opportunity
[1:19:21] to
[1:19:21] explain
[1:19:22] Amiralco's
[1:19:22] position
[1:19:22] and
[1:19:23] just
[1:19:24] for
[1:19:24] emphasis
[1:19:25] we
[1:19:25] are
[1:19:25] supporting
[1:19:26] all
[1:19:26] the
[1:19:26] measures
[1:19:27] that
[1:19:27] are
[1:19:28] intended
[1:19:28] to
[1:19:28] reduce
[1:19:29] the
[1:19:29] cost
[1:19:29] of
[1:19:30] electricity
[1:19:30] to
[1:19:31] our
[1:19:31] end
[1:19:31] users
[1:19:31] I
[1:19:34] hope
[1:19:34] that
[1:19:35] we
[1:19:35] can
[1:19:35] review
[1:19:35] all
[1:19:36] the
[1:19:36] components
[1:19:36] of
[1:19:36] the
[1:19:37] bill
[1:19:37] and
[1:19:38] determine
[1:19:38] if
[1:19:38] there
[1:19:38] are
[1:19:39] issues
[1:19:39] on
[1:19:40] each
[1:19:40] of
[1:19:40] them
[1:19:40] so
[1:19:41] that
[1:19:41] 100%
[1:19:43] of
[1:19:43] the
[1:19:43] benefit
[1:19:43] will
[1:19:43] really
[1:19:44] go
[1:19:44] to
[1:19:44] the
[1:19:45] consumers
[1:19:45] and
[1:19:46] that
[1:19:46] for
[1:19:48] the
[1:19:48] information
[1:19:48] of
[1:19:49] the
[1:19:49] committee
[1:19:50] we
[1:19:51] have
[1:19:51] already
[1:19:51] submitted
[1:19:52] our
[1:19:52] responses
[1:19:53] to
[1:19:54] the
[1:19:54] initial
[1:19:54] set
[1:19:55] of
[1:19:55] questions
[1:19:55] that
[1:19:56] were
[1:19:56] given
[1:19:56] to
[1:19:57] us
[1:19:57] and
[1:19:58] we
[1:19:58] are
[1:19:58] asking
[1:19:58] the
[1:19:59] committee
[1:19:59] for
[1:20:00] the
[1:20:00] opportunity
[1:20:00] to
[1:20:00] submit
[1:20:01] in
[1:20:02] more
[1:20:02] details
[1:20:02] the
[1:20:03] additional
[1:20:03] comments
[1:20:04] that
[1:20:04] we
[1:20:11] added
[1:20:11] tax
[1:20:11] on
[1:20:12] the
[1:20:12] value
[1:20:12] added
[1:20:12] tax
[1:20:13] as
[1:20:13] correctly
[1:20:14] pointed
[1:20:15] out
[1:20:15] earlier
[1:20:15] assuming
[1:20:18] that
[1:20:18] may
[1:20:20] bat
[1:20:20] exempt
[1:20:20] po
[1:20:21] sa
[1:20:23] electricity
[1:20:24] then
[1:20:24] there
[1:20:25] will
[1:20:25] be
[1:20:26] an
[1:20:26] input
[1:20:26] tax
[1:20:26] that
[1:20:26] we
[1:20:27] will
[1:20:27] not
[1:20:27] be
[1:20:28] able
[1:20:28] to
[1:20:28] charge
[1:20:28] or
[1:20:29] to
[1:20:29] upset
[1:20:29] against
[1:20:30] the
[1:20:30] output
[1:20:30] tax
[1:20:31] so
[1:20:32] tama
[1:20:32] po
[1:20:32] yung
[1:20:32] suggestion
[1:20:33] kanina
[1:20:33] and
[1:20:33] we
[1:20:34] support
[1:20:34] that
[1:20:34] instead
[1:20:35] of
[1:20:35] bat
[1:20:35] exempt
[1:20:36] dapat
[1:20:36] zero
[1:20:37] rated
[1:20:37] so
[1:20:38] that
[1:20:38] the
[1:20:38] entire
[1:20:38] benefit
[1:20:39] will
[1:20:40] accrue
[1:20:40] to
[1:20:40] the
[1:20:41] consumer
[1:20:41] and
[1:20:42] then
[1:20:42] on
[1:20:43] the
[1:20:44] second
[1:20:44] point
[1:20:44] on
[1:20:44] the
[1:20:44] system
[1:20:45] law
[1:20:45] sabi
[1:20:45] po
[1:20:45] naipaliwanag
[1:20:47] po
[1:20:47] kanina
[1:20:47] ng
[1:20:48] Energy
[1:20:48] Regulatory
[1:20:49] Commission
[1:20:49] at
[1:20:50] sumasangayon
[1:20:51] kami
[1:20:51] doon
[1:20:52] ang
[1:20:52] system
[1:20:54] laws
[1:20:54] ay talaga
[1:20:55] po
[1:20:55] sa totoo
[1:20:56] lang
[1:20:56] yan po
[1:20:57] ay parte
[1:20:57] ng
[1:20:57] generation
[1:20:58] cost
[1:20:59] ng
[1:21:00] generation
[1:21:02] companies
[1:21:03] so
[1:21:04] ang
[1:21:06] system
[1:21:08] laws
[1:21:08] po
[1:21:08] kung
[1:21:10] hindi
[1:21:10] natin
[1:21:11] papayagang
[1:21:11] ma-recover
[1:21:12] sa
[1:21:13] consumers
[1:21:14] malaki
[1:21:14] po
[1:21:14] ang
[1:21:14] impact
[1:21:15] niyan
[1:21:15] sa
[1:21:16] mga
[1:21:16] distribution
[1:21:17] utilities
[1:21:18] kung
[1:21:18] distribution
[1:21:19] utilities
[1:21:19] po
[1:21:19] ang
[1:21:20] mag-aabsorb
[1:21:20] ng
[1:21:21] system
[1:21:21] loss
[1:21:22] within
[1:21:22] the
[1:21:22] cap
[1:21:23] kung
[1:21:24] hindi
[1:21:24] po
[1:21:24] yan
[1:21:25] pa
[1:21:25] i-recover
[1:21:26] sa
[1:21:26] mga
[1:21:26] distribution
[1:21:27] utilities
[1:21:28] hindi
[1:21:28] rin
[1:21:28] po
[1:21:28] yan
[1:21:28] mababayaran
[1:21:29] ng
[1:21:29] mga
[1:21:29] distribution
[1:21:30] utilities
[1:21:31] sa
[1:21:31] generation
[1:21:32] companies
[1:21:32] sa
[1:21:33] kanila
[1:21:34] naman
[1:21:34] talaga
[1:21:34] ang
[1:21:35] part
[1:21:36] naman
[1:21:36] talaga
[1:21:37] ng
[1:21:37] generation
[1:21:38] cost
[1:21:38] ang
[1:21:39] system
[1:21:39] loss
[1:21:39] so
[1:21:40] pag
[1:21:41] hindi
[1:21:42] po
[1:21:42] yan
[1:21:42] nabayaran
[1:21:42] sa
[1:21:43] generation
[1:21:44] companies
[1:21:44] gagawin
[1:21:45] din lang
[1:21:45] nilang
[1:21:45] parte
[1:21:46] ng
[1:21:47] presyo
[1:21:48] ng
[1:21:48] kuryente
[1:21:48] nila
[1:21:49] ang
[1:21:49] system
[1:21:50] loss
[1:21:51] so
[1:21:51] tataas
[1:21:51] din po
[1:21:52] ang presyo
[1:21:53] ng
[1:21:53] kuryente
[1:21:53] natin
[1:21:54] hindi
[1:21:55] hindi
[1:21:55] hindi
[1:21:55] lang
[1:21:55] po
[1:21:55] natin
[1:21:55] alam
[1:21:55] kung
[1:21:56] mag-offset
[1:21:56] yung
[1:21:57] dagdag
[1:21:58] na
[1:21:58] yun
[1:21:58] sa
[1:21:58] tatanggalin
[1:22:00] ng
[1:22:00] system
[1:22:00] loss
[1:22:01] so
[1:22:02] sana
[1:22:02] po
[1:22:02] mapag-aralan
[1:22:03] natin
[1:22:03] yun
[1:22:03] kung
[1:22:04] distribution
[1:22:05] utilities
[1:22:05] naman
[1:22:05] po
[1:22:06] ay
[1:22:06] mapipilitan
[1:22:07] na
[1:22:08] mag-absorb
[1:22:11] ng
[1:22:11] system
[1:22:11] loss
[1:22:11] as part
[1:22:13] of
[1:22:13] the
[1:22:13] distribution
[1:22:14] utilities
[1:22:14] business
[1:22:15] risk
[1:22:15] sana
[1:22:16] po
[1:22:17] makunawaan
[1:22:17] din
[1:22:17] natin
[1:22:18] na
[1:22:18] ang
[1:22:19] distribution
[1:22:19] utilities
[1:22:20] gaya
[1:22:20] po
[1:22:20] ng
[1:22:20] ibang
[1:22:21] negosyo
[1:22:22] ay
[1:22:22] maging
[1:22:23] invest
[1:22:24] para
[1:22:24] mabawasan
[1:22:25] ang
[1:22:25] risk
[1:22:26] na yan
[1:22:26] at
[1:22:27] yung
[1:22:27] investment
[1:22:27] at
[1:22:28] yung
[1:22:28] cost
[1:22:28] ng
[1:22:28] investment
[1:22:29] na yan
[1:22:29] ay
[1:22:29] malaki
[1:22:30] din
[1:22:30] po
[1:22:30] so
[1:22:31] for
[1:22:31] every
[1:22:32] 1%
[1:22:32] reduction
[1:22:34] in
[1:22:35] non-technical
[1:22:36] loss
[1:22:36] that's
[1:22:36] about
[1:22:36] 13
[1:22:37] billion
[1:22:37] annually
[1:22:40] na
[1:22:41] additional
[1:22:41] cost
[1:22:42] so
[1:22:42] dapat
[1:22:42] po
[1:22:42] sabi
[1:22:43] nga po
[1:22:43] dun
[1:22:43] sa slide
[1:22:44] kanina
[1:22:44] ng
[1:22:45] Energy
[1:22:45] Regulatory
[1:22:46] Commission
[1:22:46] dapat
[1:22:46] may
[1:22:47] timbang
[1:22:47] natin
[1:22:48] kung
[1:22:48] makakabuti
[1:22:49] ba
[1:22:49] talaga
[1:22:50] na
[1:22:50] tanggalin
[1:22:50] yung
[1:22:51] system
[1:22:51] loss
[1:22:51] pero
[1:22:52] magtataas
[1:22:52] naman
[1:22:53] ang
[1:22:53] gastusin
[1:22:54] ng
[1:22:54] utility
[1:22:54] na
[1:22:55] i-apply
[1:22:56] nila
[1:22:56] as part
[1:22:57] ng
[1:22:57] kanilang
[1:22:57] rate
[1:22:58] ganon
[1:22:59] din po
[1:22:59] kung
[1:22:59] ipapasa
[1:23:00] ito
[1:23:00] sa
[1:23:00] generation
[1:23:01] companies
[1:23:01] itataas
[1:23:02] din nila
[1:23:02] ang cost
[1:23:03] ng
[1:23:03] kanilang
[1:23:03] generation
[1:23:04] at
[1:23:06] ipapasa
[1:23:07] din nila
[1:23:07] sa mga
[1:23:08] utilities
[1:23:08] at
[1:23:08] sa mga
[1:23:09] eventually
[1:23:09] sa end
[1:23:10] users
[1:23:10] sana
[1:23:10] po
[1:23:11] ma-way
[1:23:13] natin
[1:23:13] ng
[1:23:13] mabuti
[1:23:14] yun
[1:23:15] lamang
[1:23:15] po
[1:23:15] Madam
[1:23:16] Chair
[1:23:17] Thank
[1:23:17] you
[1:23:17] Thank
[1:23:29] you
[1:23:29] we'll need
[1:23:31] you for
[1:23:31] many
[1:23:31] more
[1:23:32] discussions
[1:23:34] but thank
[1:23:35] you for
[1:23:35] focusing on
[1:23:35] that
[1:23:36] for now
[1:23:36] thank you
[1:23:37] let's go
[1:23:38] now to
[1:23:38] PIPA
[1:23:39] Attorney
[1:23:40] Diane
[1:23:40] Uy
[1:23:40] you have
[1:23:41] the floor
[1:23:41] and then
[1:23:42] please be
[1:23:42] ready
[1:23:43] all the
[1:23:43] others
[1:23:43] we'll
[1:23:44] really
[1:23:44] try to
[1:23:45] maximize
[1:23:45] the time
[1:23:46] that we
[1:23:46] have
[1:23:46] Good
[1:23:47] afternoon
[1:23:47] Madam
[1:23:48] Chair
[1:23:48] and to
[1:23:49] the rest
[1:23:49] of the
[1:23:49] participants
[1:23:50] of today's
[1:23:51] discussion
[1:23:51] we submitted
[1:23:53] a presentation
[1:23:53] to outline
[1:23:55] PIPA's
[1:23:55] comments
[1:23:56] thank you
[1:24:02] so the
[1:24:03] comments
[1:24:03] and concerns
[1:24:04] of PIPA
[1:24:04] on the
[1:24:05] proposed
[1:24:05] bills
[1:24:05] and
[1:24:06] resolutions
[1:24:06] may be
[1:24:07] summarized
[1:24:07] into
[1:24:08] five
[1:24:08] themes
[1:24:09] first
[1:24:10] on to
[1:24:11] slide
[1:24:11] four
[1:24:12] please
[1:24:12] first
[1:24:13] on the
[1:24:13] VAT
[1:24:14] exemption
[1:24:14] of
[1:24:14] electricity
[1:24:15] sales
[1:24:16] generally
[1:24:17] PIPA
[1:24:17] supports
[1:24:18] the
[1:24:18] measures
[1:24:18] that
[1:24:19] reduce
[1:24:19] electricity
[1:24:20] costs
[1:24:20] for
[1:24:20] consumers
[1:24:21] provided
[1:24:22] that
[1:24:22] these
[1:24:22] measures
[1:24:23] are
[1:24:23] implemented
[1:24:24] in a
[1:24:24] way
[1:24:24] that
[1:24:24] is
[1:24:25] tax
[1:24:25] neutral
[1:24:25] administratively
[1:24:27] feasible
[1:24:27] and
[1:24:27] non-disruptive
[1:24:29] to the
[1:24:30] energy
[1:24:30] sector
[1:24:31] in
[1:24:32] implementing
[1:24:32] these
[1:24:33] measures
[1:24:33] PIPA
[1:24:34] respectfully
[1:24:34] submits
[1:24:35] that
[1:24:35] input
[1:24:36] VAT
[1:24:36] recovery
[1:24:36] of members
[1:24:37] of the
[1:24:37] energy
[1:24:38] sector
[1:24:38] must be
[1:24:39] protected
[1:24:39] the
[1:24:40] effect
[1:24:41] of
[1:24:41] non-recovery
[1:24:42] was also
[1:24:43] touched
[1:24:43] on by
[1:24:43] USEC
[1:24:44] Adriano
[1:24:45] or if
[1:24:45] the
[1:24:46] partial
[1:24:46] or full
[1:24:47] VAT
[1:24:47] exemption
[1:24:48] be
[1:24:48] proceeded
[1:24:48] with
[1:24:49] PIPA
[1:24:50] further
[1:24:50] submits
[1:24:50] that
[1:24:51] the
[1:24:51] law
[1:24:51] should
[1:24:51] include
[1:24:52] a
[1:24:52] mechanism
[1:24:52] allowing
[1:24:53] generators
[1:24:54] to
[1:24:54] recover
[1:24:54] credit
[1:24:55] refund
[1:24:56] or
[1:24:56] otherwise
[1:24:57] neutralize
[1:24:58] input
[1:24:58] VAT
[1:24:59] attributable
[1:24:59] to
[1:25:00] electricity
[1:25:01] supply
[1:25:01] on
[1:25:02] on
[1:25:02] the
[1:25:02] other
[1:25:02] hand
[1:25:03] existing
[1:25:04] contracts
[1:25:05] such
[1:25:05] as
[1:25:05] power
[1:25:05] supply
[1:25:06] agreements
[1:25:06] and
[1:25:07] Wesson
[1:25:07] settlement
[1:25:08] arrangements
[1:25:08] and
[1:25:09] recovery
[1:25:10] ERC
[1:25:11] approved
[1:25:11] cost
[1:25:12] recovery
[1:25:12] must
[1:25:13] be
[1:25:13] preserved
[1:25:14] second
[1:25:16] slide
[1:25:17] six
[1:25:17] piece
[1:25:17] on
[1:25:18] system
[1:25:18] loss
[1:25:18] PIPA
[1:25:20] would like
[1:25:20] to
[1:25:20] emphasize
[1:25:20] that
[1:25:21] any
[1:25:21] system
[1:25:22] loss
[1:25:22] legislation
[1:25:22] should
[1:25:23] remain
[1:25:23] focused
[1:25:24] on
[1:25:24] DU
[1:25:24] performance
[1:25:25] and
[1:25:26] consumer
[1:25:26] billing
[1:25:26] and
[1:25:27] recommends
[1:25:27] that
[1:25:28] the
[1:25:28] proposed
[1:25:28] bills
[1:25:29] include
[1:25:29] clear
[1:25:30] non-impairment
[1:25:31] language
[1:25:31] and
[1:25:32] safeguards
[1:25:33] ensuring
[1:25:34] that
[1:25:34] unrecoverable
[1:25:36] system
[1:25:36] losses
[1:25:36] are not
[1:25:37] shifted
[1:25:37] to
[1:25:38] generation
[1:25:38] companies
[1:25:39] or
[1:25:39] embedded
[1:25:40] generators
[1:25:40] third
[1:25:42] on
[1:25:43] reforms
[1:25:43] to
[1:25:43] electricity
[1:25:44] subsidies
[1:25:44] and
[1:25:45] taxation
[1:25:45] with
[1:25:46] respect
[1:25:47] to
[1:25:47] Senate
[1:25:47] Bill
[1:25:48] number
[1:25:48] 2112
[1:25:49] PIPA
[1:25:50] agrees
[1:25:50] that
[1:25:51] greater
[1:25:51] government
[1:25:52] appropriations
[1:25:53] for
[1:25:53] lifeline
[1:25:53] subsidies
[1:25:54] is a
[1:25:55] positive
[1:25:55] step
[1:25:55] toward
[1:25:56] a
[1:25:56] more
[1:25:57] sustainable
[1:25:57] funding
[1:25:58] mechanism
[1:25:58] it
[1:26:00] also
[1:26:00] recommends
[1:26:01] conducting
[1:26:01] a
[1:26:02] comprehensive
[1:26:02] financial
[1:26:03] impact
[1:26:03] study
[1:26:04] to
[1:26:04] assess
[1:26:04] long
[1:26:05] term
[1:26:05] implications
[1:26:06] slide
[1:26:08] nine
[1:26:08] please
[1:26:08] on
[1:26:09] Senate
[1:26:09] resolution
[1:26:10] number
[1:26:10] 375
[1:26:11] PIPA
[1:26:12] agrees
[1:26:12] with
[1:26:12] the
[1:26:13] policy
[1:26:13] shift
[1:26:14] since
[1:26:14] moving
[1:26:15] the
[1:26:15] funding
[1:26:15] of
[1:26:15] social
[1:26:16] subsidies
[1:26:16] from
[1:26:17] consumer
[1:26:17] electricity
[1:26:18] bills
[1:26:18] to
[1:26:19] the
[1:26:19] national
[1:26:19] budget
[1:26:21] will
[1:26:22] accurately
[1:26:22] reflect
[1:26:23] generation
[1:26:24] costs
[1:26:24] or
[1:26:25] true
[1:26:25] cost
[1:26:25] of
[1:26:25] power
[1:26:26] generation
[1:26:26] and
[1:26:27] lower
[1:26:27] the
[1:26:27] direct
[1:26:28] rates
[1:26:28] consumers
[1:26:29] pay
[1:26:30] to
[1:26:30] the
[1:26:30] energy
[1:26:30] sector
[1:26:31] on
[1:26:32] Senate
[1:26:33] bill
[1:26:33] number
[1:26:33] 963
[1:26:35] or
[1:26:36] slide
[1:26:36] 10
[1:26:36] PIPA
[1:26:37] supports
[1:26:38] clear tax
[1:26:39] treatment
[1:26:40] for
[1:26:40] pass-through
[1:26:41] charges
[1:26:41] but
[1:26:42] recommends
[1:26:42] precise
[1:26:44] definitions
[1:26:45] and
[1:26:46] implementation
[1:26:46] guidelines
[1:26:47] to avoid
[1:26:48] disputes
[1:26:48] and
[1:26:48] compliance
[1:26:49] risks
[1:26:49] the
[1:26:51] last
[1:26:51] two
[1:26:52] year
[1:26:52] Madam
[1:26:53] Chair
[1:26:53] is on
[1:26:53] regulatory
[1:26:54] oversight
[1:26:54] and
[1:26:55] strategies
[1:26:56] against
[1:26:56] global
[1:26:57] energy
[1:26:57] pressures
[1:26:58] but I
[1:26:58] guess
[1:26:58] we can
[1:26:59] skim
[1:27:00] it over
[1:27:00] since
[1:27:01] we
[1:27:01] already
[1:27:01] submitted
[1:27:01] the
[1:27:02] presentation
[1:27:02] thank
[1:27:03] you
[1:27:03] Madam
[1:27:03] Chair
[1:27:04] that
[1:27:04] would
[1:27:04] be
[1:27:04] all
[1:27:04] for
[1:27:04] PIPA
[1:27:05] thank
[1:27:07] you
[1:27:07] for
[1:27:07] taking
[1:27:07] time
[1:27:08] to
[1:27:08] comment
[1:27:09] give
[1:27:09] us
[1:27:10] general
[1:27:10] comments
[1:27:10] on
[1:27:10] all
[1:27:10] of
[1:27:11] those
[1:27:11] so
[1:27:11] we
[1:27:11] can
[1:27:11] digest
[1:27:12] it
[1:27:12] and
[1:27:12] then
[1:27:12] dissect
[1:27:14] it
[1:27:14] at
[1:27:14] a
[1:27:14] later
[1:27:14] time
[1:27:15] at
[1:27:16] this
[1:27:16] point
[1:27:16] I'd
[1:27:17] like
[1:27:17] to
[1:27:17] call
[1:27:18] on
[1:27:19] Nea
[1:27:20] Attorney
[1:27:22] Rosanne
[1:27:23] Rosero
[1:27:23] you have
[1:27:24] the
[1:27:24] floor
[1:27:24] yes
[1:27:25] good
[1:27:25] afternoon
[1:27:25] Madam
[1:27:27] Chair
[1:27:27] let me
[1:27:28] go
[1:27:28] straight
[1:27:29] to
[1:27:29] the
[1:27:29] Senate
[1:27:30] bills
[1:27:30] where
[1:27:31] we
[1:27:32] have
[1:27:33] some
[1:27:34] comments
[1:27:34] although
[1:27:35] in
[1:27:35] general
[1:27:35] we
[1:27:36] are
[1:27:36] in
[1:27:37] support
[1:27:37] of
[1:27:37] all
[1:27:38] the
[1:27:38] Senate
[1:27:38] bills
[1:27:38] but
[1:27:39] let
[1:27:39] me
[1:27:39] just
[1:27:39] go
[1:27:39] through
[1:27:40] some
[1:27:40] of
[1:27:40] which
[1:27:41] we
[1:27:41] have
[1:27:41] specific
[1:27:41] comments
[1:27:42] general
[1:27:42] because
[1:27:43] now
[1:27:44] is
[1:27:44] not
[1:27:44] the
[1:27:44] time
[1:27:44] to
[1:27:45] dissect
[1:27:45] the
[1:27:46] focus
[1:27:46] is
[1:27:47] on
[1:27:47] the
[1:27:47] electricity
[1:27:47] bill
[1:27:48] itself
[1:27:48] so
[1:27:49] if
[1:27:49] you
[1:27:49] can
[1:27:51] highlight
[1:27:52] those
[1:27:52] items
[1:27:53] and
[1:27:53] general
[1:27:54] statements
[1:27:55] on
[1:27:56] VAT
[1:27:56] which
[1:27:57] is
[1:27:57] a
[1:27:58] major
[1:27:58] concern
[1:27:59] right
[1:27:59] now
[1:27:59] I
[1:28:00] will
[1:28:00] do
[1:28:00] that
[1:28:00] Madam
[1:28:01] Chair
[1:28:01] thank
[1:28:01] you
[1:28:01] now
[1:28:02] for
[1:28:02] Senate
[1:28:02] Bill
[1:28:03] number
[1:28:03] 61
[1:28:04] 266
[1:28:05] 496
[1:28:07] the
[1:28:08] national
[1:28:09] electrification
[1:28:09] you have to
[1:28:10] tell me
[1:28:10] what that
[1:28:10] is
[1:28:10] I
[1:28:11] don't
[1:28:11] I
[1:28:11] memorize
[1:28:12] that
[1:28:13] 61
[1:28:15] refers
[1:28:16] to
[1:28:16] the
[1:28:16] un-exempting
[1:28:18] electricity
[1:28:18] sales
[1:28:18] from
[1:28:19] value
[1:28:19] added
[1:28:19] tax
[1:28:20] this
[1:28:20] is
[1:28:21] the
[1:28:21] same
[1:28:21] with
[1:28:21] section
[1:28:22] 2
[1:28:22] Senate
[1:28:23] Bill
[1:28:23] 266
[1:28:25] you can
[1:28:27] just
[1:28:27] refer
[1:28:27] to
[1:28:27] the
[1:28:27] bills
[1:28:28] on
[1:28:28] VAT
[1:28:29] exemptions
[1:28:30] okay
[1:28:30] so
[1:28:35] these
[1:28:35] three
[1:28:36] bills
[1:28:36] that
[1:28:36] I
[1:28:36] mentioned
[1:28:36] refers
[1:28:37] to
[1:28:37] the
[1:28:38] VAT
[1:28:39] exemptions
[1:28:40] now
[1:28:41] the
[1:28:41] proposed
[1:28:41] exemption
[1:28:42] of
[1:28:42] electricity
[1:28:43] sales
[1:28:43] from
[1:28:44] VAT
[1:28:44] may
[1:28:44] result
[1:28:44] in
[1:28:44] lower
[1:28:45] electricity
[1:28:45] costs
[1:28:46] across
[1:28:46] consumer
[1:28:47] sectors
[1:28:47] including
[1:28:48] residential
[1:28:48] and
[1:28:49] industrial
[1:28:49] users
[1:28:50] based on
[1:28:51] sample rate
[1:28:51] analysis
[1:28:52] by an
[1:28:52] electric
[1:28:53] cooperative
[1:28:53] the
[1:28:54] removal
[1:28:54] of
[1:28:55] VAT
[1:28:55] may
[1:28:55] reduce
[1:28:56] electricity
[1:28:56] bills
[1:28:57] by
[1:28:58] approximately
[1:28:58] 9%
[1:28:59] to
[1:28:59] 10%
[1:29:00] depending
[1:29:00] on the
[1:29:01] applicable
[1:29:01] billing
[1:29:02] components
[1:29:02] this
[1:29:03] reduction
[1:29:04] may
[1:29:04] improve
[1:29:05] the
[1:29:05] affordability
[1:29:06] of
[1:29:06] electricity
[1:29:06] for
[1:29:07] households
[1:29:07] and
[1:29:08] may
[1:29:08] provide
[1:29:09] cost
[1:29:09] relief
[1:29:10] to
[1:29:10] commercial
[1:29:10] establishments
[1:29:11] and
[1:29:12] industrial
[1:29:12] users
[1:29:13] whose
[1:29:14] operations
[1:29:15] depend
[1:29:15] heavily
[1:29:16] on
[1:29:16] electricity
[1:29:17] but
[1:29:17] this
[1:29:18] is
[1:29:18] how
[1:29:18] this
[1:29:19] is
[1:29:20] now
[1:29:20] our
[1:29:20] proviso
[1:29:21] statement
[1:29:23] considering
[1:29:24] that
[1:29:24] we
[1:29:25] have
[1:29:25] gathered
[1:29:27] or required
[1:29:28] our
[1:29:28] electric
[1:29:29] cooperatives
[1:29:30] to comment
[1:29:30] on this
[1:29:31] bill
[1:29:31] before
[1:29:32] we have
[1:29:32] submitted
[1:29:33] just for
[1:29:33] the record
[1:29:34] Madam Chair
[1:29:34] we have
[1:29:35] already
[1:29:35] submitted
[1:29:36] soft
[1:29:37] copy
[1:29:37] of
[1:29:37] this
[1:29:37] comment
[1:29:38] to
[1:29:39] the
[1:29:39] secretariat
[1:29:40] however
[1:29:41] Naya
[1:29:42] echoes
[1:29:43] the
[1:29:43] common
[1:29:43] sentiments
[1:29:44] of
[1:29:44] ECS
[1:29:45] that
[1:29:45] under
[1:29:46] the
[1:29:46] current
[1:29:46] VAT
[1:29:47] system
[1:29:47] electric
[1:29:48] cooperatives
[1:29:49] are able
[1:29:50] to
[1:29:50] offset
[1:29:50] input
[1:29:51] VAT
[1:29:51] from
[1:29:52] operational
[1:29:52] purchases
[1:29:53] against
[1:29:54] output
[1:29:55] VAT
[1:29:55] collected
[1:29:56] from
[1:29:56] electricity
[1:29:56] sales
[1:29:57] in
[1:29:58] the
[1:29:58] event
[1:29:59] that
[1:29:59] electricity
[1:29:59] sales
[1:30:00] become
[1:30:01] VAT
[1:30:01] exempt
[1:30:02] the
[1:30:02] ECS
[1:30:03] will
[1:30:03] no
[1:30:03] longer
[1:30:03] generate
[1:30:04] output
[1:30:05] VAT
[1:30:05] against
[1:30:05] which
[1:30:06] input
[1:30:06] VAT
[1:30:06] may
[1:30:07] be
[1:30:07] credited
[1:30:07] I
[1:30:08] would
[1:30:10] assume
[1:30:11] as
[1:30:12] the
[1:30:12] sentiment
[1:30:13] of
[1:30:14] the
[1:30:14] COPS
[1:30:14] I
[1:30:15] guess
[1:30:15] complements
[1:30:16] the
[1:30:16] presentation
[1:30:18] of
[1:30:18] USIC
[1:30:18] Adriano
[1:30:20] of
[1:30:21] the
[1:30:21] DOF
[1:30:21] while
[1:30:22] the
[1:30:23] generation
[1:30:23] and
[1:30:24] transmission
[1:30:24] charges
[1:30:25] may
[1:30:25] likewise
[1:30:25] become
[1:30:26] VAT
[1:30:26] exempt
[1:30:27] under
[1:30:27] the
[1:30:28] proposed
[1:30:28] measure
[1:30:29] the
[1:30:29] ECS
[1:30:29] will
[1:30:29] continue
[1:30:30] to
[1:30:30] incur
[1:30:30] input
[1:30:31] VAT
[1:30:31] on
[1:30:31] distribution
[1:30:32] related
[1:30:32] purchases
[1:30:33] operating
[1:30:34] expenses
[1:30:34] materials
[1:30:35] and
[1:30:36] maintenance
[1:30:36] services
[1:30:37] necessary
[1:30:37] for the
[1:30:38] operation
[1:30:38] and upkeep
[1:30:39] of the
[1:30:39] distribution
[1:30:40] system
[1:30:40] in the
[1:30:41] absence
[1:30:42] of
[1:30:42] output
[1:30:42] VAT
[1:30:43] these
[1:30:43] input
[1:30:44] VAT
[1:30:44] amounts
[1:30:45] may no
[1:30:45] longer
[1:30:45] be
[1:30:46] creditable
[1:30:46] and may
[1:30:47] have
[1:30:47] implications
[1:30:47] on its
[1:30:49] working capital
[1:30:50] requirements
[1:30:50] and financial
[1:30:51] management
[1:30:53] the
[1:30:53] proposed
[1:30:54] VAT
[1:30:54] exemption
[1:30:55] on
[1:30:55] electricity
[1:30:55] sales
[1:30:56] presents
[1:30:57] significant
[1:30:57] potential
[1:30:58] benefits
[1:30:58] for
[1:30:59] residential
[1:30:59] consumers
[1:31:00] and
[1:31:00] rural
[1:31:01] economic
[1:31:01] development
[1:31:02] particularly
[1:31:02] within
[1:31:03] electric
[1:31:04] cooperative
[1:31:04] service
[1:31:05] areas
[1:31:05] however
[1:31:06] careful
[1:31:07] design
[1:31:07] is
[1:31:08] necessary
[1:31:08] to
[1:31:09] address
[1:31:09] possible
[1:31:09] unintended
[1:31:10] consequences
[1:31:11] to
[1:31:12] mitigate
[1:31:12] risk
[1:31:13] it is
[1:31:14] respectfully
[1:31:14] submitted
[1:31:15] to consider
[1:31:16] allowing
[1:31:16] input
[1:31:17] recovery
[1:31:17] mechanisms
[1:31:18] for
[1:31:19] electric
[1:31:19] cooperatives
[1:31:20] or
[1:31:21] implement
[1:31:21] transitional
[1:31:22] tax
[1:31:22] policies
[1:31:23] for
[1:31:23] VAT
[1:31:24] registered
[1:31:25] taxpayers
[1:31:26] now for
[1:31:27] Senate
[1:31:30] Bill
[1:31:31] numbers
[1:31:33] 183
[1:31:34] 1237
[1:31:35] and
[1:31:36] 495
[1:31:37] which
[1:31:37] refers
[1:31:38] to
[1:31:38] institutionalizing
[1:31:40] the rules
[1:31:41] on system
[1:31:41] loss
[1:31:42] cap
[1:31:42] electric
[1:31:43] distribution
[1:31:43] utilities
[1:31:44] Senate
[1:31:46] Bill
[1:31:46] 495
[1:31:47] we are
[1:31:49] in support
[1:31:49] of said
[1:31:50] legislation
[1:31:51] measure
[1:31:52] which
[1:31:52] is
[1:31:53] a
[1:31:53] complement
[1:31:54] to
[1:31:54] Senate
[1:31:54] Bill
[1:31:55] number
[1:31:55] 10
[1:31:55] A3
[1:31:56] and
[1:31:57] 1237
[1:31:58] or
[1:32:00] Senate
[1:32:02] Bill
[1:32:03] 1470
[1:32:05] which
[1:32:05] is
[1:32:06] abolishing
[1:32:07] the
[1:32:07] collection
[1:32:08] of
[1:32:08] bill
[1:32:08] deposits
[1:32:09] by
[1:32:09] distribution
[1:32:10] utilities
[1:32:11] this
[1:32:12] might
[1:32:12] come
[1:32:12] a
[1:32:12] little
[1:32:13] bit
[1:32:13] complicated
[1:32:15] or
[1:32:16] might
[1:32:16] put
[1:32:17] some
[1:32:18] controversy
[1:32:20] but
[1:32:21] we
[1:32:21] are
[1:32:21] echoing
[1:32:22] the
[1:32:23] sentiment
[1:32:24] of
[1:32:25] the
[1:32:25] electric
[1:32:25] cooperatives
[1:32:26] on
[1:32:27] this
[1:32:27] comment
[1:32:28] the
[1:32:28] amendment
[1:32:29] of
[1:32:29] the
[1:32:29] bank
[1:32:29] na
[1:32:29] carta
[1:32:30] for
[1:32:30] residential
[1:32:30] consumers
[1:32:31] and
[1:32:31] the
[1:32:32] abolition
[1:32:32] of
[1:32:32] collection
[1:32:33] of
[1:32:33] bill
[1:32:33] deposits
[1:32:34] by
[1:32:34] distribution
[1:32:34] utilities
[1:32:35] will be
[1:32:36] a
[1:32:36] welcome
[1:32:36] reprieve
[1:32:37] from
[1:32:37] additional
[1:32:38] financial
[1:32:38] burden
[1:32:39] for
[1:32:39] electricity
[1:32:40] consumers
[1:32:40] in the
[1:32:41] long
[1:32:41] run
[1:32:41] likewise
[1:32:42] the
[1:32:42] proposed
[1:32:43] audit
[1:32:43] and
[1:32:43] refund
[1:32:44] of
[1:32:44] existing
[1:32:44] bill
[1:32:45] deposits
[1:32:45] will
[1:32:46] shed
[1:32:46] light
[1:32:46] to
[1:32:46] whether
[1:32:47] the
[1:32:47] collected
[1:32:47] bill
[1:32:47] deposits
[1:32:48] are
[1:32:48] used
[1:32:48] by
[1:32:49] deus
[1:32:49] for
[1:32:50] other
[1:32:50] purposes
[1:32:51] and
[1:32:51] or
[1:32:51] whether
[1:32:51] these
[1:32:52] are
[1:32:52] actually
[1:32:52] retained
[1:32:53] in a
[1:32:53] restricted
[1:32:54] account
[1:32:54] for
[1:32:54] eventual
[1:32:55] refund
[1:32:55] to
[1:32:56] eligible
[1:32:56] customers
[1:32:57] this
[1:32:58] measure
[1:32:58] will
[1:32:58] protect
[1:32:59] consumers
[1:32:59] from
[1:33:00] imposition
[1:33:00] of
[1:33:00] unnecessary
[1:33:01] charges
[1:33:02] as well
[1:33:03] as
[1:33:03] show
[1:33:03] transparency
[1:33:04] on
[1:33:04] the
[1:33:05] utilization
[1:33:05] of
[1:33:06] funds
[1:33:06] collected
[1:33:07] from
[1:33:07] electricity
[1:33:07] consumers
[1:33:08] however
[1:33:09] NAYA
[1:33:11] gives
[1:33:12] its
[1:33:12] specific
[1:33:12] comments
[1:33:14] in
[1:33:14] section
[1:33:14] 4
[1:33:15] of
[1:33:15] said
[1:33:15] Senate
[1:33:15] bill
[1:33:16] on
[1:33:17] the
[1:33:17] prohibition
[1:33:17] against
[1:33:18] the
[1:33:18] collection
[1:33:18] of
[1:33:19] the
[1:33:19] bill
[1:33:19] deposits
[1:33:20] while
[1:33:20] the
[1:33:20] prohibition
[1:33:21] against
[1:33:22] bill
[1:33:22] deposit
[1:33:23] aims
[1:33:23] to
[1:33:23] reduce
[1:33:24] upfront
[1:33:24] cost
[1:33:25] to
[1:33:25] consumers
[1:33:25] bill
[1:33:26] deposits
[1:33:26] presently
[1:33:27] serve
[1:33:27] as
[1:33:27] recognized
[1:33:28] risk
[1:33:28] mitigation
[1:33:29] mechanism
[1:33:30] under
[1:33:30] existing
[1:33:31] ERC
[1:33:32] regulations
[1:33:33] for
[1:33:33] ECS
[1:33:34] bill
[1:33:35] deposits
[1:33:35] help
[1:33:36] address
[1:33:36] collection
[1:33:37] risk
[1:33:38] arising
[1:33:38] from
[1:33:39] unpaid
[1:33:39] accounts
[1:33:40] transient
[1:33:40] or
[1:33:41] high
[1:33:41] risk
[1:33:41] consumers
[1:33:42] reconnection
[1:33:43] after
[1:33:44] disconnection
[1:33:45] due
[1:33:45] to
[1:33:45] non
[1:33:45] payment
[1:33:46] and
[1:33:46] operational
[1:33:47] cash
[1:33:47] flow
[1:33:48] requirements
[1:33:48] necessary
[1:33:49] for
[1:33:49] power
[1:33:50] purchases
[1:33:50] and
[1:33:51] system
[1:33:51] maintenance
[1:33:52] it
[1:33:53] is
[1:33:54] the
[1:33:54] position
[1:33:54] or
[1:33:55] the
[1:33:55] sentiment
[1:33:55] of
[1:33:56] the
[1:33:56] electric
[1:33:57] cooperatives
[1:33:57] that we
[1:33:58] re-echo
[1:33:58] to
[1:33:59] this
[1:33:59] committee
[1:34:00] that
[1:34:01] the
[1:34:01] outright
[1:34:02] abolition
[1:34:02] of
[1:34:03] bill
[1:34:03] deposits
[1:34:03] may
[1:34:04] expose
[1:34:04] ECS
[1:34:05] to
[1:34:05] higher
[1:34:05] system
[1:34:06] loss
[1:34:06] from
[1:34:06] unpaid
[1:34:07] receivables
[1:34:07] and may
[1:34:08] adversely
[1:34:09] affect
[1:34:09] their
[1:34:10] capacity
[1:34:10] to meet
[1:34:11] obligations
[1:34:12] to
[1:34:12] power
[1:34:12] suppliers
[1:34:13] lenders
[1:34:14] and
[1:34:14] contractors
[1:34:15] to
[1:34:15] these
[1:34:16] it
[1:34:17] is
[1:34:17] suggested
[1:34:18] that
[1:34:19] the
[1:34:19] committee
[1:34:19] or
[1:34:20] the
[1:34:20] congress
[1:34:20] may
[1:34:21] consider
[1:34:21] limiting
[1:34:22] bill
[1:34:22] deposits
[1:34:23] only to
[1:34:24] high
[1:34:24] risk
[1:34:25] or
[1:34:25] delinquent
[1:34:25] accounts
[1:34:26] capping
[1:34:27] the
[1:34:28] amount
[1:34:28] collectible
[1:34:30] allowing
[1:34:31] installment
[1:34:31] payment
[1:34:32] arrangements
[1:34:32] for
[1:34:33] deposits
[1:34:33] or
[1:34:33] exempting
[1:34:34] low
[1:34:34] income
[1:34:35] or
[1:34:35] lifeline
[1:34:36] consumers
[1:34:36] on the
[1:34:38] mandatory
[1:34:38] refund
[1:34:39] of
[1:34:39] existing
[1:34:39] bill
[1:34:39] deposits
[1:34:40] as
[1:34:41] provided
[1:34:42] in
[1:34:42] section
[1:34:42] five
[1:34:43] of
[1:34:43] said
[1:34:43] legislative
[1:34:44] measure
[1:34:44] the
[1:34:45] mandatory
[1:34:45] refund
[1:34:46] of
[1:34:46] all
[1:34:47] bill
[1:34:47] deposits
[1:34:48] within
[1:34:48] a
[1:34:48] fixed
[1:34:48] period
[1:34:49] may
[1:34:49] impose
[1:34:49] substantial
[1:34:50] financial
[1:34:51] strain
[1:34:52] on
[1:34:52] eases
[1:34:52] particularly
[1:34:53] those
[1:34:53] with
[1:34:54] limited
[1:34:55] liquidity
[1:34:57] on
[1:34:59] senate
[1:35:00] bill
[1:35:01] let me
[1:35:01] let me
[1:35:02] let me
[1:35:02] let me
[1:35:02] attorney
[1:35:02] rosanna
[1:35:03] in the
[1:35:03] interest
[1:35:03] of
[1:35:03] time
[1:35:04] i need
[1:35:04] you to
[1:35:05] focus
[1:35:05] lang
[1:35:05] on
[1:35:06] yung
[1:35:07] electricity
[1:35:07] bill
[1:35:08] directly
[1:35:08] all of
[1:35:09] your
[1:35:09] comments
[1:35:10] are
[1:35:10] very
[1:35:10] well
[1:35:11] taken
[1:35:12] we
[1:35:12] need
[1:35:12] it
[1:35:13] but
[1:35:13] to
[1:35:14] manage
[1:35:14] the
[1:35:15] timeline
[1:35:15] that
[1:35:15] we
[1:35:15] have
[1:35:15] today
[1:35:16] i
[1:35:17] just
[1:35:17] like
[1:35:17] to
[1:35:17] have
[1:35:18] input
[1:35:18] on
[1:35:18] what
[1:35:19] directly
[1:35:20] contributes
[1:35:20] to
[1:35:21] the
[1:35:21] high
[1:35:21] electricity
[1:35:22] bill
[1:35:22] so
[1:35:22] like
[1:35:22] the
[1:35:23] VAT
[1:35:23] the
[1:35:23] other
[1:35:24] charges
[1:35:24] I
[1:35:26] took
[1:35:26] note
[1:35:27] of
[1:35:27] it
[1:35:27] now
[1:35:27] but
[1:35:27] I
[1:35:28] can't
[1:35:28] dissect
[1:35:29] the
[1:35:29] 14
[1:35:30] bills
[1:35:30] today
[1:35:31] is there
[1:35:33] anything
[1:35:33] else
[1:35:34] on
[1:35:34] the
[1:35:35] electricity
[1:35:35] bill
[1:35:36] anyway
[1:35:36] Madam
[1:35:37] Chair
[1:35:37] we've
[1:35:38] discussed
[1:35:39] in our
[1:35:39] comment
[1:35:41] position
[1:35:42] paper
[1:35:42] one by
[1:35:43] one
[1:35:43] the
[1:35:43] bill
[1:35:44] so
[1:35:44] probably
[1:35:45] it
[1:35:46] would
[1:35:46] be
[1:35:46] better
[1:35:46] if
[1:35:47] you
[1:35:47] submitted
[1:35:49] it
[1:35:49] today
[1:35:49] so
[1:35:49] I
[1:35:50] actually
[1:35:50] do
[1:35:50] not
[1:35:50] have
[1:35:50] a
[1:35:50] copy
[1:35:51] because
[1:35:51] the
[1:35:51] copies
[1:35:52] that
[1:35:52] I
[1:35:52] have
[1:35:52] were
[1:35:53] submitted
[1:35:53] earlier
[1:35:54] we
[1:35:54] submitted
[1:35:54] it
[1:35:55] a
[1:35:55] day
[1:35:55] before
[1:35:56] the
[1:35:56] initial
[1:35:57] hearing
[1:35:57] that
[1:35:57] was
[1:35:57] scheduled
[1:35:58] I
[1:35:58] don't
[1:35:58] know
[1:35:59] why
[1:35:59] I
[1:35:59] don't
[1:35:59] have
[1:35:59] a
[1:35:59] copy
[1:36:00] no
[1:36:00] so
[1:36:02] I
[1:36:02] don't
[1:36:02] know
[1:36:02] what
[1:36:02] happened
[1:36:02] anyway
[1:36:03] just
[1:36:03] check
[1:36:03] I'm
[1:36:03] just
[1:36:04] saying
[1:36:04] I
[1:36:04] can't
[1:36:05] react
[1:36:05] until
[1:36:06] I
[1:36:06] see it
[1:36:06] thank you
[1:36:07] so
[1:36:07] much
[1:36:07] thank
[1:36:07] you
[1:36:08] and
[1:36:08] obviously
[1:36:09] you took
[1:36:09] a lot
[1:36:09] of
[1:36:10] time
[1:36:10] putting
[1:36:10] it
[1:36:11] together
[1:36:11] and
[1:36:11] it
[1:36:11] is
[1:36:11] much
[1:36:11] appreciated
[1:36:12] thank
[1:36:12] you
[1:36:13] we
[1:36:13] we
[1:36:13] will
[1:36:13] just
[1:36:13] the
[1:36:13] same
[1:36:14] yes
[1:36:14] thank
[1:36:14] you
[1:36:15] give
[1:36:16] the
[1:36:16] secretariat
[1:36:17] or the
[1:36:17] concept
[1:36:17] copy
[1:36:18] so
[1:36:18] let
[1:36:19] me
[1:36:19] call
[1:36:19] now
[1:36:20] on
[1:36:20] National
[1:36:20] Grid
[1:36:21] Corporation
[1:36:22] that
[1:36:23] is
[1:36:23] Attorney
[1:36:24] Pia
[1:36:25] Zobel
[1:36:25] San Diego
[1:36:26] Deputy
[1:36:26] General
[1:36:27] Council
[1:36:27] and
[1:36:27] then
[1:36:27] after
[1:36:28] that
[1:36:28] please
[1:36:29] be
[1:36:29] ready
[1:36:29] DSWD
[1:36:30] Good
[1:36:33] afternoon
[1:36:34] Honorable
[1:36:35] Madam Chair
[1:36:36] Senator
[1:36:37] Pia
[1:36:37] Quintano
[1:36:37] and
[1:36:38] distinguished
[1:36:38] participants
[1:36:38] NGCP
[1:36:41] has already
[1:36:42] submitted
[1:36:42] its
[1:36:42] comment
[1:36:43] inputs
[1:36:43] and
[1:36:44] the
[1:36:44] data
[1:36:44] that
[1:36:45] the
[1:36:45] committee
[1:36:45] have
[1:36:45] requested
[1:36:46] prior
[1:36:46] to
[1:36:46] the
[1:36:47] P-12
[1:36:47] hearing
[1:36:48] in
[1:36:49] summary
[1:36:50] specifically
[1:36:51] for the
[1:36:52] VAT
[1:36:52] removal
[1:36:53] on
[1:36:53] electricity
[1:36:53] NGCP
[1:36:55] supports
[1:36:55] the
[1:36:55] government
[1:36:56] objective
[1:36:56] of lowering
[1:36:57] electricity
[1:36:57] costs
[1:36:58] and
[1:36:58] providing
[1:36:58] relief
[1:36:59] to
[1:36:59] Filipino
[1:36:59] customers
[1:37:00] we
[1:37:01] recognize
[1:37:01] the
[1:37:02] importance
[1:37:02] of
[1:37:02] this
[1:37:03] measure
[1:37:03] that
[1:37:03] will
[1:37:03] help
[1:37:03] make
[1:37:04] electricity
[1:37:04] more
[1:37:05] affordable
[1:37:05] we
[1:37:07] respectfully
[1:37:07] clarify
[1:37:08] that
[1:37:08] the
[1:37:08] VAT
[1:37:08] included
[1:37:09] in
[1:37:09] the
[1:37:09] transmission
[1:37:10] services
[1:37:10] and
[1:37:11] other
[1:37:11] pass-on
[1:37:12] charges
[1:37:12] are
[1:37:13] all
[1:37:13] mandated
[1:37:14] by
[1:37:14] existing
[1:37:14] tax
[1:37:15] laws
[1:37:15] and
[1:37:15] regulatory
[1:37:16] issuances
[1:37:17] NGCP
[1:37:18] merely
[1:37:18] collects
[1:37:18] and
[1:37:19] remits
[1:37:19] the
[1:37:20] VAT
[1:37:20] it
[1:37:20] collected
[1:37:21] from
[1:37:21] its
[1:37:21] customers
[1:37:22] for
[1:37:23] transmission
[1:37:23] services
[1:37:24] the
[1:37:25] VAT
[1:37:25] exemption
[1:37:25] will
[1:37:26] mean
[1:37:26] we
[1:37:26] are
[1:37:27] reverted
[1:37:27] to
[1:37:27] the
[1:37:27] practice
[1:37:28] of
[1:37:28] the
[1:37:28] pre-tain
[1:37:29] law
[1:37:29] which
[1:37:30] imposes
[1:37:31] VAT
[1:37:31] on
[1:37:31] transmission
[1:37:32] services
[1:37:32] with
[1:37:34] this
[1:37:34] since
[1:37:35] NGCP
[1:37:35] is a
[1:37:36] highly
[1:37:36] regulated
[1:37:37] entity
[1:37:38] any
[1:37:40] changes
[1:37:41] in the
[1:37:41] tax
[1:37:41] treatment
[1:37:42] of
[1:37:42] electricity
[1:37:43] specifically
[1:37:44] of the
[1:37:44] transmission
[1:37:44] services
[1:37:45] may
[1:37:46] also
[1:37:46] involve
[1:37:47] some
[1:37:47] regulatory
[1:37:47] matter
[1:37:48] thus
[1:37:48] we
[1:37:49] respectfully
[1:37:49] request
[1:37:50] ERC
[1:37:51] to
[1:37:52] issue
[1:37:52] to
[1:37:53] issue
[1:37:55] to
[1:37:56] recognize
[1:37:56] the
[1:37:56] input
[1:37:57] VAT
[1:37:57] to
[1:37:57] be
[1:37:58] recovered
[1:37:58] in
[1:37:58] the
[1:37:58] cost
[1:37:59] of
[1:37:59] our
[1:37:59] purchases
[1:37:59] lastly
[1:38:01] NGCP
[1:38:01] remains
[1:38:02] committed
[1:38:02] with
[1:38:03] working
[1:38:03] with
[1:38:03] the
[1:38:03] Congress
[1:38:04] and
[1:38:04] all
[1:38:05] stakeholders
[1:38:05] in
[1:38:06] pursuing
[1:38:06] a
[1:38:06] balanced
[1:38:07] solutions
[1:38:07] that
[1:38:08] protect
[1:38:08] consumers
[1:38:09] while
[1:38:09] ensuring
[1:38:09] continuous
[1:38:10] reliable
[1:38:10] and
[1:38:11] secure
[1:38:11] transmission
[1:38:12] services
[1:38:13] for the
[1:38:13] Filipino
[1:38:13] people
[1:38:14] thank
[1:38:15] you
[1:38:15] thank
[1:38:18] you
[1:38:18] I
[1:38:18] appreciate
[1:38:18] your
[1:38:19] keeping
[1:38:19] it
[1:38:19] brief
[1:38:20] but
[1:38:20] we
[1:38:20] will
[1:38:21] dissect
[1:38:21] this
[1:38:22] further
[1:38:22] thank
[1:38:22] you
[1:38:23] let's
[1:38:23] now
[1:38:24] go
[1:38:24] to
[1:38:24] the
[1:38:24] SWD
[1:38:26] Yusek
[1:38:27] Dimaporro
[1:38:27] representing
[1:38:29] the
[1:38:29] legislative
[1:38:29] and
[1:38:30] intergovernmental
[1:38:31] affairs
[1:38:31] of the
[1:38:32] SWD
[1:38:32] you have
[1:38:32] the floor
[1:38:33] thank
[1:38:37] you Madam
[1:38:37] Chair
[1:38:37] the
[1:38:38] Department
[1:38:38] of
[1:38:38] Social
[1:38:39] Welfare
[1:38:39] and
[1:38:39] Development
[1:38:40] will
[1:38:40] respond
[1:38:40] to
[1:38:40] the
[1:38:41] concerns
[1:38:41] of
[1:38:41] the
[1:38:41] Expanded
[1:38:42] Lifeline
[1:38:42] Rate
[1:38:43] Program
[1:38:43] or
[1:38:44] ELRP
[1:38:44] as it
[1:38:45] relates
[1:38:45] to the
[1:38:46] power
[1:38:46] bill
[1:38:46] shock
[1:38:47] public
[1:38:47] discussions
[1:38:48] have
[1:38:49] pointed
[1:38:51] funding
[1:38:51] as a
[1:38:52] source
[1:38:52] of
[1:38:52] the
[1:38:52] upward
[1:38:53] price
[1:38:53] pressure
[1:38:54] to
[1:38:54] ensure
[1:38:55] that
[1:38:55] future
[1:38:56] policy
[1:38:56] updates
[1:38:56] remain
[1:38:57] balanced
[1:38:57] and
[1:38:57] effective
[1:38:58] the
[1:38:58] DSWD
[1:38:59] together
[1:38:59] with
[1:38:59] the
[1:39:00] DOE
[1:39:00] and
[1:39:01] ERC
[1:39:01] consolidated
[1:39:02] recent
[1:39:02] energy
[1:39:03] and
[1:39:03] registration
[1:39:04] data
[1:39:05] to
[1:39:05] provide
[1:39:06] a
[1:39:06] clear
[1:39:06] and
[1:39:06] empirical
[1:39:07] picture
[1:39:07] of
[1:39:08] the
[1:39:08] program
[1:39:08] actual
[1:39:09] fiscal
[1:39:09] footprint
[1:39:10] I'll
[1:39:11] provide
[1:39:11] the
[1:39:11] details
[1:39:11] to
[1:39:12] the
[1:39:12] committee
[1:39:12] secretariat
[1:39:13] but
[1:39:14] really
[1:39:15] go
[1:39:15] briefly
[1:39:15] run
[1:39:16] it
[1:39:17] briefly
[1:39:17] in
[1:39:17] three
[1:39:17] premises
[1:39:18] so
[1:39:19] firstly
[1:39:19] for
[1:39:19] example
[1:39:19] on
[1:39:20] the
[1:39:20] large
[1:39:20] Meralco
[1:39:21] bill
[1:39:21] of
[1:39:22] over
[1:39:22] 9,200
[1:39:23] the
[1:39:24] lifeline
[1:39:25] subsidy
[1:39:26] costs
[1:39:26] you
[1:39:26] exactly
[1:39:28] only
[1:39:28] 5.96
[1:39:30] pesos
[1:39:31] just
[1:39:32] 0.06
[1:39:33] percent
[1:39:34] of the
[1:39:34] bill
[1:39:34] nationwide
[1:39:35] it costs
[1:39:36] the average
[1:39:36] household
[1:39:37] only
[1:39:38] 40 centavos
[1:39:39] a month
[1:39:39] or
[1:39:40] around
[1:39:41] 59
[1:39:42] for
[1:39:42] Meralco
[1:39:43] consumers
[1:39:43] only
[1:39:45] only
[1:39:45] only
[1:39:45] only
[1:39:45] only
[1:39:46] 0.66
[1:39:46] percent
[1:39:47] of
[1:39:47] all
[1:39:47] electricity
[1:39:48] users
[1:39:49] in the
[1:39:49] Philippines
[1:39:50] actually
[1:39:50] receive
[1:39:51] this
[1:39:51] discount
[1:39:51] and
[1:39:52] they
[1:39:52] use
[1:39:52] a
[1:39:53] microscopic
[1:39:53] 0.04
[1:39:55] percent
[1:39:56] of the
[1:39:56] country's
[1:39:56] total
[1:39:57] power
[1:39:57] and
[1:39:58] when
[1:39:58] typical
[1:39:58] bills
[1:39:59] jumped
[1:39:59] by
[1:40:00] nearly
[1:40:00] 4,000
[1:40:01] pesos
[1:40:02] between
[1:40:03] February
[1:40:03] and April
[1:40:04] the
[1:40:05] lifeline
[1:40:05] charge
[1:40:06] was
[1:40:06] responsible
[1:40:06] for
[1:40:07] just
[1:40:07] 5
[1:40:08] pesos
[1:40:08] and
[1:40:08] 65
[1:40:10] cents
[1:40:10] of that
[1:40:11] massive
[1:40:11] increase
[1:40:12] we got
[1:40:13] these
[1:40:13] numbers
[1:40:14] from
[1:40:14] the
[1:40:14] ERC
[1:40:14] so
[1:40:15] we
[1:40:16] will
[1:40:16] be
[1:40:16] complementing
[1:40:17] their
[1:40:17] position
[1:40:17] paper
[1:40:18] as
[1:40:18] well
[1:40:18] from
[1:40:19] the
[1:40:19] social
[1:40:20] perspective
[1:40:20] the
[1:40:21] lifeline
[1:40:22] subsidy
[1:40:23] works
[1:40:23] hand
[1:40:24] in
[1:40:24] hand
[1:40:24] with
[1:40:25] the
[1:40:25] Pantawid
[1:40:25] Pamilyang
[1:40:26] Pilipino
[1:40:26] program
[1:40:26] or the
[1:40:27] 4Ps
[1:40:27] to serve
[1:40:28] as a
[1:40:29] vital
[1:40:29] social
[1:40:30] investment
[1:40:30] the
[1:40:31] SWD
[1:40:31] registration
[1:40:32] records
[1:40:33] show
[1:40:34] 369,639
[1:40:38] certified
[1:40:39] 4Ps
[1:40:40] end
[1:40:40] users
[1:40:41] as of
[1:40:41] April
[1:40:41] 30
[1:40:42] so
[1:40:42] this
[1:40:42] is
[1:40:43] against
[1:40:43] around
[1:40:45] 3
[1:40:45] million
[1:40:45] households
[1:40:48] as of
[1:40:49] April
[1:40:50] 30
[1:40:50] by
[1:40:51] keeping
[1:40:51] energy
[1:40:51] accessible
[1:40:52] for
[1:40:52] the
[1:40:52] marginalized
[1:40:53] households
[1:40:54] the
[1:40:54] program
[1:40:55] ensures
[1:40:55] that
[1:40:55] low
[1:40:55] income
[1:40:56] families
[1:40:56] can
[1:40:56] preserve
[1:40:57] their
[1:40:57] conditional
[1:40:58] cash
[1:40:58] grants
[1:40:58] for
[1:40:59] the
[1:40:59] families
[1:41:00] health
[1:41:00] care
[1:41:00] and
[1:41:01] education
[1:41:01] protecting
[1:41:02] human
[1:41:02] capital
[1:41:02] development
[1:41:03] and
[1:41:03] supporting
[1:41:03] long-term
[1:41:04] sufficiency
[1:41:04] I'll go
[1:41:05] down to
[1:41:06] the bottom
[1:41:06] line
[1:41:06] the bottom
[1:41:07] line
[1:41:07] is that
[1:41:08] the
[1:41:08] lifeline
[1:41:08] subsidy
[1:41:09] is not
[1:41:09] the
[1:41:09] reason
[1:41:10] for
[1:41:10] the
[1:41:10] electric
[1:41:11] bill
[1:41:12] high
[1:41:13] cost
[1:41:13] suspending
[1:41:14] or weakening
[1:41:15] the
[1:41:15] lifeline
[1:41:16] mechanism
[1:41:16] will yield
[1:41:17] zero
[1:41:17] noticeable
[1:41:18] relief
[1:41:19] to paying
[1:41:19] customers
[1:41:20] but it
[1:41:21] will
[1:41:21] immediately
[1:41:21] disconnect
[1:41:22] hundreds of
[1:41:23] thousands
[1:41:23] of low-income
[1:41:24] families
[1:41:25] from essential
[1:41:26] power
[1:41:26] infrastructure
[1:41:27] now
[1:41:28] whether we
[1:41:29] keep to
[1:41:29] the
[1:41:29] legal
[1:41:29] design
[1:41:30] of
[1:41:30] IPRA
[1:41:31] or
[1:41:31] as
[1:41:31] people
[1:41:32] suggested
[1:41:32] to charge
[1:41:33] this to
[1:41:33] the
[1:41:34] national
[1:41:34] government
[1:41:34] we support
[1:41:35] this
[1:41:36] at the
[1:41:36] end
[1:41:36] of the
[1:41:37] day
[1:41:37] we want
[1:41:37] to
[1:41:37] ensure
[1:41:38] that
[1:41:38] the
[1:41:38] poorest
[1:41:39] households
[1:41:39] continue
[1:41:39] to access
[1:41:40] electricity
[1:41:41] at affordable
[1:41:42] rates
[1:41:42] thank you
[1:41:43] madam
[1:41:43] chair
[1:41:43] just a
[1:41:44] quick
[1:41:44] question
[1:41:45] to
[1:41:45] make
[1:41:47] sure
[1:41:47] I
[1:41:47] heard
[1:41:48] you
[1:41:48] right
[1:41:48] so
[1:41:49] you're
[1:41:50] saying
[1:41:50] the
[1:41:50] lifeline
[1:41:51] subsidies
[1:41:52] effect
[1:41:53] on the
[1:41:53] electricity
[1:41:54] bill
[1:41:54] is
[1:41:55] five
[1:41:55] pesos
[1:41:55] yeah
[1:41:56] it's
[1:41:56] minimal
[1:41:57] it's
[1:41:57] only
[1:41:57] I
[1:41:58] think
[1:41:58] 0.1%
[1:42:01] of the
[1:42:01] whole
[1:42:02] calculations
[1:42:03] of the
[1:42:04] ERC
[1:42:05] we'll
[1:42:05] provide
[1:42:06] the
[1:42:06] detailed
[1:42:07] calculations
[1:42:07] to the
[1:42:08] committee
[1:42:08] secretary
[1:42:09] madam
[1:42:09] chair
[1:42:09] because
[1:42:10] again
[1:42:10] there's
[1:42:11] a lot
[1:42:11] of
[1:42:12] mandated
[1:42:13] costs
[1:42:14] so we
[1:42:16] want to
[1:42:17] really know
[1:42:17] and be
[1:42:18] transparent
[1:42:18] with the
[1:42:19] Filipinos
[1:42:19] as to
[1:42:22] whatever
[1:42:23] is being
[1:42:24] charged
[1:42:24] to them
[1:42:24] how much
[1:42:25] that is
[1:42:25] and what
[1:42:26] exactly
[1:42:27] they are
[1:42:27] so that
[1:42:28] I appreciate
[1:42:29] that you
[1:42:29] pointed that
[1:42:30] out
[1:42:30] that it's
[1:42:30] five
[1:42:31] percent
[1:42:32] and
[1:42:32] five
[1:42:33] pesos
[1:42:33] sorry
[1:42:33] five
[1:42:34] pesos
[1:42:34] yes
[1:42:34] yes
[1:42:35] I did
[1:42:35] say
[1:42:35] five
[1:42:35] pesos
[1:42:36] 5
[1:42:37] percent
[1:42:37] five
[1:42:37] pesos
[1:42:38] ang
[1:42:38] kargado
[1:42:39] ng
[1:42:39] lifeline
[1:42:40] subsidy
[1:42:41] sa
[1:42:41] average
[1:42:42] bill
[1:42:42] or a
[1:42:44] high
[1:42:44] bill
[1:42:44] like
[1:42:45] a bill
[1:42:46] of
[1:42:46] 9,000
[1:42:46] pesos
[1:42:47] okay
[1:42:47] yeah
[1:42:47] okay
[1:42:48] so in
[1:42:49] percentage
[1:42:49] that is
[1:42:50] 0.06
[1:42:52] percent
[1:42:52] of the
[1:42:52] bill
[1:42:53] again
[1:42:58] to be
[1:42:58] clear
[1:42:58] the
[1:42:59] lifeline
[1:43:00] bill
[1:43:00] is a
[1:43:00] percentage
[1:43:01] of
[1:43:01] people's
[1:43:02] bills
[1:43:02] that's
[1:43:03] why
[1:43:03] you
[1:43:04] the
[1:43:04] five
[1:43:04] pesos
[1:43:05] is
[1:43:05] against
[1:43:07] an
[1:43:07] example
[1:43:07] like
[1:43:08] a
[1:43:08] 9,000
[1:43:08] peso
[1:43:09] bill
[1:43:09] so if
[1:43:09] the
[1:43:10] bill
[1:43:10] is much
[1:43:10] lower
[1:43:11] let's
[1:43:11] say
[1:43:11] 5,000
[1:43:12] then
[1:43:12] it's
[1:43:12] most likely
[1:43:13] it's also
[1:43:13] smaller
[1:43:14] everybody agrees
[1:43:14] on that
[1:43:15] okay
[1:43:16] thank you
[1:43:16] I have
[1:43:18] one more
[1:43:18] question
[1:43:18] for you
[1:43:19] I just
[1:43:19] need to
[1:43:19] clarify
[1:43:19] with my
[1:43:20] just
[1:44:16] clarifying
[1:44:16] some
[1:44:17] facts
[1:44:17] that
[1:44:17] my
[1:44:17] team
[1:44:18] gave
[1:44:18] me
[1:44:18] it's
[1:44:19] not
[1:44:19] that
[1:44:20] urgent
[1:44:20] to bring
[1:44:20] it up
[1:44:21] now
[1:44:21] so
[1:44:21] thank you
[1:44:22] let's
[1:44:22] move
[1:44:22] on
[1:44:23] let us
[1:44:25] hear
[1:44:25] samahan
[1:44:27] ng
[1:44:27] nagkakaisang
[1:44:28] pamilya
[1:44:29] ng
[1:44:29] pangtawid
[1:44:29] Miss
[1:44:30] Annabelle
[1:44:31] Luna
[1:44:31] the
[1:44:32] president
[1:44:32] the floor
[1:44:33] is yours
[1:44:33] magandang
[1:44:35] natin po
[1:44:35] madam
[1:44:36] president
[1:44:36] at sa mga
[1:44:37] kasamang
[1:44:38] na sa loob
[1:44:38] ng room
[1:44:39] na ito
[1:44:40] kami po
[1:44:40] ay mula
[1:44:41] sa samahan
[1:44:42] at kakaisang
[1:44:42] pamilyang
[1:44:43] pantawid
[1:44:43] ay labis
[1:44:44] pong
[1:44:44] nagpapasalamat
[1:44:45] sa mga
[1:44:45] panakwalang
[1:44:46] ito
[1:44:47] na ang
[1:44:47] magbibibibisyo
[1:44:48] po ay
[1:44:48] katulad
[1:44:49] po namin
[1:44:49] mga
[1:44:50] talagang
[1:44:51] mga
[1:44:52] nangangailangan
[1:44:53] na pamilya
[1:44:54] pero
[1:44:54] kagaya po
[1:44:55] ng
[1:44:56] sinabi
[1:44:56] kanina
[1:44:57] ng mga
[1:44:57] narinig
[1:44:58] ko
[1:44:58] ng mga
[1:44:59] masyadong
[1:44:59] teknikal
[1:45:00] pero
[1:45:01] doon
[1:45:01] na lang
[1:45:01] po
[1:45:01] ako
[1:45:04] nakakano
[1:45:06] diba
[1:45:06] langop
[1:45:07] na
[1:45:07] na
[1:45:07] store
[1:45:08] doon
[1:45:08] sa usaping
[1:45:09] ang
[1:45:11] purpose
[1:45:12] po
[1:45:12] ang
[1:45:12] naging
[1:45:12] dahilan
[1:45:13] ng
[1:45:13] pag
[1:45:13] logo
[1:45:14] ng
[1:45:14] bill
[1:45:14] ng
[1:45:14] mga
[1:45:15] consumer
[1:45:16] pero
[1:45:17] doon
[1:45:17] po
[1:45:18] kami
[1:45:19] po
[1:45:19] ay
[1:45:19] talagang
[1:45:20] nasaktan
[1:45:21] pero
[1:45:22] ito
[1:45:22] yung
[1:45:22] pagkakataon
[1:45:23] na gusto
[1:45:23] namin
[1:45:24] linawin
[1:45:24] na
[1:45:25] kanina
[1:45:26] nasabi
[1:45:27] po
[1:45:27] ni
[1:45:27] Yusek
[1:45:28] Dimaporo
[1:45:28] na
[1:45:29] 300
[1:45:30] plus
[1:45:33] thousand
[1:45:34] po
[1:45:34] yung
[1:45:34] nakaregistered
[1:45:36] pero
[1:45:36] ang totoo
[1:45:37] rin
[1:45:37] po
[1:45:37] Madam
[1:45:38] Chair
[1:45:39] yung
[1:45:39] iba
[1:45:40] po
[1:45:40] nakaregistered
[1:45:41] pero
[1:45:41] hindi
[1:45:41] maka-avail
[1:45:42] kasi
[1:45:42] po
[1:45:43] may
[1:45:43] mga
[1:45:43] kontador
[1:45:45] po
[1:45:45] na
[1:45:45] hindi
[1:45:45] nakapangalan
[1:45:46] sa amin
[1:45:47] makapag
[1:45:49] ano man
[1:45:49] sila
[1:45:49] ng
[1:45:49] konsumo
[1:45:50] na
[1:45:50] doon
[1:45:51] lang
[1:45:51] po
[1:45:51] sa
[1:45:51] average
[1:45:52] na
[1:45:52] 50
[1:45:52] kilowatt
[1:45:53] po
[1:45:53] ay
[1:45:54] hindi
[1:45:54] naman
[1:45:54] nakapangalan
[1:45:55] paano
[1:45:55] rin
[1:45:55] po
[1:45:55] maa-avail
[1:45:56] meron
[1:45:57] naman
[1:45:57] po
[1:45:57] na
[1:45:57] nakapangalan
[1:45:58] naman
[1:45:59] ng
[1:45:59] kontador
[1:45:59] sa
[1:45:59] purpose
[1:46:04] kaya
[1:46:06] naman
[1:46:07] po
[1:46:07] hindi
[1:46:07] dahil
[1:46:07] sa
[1:46:08] luho
[1:46:08] malaki
[1:46:09] po
[1:46:09] yung
[1:46:10] konsumo
[1:46:10] kada
[1:46:11] buwan
[1:46:12] hindi
[1:46:12] rin
[1:46:12] siya
[1:46:12] makaka-avail
[1:46:13] kaya
[1:46:14] malinaw
[1:46:14] na
[1:46:14] malinaw
[1:46:15] rin
[1:46:15] po
[1:46:15] sa
[1:46:16] aking
[1:46:16] mga
[1:46:16] narinig
[1:46:17] na
[1:46:17] kung
[1:46:17] kasi
[1:46:18] yung
[1:46:18] sa aming
[1:46:19] position
[1:46:19] paper
[1:46:19] na
[1:46:20] ipasa
[1:46:20] talagang
[1:46:22] hinimay
[1:46:22] po
[1:46:22] namin
[1:46:23] yung
[1:46:23] mga
[1:46:23] deals
[1:46:26] pero
[1:46:27] doon
[1:46:27] po
[1:46:27] sa
[1:46:27] bat
[1:46:28] na
[1:46:29] gusto
[1:46:29] rin
[1:46:29] namin
[1:46:29] sinusuportan
[1:46:30] hindi
[1:46:30] namin
[1:46:31] na
[1:46:31] ito
[1:46:31] ay
[1:46:35] pilipino
[1:46:35] ito
[1:46:36] lalo
[1:46:36] na
[1:46:36] sa
[1:46:36] ating
[1:46:37] middle
[1:46:37] class
[1:46:38] na
[1:46:38] sila
[1:46:38] talaga
[1:46:39] ay
[1:46:40] isa
[1:46:40] rin
[1:46:40] na
[1:46:40] kahit
[1:46:41] pasabihin
[1:46:42] natin
[1:46:42] middle
[1:46:43] class
[1:46:43] sila
[1:46:43] umaaray
[1:46:44] na
[1:46:44] rin
[1:46:44] po
[1:46:45] diba
[1:46:45] lalo
[1:46:45] rin
[1:46:46] mga
[1:46:46] ordinary
[1:46:46] mong
[1:46:46] gagawa
[1:46:47] ngayon
[1:46:48] po
[1:46:48] dun
[1:46:48] po
[1:46:49] sa
[1:46:49] sinasabing
[1:46:49] 4.4
[1:46:50] million
[1:46:50] ang
[1:46:51] magiging
[1:46:51] unserved
[1:46:52] kung
[1:46:52] matatanggal
[1:46:52] ito
[1:46:53] malinaw
[1:46:54] na
[1:46:54] manilaw
[1:46:54] sa
[1:46:57] amin
[1:46:58] na
[1:46:58] hindi
[1:46:58] naman
[1:46:59] talaga
[1:46:59] lahat
[1:47:00] ay
[1:47:00] makakakabail
[1:47:01] dahil
[1:47:02] matindi po
[1:47:03] yung
[1:47:03] mga
[1:47:04] requirements
[1:47:04] din
[1:47:05] nakapangalan
[1:47:06] problem
[1:47:06] mahalaga
[1:47:07] po
[1:47:07] sana
[1:47:08] tingdan din po
[1:47:09] natin
[1:47:09] yung mga
[1:47:09] middle
[1:47:09] class
[1:47:10] na
[1:47:10] mabigyan
[1:47:10] din sila
[1:47:11] ng
[1:47:11] subsidy
[1:47:11] o
[1:47:12] magawa
[1:47:13] pa
[1:47:13] natin
[1:47:13] sana
[1:47:14] itong
[1:47:14] ano
[1:47:15] i-revisit
[1:47:17] po
[1:47:17] yung
[1:47:17] EPERA
[1:47:18] yung
[1:47:18] ERC
[1:47:19] rules
[1:47:19] na
[1:47:20] mag
[1:47:20] mag
[1:47:21] de-depende
[1:47:22] po
[1:47:22] ito
[1:47:22] dun
[1:47:23] sa mga
[1:47:23] bills
[1:47:23] natin
[1:47:24] pero
[1:47:24] mararamdaman
[1:47:25] sana
[1:47:25] talaga
[1:47:26] ng
[1:47:26] mga
[1:47:27] pamilyang
[1:47:27] Pilipino
[1:47:28] na
[1:47:28] yung
[1:47:28] totoong
[1:47:29] malasakit
[1:47:29] po
[1:47:29] ng
[1:47:30] ating
[1:47:30] pamahalaan
[1:47:31] para sa
[1:47:32] kasi
[1:47:32] hindi
[1:47:33] naman po
[1:47:33] itong
[1:47:33] luhi
[1:47:34] yung
[1:47:34] ating
[1:47:34] pagkakaroon
[1:47:35] ng
[1:47:35] kuryente
[1:47:36] ito
[1:47:36] ay
[1:47:36] talagang
[1:47:37] karapatan
[1:47:38] din
[1:47:38] ng
[1:47:38] bawat
[1:47:38] pamilya
[1:47:39] na
[1:47:39] mangiwanag
[1:47:40] po
[1:47:40] yung
[1:47:40] kanilang
[1:47:41] mga
[1:47:41] bahay
[1:47:41] dahil
[1:47:42] gaya
[1:47:42] po
[1:47:43] ng
[1:47:43] sinabi
[1:47:43] ni
[1:47:43] Madam
[1:47:43] Chair
[1:47:44] talaga
[1:47:44] naman
[1:47:44] atiktado
[1:47:45] po
[1:47:45] kami
[1:47:45] mga
[1:47:46] nanay
[1:47:46] dahil
[1:47:48] sa
[1:47:48] araw-araw
[1:47:49] yun
[1:47:49] ang
[1:47:50] kailangan
[1:47:50] natin
[1:47:50] na
[1:47:50] konsumo
[1:47:51] sa
[1:47:52] huli
[1:47:52] po
[1:47:52] pinapakusap
[1:47:55] po
[1:47:56] namin
[1:47:56] sa
[1:47:56] mga
[1:47:56] kagalang
[1:47:57] galang
[1:47:58] na
[1:47:58] senador
[1:47:58] na
[1:47:58] ipasa
[1:47:59] ang
[1:47:59] batas
[1:47:59] sana
[1:47:59] na
[1:48:00] magtatanggal
[1:48:00] ng
[1:48:00] baht
[1:48:01] sa
[1:48:01] kuryente
[1:48:01] maglilimita
[1:48:03] rin
[1:48:03] ng
[1:48:03] pass
[1:48:03] on
[1:48:04] charges
[1:48:04] ang
[1:48:05] pasaning
[1:48:05] ng
[1:48:05] subsidia
[1:48:06] at
[1:48:06] system
[1:48:07] loss
[1:48:08] ay
[1:48:08] dapat
[1:48:08] balik
[1:48:09] katin
[1:48:10] ng
[1:48:10] pamahalan
[1:48:10] sana
[1:48:11] at
[1:48:11] ng
[1:48:11] malalaking
[1:48:12] korporasyon
[1:48:13] sa
[1:48:13] energy
[1:48:14] hindi
[1:48:15] ang
[1:48:15] ordinaryong
[1:48:16] mamamayang
[1:48:16] Pilipino
[1:48:17] ang
[1:48:17] justisya
[1:48:21] ay makakamit
[1:48:22] lamang
[1:48:22] kung ang
[1:48:23] pondo
[1:48:23] ay hindi
[1:48:23] kukunin
[1:48:24] sa
[1:48:24] bolsa
[1:48:25] ng
[1:48:25] kapwa
[1:48:25] mahihirap
[1:48:26] o
[1:48:26] nag-hickhouse
[1:48:27] ng mga
[1:48:28] gagawa
[1:48:28] nananawagan kami
[1:48:30] na gawing
[1:48:30] itong
[1:48:31] insklusibo
[1:48:32] ang mga
[1:48:32] batas
[1:48:32] na ito
[1:48:33] isang
[1:48:33] sistema
[1:48:34] hindi
[1:48:34] nagbubunsod
[1:48:35] ng
[1:48:35] inggit
[1:48:36] diskriminasyon
[1:48:37] kundi
[1:48:37] tunay
[1:48:37] naging
[1:48:38] hawa
[1:48:38] para
[1:48:38] sa
[1:48:39] lahat
[1:48:39] maraming
[1:48:39] salamat
[1:48:40] po
[1:48:40] Thank you
[1:48:49] Miss Luna
[1:48:50] dun sa
[1:48:51] contribution
[1:48:52] nyo
[1:48:53] dun sa
[1:48:53] discussion
[1:48:54] I just
[1:48:54] want to
[1:48:54] add
[1:48:54] something
[1:48:55] hinahanap
[1:48:55] ko lang
[1:48:56] yung
[1:48:56] notes
[1:48:56] ko
[1:48:57] para
[1:49:05] lang
[1:49:06] sabi nyo
[1:49:07] medyo
[1:49:07] technical
[1:49:08] pero di
[1:49:08] natin
[1:49:09] maiiwasan
[1:49:09] kasi
[1:49:10] importante
[1:49:11] maintindihan
[1:49:12] natin
[1:49:13] yung
[1:49:13] ako nga
[1:49:15] technical
[1:49:15] na aspeto
[1:49:16] hirap
[1:49:17] din ako
[1:49:17] yung legal
[1:49:18] mas
[1:49:18] okay
[1:49:19] ako
[1:49:19] pero
[1:49:20] sa dami
[1:49:21] nung
[1:49:21] batas
[1:49:22] patong
[1:49:22] patong
[1:49:22] na
[1:49:23] mahirap
[1:49:24] na rin
[1:49:24] sundan
[1:49:24] pero
[1:49:25] ito
[1:49:25] konting
[1:49:26] dagdag
[1:49:26] din sa
[1:49:26] liwanag
[1:49:27] yung
[1:49:28] lifeline
[1:49:28] rate
[1:49:28] natin
[1:49:29] na
[1:49:29] nagbibigay
[1:49:29] ng
[1:49:30] 100%
[1:49:31] subsidy
[1:49:32] 50
[1:49:33] kilowatts
[1:49:34] per hour
[1:49:34] sabi nga
[1:49:35] ni Miss
[1:49:36] Annabelle
[1:49:36] tama yun
[1:49:36] and of
[1:49:37] course
[1:49:37] Yuseca
[1:49:37] Dimaporo
[1:49:38] also
[1:49:38] agrees
[1:49:39] alam naman
[1:49:39] lahat nila
[1:49:40] yan
[1:49:40] ERC
[1:49:42] DOE
[1:49:42] so
[1:49:43] ang
[1:49:43] coverage
[1:49:44] more or
[1:49:44] less
[1:49:45] more or
[1:49:45] less
[1:49:45] ng
[1:49:45] 50
[1:49:46] kilowatts
[1:49:47] is
[1:49:48] 3 light
[1:49:49] bulbs
[1:49:50] 1
[1:49:50] electric
[1:49:50] fan
[1:49:51] 1
[1:49:52] TV
[1:49:52] or
[1:49:53] radio
[1:49:53] and
[1:49:54] 1
[1:49:54] cellphone
[1:49:55] charger
[1:49:55] so
[1:49:56] basic
[1:49:57] basic
[1:49:57] talaga
[1:49:58] malaking
[1:49:59] tulong
[1:49:59] sa tingin
[1:50:00] ko
[1:50:00] pero
[1:50:01] katulad
[1:50:01] nung
[1:50:02] sinabi
[1:50:02] ko
[1:50:02] ng
[1:50:02] hearing
[1:50:05] ko
[1:50:05] the last
[1:50:06] hearing
[1:50:07] bilang
[1:50:09] isang
[1:50:09] nanay
[1:50:09] kasi
[1:50:10] yun
[1:50:10] naman
[1:50:10] kaya
[1:50:11] kong
[1:50:11] i-share
[1:50:12] experience
[1:50:14] ko
[1:50:15] may mga
[1:50:16] gawain
[1:50:17] tayo
[1:50:17] sa bahay
[1:50:17] na hindi
[1:50:18] covered
[1:50:18] ito
[1:50:18] so
[1:50:19] kunyari
[1:50:19] si nanay
[1:50:20] papasok
[1:50:20] papasok
[1:50:21] din siya
[1:50:22] so
[1:50:22] tas
[1:50:23] maulan
[1:50:23] pa
[1:50:23] naman
[1:50:23] sa
[1:50:24] Pilipinas
[1:50:24] baka
[1:50:25] naman
[1:50:25] gusto
[1:50:26] niyang
[1:50:26] kumuha
[1:50:27] ng
[1:50:27] washing
[1:50:27] machine
[1:50:27] at
[1:50:27] dryer
[1:50:28] hindi
[1:50:28] naman
[1:50:28] po
[1:50:28] kasalanan
[1:50:29] yun
[1:50:29] na
[1:50:29] may
[1:50:29] washing
[1:50:30] machine
[1:50:30] at
[1:50:30] dryer
[1:50:30] katulong
[1:50:31] nga
[1:50:31] yun
[1:50:31] sa
[1:50:31] nanay
[1:50:32] di
[1:50:33] dagdag
[1:50:33] yun
[1:50:33] hindi
[1:50:34] kumak
[1:50:34] cover
[1:50:34] yun
[1:50:35] so
[1:50:35] maglalabak
[1:50:35] pa
[1:50:35] si nanay
[1:50:36] anong
[1:50:37] gagawin
[1:50:37] niya
[1:50:37] pag
[1:50:37] umulan
[1:50:38] ano
[1:50:38] papapatuyo
[1:50:40] pag
[1:50:40] maulan
[1:50:40] di ba
[1:50:41] so
[1:50:41] kasama
[1:50:42] yun
[1:50:42] sa
[1:50:42] mga
[1:50:42] gastusin
[1:50:43] in
[1:50:45] example
[1:50:45] ko
[1:50:45] nga
[1:50:45] parate
[1:50:46] kung
[1:50:46] may
[1:50:47] dalagita
[1:50:47] ka
[1:50:48] o
[1:50:48] ikaw
[1:50:48] mismo
[1:50:49] nanay
[1:50:49] papasok
[1:50:57] lower
[1:50:58] lower
[1:50:58] hindi
[1:50:58] huluho
[1:50:59] yun
[1:50:59] expected
[1:51:00] yun
[1:51:00] na
[1:51:01] pag
[1:51:01] pumasok
[1:51:01] tayo
[1:51:01] hindi
[1:51:02] tayo
[1:51:02] mukhang
[1:51:02] bagong
[1:51:02] gising
[1:51:03] so
[1:51:03] may
[1:51:04] gasos
[1:51:04] din
[1:51:04] yun
[1:51:05] hindi
[1:51:05] uncovered
[1:51:05] sa
[1:51:06] basic
[1:51:06] so
[1:51:06] yun
[1:51:06] lang
[1:51:07] yung
[1:51:07] mga
[1:51:07] ina
[1:51:07] example
[1:51:08] ko
[1:51:08] to
[1:51:09] show
[1:51:09] na
[1:51:09] hindi
[1:51:10] hindi
[1:51:11] luho
[1:51:11] itong
[1:51:11] 50
[1:51:12] kilowatts
[1:51:13] na
[1:51:13] binibigay
[1:51:14] ito
[1:51:14] yung
[1:51:14] mga
[1:51:15] essentials
[1:51:15] now
[1:51:16] katulad
[1:51:18] nito
[1:51:18] one
[1:51:18] electric
[1:51:19] fan
[1:51:19] dun
[1:51:22] sa
[1:51:22] susunod
[1:51:22] kong
[1:51:23] dun
[1:51:23] sa
[1:51:23] iba
[1:51:23] kong
[1:51:23] committee
[1:51:24] possible
[1:51:26] na
[1:51:27] sustainable
[1:51:28] development
[1:51:28] goals
[1:51:29] na lagi
[1:51:29] kong
[1:51:29] pinapasok
[1:51:30] sa lahat
[1:51:30] ng
[1:51:30] diskusyon
[1:51:31] ko
[1:51:31] kasama
[1:51:32] dun
[1:51:33] na
[1:51:33] matiwasay
[1:51:35] ang
[1:51:35] ating
[1:51:36] buhay
[1:51:36] so
[1:51:36] pag
[1:51:37] nagkakabagyo
[1:51:37] pag
[1:51:38] nagkakaroon
[1:51:38] ng
[1:51:39] El Niño
[1:51:39] lahat
[1:51:40] yun
[1:51:40] problema
[1:51:40] sa atin
[1:51:41] so
[1:51:41] pag
[1:51:41] sobrang
[1:51:42] init
[1:51:42] naman
[1:51:42] hindi
[1:51:43] rin
[1:51:43] makatulog
[1:51:44] ang mga
[1:51:44] tao
[1:51:44] diba
[1:51:45] so
[1:51:45] yun
[1:51:45] naman
[1:51:46] ang
[1:51:46] kahalaga
[1:51:46] ng
[1:51:47] electric
[1:51:47] fan
[1:51:47] hindi
[1:51:48] luho
[1:51:48] ang
[1:51:48] electric
[1:51:48] fan
[1:51:49] so
[1:51:49] kung
[1:51:54] sana
[1:51:54] more
[1:51:54] than
[1:51:55] one
[1:51:55] electric
[1:51:55] fan
[1:51:55] pero
[1:51:55] ang
[1:51:56] puntos
[1:51:56] ko
[1:51:56] dito
[1:51:56] sa
[1:51:56] 50
[1:51:57] kilowatts
[1:51:57] per
[1:51:58] hour
[1:51:58] one
[1:51:59] electric
[1:51:59] fan
[1:51:59] lang
[1:52:00] ang
[1:52:00] covered
[1:52:00] yun
[1:52:00] lang
[1:52:00] naman
[1:52:01] yung
[1:52:01] point
[1:52:01] ko
[1:52:01] napakaliit
[1:52:02] lang
[1:52:02] ng
[1:52:03] ano
[1:52:03] and
[1:52:03] again
[1:52:03] idudugtong
[1:52:04] ko
[1:52:04] sa sinabi
[1:52:05] ni
[1:52:05] Yusek
[1:52:06] Dimaporo
[1:52:06] na
[1:52:07] more or less
[1:52:08] 5 pesos
[1:52:08] ang karagdaga
[1:52:09] na
[1:52:09] binabayaran
[1:52:11] dun sa
[1:52:12] isang
[1:52:12] electricity
[1:52:12] bill
[1:52:13] na
[1:52:13] nasa
[1:52:14] 9,000
[1:52:14] pesos
[1:52:15] 5 pesos
[1:52:16] lang
[1:52:16] ang
[1:52:17] contribution
[1:52:17] for the
[1:52:18] lifeline
[1:52:18] now
[1:52:19] to be
[1:52:20] clear
[1:52:20] meron
[1:52:21] din
[1:52:21] lifeline
[1:52:22] na
[1:52:22] 100
[1:52:23] kilowatts
[1:52:23] pero
[1:52:24] yun
[1:52:24] hindi
[1:52:24] 100%
[1:52:26] ang
[1:52:26] subsidy
[1:52:26] yan
[1:52:27] ay
[1:52:27] 20%
[1:52:28] lang
[1:52:29] ito
[1:52:29] kung
[1:52:29] tatanungin
[1:52:30] mo ko
[1:52:30] medyo
[1:52:30] mas
[1:52:31] makatarungan
[1:52:32] yung
[1:52:32] 100
[1:52:32] kilowatts
[1:52:33] kasi
[1:52:34] covered
[1:52:34] nito
[1:52:35] is
[1:52:35] yung
[1:52:36] kuryente
[1:52:36] mo
[1:52:36] for
[1:52:37] more
[1:52:37] appliances
[1:52:38] and
[1:52:39] more
[1:52:39] charging
[1:52:40] facilities
[1:52:41] kasi
[1:52:41] nowadays
[1:52:41] it's a
[1:52:42] charge
[1:52:42] mo
[1:52:42] cellphone
[1:52:43] eh
[1:52:43] kung
[1:52:44] ako
[1:52:44] yung
[1:52:44] nanay
[1:52:45] may
[1:52:45] mga
[1:52:45] dalagita
[1:52:46] akong
[1:52:46] anak
[1:52:46] nagkakasabi
[1:52:48] mo
[1:52:49] gusto ko
[1:52:50] naman
[1:52:50] monitor
[1:52:50] kung
[1:52:50] nasa
[1:52:51] na
[1:52:51] sila
[1:52:51] sa
[1:52:51] gabi
[1:52:51] diba
[1:52:52] naglalakad
[1:52:52] madilim
[1:52:53] so
[1:52:54] talagang
[1:52:55] essential
[1:52:55] na rin
[1:52:55] sa atin
[1:52:56] yung
[1:52:56] cellphone
[1:52:56] paano
[1:52:57] magcharge
[1:52:57] hindi
[1:52:58] covered
[1:52:58] yun
[1:52:58] sa
[1:52:58] 50
[1:52:59] pero
[1:53:00] dun
[1:53:00] sa
[1:53:00] 100
[1:53:00] covered
[1:53:01] pero
[1:53:02] 20%
[1:53:02] lang
[1:53:03] ang
[1:53:03] discount
[1:53:03] so
[1:53:03] maraming
[1:53:04] nuances
[1:53:04] to
[1:53:05] I'm
[1:53:06] just
[1:53:06] pointing
[1:53:07] out
[1:53:07] na
[1:53:07] yung
[1:53:07] 50
[1:53:08] kulang
[1:53:08] na
[1:53:08] kulang
[1:53:08] kung
[1:53:09] dadagdagan
[1:53:09] naman
[1:53:09] natin
[1:53:10] sa
[1:53:10] 100
[1:53:10] based
[1:53:11] dun
[1:53:12] sa
[1:53:12] studies
[1:53:13] studies
[1:53:14] natin
[1:53:15] it's
[1:53:15] already
[1:53:15] one
[1:53:16] of
[1:53:16] the
[1:53:16] biggest
[1:53:16] subsidy
[1:53:17] sa
[1:53:18] Asia
[1:53:18] so
[1:53:19] kahit
[1:53:19] hindi
[1:53:19] naman
[1:53:19] 100
[1:53:19] baka
[1:53:20] naman
[1:53:20] like I
[1:53:21] said
[1:53:21] yung
[1:53:21] 100
[1:53:21] naman
[1:53:22] na
[1:53:22] yun
[1:53:22] is
[1:53:22] discounted
[1:53:23] lang
[1:53:23] hindi
[1:53:23] naman
[1:53:24] 100%
[1:53:25] so
[1:53:26] we can
[1:53:26] go
[1:53:26] into
[1:53:27] that
[1:53:27] more
[1:53:27] pag
[1:53:28] hinimay
[1:53:28] na
[1:53:28] natin
[1:53:29] yung
[1:53:29] bawat
[1:53:29] charge
[1:53:31] nakakadagdag
[1:53:32] sa budget
[1:53:33] pinapoint
[1:53:34] out
[1:53:34] ko
[1:53:34] lang
[1:53:34] na
[1:53:34] ito
[1:53:35] ito
[1:53:35] yung
[1:53:35] essentials
[1:53:36] na
[1:53:36] nakakarating
[1:53:37] sa mga
[1:53:37] kababayan
[1:53:38] natin
[1:53:38] na
[1:53:38] nangangailangan
[1:53:39] okay
[1:53:40] so
[1:53:40] since
[1:53:40] yan
[1:53:40] na rin
[1:53:41] lang
[1:53:41] naman
[1:53:41] yung
[1:53:42] ating
[1:53:42] topic
[1:53:44] isunod
[1:53:45] ko
[1:53:46] na rin
[1:53:46] ang
[1:53:47] South
[1:53:47] Luzon
[1:53:48] Integral
[1:53:49] Ecology
[1:53:49] Hub
[1:53:50] it
[1:53:51] is
[1:53:52] Reverend
[1:53:52] Father
[1:53:53] Warren
[1:53:53] Puno
[1:53:53] sir
[1:53:54] you have
[1:53:54] the
[1:53:54] floor
[1:53:54] Gandang
[1:53:55] hapon po
[1:53:57] Madam Chair
[1:53:58] at sa lahat
[1:53:58] po
[1:53:58] ng
[1:53:59] narito
[1:53:59] sa
[1:54:02] angalan po
[1:54:02] ni Bishop
[1:54:02] Gerald
[1:54:03] Minasa
[1:54:03] ng
[1:54:04] Caritas
[1:54:05] Philippines
[1:54:06] po
[1:54:06] si
[1:54:06] Father
[1:54:06] Warren
[1:54:07] from
[1:54:07] Atemonan
[1:54:08] Quezon
[1:54:08] karapatan
[1:54:09] at kanina
[1:54:10] nabanggit
[1:54:11] ni Madam Chair
[1:54:11] sa simula
[1:54:12] yung
[1:54:12] namatay
[1:54:13] na
[1:54:13] lolo
[1:54:14] dahil
[1:54:15] hindi
[1:54:15] nakapag
[1:54:15] nebulize
[1:54:17] kaya
[1:54:17] napakahalaga
[1:54:18] po
[1:54:18] ng
[1:54:18] kuryente
[1:54:19] lalo
[1:54:19] na sa
[1:54:20] mga
[1:54:20] vulnerable
[1:54:21] sektor
[1:54:22] kailangan
[1:54:22] ito
[1:54:23] para
[1:54:23] sa
[1:54:23] disenting
[1:54:24] pamumuhas
[1:54:24] ng lahat
[1:54:25] nilantad
[1:54:26] po
[1:54:26] ng
[1:54:27] energy
[1:54:27] crisis
[1:54:27] nangyayari
[1:54:28] ngayon
[1:54:28] na
[1:54:28] ordinary
[1:54:29] mamamayan
[1:54:29] ang
[1:54:30] pinakakawaawa
[1:54:31] sa patuloy
[1:54:32] nating
[1:54:32] pagtangkilik
[1:54:33] sa imported
[1:54:34] na coal
[1:54:34] gas
[1:54:35] at
[1:54:36] langis
[1:54:36] para sa
[1:54:37] kuryente
[1:54:37] yan po
[1:54:38] ang katotohanan
[1:54:39] hindi
[1:54:39] hindi
[1:54:39] hindi
[1:54:39] hindi
[1:54:40] na nga
[1:54:40] maaasahan
[1:54:41] ubod
[1:54:42] pa
[1:54:42] ng
[1:54:43] mahal
[1:54:43] kaya
[1:54:45] kaisa
[1:54:45] po kami
[1:54:46] sa maraming
[1:54:48] panukala
[1:54:49] nabawasan
[1:54:49] o repasuhin
[1:54:50] ang mga
[1:54:50] gastusin
[1:54:51] sa
[1:54:51] electricity
[1:54:51] bill
[1:54:52] na hindi
[1:54:53] naman
[1:54:53] nakatali
[1:54:53] sa
[1:54:54] mismong
[1:54:54] consumo
[1:54:55] yung
[1:54:56] iba't
[1:54:56] ibang
[1:54:57] pass
[1:54:57] through
[1:54:57] charges
[1:54:58] kong
[1:54:58] tawagin
[1:54:58] ngunit
[1:54:59] mariin
[1:55:00] din po
[1:55:00] namin
[1:55:00] hinihingi
[1:55:01] na
[1:55:01] aksyonan
[1:55:02] ang
[1:55:02] pinakamahal
[1:55:03] na
[1:55:03] pass
[1:55:03] through
[1:55:04] charge
[1:55:04] yun po
[1:55:04] yung
[1:55:05] nakapaloob
[1:55:05] sa
[1:55:05] generation
[1:55:06] charge
[1:55:06] na higit
[1:55:07] kalahati
[1:55:08] ng
[1:55:08] bill
[1:55:09] sa
[1:55:09] kuryente
[1:55:09] na
[1:55:09] binabangit
[1:55:10] po
[1:55:10] kanina
[1:55:10] pa
[1:55:11] sa
[1:55:11] tuwing
[1:55:11] sumisirit
[1:55:12] ang
[1:55:12] presyo
[1:55:12] ng
[1:55:13] coal
[1:55:13] gas
[1:55:13] at
[1:55:13] langis
[1:55:14] sa
[1:55:14] pandaigdig
[1:55:15] ang
[1:55:15] merkado
[1:55:15] consumer
[1:55:16] ang
[1:55:17] pumapasan
[1:55:17] ng
[1:55:17] dagdag
[1:55:18] na
[1:55:18] gastusin
[1:55:18] dahil
[1:55:19] pinapayagan
[1:55:20] sa
[1:55:20] mismong
[1:55:20] mga
[1:55:21] kontrata
[1:55:21] ng
[1:55:22] mga
[1:55:22] kumpanya
[1:55:22] ng
[1:55:23] distribution
[1:55:23] at
[1:55:24] generation
[1:55:24] Nag
[1:55:25] report
[1:55:25] na
[1:55:26] naman
[1:55:29] nga
[1:55:29] po
[1:55:29] ng
[1:55:30] mataas
[1:55:30] nakita
[1:55:31] sa
[1:55:31] unang
[1:55:31] quarter
[1:55:32] ng
[1:55:32] taon
[1:55:32] ng
[1:55:32] Miralco
[1:55:33] na
[1:55:34] pangunahing
[1:55:34] mula
[1:55:35] sa
[1:55:35] negwasyon
[1:55:36] nito
[1:55:36] sa
[1:55:36] generation
[1:55:37] sa
[1:55:38] katunayan
[1:55:38] sa bayan
[1:55:39] po
[1:55:39] namin
[1:55:39] sa
[1:55:39] Atimonan
[1:55:40] kung saan
[1:55:40] ako
[1:55:40] nakadistino
[1:55:41] pilit
[1:55:42] pa rin
[1:55:42] itinatayo
[1:55:43] ng
[1:55:43] Miralco
[1:55:44] na may
[1:55:44] bas-bast
[1:55:45] ng
[1:55:45] DOE
[1:55:45] ang
[1:55:46] isang
[1:55:46] 1200
[1:55:47] megawatt
[1:55:48] na
[1:55:48] coal
[1:55:48] plant
[1:55:48] na
[1:55:49] matagal
[1:55:49] na
[1:55:49] po
[1:55:50] namin
[1:55:50] tinututulan
[1:55:51] more
[1:55:51] than
[1:55:51] 10
[1:55:51] years
[1:55:52] maliban
[1:55:53] sa
[1:55:53] mapanira
[1:55:54] sa
[1:55:54] kalikasan
[1:55:54] na
[1:55:54] klima
[1:55:55] magiging
[1:55:56] karagdagang
[1:55:57] pinagmumunan
[1:55:57] lang ito
[1:55:58] ng mga
[1:55:59] automatic
[1:55:59] fuel
[1:56:00] pass-through
[1:56:01] charges
[1:56:01] na ipapasa
[1:56:02] ng
[1:56:02] Miralco
[1:56:02] sa
[1:56:03] mga
[1:56:03] consumer
[1:56:03] Kung
[1:56:04] tunay
[1:56:05] nga
[1:56:05] isang
[1:56:05] ating
[1:56:06] mababatas
[1:56:06] at
[1:56:06] pamahalaan
[1:56:07] na bigyang
[1:56:07] ginhawa
[1:56:08] ang mga
[1:56:08] consumer
[1:56:08] hindi
[1:56:09] po
[1:56:09] dapat
[1:56:10] isang
[1:56:10] tabi
[1:56:10] ang
[1:56:10] pinakamahal
[1:56:11] na
[1:56:11] generation
[1:56:12] cost
[1:56:12] hindi
[1:56:13] po
[1:56:13] dapat
[1:56:13] hayaang
[1:56:14] pagkakitaan
[1:56:15] ang
[1:56:15] ordinary
[1:56:16] mamamayan
[1:56:16] sa
[1:56:16] gitna
[1:56:17] ng
[1:56:17] krisis
[1:56:17] Tanya
[1:56:19] din
[1:56:26] mahal
[1:56:26] na
[1:56:26] kuryente
[1:56:27] ang
[1:56:28] tawag
[1:56:28] po
[1:56:28] ng
[1:56:28] Miralco
[1:56:29] Guerilla
[1:56:30] Solar
[1:56:30] Sa
[1:56:31] totoo
[1:56:31] lamang
[1:56:31] po
[1:56:32] ang
[1:56:32] simbahan
[1:56:32] ay ilang
[1:56:33] taon
[1:56:33] ng
[1:56:33] pinagsisikapan
[1:56:34] na magkaroon
[1:56:34] ng mga
[1:56:35] solar
[1:56:35] rooftop
[1:56:35] ang mga
[1:56:36] parokya
[1:56:36] daisis
[1:56:37] sa mga
[1:56:37] komunidad
[1:56:38] namin
[1:56:38] Totoong
[1:56:39] dapat
[1:56:39] tinitiyak
[1:56:40] na ligtas
[1:56:40] ang
[1:56:40] paggamit
[1:56:41] ng
[1:56:41] solar
[1:56:41] at
[1:56:42] namaganda
[1:56:43] ang
[1:56:43] kalidad
[1:56:43] ng
[1:56:43] materials
[1:56:44] ito
[1:56:44] pero
[1:56:44] hindi
[1:56:45] po
[1:56:45] kami
[1:56:45] sangayon
[1:56:46] sa
[1:56:46] mga
[1:56:46] panukalang
[1:56:47] tila
[1:56:47] gusto
[1:56:47] itong
[1:56:48] limitahan
[1:56:48] hindi
[1:56:49] sinusupil
[1:56:50] kundi
[1:56:51] sinusuportahan
[1:56:51] hindi po
[1:56:52] karagdagang
[1:56:53] regulasyon
[1:56:53] ang dapat
[1:56:54] isulong
[1:56:54] ng
[1:56:54] pamahalaan
[1:56:55] kundi
[1:56:55] malawakang
[1:56:56] pagpalaganat
[1:56:57] ng
[1:56:57] kaalaman
[1:56:57] at
[1:56:58] ng mga
[1:56:58] mekanismong
[1:56:59] pwedeng
[1:56:59] gamitin
[1:57:00] para
[1:57:00] makapagpundar
[1:57:01] ang
[1:57:01] taong
[1:57:01] bayan
[1:57:01] ng
[1:57:02] sarili
[1:57:02] nilang
[1:57:02] solar
[1:57:03] rooftops
[1:57:03] sa
[1:57:04] ligtas
[1:57:04] sa
[1:57:04] paraan
[1:57:05] at
[1:57:05] lalong
[1:57:06] madaling
[1:57:06] panahon
[1:57:07] minumukahe
[1:57:08] nga po
[1:57:09] namin
[1:57:09] na
[1:57:09] ang
[1:57:10] ating
[1:57:10] pamahalaan
[1:57:11] mismo
[1:57:11] ang
[1:57:11] manguna
[1:57:12] sa
[1:57:12] paglalaan
[1:57:12] ng
[1:57:12] budget
[1:57:13] para
[1:57:13] sa
[1:57:13] malawakang
[1:57:14] deployment
[1:57:15] ng
[1:57:15] solar
[1:57:15] rooftops
[1:57:16] bilang
[1:57:16] bahagi
[1:57:16] ng
[1:57:17] energy
[1:57:17] response
[1:57:18] ng
[1:57:19] bansa
[1:57:19] ang
[1:57:19] ating
[1:57:20] gobyerno
[1:57:20] po
[1:57:20] mismo
[1:57:20] ang
[1:57:21] dapat
[1:57:21] maging
[1:57:22] agresibo
[1:57:22] sa
[1:57:23] deployment
[1:57:23] ng
[1:57:23] solar
[1:57:24] lalo
[1:57:24] na
[1:57:24] sa
[1:57:25] mga
[1:57:25] vulnerable
[1:57:25] sector
[1:57:26] pinakamahirap
[1:57:27] ng mga
[1:57:27] kababayan
[1:57:28] natin
[1:57:28] at mga
[1:57:29] sa mga
[1:57:29] off-grid
[1:57:29] areas
[1:57:30] na
[1:57:30] langis
[1:57:31] at
[1:57:31] bunker
[1:57:31] fuels
[1:57:32] pa rin
[1:57:32] ang gamit
[1:57:32] para
[1:57:33] sa
[1:57:33] kuryante
[1:57:33] kung
[1:57:34] kaya
[1:57:34] sobrang
[1:57:41] ng mga
[1:57:42] mababatas
[1:57:43] natin
[1:57:43] ang
[1:57:44] pangmatagalang
[1:57:44] proteksyon
[1:57:45] para sa
[1:57:45] mga
[1:57:45] Pilipino
[1:57:46] sa
[1:57:46] iba pang
[1:57:47] mga
[1:57:47] krisis
[1:57:48] sa
[1:57:48] hinaharap
[1:57:49] ang
[1:57:49] pagpapabilis
[1:57:50] at
[1:57:51] pagangat
[1:57:51] sa
[1:57:52] ambisyon
[1:57:52] ng
[1:57:52] bansa
[1:57:53] para
[1:57:53] sa
[1:57:54] renewable
[1:57:55] energy
[1:57:55] para
[1:57:56] makawala
[1:57:57] ang
[1:57:57] mga
[1:57:58] kababayan
[1:57:58] natin
[1:57:59] mula
[1:57:59] sa
[1:57:59] mahal
[1:58:00] at
[1:58:00] di
[1:58:00] maaasahang
[1:58:01] kuryente
[1:58:02] mula
[1:58:03] sa
[1:58:03] coal
[1:58:03] gas
[1:58:04] at
[1:58:05] langis
[1:58:05] kanina
[1:58:06] pa po
[1:58:06] panghuli
[1:58:07] po
[1:58:07] pinag-uusapan
[1:58:09] po
[1:58:09] yung
[1:58:09] pass-through
[1:58:11] cost
[1:58:12] saka
[1:58:12] yung
[1:58:12] outages
[1:58:13] so
[1:58:14] ang
[1:58:14] sagot po
[1:58:15] dito
[1:58:15] talaga
[1:58:15] renewable
[1:58:15] energy
[1:58:16] so
[1:58:17] diversifying
[1:58:18] and developing
[1:58:19] renewable
[1:58:19] energy
[1:58:20] further
[1:58:21] stabilizes
[1:58:22] supply
[1:58:22] and
[1:58:23] is
[1:58:23] more
[1:58:23] reliable
[1:58:24] so
[1:58:25] then
[1:58:26] RE
[1:58:26] has
[1:58:26] no
[1:58:27] pass-through
[1:58:27] no
[1:58:29] imported
[1:58:29] fuel
[1:58:30] not
[1:58:30] vulnerable
[1:58:31] to
[1:58:31] volatile
[1:58:32] prices
[1:58:32] in
[1:58:32] the
[1:58:32] global
[1:58:33] market
[1:58:33] easily
[1:58:34] deployable
[1:58:35] and
[1:58:35] is
[1:58:36] currently
[1:58:36] being
[1:58:36] used
[1:58:37] by
[1:58:37] a
[1:58:37] growing
[1:58:38] numbers
[1:58:38] of
[1:58:38] consumers
[1:58:39] to
[1:58:39] combat
[1:58:40] higher
[1:58:40] prices
[1:58:41] thank you
[1:58:45] very
[1:58:45] much
[1:58:45] father
[1:58:46] let's
[1:58:48] now
[1:58:48] go to
[1:58:49] the
[1:58:49] last
[1:58:49] two
[1:58:50] let
[1:58:51] me
[1:58:52] call
[1:58:52] on
[1:58:52] the
[1:58:52] energy
[1:58:53] lawyers
[1:58:53] association
[1:58:54] of the
[1:58:55] philippines
[1:58:55] attorney
[1:58:58] and
[1:58:58] carnation
[1:58:59] and
[1:59:00] then
[1:59:00] i
[1:59:01] think
[1:59:01] it's
[1:59:01] the
[1:59:01] last
[1:59:02] resource
[1:59:04] person
[1:59:05] or
[1:59:05] resource
[1:59:06] group
[1:59:06] the
[1:59:06] independent
[1:59:07] electricity
[1:59:08] market
[1:59:08] operator
[1:59:09] of the
[1:59:09] philippines
[1:59:09] you'll
[1:59:10] be
[1:59:10] next
[1:59:10] thank
[1:59:10] you
[1:59:10] go
[1:59:10] ahead
[1:59:10] ma'am
[1:59:11] thank
[1:59:11] you
[1:59:11] very
[1:59:12] much
[1:59:12] your
[1:59:12] honor
[1:59:12] we
[1:59:13] want
[1:59:13] to
[1:59:14] thank
[1:59:14] we
[1:59:14] have
[1:59:15] submitted
[1:59:15] our
[1:59:15] position
[1:59:16] paper
[1:59:16] on this
[1:59:16] matter
[1:59:17] and
[1:59:17] we
[1:59:17] want
[1:59:17] to
[1:59:17] introduce
[1:59:18] our
[1:59:18] sales
[1:59:18] we
[1:59:19] are
[1:59:19] an
[1:59:19] organization
[1:59:20] of
[1:59:20] lawyers
[1:59:21] specializing
[1:59:21] in the
[1:59:22] practice
[1:59:22] in the
[1:59:22] energy
[1:59:23] sector
[1:59:23] with the
[1:59:24] objectives
[1:59:24] of
[1:59:25] promoting
[1:59:25] professional
[1:59:25] excellence
[1:59:26] and
[1:59:27] integrity
[1:59:27] among
[1:59:27] us
[1:59:29] while
[1:59:29] advocating
[1:59:30] a fair
[1:59:30] competitive
[1:59:31] and
[1:59:31] sustainability
[1:59:31] driven
[1:59:32] energy
[1:59:32] sector
[1:59:33] to
[1:59:34] facilitate
[1:59:35] your
[1:59:35] honor
[1:59:35] we
[1:59:35] support
[1:59:36] the
[1:59:36] position
[1:59:37] of
[1:59:37] the
[1:59:38] honorable
[1:59:38] senator
[1:59:38] Lagarda
[1:59:39] in
[1:59:39] removing
[1:59:40] the value
[1:59:41] added
[1:59:42] tax
[1:59:42] on the
[1:59:43] system
[1:59:43] losses
[1:59:44] we wish
[1:59:45] to read
[1:59:46] a portion
[1:59:47] of our
[1:59:47] position
[1:59:47] paper
[1:59:48] we note
[1:59:49] that the
[1:59:49] recovery
[1:59:50] of our
[1:59:50] system
[1:59:50] loss
[1:59:51] is a
[1:59:51] mechanism
[1:59:52] by which
[1:59:52] de-use
[1:59:53] pass on
[1:59:53] to consumers
[1:59:54] the cost
[1:59:54] of
[1:59:55] electricity
[1:59:55] that was
[1:59:56] lost
[1:59:56] due to
[1:59:57] the
[1:59:57] following
[1:59:57] reasons
[1:59:58] technical
[1:59:59] since
[1:59:59] energy
[1:59:59] is normally
[2:00:00] dissipated
[2:00:01] as heat
[2:00:01] as it
[2:00:02] travels
[2:00:03] to the
[2:00:03] wire
[2:00:03] and
[2:00:04] non-technical
[2:00:04] reasons
[2:00:05] primarily
[2:00:05] due to
[2:00:06] pilferage
[2:00:07] and
[2:00:07] metering
[2:00:07] inaccuracies
[2:00:09] and
[2:00:09] tampering
[2:00:09] effectively
[2:00:11] this is
[2:00:11] a
[2:00:11] component
[2:00:12] of
[2:00:13] consumer
[2:00:13] bills
[2:00:13] that is
[2:00:14] not a
[2:00:14] result
[2:00:15] of its
[2:00:15] energy
[2:00:15] consumption
[2:00:16] but an
[2:00:17] incident
[2:00:17] arising
[2:00:18] from
[2:00:18] physics
[2:00:19] inefficiencies
[2:00:20] and
[2:00:20] curbing
[2:00:20] pilferages
[2:00:21] and the
[2:00:22] failure
[2:00:22] to install
[2:00:22] wires
[2:00:23] that will
[2:00:23] reduce
[2:00:24] the amount
[2:00:25] of line
[2:00:25] losses
[2:00:25] considering
[2:00:27] its
[2:00:27] nature
[2:00:28] the pass
[2:00:28] on charge
[2:00:29] for system
[2:00:29] losses
[2:00:30] does not
[2:00:30] provide
[2:00:31] benefit
[2:00:31] or gain
[2:00:32] to any
[2:00:33] other
[2:00:33] consumer
[2:00:33] nor
[2:00:34] is
[2:00:35] electricity
[2:00:35] consumed
[2:00:36] by the
[2:00:37] energy
[2:00:37] consumers
[2:00:37] which may
[2:00:39] not be
[2:00:39] treated
[2:00:39] as a
[2:00:40] vatable
[2:00:41] transaction
[2:00:41] because
[2:00:42] vat is
[2:00:43] a consumption
[2:00:44] tax
[2:00:45] and if
[2:00:45] your
[2:00:46] consumer
[2:00:46] do not
[2:00:47] consume
[2:00:47] such
[2:00:48] commodity
[2:00:49] then it's
[2:00:50] not a
[2:00:50] vatable
[2:00:51] transaction
[2:00:51] this is
[2:00:52] our
[2:00:52] position
[2:00:53] nevertheless
[2:00:53] we do
[2:00:54] acknowledge
[2:00:55] that it's
[2:00:56] part of
[2:00:56] the gross
[2:00:57] sales of
[2:00:58] generators
[2:00:58] and the
[2:01:00] position of
[2:01:01] the chairman
[2:01:02] Nino
[2:01:02] might have
[2:01:03] might be
[2:01:05] taken into
[2:01:06] consideration
[2:01:07] the possibility
[2:01:09] that the
[2:01:09] component of
[2:01:10] system losses
[2:01:11] will be
[2:01:11] carved out
[2:01:12] as gross
[2:01:14] sales
[2:01:14] for
[2:01:15] generators
[2:01:16] because
[2:01:17] this is
[2:01:18] treated as
[2:01:18] part of
[2:01:19] their gross
[2:01:19] sales
[2:01:20] relative to
[2:01:21] the mechanics
[2:01:22] of this
[2:01:22] maybe
[2:01:23] this is
[2:01:24] just a
[2:01:24] matter
[2:01:25] that we
[2:01:25] can
[2:01:25] consider
[2:01:26] or
[2:01:28] if
[2:01:29] we can
[2:01:30] also consider
[2:01:30] an amendment
[2:01:31] of the
[2:01:32] EPERA
[2:01:32] relative
[2:01:32] to
[2:01:33] systems
[2:01:34] losses
[2:01:35] of
[2:01:35] valuable
[2:01:36] transaction
[2:01:36] thank you
[2:01:41] and finally
[2:01:43] let's go to
[2:01:44] the independent
[2:01:45] electricity
[2:01:45] market
[2:01:46] operator
[2:01:47] engineer
[2:01:49] Robinson
[2:01:49] on this
[2:01:50] council
[2:01:50] president
[2:01:51] and CEO
[2:01:52] thank you
[2:01:53] madam
[2:01:53] chair
[2:01:54] the
[2:01:56] wholesale
[2:01:57] electricity
[2:01:57] spot
[2:01:58] market
[2:01:58] serves
[2:01:59] as the
[2:02:00] central
[2:02:00] venue
[2:02:01] for trading
[2:02:02] the
[2:02:02] electricity
[2:02:03] where the
[2:02:05] generators
[2:02:05] can sell
[2:02:06] their
[2:02:06] capacities
[2:02:07] and
[2:02:07] distribution
[2:02:09] utilities
[2:02:10] ECs
[2:02:11] rest
[2:02:11] and big
[2:02:13] customers
[2:02:14] can buy
[2:02:14] their
[2:02:16] part of
[2:02:16] their
[2:02:17] consumption
[2:02:17] mostly
[2:02:19] the
[2:02:19] consumption
[2:02:20] of
[2:02:20] these
[2:02:20] deals
[2:02:23] and
[2:02:23] ECs
[2:02:24] are
[2:02:24] covered
[2:02:24] by
[2:02:25] contract
[2:02:25] but
[2:02:25] in
[2:02:26] the
[2:02:26] spot
[2:02:26] market
[2:02:26] around
[2:02:27] historically
[2:02:28] around
[2:02:29] 15%
[2:02:30] to 25%
[2:02:31] is
[2:02:32] traded
[2:02:32] through
[2:02:32] the
[2:02:32] spot
[2:02:33] ito po
[2:02:33] importion
[2:02:34] na hindi
[2:02:34] covered
[2:02:35] ng
[2:02:35] kontrata
[2:02:36] ng
[2:02:36] mga
[2:02:36] utilities
[2:02:37] so
[2:02:38] the
[2:02:40] prices
[2:02:41] in the
[2:02:41] market
[2:02:42] nagbabago
[2:02:43] bago
[2:02:43] po yan
[2:02:43] depende
[2:02:44] sa oras
[2:02:45] at saka
[2:02:45] depende
[2:02:45] sa
[2:02:46] if it's
[2:02:47] summer
[2:02:47] or
[2:02:48] Christmas
[2:02:50] season
[2:02:51] po
[2:02:51] at
[2:02:52] apektado
[2:02:53] po
[2:02:53] yung preso
[2:02:54] ng mga
[2:02:55] biniyan
[2:02:57] sa
[2:02:57] merkado
[2:02:58] lalo
[2:03:00] lalo
[2:03:00] na
[2:03:00] pagmatas
[2:03:01] ang
[2:03:01] demand
[2:03:01] so
[2:03:02] kailangan
[2:03:02] po
[2:03:02] maraming
[2:03:03] generators
[2:03:04] na
[2:03:05] will
[2:03:07] be
[2:03:08] scheduled
[2:03:09] sa
[2:03:09] market
[2:03:09] because
[2:03:10] the
[2:03:12] manner
[2:03:14] that
[2:03:14] these
[2:03:14] generators
[2:03:15] are
[2:03:16] arranged
[2:03:17] po
[2:03:17] is
[2:03:17] unahin
[2:03:18] natin
[2:03:18] yung
[2:03:18] pinakamura
[2:03:19] ang
[2:03:19] offer
[2:03:20] sa
[2:03:20] market
[2:03:21] and
[2:03:21] then
[2:03:21] kung
[2:03:22] kailangan
[2:03:22] pa
[2:03:22] ng
[2:03:22] additional
[2:03:23] will
[2:03:24] call
[2:03:24] on
[2:03:24] the
[2:03:24] next
[2:03:24] which
[2:03:25] carries
[2:03:25] higher
[2:03:26] more
[2:03:27] expensive
[2:03:28] well
[2:03:29] higher
[2:03:29] price
[2:03:30] than
[2:03:30] the
[2:03:30] previous
[2:03:31] one
[2:03:31] so
[2:03:31] pag
[2:03:32] mataas
[2:03:32] ang
[2:03:32] demand
[2:03:32] mataas
[2:03:33] po
[2:03:33] ang
[2:03:33] presyo
[2:03:34] lalo
[2:03:35] na
[2:03:35] pag
[2:03:35] summer
[2:03:35] and
[2:03:36] then
[2:03:36] yung
[2:03:38] mga
[2:03:38] generators
[2:03:38] kasi
[2:03:39] should
[2:03:39] be
[2:03:40] available
[2:03:41] ito
[2:03:42] po
[2:03:42] kasi
[2:03:42] yung
[2:03:42] mga
[2:03:43] pinilano
[2:03:43] ng
[2:03:43] DOE
[2:03:44] na
[2:03:44] by
[2:03:44] this
[2:03:45] time
[2:03:45] ito
[2:03:45] na
[2:03:45] yung
[2:03:45] mga
[2:03:46] generators
[2:03:46] na
[2:03:46] nakapasok
[2:03:47] sa
[2:03:47] system
[2:03:49] so
[2:03:49] in
[2:03:50] real
[2:03:50] time
[2:03:50] pag
[2:03:51] merong
[2:03:51] mga
[2:03:51] generators
[2:03:52] na
[2:03:52] wala
[2:03:53] lalo
[2:03:53] lalo
[2:03:53] na
[2:03:54] kung
[2:03:54] ito
[2:03:54] yung
[2:03:54] base
[2:03:55] load
[2:03:56] tataas
[2:03:56] po
[2:03:56] yung
[2:03:56] presyo
[2:03:57] because
[2:03:57] yung
[2:03:59] magit
[2:04:00] nga
[2:04:00] po
[2:04:00] tatawag
[2:04:01] yung
[2:04:01] next
[2:04:01] plant
[2:04:02] ay
[2:04:02] yung
[2:04:02] available
[2:04:03] which
[2:04:03] carries
[2:04:04] a
[2:04:04] higher
[2:04:05] price
[2:04:05] and
[2:04:06] also
[2:04:07] sa
[2:04:07] transmission
[2:04:09] system
[2:04:10] kailangan
[2:04:11] po
[2:04:11] talaga
[2:04:11] na
[2:04:12] malakas
[2:04:14] ang
[2:04:14] transmission
[2:04:15] system
[2:04:16] at
[2:04:16] can
[2:04:18] export
[2:04:19] power
[2:04:20] from the
[2:04:20] generators
[2:04:21] to the
[2:04:21] US
[2:04:22] kaya
[2:04:22] po
[2:04:22] nagkakaroon
[2:04:23] ng
[2:04:23] major
[2:04:24] transmission
[2:04:25] line
[2:04:26] out
[2:04:26] is
[2:04:26] nagkakaroon
[2:04:27] din
[2:04:27] ng
[2:04:28] re-scheduling
[2:04:30] mga
[2:04:31] planta
[2:04:31] at
[2:04:31] tumatas
[2:04:32] yung
[2:04:32] presyo
[2:04:33] sa
[2:04:33] market
[2:04:34] so
[2:04:34] sa
[2:04:35] market
[2:04:36] po
[2:04:36] we
[2:04:37] implement
[2:04:38] yung
[2:04:39] collection
[2:04:40] ng VAT
[2:04:41] at
[2:04:41] EWT
[2:04:42] based
[2:04:43] sa
[2:04:44] National
[2:04:46] Internal
[2:04:47] Revenue
[2:04:47] Code
[2:04:48] but
[2:04:48] if
[2:04:49] the
[2:04:51] proposals
[2:04:54] are
[2:04:55] to
[2:04:56] exempt
[2:04:56] from
[2:04:56] the
[2:04:57] electricity
[2:04:57] from
[2:04:58] VAT
[2:04:58] collection
[2:04:59] we
[2:05:00] want
[2:05:03] to
[2:05:03] maintain
[2:05:03] our
[2:05:04] neutrality
[2:05:05] but
[2:05:06] of course
[2:05:06] we'll
[2:05:07] abide
[2:05:07] whatever
[2:05:08] is
[2:05:09] approved
[2:05:10] Madam
[2:05:11] Chair
[2:05:11] maraming
[2:05:12] salamat
[2:05:12] po
[2:05:13] thank you
[2:05:16] thank you
[2:06:02] for
[2:06:02] everyone's
[2:06:02] input
[2:06:03] I
[2:06:04] just
[2:06:04] want
[2:06:04] to
[2:06:04] make
[2:06:04] a
[2:06:05] closing
[2:06:05] statement
[2:06:06] before
[2:06:06] we
[2:06:07] suspend
[2:06:08] we're
[2:06:08] not
[2:06:08] going
[2:06:08] to
[2:06:08] adjourn
[2:06:09] this
[2:06:09] is
[2:06:09] really
[2:06:09] just
[2:06:10] the
[2:06:10] beginning
[2:06:10] of
[2:06:10] our
[2:06:10] discussions
[2:06:11] on
[2:06:11] all
[2:06:11] these
[2:06:12] issues
[2:06:12] so
[2:06:13] give
[2:06:14] me
[2:06:14] a
[2:06:14] moment
[2:06:14] to
[2:06:14] just
[2:06:15] pull
[2:06:15] out
[2:06:15] my
[2:06:15] notes
[2:06:16] okay
[2:07:52] so
[2:07:56] even
[2:07:56] even
[2:07:57] on
[2:07:57] the
[2:07:57] main
[2:07:58] topic
[2:07:58] which
[2:07:58] is
[2:07:59] yung
[2:07:59] how
[2:08:00] all
[2:08:01] of
[2:08:01] these
[2:08:01] charges
[2:08:02] affect
[2:08:02] our
[2:08:03] electricity
[2:08:03] bill
[2:08:04] medyo
[2:08:05] hindi
[2:08:05] pa
[2:08:05] nga
[2:08:05] natin
[2:08:06] na
[2:08:06] cover
[2:08:08] lahat
[2:08:08] but
[2:08:08] we've
[2:08:09] already
[2:08:09] started
[2:08:10] with a
[2:08:10] very
[2:08:10] good
[2:08:10] discussion
[2:08:11] everyone
[2:08:12] wala
[2:08:13] yatang
[2:08:13] may
[2:08:13] isang
[2:08:13] tao
[2:08:14] dito
[2:08:14] na
[2:08:14] nagsabi
[2:08:14] naman
[2:08:15] ayaw
[2:08:16] natin
[2:08:16] bumaba
[2:08:16] ang
[2:08:17] presyo
[2:08:17] ng
[2:08:17] kuryente
[2:08:18] lahat
[2:08:19] naman
[2:08:19] nagkakaisa
[2:08:19] doon
[2:08:20] ang tanong
[2:08:20] na lang
[2:08:21] is
[2:08:21] papaano
[2:08:22] papaano
[2:08:23] gagawin
[2:08:23] yun
[2:08:23] ano yung
[2:08:24] mga
[2:08:24] low
[2:08:24] hanging
[2:08:24] fruit
[2:08:25] ako
[2:08:25] kasi
[2:08:25] gusto
[2:08:26] ko
[2:08:26] parating
[2:08:26] ano yung
[2:08:27] madali
[2:08:27] gawin
[2:08:27] na
[2:08:27] natin
[2:08:28] kaagad
[2:08:28] diba
[2:08:28] or
[2:08:29] ano
[2:08:29] ano
[2:08:29] naman
[2:08:30] yung
[2:08:30] huwag
[2:08:30] essential
[2:08:31] yan
[2:08:31] ituloy
[2:08:32] natin
[2:08:32] yung
[2:08:33] program
[2:08:33] yan
[2:08:33] kasi
[2:08:34] napaka
[2:08:34] importante
[2:08:35] like
[2:08:35] for
[2:08:35] example
[2:08:35] the
[2:08:35] lifeline
[2:08:36] wala
[2:08:36] naman
[2:08:37] din
[2:08:37] siguro
[2:08:37] magsasabi
[2:08:37] na huwag
[2:08:38] natin
[2:08:38] tulungan
[2:08:38] yung
[2:08:39] pinakamahirap
[2:08:39] sa lahat
[2:08:40] ng
[2:08:40] sektor
[2:08:41] natin
[2:08:41] diba
[2:08:42] so
[2:08:42] we want
[2:08:43] to
[2:08:43] preserve
[2:08:43] that
[2:08:43] and
[2:08:43] the
[2:08:43] impact
[2:08:44] is
[2:08:44] 5
[2:08:44] pesos
[2:08:45] so
[2:08:45] yan
[2:08:46] naman
[2:08:46] napaka
[2:08:47] importante
[2:08:47] naman
[2:08:48] sa ating
[2:08:48] mga
[2:08:48] kababayan
[2:08:49] na
[2:08:49] everyday
[2:08:52] is a
[2:08:52] struggle
[2:08:52] to even
[2:08:53] survive
[2:08:53] so
[2:08:54] the chairman
[2:08:55] respectfully
[2:08:56] submits
[2:08:57] that
[2:08:57] kailangan
[2:08:58] natin
[2:08:59] mapreserve
[2:08:59] yun
[2:08:59] and
[2:09:00] kung
[2:09:00] pwede
[2:09:00] pa nga
[2:09:01] sanang
[2:09:01] madagdagan
[2:09:01] ng
[2:09:02] konti
[2:09:02] kasi
[2:09:02] yung
[2:09:03] 100%
[2:09:04] na
[2:09:04] kinocover
[2:09:04] na
[2:09:05] 50
[2:09:05] kilowatts
[2:09:06] medyo
[2:09:07] maliit
[2:09:08] lang
[2:09:08] hindi
[2:09:09] napakaraming
[2:09:11] appliances
[2:09:12] sa bahay
[2:09:12] ang
[2:09:12] nakocover
[2:09:13] niyan
[2:09:13] talagang
[2:09:13] sobrang
[2:09:14] basic
[2:09:14] lang
[2:09:14] doon
[2:09:16] naman
[2:09:16] sa
[2:09:17] pag
[2:09:18] exempt
[2:09:19] sa
[2:09:19] VAT
[2:09:20] for the
[2:09:20] sale
[2:09:21] of
[2:09:21] electricity
[2:09:21] by
[2:09:22] generation
[2:09:22] transmission
[2:09:23] distribution
[2:09:23] including
[2:09:25] services
[2:09:25] by
[2:09:26] franchise
[2:09:26] grantees
[2:09:27] ang
[2:09:27] sabi
[2:09:27] ng
[2:09:28] DOF
[2:09:29] this is
[2:09:29] 84
[2:09:30] to
[2:09:30] 106
[2:09:31] billion
[2:09:32] pesos
[2:09:32] ang
[2:09:33] impact
[2:09:33] noon
[2:09:33] no
[2:09:34] you say
[2:09:34] Carlo
[2:09:35] tama ba
[2:09:35] yung sinabi ko
[2:09:36] 84
[2:09:36] to
[2:09:37] 106
[2:09:37] billion
[2:09:37] pesos
[2:09:38] ako po
[2:09:39] ay
[2:09:39] nag-chair
[2:09:39] na rin
[2:09:40] ng
[2:09:40] sub
[2:09:41] committees
[2:09:42] ng
[2:09:42] committee
[2:09:44] on
[2:09:44] finance
[2:09:44] in the
[2:09:45] senate
[2:09:45] and
[2:09:46] I can
[2:09:46] tell
[2:09:46] you
[2:09:46] na
[2:09:46] yung
[2:09:47] 84
[2:09:47] to
[2:09:48] 100
[2:09:49] billion
[2:09:49] malaki
[2:09:50] talaga
[2:09:50] ang
[2:09:50] impact
[2:09:50] noon
[2:09:51] sa
[2:09:51] education
[2:09:51] sa
[2:09:52] health
[2:09:53] social
[2:09:54] services
[2:09:55] malaking
[2:09:55] impact
[2:09:56] yun
[2:09:56] so
[2:09:57] hindi
[2:09:59] rin
[2:09:59] ako
[2:09:59] mahilig
[2:09:59] magpasa
[2:10:00] ng
[2:10:00] bill
[2:10:00] na
[2:10:01] mabivito
[2:10:01] lang
[2:10:01] ng
[2:10:02] administration
[2:10:03] kasi
[2:10:03] sayang
[2:10:04] lang din
[2:10:04] ang
[2:10:04] oras
[2:10:05] nating
[2:10:05] lahat
[2:10:05] so
[2:10:06] kailangan
[2:10:06] pag
[2:10:06] aralan
[2:10:07] ng
[2:10:07] mabuti
[2:10:07] ito
[2:10:07] na
[2:10:07] can
[2:10:08] we
[2:10:08] exempt
[2:10:09] na
[2:10:09] lang
[2:10:09] meron
[2:10:10] bang
[2:10:10] portions
[2:10:11] or
[2:10:12] yung
[2:10:12] sectors
[2:10:13] na
[2:10:13] pwedeng
[2:10:14] target
[2:10:14] in
[2:10:15] so
[2:10:15] there
[2:10:16] were
[2:10:16] some
[2:10:17] suggestions
[2:10:17] also
[2:10:17] and
[2:10:18] there's
[2:10:18] actually
[2:10:18] a
[2:10:18] bill
[2:10:18] on
[2:10:19] VAT
[2:10:19] exemption
[2:10:20] dun
[2:10:21] sa
[2:10:21] ibang
[2:10:22] like
[2:10:22] the
[2:10:22] subsidy
[2:10:23] you
[2:10:23] know
[2:10:23] that
[2:10:23] there's
[2:10:26] a bill
[2:10:26] like
[2:10:26] that
[2:10:26] right
[2:10:26] yeah
[2:10:27] so
[2:10:27] those
[2:10:28] are
[2:10:28] the
[2:10:28] ones
[2:10:28] that
[2:10:28] again
[2:10:29] we
[2:10:29] can
[2:10:29] consider
[2:10:29] kasi
[2:10:30] limited
[2:10:30] yun
[2:10:31] mas
[2:10:31] maliit
[2:10:31] yung
[2:10:32] mas
[2:10:34] maliit
[2:10:35] ang
[2:10:35] tatamaan
[2:10:36] revenues
[2:10:37] ng
[2:10:37] gobyerno
[2:10:38] pag
[2:10:38] doon
[2:10:39] tayo
[2:10:39] nag
[2:10:39] focus
[2:10:39] I'm
[2:10:40] not
[2:10:40] saying
[2:10:40] that's
[2:10:41] what
[2:10:41] we're
[2:10:41] going
[2:10:41] to
[2:10:41] do
[2:10:41] I'm
[2:10:42] just
[2:10:42] trying
[2:10:43] to
[2:10:43] put
[2:10:44] together
[2:10:44] the
[2:10:44] different
[2:10:45] inputs
[2:10:45] that
[2:10:45] we're
[2:10:45] getting
[2:10:46] based
[2:10:46] also
[2:10:47] on
[2:10:47] the
[2:10:47] bills
[2:10:52] my
[2:10:52] major
[2:10:52] takeaway
[2:10:53] yung
[2:10:54] isang
[2:10:54] major
[2:10:54] takeaway
[2:10:55] ko
[2:10:55] rin
[2:10:55] is
[2:10:56] yung
[2:10:58] paulit
[2:10:58] ulit
[2:10:58] na
[2:10:59] sinabi
[2:10:59] ng
[2:10:59] ating
[2:11:00] mga
[2:11:00] government
[2:11:01] agencies
[2:11:01] and even
[2:11:02] some
[2:11:02] from the
[2:11:03] private
[2:11:03] sector
[2:11:03] that
[2:11:04] pagka
[2:11:07] like
[2:11:08] yung
[2:11:08] sa
[2:11:08] systems
[2:11:09] losses
[2:11:09] tinanggal
[2:11:10] natin
[2:11:10] yun
[2:11:11] ang
[2:11:11] gagawin
[2:11:12] lang
[2:11:12] naman
[2:11:12] ng
[2:11:12] companies
[2:11:13] is
[2:11:14] babawiin
[2:11:15] nila
[2:11:15] yung
[2:11:15] gastos
[2:11:17] nila
[2:11:17] doon
[2:11:18] na
[2:11:18] hindi
[2:11:18] na
[2:11:18] sila
[2:11:18] nagkaroon
[2:11:19] ng
[2:11:19] subsidy
[2:11:19] babawiin
[2:11:21] na
[2:11:21] lang
[2:11:21] nila
[2:11:21] tatasan
[2:11:21] din
[2:11:22] nila
[2:11:22] yung
[2:11:22] presyo
[2:11:22] so
[2:11:23] ganun
[2:11:23] din
[2:11:24] mataas
[2:11:24] din
[2:11:25] yung
[2:11:25] presyong
[2:11:25] kalalabasan
[2:11:26] so
[2:11:26] these
[2:11:27] are
[2:11:27] realities
[2:11:28] na
[2:11:28] sinasabi
[2:11:30] na
[2:11:30] nila
[2:11:30] mismo
[2:11:31] dito
[2:11:31] sa
[2:11:31] hearing
[2:11:31] natin
[2:11:32] na
[2:11:32] tatanggalin
[2:11:33] mo
[2:11:33] in
[2:11:33] one
[2:11:33] way
[2:11:33] pero
[2:11:34] they
[2:11:34] will
[2:11:35] find
[2:11:35] a
[2:11:35] way
[2:11:35] to
[2:11:36] charge
[2:11:36] it
[2:11:36] to
[2:11:36] the
[2:11:36] consumer
[2:11:37] in
[2:11:37] another
[2:11:37] way
[2:11:37] so
[2:11:38] we
[2:11:38] really
[2:11:38] want
[2:11:39] to
[2:11:39] have
[2:11:39] these
[2:11:39] candid
[2:11:40] discussions
[2:11:40] kasi
[2:11:41] ayaw
[2:11:41] naman
[2:11:41] natin
[2:11:42] makipaglokohan
[2:11:42] parang
[2:11:43] tatayo
[2:11:44] ako
[2:11:44] babandera
[2:11:52] other
[2:11:52] way
[2:11:53] we
[2:11:53] don't
[2:11:53] want
[2:11:53] that
[2:11:53] to
[2:11:53] happen
[2:11:54] we
[2:11:55] want
[2:11:55] to
[2:11:55] be
[2:11:55] very
[2:11:56] candid
[2:11:56] technical
[2:11:57] man
[2:11:57] at
[2:11:57] maniwala
[2:11:58] kayo
[2:11:58] na
[2:11:58] technical
[2:11:59] lang
[2:11:59] din
[2:11:59] ako
[2:12:00] have
[2:12:00] to
[2:12:00] study
[2:12:01] it
[2:12:01] very
[2:12:01] carefully
[2:12:02] we
[2:12:02] will
[2:12:03] continue
[2:12:03] to
[2:12:03] dialogue
[2:12:04] with
[2:12:04] all
[2:12:04] of
[2:12:04] you
[2:12:05] we
[2:12:06] will
[2:12:06] have
[2:12:06] a
[2:12:06] next
[2:12:06] hearing
[2:12:07] wherein
[2:12:08] siguro
[2:12:09] by
[2:12:09] charge
[2:12:11] naman
[2:12:11] tayo
[2:12:11] each
[2:12:12] charge
[2:12:12] hihimayin
[2:12:13] natin
[2:12:13] I want
[2:12:14] you
[2:12:14] to
[2:12:14] come
[2:12:14] full
[2:12:14] force
[2:12:15] pa
[2:12:15] rin
[2:12:15] kasi
[2:12:15] kahit
[2:12:16] isang
[2:12:16] charge
[2:12:16] pinag-iusapan
[2:12:17] natin
[2:12:18] baka
[2:12:18] mamaya
[2:12:19] yung
[2:12:19] sinusupport
[2:12:20] yung
[2:12:20] issue
[2:12:20] kayo
[2:12:21] naman
[2:12:21] ang
[2:12:21] tinamaan
[2:12:22] so
[2:12:23] I
[2:12:25] request
[2:12:27] for your
[2:12:27] indulgence
[2:12:28] na
[2:12:28] mahimay
[2:12:29] natin
[2:12:29] ito
[2:12:30] nang
[2:12:30] makahanap
[2:12:31] tayo
[2:12:31] ng
[2:12:31] solusyon
[2:12:31] sa
[2:12:32] lalong
[2:12:32] madaling
[2:12:32] paraan
[2:12:33] ayaw
[2:12:33] natin
[2:12:33] na
[2:12:34] makabalita
[2:12:34] pa
[2:12:35] tayo
[2:12:35] at
[2:12:35] mangyayari
[2:12:36] pa
[2:12:36] yun
[2:12:36] at
[2:12:37] napakalungkot
[2:12:37] na
[2:12:38] mga
[2:12:38] mamatay
[2:12:39] dahil
[2:12:40] sa
[2:12:40] nagka
[2:12:40] brown
[2:12:41] out
[2:12:41] dahil
[2:12:42] sa
[2:12:42] walang
[2:12:43] kuryente
[2:12:44] o
[2:12:44] dahil
[2:12:44] sa
[2:12:45] hindi
[2:12:45] nakabagbayad
[2:12:46] ng
[2:12:46] kanyang
[2:12:46] electricity
[2:12:48] bill
[2:12:48] tapos
[2:12:49] yung
[2:12:49] essential
[2:12:49] na
[2:12:50] services
[2:12:50] na
[2:12:50] dapat
[2:12:50] makarating
[2:12:51] sa
[2:12:51] kanya
[2:12:51] eh
[2:12:52] hindi
[2:12:52] nakarating
[2:12:53] ayaw
[2:12:54] natin
[2:12:54] makarinig
[2:12:55] yun
[2:12:55] so
[2:12:55] we
[2:12:56] really
[2:12:56] just
[2:12:56] have
[2:12:56] to
[2:12:57] work
[2:12:57] hard
[2:12:57] to
[2:12:57] find
[2:12:58] the
[2:12:58] solutions
[2:12:58] to
[2:12:58] all
[2:12:59] of
[2:12:59] this
[2:12:59] I
[2:13:03] think
[2:13:03] we
[2:13:03] will
[2:13:03] end
[2:13:03] on
[2:13:03] that
[2:13:04] note
[2:13:04] 2.21
[2:13:05] pa
[2:13:05] lang
[2:13:05] so
[2:13:05] makakabalik
[2:13:06] pa
[2:13:06] kayo
[2:13:06] sa
[2:13:07] opisina
[2:13:07] nyo
[2:13:07] at
[2:13:08] makakapag
[2:13:09] session
[2:13:09] pa
[2:13:09] thank
[2:13:11] you
[2:13:11] for
[2:13:11] everyone's
[2:13:12] kind
[2:13:12] indulgence
[2:13:13] for
[2:13:13] the
[2:13:13] time
[2:13:14] and
[2:13:14] I
[2:13:14] hereby
[2:13:15] suspend
[2:13:16] this
[2:13:16] hearing
[2:13:16] until
[2:13:17] the
[2:13:17] next
[2:13:17] one
[2:13:17] thank
[2:13:18] you
[2:13:18] so
[2:13:18] much