Get ready to pay more for power, Palace tells Mindanaons By Rocky Nazareno 03/31/2012

Get ready to pay more for power, Palace tells Mindanaons

By Rocky Nazareno 03/31/2012

After years of enjoying subsidized power from the government, Mindanaons will now have to shoulder higher power costs due to the sudden need to construct new power plants or bring in additional power barges.

This was disclosed by presidential spokesman Edwin Lacierda yesterday amid reports that the Energy Regulation Commission (ERC) has already allowed the state-run National Power Corp. (Napocor) to increase its generation charges in Luzon, the Visayas and, worse, in Mindanao which is already reeling from widespread brownouts.

“Mindanao enjoys the lowest energy power rates because of its hydro and, in fact, that’s the reason even when the Epira (Electric Power Industry Reform Act) was enacted, they exempted Mindanao from privatization,” Lacierda told a press briefing..... MORE

Source:  The Daily Tribune

URL: http://www.tribuneonline.org/headlines/20120331hea3.html