![[ANALYSIS] Why do we pay higher power rates when we have power outages?](https://i.headtopics.com/images/2024/7/15/rapplerdotcom/analysis-why-do-we-pay-higher-power-rates-when-we--analysis-why-do-we-pay-higher-power-rates-when-we--9E6DC6A665CD833D2158E3AD27C2CEEC.webp)
Beyond the question of supply and demand, this is a matter of electing competent and knowledgeable lawmakers to our congressional committees, as well as appointing energy policymakers and regulators who are not confined to simply monitoring and...
This is AI generated summarization, which may have errors. For context, always refer to the full article.Beyond the question of supply and demand, this is a matter of electing competent and knowledgeable lawmakers to our congressional committees, as well as appointing energy policymakers and regulators who are not confined to simply monitoring and gatekeeping
But let us take a deeper dive than simply citing a theoretical law. This is important. Those impacted run the gamut from victimized households to foreign investors who consider our power costs as a serious detrimental factor against better options offered elsewhere in the region. These concerns are important in the broader context of attracting external equity capital to develop and expand power generating supply; alleviate the pressures of unemployment recently bloated by the adverse impact of the El Niño phenomenon; and the continuing fall of the peso amid high inflation, myopic importation policies that bloat the demand for dollars and other macroeconomic concerns.
In 2013, the shutdown of the Malampaya gas fields forced distribution utilities to purchase the resulting shortfall from the Whole Electricity Spot Market where the laws of supply and demand and its unique margin-pricing protocols invariably compel higher power rates in times of shortages. The following year, the ERC imposed a cap on WESM pricing as a desperate stop-gap measure. The issue was taken to court and in 2022, the Supreme Court nullified the ERC’s imposition of the WESM price cap.
Would it be so hard to ask our energy officials to compute for their baselines and ascertain dependable capacities and against that, further compute for Loss-of-Load-Expectations for both ancillary and market reserves? These computations are normal protocols in other energy jurisdictions except the Philippines.
Energy Industry Foreign Investments In The Philippines Power And Water Power Interruptions In The Philippines Thought Leaders Business Industries Voices
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coal to supply PH power needs beyond 2030Defining the News
Read more »
Beyond the Prison GatesInmates or persons deprived of liberty are released frequently. But after spending time in detention, how do they pick up where they left off?
Read more »
Marcos aware of need to go beyond diplomatic protests vs ChinaAfter nearly two years of dealing with repeated skirmishes in the West Philippine Sea, President Ferdinand Marcos Jr. believes the Philippines must do more than file diplomatic protests to address Chinese vessels' aggression at sea.
Read more »
Sharp innovation and beyondSHARP (Philippines) showcased its comprehensive product line at the Conrad Manila Hotel during its media conference and dealers' appreciation night. This event served as a testament to Sharp's enduring presence in the market, reassuring consumers that it would continue to offer a wide range of products to enhance and elevate the modern home.
Read more »
Beyond Einstein: ChatGPT revolution in human potentialArtificial intelligence (AI) has rapidly evolved from a speculative concept in science fiction to an integral part of our everyday lives. As AI technologies, like OpenAI’s ChatGPT, continue to advance, their impact on society becomes increasingly profound and multifaceted.
Read more »
Love bridges beyond billboardsDefining the News
Read more »