'It’s time for action now.'
The quinta-comm--also known as the Murang Pagkain Super-committee--will soon shift to hearings that will look for solutions to the high cost of electricity in the country, it's overall chairman Albay 2nd district Rep. Joey Salceda said.The quinta-comm--also known as the Murang Pagkain Super-committee--will soon shift to hearings that will look for solutions to the high cost of electricity in the country, it's overall chairman Albay 2nd district Rep. Joey Salceda said.
This was bared Friday, Dec. 20 by Salceda in response to instructions given by no less than House Speaker Martin Romualdez for the super-committee to go after price excesses in the power sector next. He said the panel will be taking up issues that have already a clear way forward. The includes the Energy Regulatory Commission's finding of some ₱206 billion in disallowed public relations, advertising, and other expenses in the 2016-2020 period, when system operator National Grid Corporation of the Philippines collected in excess of allowed annual revenues. In the distribution sector, when utilities collect in excess of allowed revenues, they usually refund the excess collections without much issue.
"Moving forward, the Speaker has also given instructions to study windfall taxes on excessive profits by power sector participants and plow such resources into consumer refunds and Pantawid Kuryente," Salceda said. The quinta-comm has carried out three hearings so far, with all three mainly on the subject of the high cost of rice despite Malacañang's recent move of slashing rice import tariffs from 35 percent to 15 percent.
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