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    Posted January 3, 2014 by

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    Philippines moves vs power rates

    PHILIPPINE President Benigno Aquino III on Friday ordered concerned agencies to find ways to bring down power rates that have been creating ripples among consumers in Metro Manila.
    Deputy presidential spokesperson Abigail Valte told reporters in a press briefing that the government's hands will not be tied by business interests as it looks for solutions to the problem.
    "It's a cause of concern. The President has already given instructions to relevant agencies to see what they can do," Valte said.
    She reiterated that the government is open to any initiative to amend the Electric Power Industry Reform Act (EPIRA) of 2001.
    However, Valte said the government will also have to scrutinize various suggested solutions before it can get fully on board.
    She noted that the government is not allowed to run its own power plants because of the EPIRA Law.
    "The EPIRA prevents government from being a power generator," she said. "While you believe the executive (department) has so much perceived power, we are limited by what the law says. There is no magic wand to wave."

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