P3.5-B yearly subsidy eyed for lifeline power consumers
Consumers served by electric cooperatives that are classified as ‘lifeliners’ had been proposed to receive discounts worth P1,000.00 annually on their electric bills– or for all 3.5 million of these customers to be funneled with P3.5 billion subsidy on a yearly basis.
In a span of the targeted 20-year extension or from June 26, 2021 to June 25, 2041; it is seen that the total worth of subsidies to be earmarked for the EC customers alone would hover at a mammoth P70 billion. For the Philippine Independent Power Producers Association Inc. , the group proposed that the lifeline subsidy extension be shortened instead of the targeted 20 years – and Gatchalian expressed concurrence with that recommendation.
Nevertheless, he raised the concern of subsidizing customer sub-segments, like the businesses, that “the lifeline subsidy add-on has contributed to making them uncompetitive in the international market.”
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