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PIA Press Release
2006/10/12

PGMA orders DOE to look into price manipulation reports in power sector


Pres. Arroyo
Cebu City (12 October) -- "Reports of price manipulation are unacceptable. For the benefit of the people, this government will continue to find ways to stabilize power rates and ensure the protection of consumers."

President Gloria Macapagal-Arroyo instructed the Department of Energy (DOE) and other government agencies concerned to look into the allegations of price manipulation in the power sector and to ensure that consumers will not be taken advantage of.

Mrs. Arroyo issued the statement this morning to over 2,000 barangay officials nationwide as she delivered her keynote address during the 8th National Convention of the Liga ng mga Barangay.

The President said government has mapped out preemptive measures against shortages and brownouts in the future. When culpability is established, they (price manipulators) should not go unpunished, the President stressed.

Pres. Aroyo asked the support of barangay officials to help allay the high costs of electricity in the provinces by asking electric cooperatives not to profit too much on power rates. Electricity in the province is mostly run by electric cooperatives, Arroyo declared.

In spite of the reasonable power rates given by independent power producers, power prices demanded by electric cooperatives are a bit costly, the President revealed.

Meanwhile, Pres. Arroyo conferred the Presidential Award and Citation to Korean Electric Power Corp. (Kepco) chairman and chief executive officer Mr. Joon Ho-Han for his significant contributions to the government's barangay electrification program.

The Presidential Award was given at the Provincial Capitol Social Hall before Gov. Gwen Garcia and about 300 guests composed of town mayors and other local officials and business leaders of Cebu.

Pres. Arroyo also witnessed the signing of the memorandum of agreement between the Cebu Provincial Government and Kepco Phils. for the province's barangay electrification project.

After her speech before members of the Liga ng mga Barangay's annual convention at Cebu City Waterfront Hotel, the President immediately motored to the Provincial Capitol for her second engagement and had lunch with Gov. Garcia and other officials in celebration of Garcia's birthday.

The President has also been invited by the Governor to Badian Island Resort and Spa in Badian, 97 kms. south of Cebu for her private birthday celebration. En route to the resort, the President will conduct an aerial inspection of the completed Banco-banco Bridge in Badian.

Pres. Arroyo will stay overnight in Badian and fly the next morning to northern Danao City to inaugurate the bus terminal cum public market. (PIA-Cebu/FCR) [top]

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