01 March 2003
One year ago, Pres. Gloria Macapagal Arroyo promised to bring down the cost of electricity by reducing the purchased power adjustment (PPA) by 30 centavos. It was her desperate move then to douse off people’s opposition against the omnibus power bill. But the PPA reduction then was not even felt. First, it was implemented for only a month. Second, the PPA got even higher each month.
Now, with growing public unrest against PPA, GMA is making yet another promise.
Just two days ago, GMA announced that she would bring down the cost of electricity by reducing the PPA to 40 centavos per kilowatthour consumed. This time, it will be a fixed amount for twenty years.
The problem is, such promise is obviously illusory.
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