00:00The NGCP insisted that the participation of the Chinese government in their operation is not a threat to the security of the country.
00:08It also explained one of the effects of the high price of electricity.
00:14And Maki Polido was able to point it out.
00:20No matter how much they save, Aurora, in using electricity in their rice fields, their electric bill is still high.
00:26If you save money, it will go to electricity.
00:30It looks like they will have to pay more for electricity.
00:34According to the National Grid Corporation of the Philippines,
00:37since the existence of the Ancillary Service Reserve Market, the price of electricity has increased.
00:44In January 2024, the price of electricity was 23 centavos per kilowatt hour.
00:49It increased to 59 centavos per kilowatt hour when the Reserve Market was established in February 2024.
00:55This is the new normal for the shortage of the Ancillary Service, which was previously barely felt in the electric bill.
01:02Because of the opening of the Reserve Market,
01:05we saw an increase in the shortage of the Ancillary Service
01:09to the point that the NGCP is charging more for the Ancillary Services
01:16that are going to the generators
01:18compared to what the NGCP is collecting for itself.
01:24The facilities of the NGCP is a private corporation that supplies electricity
01:29from plants to electricity consumers.
01:32Forty percent of this is owned by the State Grid Corporation of China.
01:36Chinese is the chairman of the board of the NGCP,
01:38as well as four out of ten members of its board.
01:41The question was raised in the hearing of the camera
01:43about the participation of NGOs in the management and operation of NGOs in the NGCP.
01:48They are not management.
01:50They are representatives of the stockholders.
01:52So it is not a management role.
01:55It is not an officer role.
01:58Because part of the NGCP is owned by the government of China,
02:01its share is already in the National Security of the country.
02:05But the NGCP is stubborn.
02:06It will not just stop the flow of electricity.
02:10The operating network of the NGCP is not connected to the internet.
02:14There is no single button that you press to brown out the entire Philippines.
02:21There is also no remote meaning that you can control outside of the facility.
02:27For GMA Integrated News, Macky Pulido in Tutok, 24 Hours.
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