00:00The National Grid Corporation of the Philippines, or NGCP, explained that the production of electricity
00:07has become expensive since the Ancillary Service Reserve Market, or the sale of electricity reserves.
00:13According to the NGCP, the electricity reserve of January 2024 was P23 per kWh.
00:20It increased to P59 per kWh when the reserve market was established in February 2024.
00:27This is how the Ancillary Service Reserve Market used to be, almost not affected by the electric bill.
00:33The NGCP also insisted that there is no threat to the security of the country,
00:37the participation of the Chinese government in their operation.
00:43My fellow Filipinos, be the first to watch.
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00:57The National Grid Corporation of the Philippines
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