00:01Meralko Chairman Manny V. Pangilinan warns the Philippine power industry may not survive if system loss charges from electricity bills
00:07are removed in full.
00:09This after President Ferdinand Marcos Jr. said in his State of the Nation address that system loss charges should not
00:15be passed on to the consumer.
00:16Pangilinan did not say yes when asked if he would execute the order but says he wanted to talk to
00:21Marcos first.
00:22He adds Meralko's distribution rate had been unchanged since July 2015 and the recent increases in electricity bills come from
00:29other parts of the power supply chain.
00:40Pangilinan also expresses support for Marcos' push to reduce electricity rates but adds the causes of the sudden rise in
00:46electricity must be addressed first.
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