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Join date : 2011-05-23
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Location : Lubao, Pampanga
|Subject: 7,869 Megawatts of Electricity Fri Sep 16, 2011 11:20 am|| |
At present, there is an oversupply of energy in the country, but Filipino consumers have to pay them in the form of purchased power cost adjustment (PPCA). While installed capacity totals 12,694 megawatts, the country's average daily power demand is only 7,869 megawatts.
For example, an ordinary Filipino home charged with P1,220 in monthly electricity bill actually paid P650 for the PPCA in April, 2002. The country's most profitable company was power producer Mirant Philippines Corp., a subsidiary of an Atlanta-based energy firm that registered a net income of P8.5 billion in 2001.
As of May 2002, the country's power rate was said to be the second most expensive in Asia. A subsequent reduction in PPCA charges eventually made the Philippines sixth in the list.
For the whole of 2001, the country consumed 46,119 million kilowatt hours (gigawatt hours), or 1.8 percent higher than 45,290 gigawatt hours consumed in 2000.