nonoy aquino

PRESIDENT BENIGNO AQUINO: Mindanaoans should pay higher power rates

President Benigno S. Aquino III expresses his views during the Mindanao Power Summit at the Waterfront Insular Hotel in Davao City Friday (April 13, 2012). The Summit serves as a venue to present the overview of the real Mindanao power situation, generate and discuss consensus attendant to the power problem and the corresponding immediate solutions, and assure the general public of definitive measures taken not just by the government but also by the power stakeholders. Also in photo are Mindanao Development Authority (MinDA) Chairperson Luwalhati Antonino, Energy Secretary Jose Rene Almendras and Transportation and Communications Secretary Manuel Roxas II. (PNA)

President Benigno Aquino III on Friday set the ultimatum to Mindanao residents: pay more or live with insufficient energy and rotating brownouts.

“What we need to realize is that the old days of cheap power are no longer sustainable, but we can maintain reasonable power rates. And you must also put in your fair share in solving this problem,” Aquino said in his speech during the Mindanao Power Summit in Davao City.

“Sa Tagalog po, ‘Ambag ambag tayo dito,’” he added.

The president explained that the increase in the electric bill will be used to provide incentives for businesses to come to Mindanao and put up more power plants there.

“You have to pay more because this is the reality of economics, not the rhetoric of politics. Everything has its price. We have to pay a real price for a real service,” he said.

Aquino said Mindanaoans may have to pay an additional fifty to sixty centavos per kilowatt hour which is in contrast to some claims that residents need to pay up to 14 pesos more per kilowatt hour.

The president further justified that the hike will not just help provide sufficient energy but it could attract investments and create jobs, and secure the future of the region.

“The dream is that, by the time I step down in 2016, this energy situation will be one less worry in the minds of Mindanaoans and investors in Mindanao alike—that by then, I can truthfully say that I left you in very good hands and in a very better state than what I have found,” he said.

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