The Philippine Chamber of Commerce and Industry welcomed the removal of the system loss charge and the related VAT from electricity bills, but emphasized that deeper reforms are needed to reduce consumer and industry costs. These changes provide immediate relief, yet the organization stresses that a broader overhaul is essential for lasting impact.
The chamber noted that high energy prices undermine the country's competitiveness in attracting investment. Elevated costs affect both consumers and businesses, limiting growth opportunities.
PCCI Director for Energy and Power highlighted the need for a comprehensive overhaul of power bill charges, citing the importance of rationalizing other fees. The current structure is seen as a barrier to efficient market functioning.
The organization urged diversification of the energy mix, including increased use of natural gas, renewables, energy storage, hydrogen, and nuclear technologies. Expanding these sources can reduce reliance on imported fuels.
It also called for reliable baseload supply to support manufacturing and investment, and for efficient regulation and markets, including transitioning from subsidies to competitive procurement. A stable supply chain is essential for industrial growth.
Finally, the chamber stressed the importance of unlocking domestic energy resources to reduce reliance on imports. Efforts to develop local reserves could strengthen energy security.
