00:00Expect a stronger supply and a stronger supply of electricity.
00:06This is also in line with the investment of the Maharlika Investment Corporation in the National Grid Corporation of the Philippines or NGCP.
00:15This means that the NGCP's project will be carried out correctly and quickly.
00:23This is Claycel Pardilian of PTV for Pambansa Live.
00:29Expect a stronger supply and a stronger supply of electricity.
00:33This is also in line with the investment of the Maharlika Investment Corporation in the National Grid Corporation of the Philippines or NGCP.
00:44This is also in line with the investment of the Maharlika Investment Corporation in the National Grid Corporation of the Philippines or NGCP.
00:52This is also in line with the investment of the Maharlika Investment Corporation in the National Grid Corporation of the Philippines or NGCP.
01:01The NGCP is a private corporation that runs the power grid of the country and distributes electricity to plants and power distributors such as Meralko.
01:11The Maharlika Investment Corporation will be given two seats by the board of the NGCP.
01:16According to the Energy Department and MIC, the administration of President Ferdinand R. Marcos Jr. will ensure that the NGCP's project will be carried out correctly and quickly.
01:28This is important so that there will be a stronger supply and a stronger supply of electricity.
01:34For example, the DOE, after the Mindanao-Visayas Interconnection Project of 2024,
01:39reduced the price of electricity to a cheaper price and reduced the electricity spot market price in Luzon, Visayas, and Mindanao from P1 to P2.
01:50It can actually contribute to lowering prices because it addresses the constraints, the transmission constraints that drive prices up.
02:02So, as we roll out more of these projects, then there will be a stronger supply of electricity.
02:17And because the NGCP is now a part of the government, there will be transparency and it will be seen if there are or if there are real threats that could damage the signal of electricity.
02:30Aside from ensuring supply and helping to reach the price of electricity, the government also expects to earn P1.24 billion per year from the NGCP.
02:41The government will invest in the electricity that the McCarlick Investment Corporation earns
02:47because of the high supply and low price of electricity.
02:52That is the latest news. Back to you, Alan.
02:57Thank you very much, Claysel Pardilia of PTV.
