Philippine Collegian Issue 21

Page 1

TAON 91

3

BILANG 21

MARTES, ENERO 21, 2014

UPCAT edges out the poor—study group Balita

6

Power Tripping

The shocking price of electricity under EPIRA Lathalain

8

Panata’t Paglaya:

Kasaysayan at Pulitiko ng Himala ng Nazareno Kultura

Ronn Joshua C. Bautista THE PHILIPPINES IS NOTORIOUS for holding world records—ranging from the most mundane to the most outrageous. In fact, for the past years, the country has held one particular record that beats even countries like South Korea and Singapore.

Power Tripping

The shocking price of electricity under EPIRA

Before losing to Japan only last year, the Philippines was infamous for having the highest power rates in Asia after beating countries like Taiwan and Australia in 2011. Until now, the Philippines’ electricity still ranks among the world’s most expensive. This year, Manila Electric Company seems to have plans to take the record further. Over the holidays, Meralco announced what could have been the largest power hike in history: a whopping P4.15 per kilowatt hour (kWh). Although Meralco claimed it was only a response to “market forces,” this brazen act shows just how—under the government’s neoliberal patronage—powerful electric corporations can cash in big and easily get away with it. Continued on page 6


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Philippine Collegian Issue 21 by Philippine Collegian - Issuu