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NewsTranscript
00:00 Not only the public's health, but also the economy's growth
00:03 is affected by the heat of the weather and the climate.
00:06 It's all due to a study.
00:08 EJ Gomez is a witness.
00:10 The rising sun is not a sign of anything.
00:17 Businessmen or ordinary workers,
00:20 like the riders Albert and Meleso.
00:23 When it's too hot, we stop for a ride.
00:27 When it's not hot anymore, we go back for a ride.
00:31 I can't do it.
00:33 My head hurts.
00:35 I keep on riding.
00:37 We need to.
00:38 We don't have food to eat.
00:43 But it's not only the Filipinos who are affected,
00:47 but also the country's economy.
00:50 Of course, there will be less economic activity.
00:54 They won't go out.
00:57 They won't spend on massages.
01:00 They won't buy.
01:02 They won't eat outside.
01:04 If they have someone to talk to, they'll be able to transact.
01:08 So, those things won't continue.
01:10 There are foregone businesses,
01:14 like sales, earnings.
01:16 That's how the economy feels.
01:18 When you combine it, you combine it.
01:20 In the first instance, the Central Bank of the Philippines, or BSP,
01:25 conducted a study on the long-term effects of temperature shocks
01:30 on the country's output growth and economy,
01:32 as well as on the inflation or increase in the price of goods.
01:37 The study found that with each increase in the average temperature in the Philippines
01:41 of 1 degree Celsius,
01:43 the economy slowed by 0.37 percentage points.
01:48 It's even higher than 0.47 percentage points
01:52 while the effect of the El Nino is felt.
01:55 According to an economist,
01:56 the agriculture sector is the primary affected by the hot weather.
02:01 Even late last year,
02:03 we felt the lack of rainfall and the relatively hot weather
02:09 that reduced the production of agriculture.
02:12 Agriculture still accounts for around 9% of GDP.
02:16 So, it's still tangible, the agriculture's share.
02:20 And agriculture employs close to 25% of total workers.
02:24 And if the production is low,
02:26 the supply will also drop,
02:28 which could lead to an increase in the price of goods
02:32 in the market or in total inflation.
02:35 Aside from agriculture,
02:36 the heating effect on the services sector is also felt.
02:40 They should have a cooling system,
02:41 their workplace should be efficient.
02:43 They will spend more for a cooling system
02:47 so that the workers, employees, clients and customers are comfortable.
02:53 That's what Mark did to his furniture and upholstery shop.
02:58 We buy ice and add ventilation.
03:03 Previously, we only had two fans.
03:07 But since it's so hot,
03:09 we added an industrial fan even if the electricity is a bit higher.
03:16 It's good for the workers.
03:18 For GMA Integrated News,
03:20 I'm EJ Gomez, your witness.
03:22 It's not acceptable, according to a senator,
03:27 the replacement of power plants that were subjected to rotational brownouts in some parts of the country.
03:32 The reserve of electricity is still low,
03:34 so they increased the Desire's grid to red and yellow alert.
03:38 Witness, Backy Pulido.
03:40 Red alert in the Desire's grid from 5 pm to 9 pm.
03:49 Two plants tripped,
03:51 so the supply of electricity was reduced,
03:53 according to the National Grid Corporation of the Philippines or NGCP.
03:57 Yellow alert from 9 pm to 10 pm.
04:00 Until 11 pm, there was a yellow alert in Luzon.
04:03 The reserve of electricity is still low,
04:05 but NGCP said,
04:07 we are safe over the weekend.
04:09 Again, all things being equal,
04:13 we will be yellow if there is a new power plant that tripped.
04:18 When the power station was wrongly flooded yesterday,
04:21 it was not supplying more than 750 megawatts.
04:24 It was increasing to 18 plants in the Luzon grid that were forced outages before,
04:29 so there were rotational brownouts in some parts of the country yesterday.
04:33 In Baguiyang, the supply of online plants that were targeted to increase only decreased.
04:39 What we are avoiding is the widespread outage,
04:42 what we call blackouts,
04:44 because we have mitigating measures.
04:46 According to Senator Sherwin Gatchalian,
04:48 vice chairperson of the Senate Committee on Energy,
04:50 the replacement of plants is on the alert and not being accepted.
04:55 They repeatedly told the Department of Energy to implement a contingency plan
05:00 to overcome the need for electricity in case a power plant is wrong.
05:04 The Department of Energy said,
05:06 there is always a risk of the reserve being too thin,
05:09 no matter what maintenance of the plants.
05:11 But there is a penalty if a power plant is not properly maintained.
05:15 In the middle is the increase in demand for electricity,
05:18 which seems to be unable to supply at the same time.
05:20 We have scarcity of power supply.
05:23 We have so much demand and we have so little supply.
05:27 Meralco is buying electricity from the spot market
05:30 because of the forced outage of plants.
05:32 What they cannot say now is if this will affect the electric bill of consumers.
05:37 Our sourcing principle is to secure supply from the market at the lowest price
05:45 and to refrain from buying at high prices.
05:48 That is why Meralco and government agencies
05:51 are being cautious in using electricity so that demand does not increase.
05:55 In 2023, the power capacity of the country was 28,291 megawatts
06:01 while the peak demand increased to 17,331 megawatts.
06:06 But in the following years, demand for electricity is increasing
06:10 and is expected to increase to 23,910 megawatts by 2027, according to the DOE.
06:17 That is why before demand increases, supply should increase.
06:20 Our current electricity is 70% from fossil fuels like coal and liquefied natural gas.
06:26 More than 40% of that is coal like the coal that is being burned here in Dinginin Power Plant.
06:31 29% from renewables like solar, hydro and wind.
06:35 If we are only talking about base load or electricity that provides 24 hours of supply, this is enough.
06:42 Yes, we measured the capacity that it can provide versus the demand of our consumers.
06:53 But the DOE said that the guaranteed power generation projects will be in place until 2027.
07:00 There are proposed projects in gas and renewables that would be able to meet the forecasted supply.
07:06 The Department of Energy is looking for a more aggressive group
07:11 to make sure that we produce supply that is beyond demand.
07:18 The problem, said energy producers, is that you will only get a few permits and clearances.
07:24 The government and local government units need hundreds of signatures.
07:30 That is why it is only in the pre-development stage. It has been three years already.
07:34 Some of the investors, if they see how hard it is, in the feasibility or pre-development stage,
07:41 they will turn off or lose their motivation.
07:44 Energy Virtual One-Stop Shop System or EVOS is the answer of the DOE.
07:49 Online, it will submit the requirements that agencies need to act within a few days.
07:55 A power plant can take five years or more to build.
07:59 From planning, obtaining permits, funding, designing, to actual construction.
08:06 That is why a strategic plan is important.
08:08 Because the economy is closely linked to cheap, sufficient, and stable electricity.
08:14 For GMA Integrated News, I am Mackie Pulido, your "saksi".
08:19 Kapuso, let's be "saksi" together.
08:24 Subscribe to GMA Integrated News on YouTube.
08:27 And for Kapuso Abroad, join us on GMA Pinoy TV and www.gmanews.tv.
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