Close  

Trillanes wrong on Malampaya Fund

01:49 AM January 31, 2014

With all due respect, I differ with Sen. Antonio Trillanes IV’s proposal to use the Malampaya Fund for the rehabilitation of facilities and infrastructure damaged by Supertyphoon “Yolanda” or as subsidy to bring down electricity rates during abnormal situations, such as that which the country has recently experienced.

That is too knee-jerk a reaction to these twin national “tragedies”—if I may call them so. One would least expect such a proposal to come from a so-called lawmaker of the land whose primary task is to  make new laws—not to unmake old, still prudent, ones that, nonetheless, are just improperly implemented.

ADVERTISEMENT

We can all agree that since time immemorial this country’s perennially skyrocketing electricity rates essentially owe from the continuing interplay of energy supply and demand. That is to say, there are simply not enough power producers to provide the electricity needs of our fast-expanding population. And so, the Malampaya Fund has been purposely and almost exclusively designated to enable government, or encourage the private sector, to put up additional power plants and/or explore newer energy alternatives—e.g., hydro, solar, wind or nuclear—such as has been continuously happening in other parts of the globe. Needless to say, we have miserably failed in this regard.

True, the related law allows the Malampaya Fund to be used for such other purposes as the president may see fit. The thing is, we have used the fund mostly, rather than secondarily, for such “other” purposes, in turn unduly compromising the essential needs for which it has been intended. Now, Trillanes wants to expand its use further? That, for me, is the surest recipe for making our future energy woes even worse.

FEATURED STORIES
OPINION

Of course, energy boss Carlos Jericho Petilla—upon whom is vested the task to contain such woes—would hasten to say amen to Trillanes’ proposal! That would readily ease up his responsibility whenever electricity rates next rise to newer heights, since the Malampaya Fund would always be there to offer electricity consumers a ready subsidy.  Then, alas, it’s probably high time to abolish the position of energy secretary and the Energy Regulatory Commission from the government’s organization chart.

On the other hand, barring corruption in the process, I think there is going to be enough funds, both from the national budget and from foreign sources, for Ping Lacson to reasonably complete the rehabilitation of the Yolanda-damaged Visayan provinces.

—RUDY L. CORONEL,

[email protected]

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Antonio trillanes, Malampaya Fund, Senator Trillanes, Super Typhoon Yolanda
For feedback, complaints, or inquiries, contact us.
newsinfo

Trump undergoes annual physical exam at Walter Reed

November 17, 2019 08:30 AM

lifestyle

Tasting the world in a scoop

November 17, 2019 06:05 AM

newsinfo

Lawmakers want regulation of e-cigarettes

November 17, 2019 05:55 AM



© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.