Fake stories and disinformation can be rampant in the energy sector because of the climate alarmism drama and renewables cronyism agenda. A recent example is one published in BWorld last Thursday, The Philippines’ Ill-Advised P1 Trillion New Coal Gamble, October 20, 2017 By Sara Jane Ahmed.
The lady seems to be ignorant of many data before writing
their anti-coal drama. Some things she wrote:
1. “High electricity prices are driven by imported fuel
and subsidies; electricity surcharges…”
à
Wrong. Check Meralco website for customer charges, http://www.meralco.com.ph/consumer-information/rates-archive.
Here, October 2017 charges, if one consumes up to 300 kWh, he would pay a total
of P2,880, one-half of which is for generation charges and the other half for
11 other charges including taxes and FIT subsidy for mostly wind-solar.
From the generation charge, about half of which are from Malampaya natgas-using plants in Batangas; there are hydr0, geothermal, coal could be about 40% of Meralco energy mix.
2. “Diesel dependence, much like our growing national
coal dependence, is a result of subsidies…”
à
Wrong, diesel has no subsidy, or maybe she refers to the current zero excise
tax for diesel but under Duterte TRAIN, it will soon be slapped with P6/liter
excise tax.
3. “Coal subsidies assure the private sector guaranteed
returns…”
à
Wrong. Currently coal excise tax is P10/ton but under TRAIN, to rise to
P20/ton. Now Dr. Ciel Habito proposes a P600/ton excise and carbon tax for
coal. I criticized his proposal here, http://bworldonline.com/carbon-tax-wrong/
4. “Meralco is currently underwriting a solar power
supply deal for 85 megawatts (MW) at P2.99 per kWh.”
à
True, and that’s the exception, from Solar Philippines of Leandro Leviste, son
of Sen. Loren Legarda. Many solar farms here are given the cronyist FIT or
guaranteed price for 20 years of P8.69 to P10+/kWh.
5. “Philippine’s financial sector as massively exposed
now to the eventual stranding proposed new coal fleet to the tune of more than
10,000 MW in overcapacity and P1.05 trillion in financial risk”.
-> See this: “Countries that have coal consumption of
at least 2.1x expansion over the past two decades are also those that
experienced fast GDP growth of at least 3x expansion. Prominent examples are
China, India, South Korea, Indonesia, Vietnam, Malaysia, Philippines, and even
Pakistan.” http://bworldonline.com/high-carbon-tax-irrational/
Finally, the lady is highly disoriented, talking about diesel and
coal subsidies when there is none. Yet silent on renewables subsidies, haha.
P10B in 2015, P18.5B in 2016, P24.4B this 2017, and P26B next year. The main
recipients of this renewables cronyism are the wind farms of the Lopezes/EDC,
Ayalas' Caparispisan and Bangui, Phinma, Alternergy/Vince Perez, etc. http://www.bworldonline.com/content.php?section=Opinion&title=why-the-fit-all-is-a-burden-to-consumers&id=145326
The "planet saviours", the renewable cronyism lobbyists, they want more government intervention -- in arm-twisting consumers to pay higher electricity to subsidize renewables; in coercing the grid to prioritize the intermittent, unstable, unreliable, non-dispatchable energy sources; in choking and even killing stable, reliable, dispatchable 24/7 sources like coal, gas and nuke. Watermelons -- green outside, red inside.
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See also:
Energy 99, Germany's FDP questioning or ditching Energiewende, October 04, 2017
Energy 100, Bjorn Lomborg on World energy mix, October 19, 2017
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