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"We have not reached that stage of overheating, and we are not cutting down, in fact we are increasing infrastructure spending," she said.
The President said the implementation of the open access system, wherein consumers would not be tied to a specific power distributor, would bring electricity costs down.
She said the Manila Electric Co. (Meralco) was giving load factor discounts to customers with at least five-megawatt consumption and areas hosting power plants were offering discounts to potential investors.
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