NEWS HEADLINE: United States Partners with Philippine Energy Sector to Launch Retail Electricity Online

Portal

News agency: United States Agency for International Development (USAID)

1. Without reading the content of the news, what is your prior knowledge about the news?

This news, in my opinion, is about a collaboration between the US and the Philippines regarding how we
can keep track of our online electricity usage. This might also entail a cutting-edge scenario in which we
are completely free to choose the electricity provider for our house.2. Identify the content of the news:

a. Who?

Philippine energy sector

b. What?

The partners launched the website for electricity market monitoring (CREM) in Taguig City. The platform
aims to drive competition in the energy industry, allowing consumers to choose their in-store power
supply, potentially reducing electricity bills.

c. Where?

Taguig City, Philippines.

d. When?

April 20, 2023.

e. Why?

The platform was created to promote open and equitable competition in the energy sector, giving
consumers the option to select their electricity suppliers and possibly lowering their electricity costs.f.
How?

Using the CREM online platform, high-energy consumers can track and compare the performance of
retail electricity suppliers, switch between them, and find deals that are suitable for their energy
requirements. 3. Explain the relevance of the news to Philippine development:

The launch of the CREM online platform is essential for the development of the Philippines because it
addresses important problems in the nation's energy sector. The program aims to reduce electricity costs
for consumers by promoting transparent and fair competition in the energy industry. The ability for
consumers to choose their electricity supplier provides transparency and enables consumers to make
informed decisions. This move towards a competitive and consumer-driven electricity market is in line
with, and will ultimately contribute to, broader efforts towards more efficient, convenient and affordable
energy services in the Philippines the country’s economy has grown and developed.

United States partners with Philippine Energy Sector to launch Retail Electricity Online Portal:
Philippines: Press release. U.S. Agency for International Development. (2023, May 1).
https://www.usaid.gov/philippines/press-releases/apr-28-2023-united-states-partners-
philippine-energy-sector-launch-retail-electricity-online-portal?
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