IKOT.PH
Filipino consumers will feel less burdened paying their electricity bills once the government’s share of the Malampaya fund is tapped to cover the stranded debts and contract costs of the National Power Corporation (NPC) instead of expanding the coverage and increasing the lifeline rate subsidy, Senator Win Gatchalian said. Gatchalian, chair of the Senate Committee […]
The “Murang Kuryente” bill that was approved by the bicameral conference committee will cut down the cost of electricity without exhausting the government’s financial resources, a lawmaker at the House of Representatives has said. Marinduque Representative Lord Allan Velasco, a member of the bicam panel that approved the measure, pointed out that the bill is […]
The Senate Committee on Energy is studying the possibility of using the ₱204 billion Malampaya Fund to reduce the universal charge (UC) paid by end-consumers on their monthly electricity bills, which could result in household savings as high as ₱2,033.76 annually. The committee took up Senate Bill No. 924, authored by Senate President Pro-Tempore Ralph […]