IKOT.PH
A welcome relief amid the rising cost of living was how Senator Win Gatchalian viewed the P7.8 billion refund in electricity bills ordered by the Energy Regulatory Commission (ERC) to the Manila Electric Company (Meralco) for overcharges. “Given its mandate of protecting consumer interest as an independent electric power industry regulator, I laud the latest […]
Senator Win Gatchalian is urging the Department of Finance (DOF) to provide sufficient budget and spare taxpayers from being choked by new borrowings to fund next year’s implementation of the Murang Kuryente Act. Gatchalian learned that less than 20 percent or only P8 billion of the P46 billion requested by the Power Sector Assets and […]
Senator Win Gatchalian has once again pressed for the immediate issuance of the Implementing Rules and Regulation (IRR) for the “Murang Kuryente Act,” saying the delay denies ordinary Filipinos access to cheap electricity. The law was created to make electricity more affordable to consumers by removing the National Power Corporation’s (NPC) stranded debts and costs (Universal […]
Senator Sherwin Gatchalian lauded President Rodrigo Duterte for signing into law the “Murang Kuryente Act,” which seeks to lower the country’s electricity rates. Gatchalian, chair of the Senate committee on energy, said the newly-signed law would ease the burden of Filipino consumers in paying their electricity bills once the government’s share of the Malampaya fund […]
The House of Representatives has ratified the bicameral conference report reconciling the disagreeing provisions of House Bill 8869 and Senate Bill 1950, which both seek to reduce electricity rates by allocating the net national government share from the Malampaya Natural Gas Project for the payment of the stranded contract costs and stranded debts of the […]
The House of Representatives has ratified the proposed “Murang Kuryente” Act which seeks to reduce electricity rates by allocating the net government share from the Malampaya fund to clear the huge debts of the National Power Corporation (Napocor) being charged to the monthly electric bill of consumers. Under the consolidated version of House Bill 8869 […]
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 has approved on third and final reading a bill authorizing the use of the P207 billion Malampaya Fund to pay off the stranded contract costs and stranded debt of the National Power Corporation (Napocor). With the approval of Senate Bill No. 1950 (SBN 1950) or the Murang Kuryente Act, Senator Win Gatchalian said […]