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As the coronavirus disease (COVID-19) pandemic continues to affect the energy sector in the country, the Philippine Rural Electric Cooperatives Association, Inc. (PHILRECA) has assured that electric cooperatives (ECs) will continue to provide consumers with affordable power rates as compared to other distribution utilities. “Electric cooperatives are the government’s staunchest and most ideal partner in […]
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 congressional bicameral conference committee approved the “Murang Kuryente” bill, which seeks to reduce the country’s electricity rates. Senator Win Gatchalian, chair of the Senate committee on energy and co-author of the bill, said it proposes the use of the P208 billion Malampaya Fund to pay off the stranded contract costs and stranded debt of […]