Tag: cheaper electricity

President Duterte signs Murang Kuryente Act into law

(Eagle News)–President Rodrigo Duterte has signed into law a measure that seeks to bring down electricity rates in the country. Under Republic Act 11371, or the “Murang Kuryente Act,” a portion of the net national government share from the Malampaya natural gas project is allocated for the payment of the “stranded contract costs and stranded  debts” of the National Power Corporation. At present, the debts of Napocor have been transferred to and assumed by the […]