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(Eagle News)—A bill that reduces electricity rates has been approved by the bicameral conference committee. The Murang Kuryente Act seeks to tap the Malampaya Fund to pay the debts incurred by the National Power Corporation and the Power Sector Assets and Liabilities Management Corporation, thereby reducing universal charges. The Senate version had sought to allot the government’s share from the Malampaya fund to a special trust fund to be administered by PSALM, which will be included […]
JUNE 3 (WWF) — Climate change solutions-provider World Wide Fund for Nature (WWF) reiterated its support for the government’s Feed-in-Tariff (FiT) system. The FiT guarantees Renewable Energy (RE) developers a constant generation rate per KWh over the next 20 years, with periodic reviews by the Energy Regulatory Commission (ERC) to adjust rates for foreign exchange and inflation. Various groups recently opposed the FiT, arguing how rates might further burden consumers. However, Philippine electricity rates have […]
