Motorists and businesses are set to receive relief this week as local retail fuel prices record significant declines, driven by lower international benchmark costs and a stronger local currency. Effective Aug. 11, local pump prices for gasoline will decline by ₱4.70 per liter, diesel by ₱4.30...
House members sought clarification on the highly technical nature of system loss on Wednesday, Aug. 6 as the Committee on Energy held its first hearing to discuss issues and concerns surrounding the proposed abolition of system loss charges from electricity bills. Pangasinan 2nd district Rep. Mark...
Top leaders from the House of Representatives have filed a measure seeking to exempt electricity consumers from paying the 12 percent Value-Added Tax (VAT) on the much-panned system loss charges. Filed by Senior Deputy Speaker South Cotabato Cotabato 2nd district Rep. Ferdinand Hernandez and...
The Energy Regulatory Commission (ERC) plans to slash the maximum offer price for power reserves by 64 percent to protect consumers from sharp rate spikes while preserving stability in the national electricity grid. Under an eight-page draft resolution released by the utility regulator, the price...
Electricity bills are expected to increase this month as system-wide spot prices rose by 22.7 percent to nearly ₱10 per kilowatt-hour (kWh) in June amid tighter supply driven by persistent power outages in Visayas. According to the Independent Electricity Market Operator of the Philippines...
Akbayan Party-list Rep. Chel Diokno has underscored the need for policymakers to assess whether or not the current allocation of pass-through costs remains fair to consumers. Diokno did so as he backed calls from labor and consumer groups to have Congress review the Manila Electric Company...
A member of the House Committee on Energy is suggesting the use of fuel value-added tax (VAT) collections in a mechanism to partially subsidize electricity bill rebates. Ako Bicol Party-list Rep. Alfredo Garbin Jr. made this proposal amid the complaints on social media regarding the so-called...
BACOLOD CITY – The Negros Occidental Electric Cooperative (Noceco) admitted on Thursday that it erroneously charged a consumer in Hinigaran town P958,334.94 for electricity consumption in May, an error that went viral after the consumer posted her bill on Facebook, saying it gave her a...
