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News highlights: February 29, 2024

News highlights: February 29, 2024
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The consumers' conundrum – Manila Bulletin

Republic Act No. 11371, or known as the Murang Kuryente Act, was signed by President Rodrigo Duterte on August 8, 2019, and became effective fifteen (15) days after its publication in the Official Gazette on August 23, 2019.
Under that law, electricity consumers will not pay the stranded debts and stranded contract costs   of the National Power Corporation   and its successor, the Power Sector Assets and Liability Management Corporation.

Consumers at the moment pay in their electricity   bill the stranded debts of four centavos per kwh, and for the rest of the corporate life of PSALM , another estimated eighty six centavos per kwh.

Exactly a year ago, Laban Konsyumer Inc. filed a Petition with the Energy Regulatory Commission to immediately implement the law and stop PSALM from passing on to the consumers all forms of stranded debts and costs to the consumers. This Petition is pending res ....

Philippine National Oil Company , Laban Konsyumer Inc , Energy Regulatory Commission , National Power Corporation , Liability Management Corporation , Liabilities Management Corporation , National Electrification Administration , Malampaya Fund , Committee On Finance Subcommittee , Republic Act , Murang Kuryente Act , President Rodrigo Duterte , Official Gazette , Power Sector Assets , Liability Management , Laban Konsyumer , Malampaya Natural Gas , Solicitor General , Malampaya Funds , Senator Win Gatchalian , Murang Kuryente , பிலிப்பைன் தேசிய எண்ணெய் நிறுவனம் , ஆற்றல் ஒழுங்குமுறை தரகு , தேசிய பவர் நிறுவனம் , பொறுப்பு மேலாண்மை நிறுவனம் , பொறுப்புகள் மேலாண்மை நிறுவனம் ,