Live Breaking News & Updates on Murang Kuryente|Page 3
Stay updated with breaking news from Murang kuryente. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Press Release - WIN SPONSORSHIP SPEECH | SBN 2220 / CRN 261 JCEC Enhancement Act senate.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from senate.gov.ph Daily Mail and Mail on Sunday newspapers.
Published April 8, 2021, 12:11 AM In a move that deserves public commendation, the Energy Regulatory Commission (ERC) barred the state-run Power Sector Assets and Liabilities Management Corporation (PSALM) from passing on to consumers new universal charges (UC) for stranded debts (SD) and stranded contract costs (SCC). The focal point of this decision are the beneficiaries of the Murang Kuryente Act (MKA) that was enacted to provide a safety net for those in the poor, marginalized and disadvantaged sectors. According to projections made by Senator Sherwin Gatchalian, chairperson of the Senate energy committee before the enactment of the new law in August 2020: “A family that consumes 200 kilowatt-hours per month can expect that there will be a P172 decrease in their electricity bill every month, equivalent to an additional three to four kilograms of rice per month.” This is because of the deduction of two universal charges from their electricity bills. ....
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 ....