Philippines to Remove System Loss Charges from Electricity Bills
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Insights by Echo AI
President Ferdinand Marcos Jr. has directed Congress to amend the Electric Power Industry Reform Act (EPIRA) to remove system loss charges and the corresponding value-added tax (VAT) from consumers’ electricity bills. This move aims to reduce power costs for consumers. Energy Secretary Sharon Garin has stated that the Department of Energy (DoE) is studying regulations and consulting stakeholders to lower electricity rates. A joint task force consisting of energy agencies and electric cooperatives is working on plans to remove system loss charges. Meanwhile, Meralco Chairman Manuel V. Pangilinan has expressed concern about who would shoulder the cost if system loss charges are removed.
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RT @balitaphl: Tila nagpahayag ng pangamba si Meralco Chairman at CEO...
Tanong ni Manny Pangilinan kapag inalis ang system loss charges: 'Who'...
Manila Electric Company (Meralco) chairman and CEO Manuel V. Pangilina...
DoE backs Marcos’ push to remove system loss charges from power bill T...
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