‘Murang Kuryente Act’ to lower electricity rates in next few months
MANILA, Philippines — The newly-signed “Murang Kuryente Act” will lower consumers’ electricity rates by October or November this year, Senator Sherwin Gatchalian said on Friday.
“It will be seen probably on the fourth quarter of this year, October or November but the deadline is 90 days,” Gatchalian, chairman of Senate committee on energy, told ABS-CBN News Early Edition when asked on the expected implementation of the decrease in cost of electricity.
Gatchalian explained that the law will help save cost of electricity at about P172 to P190 per month which helps families to have huge savings.
“In a nutshell, we’ll be saving up to 90 centavos per kilowatt hour. So for an ordinary consumer consuming about 200 kilowatt every month, he will save approximately about 172.00 to about 190.00 per month so that’s good for about 4-5 kilos of rice for an ordinary family. This is actually huge savings for an ordinary family,” the senator said.
President Rodrigo Duterte signed on Aug. 8 the Republic Act 11371 or the “Murang Kuryente Act” which aims to source government shares on Malampaya fund to pay the debts of the National Power Corporation which is now being charged to consumers as seen in their monthly electricity bill. /jpv
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.