Duterte signs law to lower cost of electricity

Credit to Author: kadraneda| Date: Tue, 13 Aug 2019 08:12:46 +0000

MANILA, Philippines — President Rodrigo Duterte has signed into law a measure that would reduce the cost of electricity in the country.

Duterte signed Republic Act 11371, or the “Murang Kuryente Act,” on August 8. But a copy of the new law was shared with the media only on Tuesday, August 13.

The new law aims to source government shares on the Malampaya fund to pay the debts of the National Power Corporation (NPC) that is now being charged to consumers as reflected in their monthly electricity bill. /kga

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