Duterte signs ‘Murang Kuryente Act’ for cheaper power rates
Aileen Cerrudo • August 13, 2019 • 1003
President Rodrigo Duterte signed the Murang Kuryente Act on August 8 which aims to reduce power rates in the country.
The copy of the bill was released to the media on Tuesday (Aug 13).
Republic Act 11371 or Murang Kuryente Act, will allocate government shares in the Malampaya fund to pay the debts of the National Power Corporation (Napocor).
According to Senator Win Gatchalilan, the law might reduce power rates to P172 for a household consuming 200 kilowatts per hour (kwh) per month.
Based on the signed law, the P208 billion government share from the Malampaya fund “shall be utilized for the payment of stranded contract cost and stranded debts transferred to and assumed by the Power Sector Assets and Liabilities Management Corporation (PSALM) pursuant to Section 49 of Republic Act No. 9136 or the Electric Power Industry Reform Act (EPIRA) of 2001.”—AAC (with reports from Rosalie Coz)
President Rodrigo Duterte reactivated the El Niño task force this week after reports of recurrence of El Niño phenomenon.
The Memorandum No. 38, signed by Executive Secretary Salvador Medialdea on Tuesday (Aug 13) aims to mitigate the effects of El Niño.
“Recent monitoring and analyses of the Department of Science and Technology (DOST) – Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA) indicate that the warm sea surface temperature fully developed into the El Niño phenomenon,” according to the memorandum.
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