ELECTRICITY end-users will no longer be burdened with additional charges in their electricity bills after the Power Sector Assets and Liabilities Management Corp. (Psalm) announced it will no longer pass on universal charge to customers.
President Rodrigo Duterte signed into bill Republic Act (RA) 11371 or the “Murang Kuryente Act” on August 8 aimed at lowering electricity rates by tapping P208 billion from the net government share of the Malampaya funds to pay for the stranded contract costs and stranded debts of the National Power Corp.
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