The Department of Energy (DoE) welcomes the proposal of independent power producers for the government to explore the possible suspension of excise tax and value-added taxes (VAT) on coal and oil to address the looming power rate increase.
The Philippine Independent Power Producers Association (PIPPA) said their initial estimates indicate that the effect on the price of fuel alone may reach P9.00 per kilowatt hour, given the March 3, 2022 price of coal, which was at $446 per ton.
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