Law on Malampaya Funds for Power Sector Debt

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Republic Act No. 11371: Law on Malampaya Funds for Power Sector Debt

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Title Source: Supreme Court: Law on Malampaya Funds for Power Sector Debt

Law: Republic Act No. 11371

Decision Date: Aug 8, 2019

The "Murang Kuryente Act" allocates 208 billion pesos to reduce electricity rates in the Philippines by paying for stranded contract costs and debts, with any remaining funds used for energy resource development programs, overseen by the Power Sector Assets and Liabilities Management Corporation (PSALM) and monitored by the Joint Congressional Energy Commission (JCEC), with implementing rules and regulations to be issued by the Department of Energy (DOE) and Department of Finance (DOF).

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