Allocation of Malampaya Funds to Cut Power Rates

Ask AI

Republic Act No. 11371: Allocation of Malampaya Funds to Cut Power Rates

Getting related questions...
What do you want to know about the law?
Your conversations and searches stay on your device. We do not store or track your activity on our servers. To know more about our privacy commitment see jur.ph/privacy Ask AI provides quick answers grounded in full case texts to avoid mistakes. Always verify with the original text.

Ask AI

Title Supreme Court: Allocation of Malampaya Funds to Cut Power Rates

Law: Republic Act No. 11371

Decision Date: Aug 8, 2019

The Murang Kuryente Act allocates ₱208 billion from the Malampaya Natural Gas Project's net national government share to reduce electricity rates by covering stranded contract costs and debts, ensuring affordable power for consumers.

electricity rates

stranded costs

natural gas

END