Allocation of Malampaya Funds to Cut Power Rates

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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

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