Lowering electricity costs via tax and tariff cuts

Ask AI

PRESIDENTIAL DECREE NO. 551: Lowering electricity costs via tax and tariff cuts

What do you want to know about the law?
Ask AI quickly gives answers based only on the current context to avoid mistakes. Always verify with the original text.

New Chat Started

Ask AI

Title Source: Supreme Court: Lowering electricity costs via tax and tariff cuts

Law: Presidential Decree No. 551

Decision Date: Sep 11, 1974

Presidential Decree No. 551 aims to lower the cost of electricity for consumers in the Philippines by reducing franchise tax and providing credits for fuel oils, with violations resulting in penalties and compulsory price reductions.

END