May 15, 2017

Scrapping of zero VAT RE to drive up electricity rates

By Myrna M. Velasco – May 14, 2017, 10:01 PM from Manila Bulletin The country’s renewable energy (RE) developers are appealing to Congress for the retention of value-added tax (VAT) zero-rating incentive set forth for such projects, noting that enforcing otherwise […]
May 15, 2017

NREB mulls subsidy scheme for ‘stranded’ solar capacity

By Myrna M. Velasco – May 12, 2017, 10:00 PM from Manila Bulletin Beyond the regime of feed-in-tariff (FIT) system for emerging renewable energy technologies, the National Renewable Energy Board (NREB) asserted that it will be sorting out a new subsidy scheme […]
May 15, 2017

Tax issues make retail electricity costly

By Myrna M. Velasco – May 7, 2017, 10:00 PM from Manila Bulletin Several unresolved tax issues of the power industry have been dumping add-on costs to the supposedly competitive retail segment of the restructured electricity sector, making it a […]
May 4, 2017

Good news: Expect P0.75/kWh cut in electricity bills in next 3 months

By Myrna M. Velasco – May 3, 2017, 5:32 PM  from Manila Bulletin The Energy Regulatory Commission (ERC) has ordered power utility giant Manila Electric Company (Meralco) to refund P6.927 billion worth of estimated over-recoveries in the past three years – […]