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The Department of Finance (DOF) has clarified that there is no double taxation in the imposition of value-added tax (VAT) in the electric power sector. Reacting to recent statements made by the Energy Regulatory Commission (ERC), Finance Secretary Carlos G. Dominguez III explained that the Electric
The Department of Finance is against the proposal pitched by the Energy Regulatory Commission to remove the 12 percent value-added tax on generation charge to bring down electricity prices for consumers.
The Department of Energy is eyeing to come out with a policy for the mandatory retirement of aging power plants.
BILLS PAYMENT. Power consumers pay their electric bills at the Central Negros Electric Cooperative main office in Bacolod City on Thursday (June 2, 2022). The distribution utility is set to refund its consumers PHP237.949 million worth of over-recoveries for 24 months, starting this June, upon the order of the Energy Regulatory Commission.(Photo courtesy of Erwin P. Nicavera) BACOLOD CITY - Power consumers under the coverage area of the Central Negros Electric Cooperative (Ceneco) will receive a monthly refund of PHP11 million in the next two years starting this June. This was the commitment o...
Local property developer Imperial Homes Corp. launched yesterday the country’s first solar-net metered subdivision in Cavite, which it hopes to replicate in other parts of the country.