ERC should use its regulatory power to lower electricity rates
newscatcher
2022-05-23 20:30
ERC should use its regulatory power to lower electricity rates
This is a reaction to the article 'Scrap 12% VAT on power rates, incoming Marcos admin asked' (5/20/22). The proposal of ERC chair Agnes Devanadera to presumptive president Ferdinand R. Marcos Jr. to scrap the 12-percent value-added tax (VAT) on power rates will indeed bring long-overdue relief from the high cost of power in the country. Expensive and excessive power rates are unjust and unreasonable and contrary to the intentions of the Electric Power Industry Reform Act, which was passed in 2001.

https://opinion.inquirer.net/153241/erc-should-use-its-regulatory-power-to-lower-electricity-rates

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