Sen. Rodante Marcoleta said it is time to pass two proposed laws aimed at lowering electricity costs, citing possible increases in power prices linked to global tensions.
In a social media post, Marcoleta called for the passage of Senate Bill No. 61 and Senate Bill No. 63, both of which seek to address electricity costs for consumers.
According to the senator, the proposed measures are timely as rising tensions in the Middle East could trigger additional increases in electricity rates. He warned that future crises could further affect power prices if preventive measures are not taken.
Senate Bill No. 61 seeks to remove the 12% value-added tax (VAT) currently imposed on electricity. Marcoleta said eliminating the tax would help reduce electricity expenses for consumers.
Meanwhile, Senate Bill No. 63 proposes providing subsidies for households that consume up to 200 kilowatt-hours (kWh) of electricity.
During a Senate hearing, the Energy Regulatory Commission confirmed that electricity prices in the Philippines could be affected by rising oil prices linked to ongoing tensions in the Middle East.
Marcoleta said the potential increase in power costs highlights the need to act on the proposed measures.
The senator emphasized that passing the bills would help address the impact of possible electricity price increases and provide relief to consumers.
The proposals remain pending in the Senate as discussions on energy costs and consumer protection continue.
