STORIES OF THE DAY


ERC: EXCISE TAX ON ELECTRICITY TO BE FELT BY CONSUMERS IN FEBRUARY



Raquel Etero has been running a busy eatery along Pio Del Pilar Makati for 15 years.

Their operations start at 6 a.m. and end at 11 p.m..

She said her electricity bill a month is P20,000-22,000 thousand pesos.

However, with the implementation of the tax reform for acceleration and inclusion law, her electricity bill will likely increase up to P25,000.

During the senate committee hearing on energy, energy officials said P13.3 will be added to an average household which consume 190 kw/h electricity.

While for households in the province which use coal energy and which consumes 130 kw/h will have an added P12 to their electricity bill.

Meralco said it would implement the P0.0808 per kw/h power rate hike which would be effective in the customers’ February billing.

The power company cited excise tax rates in petroleum products such as diesel and coal used by power plants, and the re-imposition of value added tax in transmission charges, the report said.