Bill Type
Congress Name
Long Title
FULL TITLE : AN ACT DIRECTING THE REDUCTION OF ELECTRICITY RATES THROUGH THE UTILIZATION OF THE GOVERNMENT SHARE IN THE DISCOVERY, EXPLORATION, DEVELOPMENT AND/OR PRODUCTION OF INDIGENOUS SOURCES OF ENERGY FOR THE PURPOSE OF LOWERING THE COST OF ELECTRICITY
Text as filed (link)
Date filed
June 30, 2016
Scope
Legislative History
| House Bill/Resolution NO. HB00026 | |
| FULL TITLE : AN ACT DIRECTING THE REDUCTION OF ELECTRICITY RATES THROUGH THE UTILIZATION OF THE GOVERNMENT SHARE IN THE DISCOVERY, EXPLORATION, DEVELOPMENT AND/OR PRODUCTION OF INDIGENOUS SOURCES OF ENERGY FOR THE PURPOSE OF LOWERING THE COST OF ELECTRICITY | |
| SHORT TITLE : Electricity Rate Reduction Act Of 2016 | |
| ABSTRACT : Lowers the government share in the exploration, development and production of indigenous energy resources other than those already covered by the Renewable Energy Act of 2008; sets such government share at the level that maintains the relative preference to indigenous renewable energy resources and still provide for a substantial revenue for the government; and remove the disparities in tax/royalty treatment between indigenous energy resources and imported fuels, thereby seeking to lower electricity rates to Filipino consumers in a significant and sustainable manner. | |
| PRINCIPAL AUTHOR/S : UMALI, REYNALDO V. | |
| DATE FILED : 2016-06-30 | |
| SIGNIFICANCE: NATIONAL | |
| NATURE : Economic | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Bravo (M.) (013 2016-08-22) | 2. Suansing (H.) (015 2016-08-24) |
| 3. Espino (019 2016-09-06) | 4. Robes (078 2017-03-06) |
| 5. Tambunting (000 2017-11-23) | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Referred to Stakeholders on 2016-08-11 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON ENERGY ON 2016-07-26 |
Abstract
Lowers the government share in the exploration, development and production of indigenous energy resources other than those already covered by the Renewable Energy Act of 2008; sets such government share at the level that maintains the relative preference to indigenous renewable energy resources and still provide for a substantial revenue for the government; and remove the disparities in tax/royalty treatment between indigenous energy resources and imported fuels, thereby seeking to lower electricity rates to Filipino consumers in a significant and sustainable manner
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.