Topic

Lower electricity bills

Latest Daily Tribune news and analysis on Lower electricity bills.

  2. The climate opportunity

    The climate opportunity

    Renewable energy and storage serve different functions, but together they help build a more flexible and lower-carbon power system.

    3 MIN READ

  3. BIR removes vat from system loss charge

    BIR removes vat from system loss charge

    ‘For consumers, the practical effect is straightforward: Once the new rules become effective, VAT will no longer be imposed on the allowable system loss…

    2 MIN READ

  4. THE system loss charge covers electricity that is lost as power moves through transmission and distribution networks.

    BIR moves to scrap VAT on system loss charge

    Electricity consumers could see lower power bills as the BIR moves to remove VAT from allowable system loss charges classified as government-mandated…

    2 MIN READ

  5. IF an Energy Regulatory Commission resolution declaring the System Loss Charge as a government-mandated pass-through cost that should not form part of the gross receipts of generation companies, the NGCP and DUs, for purposes of the 12 percent VAT under the National Internal Revenue Code gets the nod of the BIR, the VAT on the system loss charge will be scrapped, giving immediate and direct relief to electricity users nationwide.

    ERC ruling puts system loss outside VAT net

    An ERC-issued resolution declares allowable system loss charge an inherent government-mandated pass-through cost that does not form part of the gross sales of…

    2 MIN READ