Press Release
March 15, 2019

STATEMENT OF SENATOR WIN GATCHALIAN ON THE SIGNING OF THE ENERGY VIRTUAL ONE-STOP SHOP ACT

The signing of the Energy Virtual One-Stop Shop (EVOSS) Act into law will herald the rejuvenation of the energy sector. With this law in place, red tape in the energy sector will soon become a thing of the past as it promotes faster, simplified permitting process that would allow foreign and domestic investors with the capacity to build cutting-edge power plants to enter the market and stimulate competition in the Philippine energy generation industry. The increased competition would then drive down generation costs.

With EVOSS, we estimate that a decrease in generation costs could lead to reduction of consumer electricity prices by as much as P0.35 per kWh. For an average household with a consumption rate of 200 kWh per month, this would result in savings of P840 every year.

Ito na ang hudyat ng pagkaroon ng mas murang kuryente sa bansa. Umaasa kami na ang iba pa nating mga panukalang batas na naglalayong mapababa ang singil sa kuryente, kasama na ang Murang Kuryente Act, ay pipirmahan din ng ating Pangulo sa mga susunod na araw.

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