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Press Statement of Deputy Speaker and Batangas Rep. Ralph G. Recto May 15, 2023 Malampaya gas is a bulwark of our energy security. It fuels  base-load power plants in my home province of Batangas. At one point, it provided 40% of the energy needs of the almost 57 million people

I thank President Duterte for signing the Murang Kuryente Act, and Sen. Win Gatchalian for shepherding its passage in the Senate. The law is like a light switch that turns off the collection from consumers of the Universal Charge (UC) on stranded debts and stranded contract costs

The Senate approved on second reading Monday a bill which will use a portion of the Malampaya collection to defray a looming hike in electricity prices caused by stranded power sector privatization costs, which will be passed on to consumers. The measure, principally authored by

An Act Providing Additional Funds For The Revised AFP Modernization Program, Earmarking The National Government Share In The Malampaya Natural Gas To Power (MNGP) Project For Such Purpose, Thereby Amending Republic Act No. 7898, As Amended By Republic Act No. 10349 Allocating

An Act Reducing Electricity Rates By Allocating The Net National Government Share From The Malampaya Natural Gas Project For The Payment Of The Stranded Contract Costs And Stranded Debts Of The National Power Corporation The net national government share from the Malampaya