December 28, 2019
LKI statement on the 3rd tranche of excise taxes on fuel products.
“THERE are mitigating lower power and water rates that should maintain the prevailing prices or Suggested Retail prices of basic necessities and prime commodities and offset the added costs on goods and services due to the
implemetation of the the 3rd tranche of the excise taxes on fuel products .
The water concessionaires had deferred the collection of the 2nd tranche of approved water rate hike in the amount of Php 1.95 for Maynilad and Php 2.00 for Manila water, per cu m due for collection in January 2020.
FEED in Tariff Allowance of Php 0. 22 pkwh will be reduced by at least two
.02 centavos pkwh based on Transco written manifestation submitted to the ERC. LKI sees a .04 pkwh rollback, however.
Also ,Meralco shall pass on to the consumers the impact of their new Power supply agreements not later than the February billing cycle of at least the maximum of .40 pkwh based on Provisional Authority issued by ERC . LKI had supported Meralco’s petitions in the ERC.
All concerned agencies should intensify price and supply monitoring and enforcement into the new year accordingly. ”
Vic Dimagiba
President
Laban Konsyumer Inc.