According to Opposition Sen. Allan Peter Cayetano, The Philippine President failed to ensure that the different fuel sources will be taxed uniformly in the modified Electric Power Industry Reform Act (Epira).
According to the report:
The government collects taxes equivalent to four centavos per kilowatt hour for power generated by imported coal, but 30 centavos to 70 centavos for geothermal and P1.30 for natural gas.
According to the distinguished gentleman:
Due to the glaring disparity in the taxes levied on fuel sources, investors would rather build coal-fired power plants, which were expensive and caused pollution, rather than plants devoted to harness wind, solar, geothermal power and biofuels.
Prior to the Senator’s accusations, I always thought all clean energy sources were taxed less, hence the reason why electricity rates go down during rainy season because there is ample supply of water in the nation’s hydro electric dam’s reservoirs.
[source]
Category: Oil, Coal, Clean Energy
