Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Monday, 26 June 2017 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
PBB Guidelines 2016
Click to Open
PIA Snapshot

120201-r6-goodjob
PIA Online
One Mindanao eNewsmagazine
One Visayas eNewsletter
One Luzon eNewsmagazine
ST@R eNewsmagazine
PIA Members Only:
PMIS | PANP Phone Directory
PIAEA Corner:
Application | View PIAEA Site
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
Information to Empower Filipinos
English NewsFoto ArchivesRegional WatchOFW Watch
FrontpageHeadlines by RegionNews ArchivePIA SpecialsICT News

PIA Press Release
Friday, January 13, 2012

 

PSALM extends Ecozone rate program

MAKATI CITY, Jan 13 (PIA) -- The Power Sector Assets and Liabilities Management (PSALM) Corporation has effectively extended the Ecozone Rate Program (ERP) with the extension of its Transition Supply Contract (TSC) with Manila Electric Company (MERALCO) for a maximum period of one year or until three months after the introduction of open access and retail competition, whichever comes earlier, subject to the approval of the Energy Regulatory Commission (ERC).

According to PSALM president and chief executive officer, Emmanuel R. Ledesma Jr., with the ERP extension, Meralco will continuously charge discounted power rates to 632 companies operating in the 19 economic zones within the Meralco franchise area. Ledesma also assured the public that the ERP extension will not result to higher power rates or increase the Universal Charge.

“The extension of the ERP supports the government’s investment stimulus package for ecozone locators to further boost the economy and bolster the competitiveness of Philippine manufacturers,” Ledesma said. This decision was approved by the PSALM board of directors, which includes the heads of the Department of Finance, the Department of Energy, and the Department of Trade and Industry.

Ledesma further explained that the government’s investment stimulus package not only ensures that the economic zone locators will continuously enjoy discounted power rates as an incentive, but also takes into consideration that PSALM will not incur additional operating losses as a result.

PSALM has been constantly coordinating with the Philippine Economic Zone Authority in the implementation of this project, PEZA being the lead agency tasked by the Department of Trade and Industry to handle the matter.

PSALM recently decided to extend its TSC with Meralco to ensure the stability of electricity prices and to retain the power rate charged within the economic zones so as not to hinder the country’s investment growth and displace millions of workers employed by ecozone locators.

These companies account for 43% of the aggregate Philippine manufacturing exports, or around USD19 billion, and provide 222,213 jobs. (PSALM/RJB/ DBNV-PIA NCR)

Latest Stories
  • DOST project beneficiary produces biggest 'ulang' (R02)
  • Solar energy to light up 75 more houses in off-grid areas in NegOr (R07)
  • DA plans to use Mindanao program in Luzon (R11)
  • DSWD 1 marks its 61st anniversary celeb in February (R01)
  • 500 poor families get 'bags of blessing' (R06)
  • Close to 200 Negros Occidental police officers get promotion (R06)
  • NGO urges public to collect, propagate seeds to create native tree forests in CV (R07)
  • Police Information Officers receives commendation medals (R06)
  • DSWD brings Pantawid Pamilya program to Dumaguete City (R07)
  • LGU issues guidelines on use of municipal filling station (CAR)
  • NGO to hold free breast, cervical cancer screening (R07)
  • Aklan detainees trained on proper waste management (R06)
  • Hiligaynon news: DOLE 6 may bag-o nga direktor (R06)
  • Mangrove tree planting to highlight World Wetlands Day (R06)
  • Balikbayan finds ulang production profitable (R02)
  • Hiligaynon news: Impormasyon sa populasyon sa Iloilo nagapakita pagkinahanglan sa pagmanehar sing maayo (R06)
  • Various activities to mark World Wetlands Day in Iloilo (R06)
  • Tagalog News: Tapul Reef, ipinapadeklarang fish sanctuary (MIM)
  • Hiligaynon news: Alert Level sa Yemen napanubo sa level 2 – DFA (R06)
  • P118-M worth of Infra projects implemented by Dipolog in 2011 (R09)
    FotoCatalogSitestats  
    GOOD NEWS Series
    goodnews
    PIA Special Sites:

    ASEAN Philippines

    Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
    For comments and feedback, please email PIA Newsdesk
    Copyright © 2005 Philippine Information Agency
    PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines