SUMMARY
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Energy Secretary Jericho Petilla said on Monday, October 6, that if Congress authorizes the President to use the multi-billion-peso Malampaya fund, consumers will be spared from power hikes. Petilla wants Aquino to certify as urgent a bill expanding the use of the Malampaya fund to “directly subsidize energy consumption of end-users in case of market failure.” The Supreme Court had previously barred the use of the fund for projects other than those related to energy.
Read the full story on Rappler.
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