THE leadership of the House of Representatives is optimistic that the government can further ease inflation, as it has committed to working towards reducing electricity rates by reviewing the Electric Power Industry Reform Act .
“We will work to further reduce electricity rates as well as rice prices. Accomplishing that will surely lead to a further moderation of inflation,” Romualdez said. “We want to know what the problem is with the law and why the law that was supposed to streamline the energy sector has unfortunately raised electricity rates. We will call all stakeholders—power producers and distributors, the transmission company, and most importantly, the consumers represented by consumer groups,” he said.
The collective statement was made by Senior Deputy Speaker Aurelio Gonzales Jr., Deputy Speaker David Suarez of and House Majority Leader Manuel Jose M. Dalipe City, and Young Guns led by Reps.