Rep. Teddy Casiño (Bayan) said House Bill 5405 or the proposed One Million Solar Roofs Act will stop the incessant power rate hikes in the country, a press release from Bayan said.
This was after the Manila Electric Co. announced another increase in its generation charge by 28 centavos per kilowatt hour this month, on top of the previous hikes in the price of electricity, the press release said.
Casiño said Congress should fast-track the bill which provides incentives and financing facilities to ordinary electricity consumers like residences, offices and small to medium business establishments who want to put up their own solar power systems.
The bill allows homeowners and entrepreneurs to take out loans from Pag-Ibig, GSIS, SSS and other financial institutions to purchase solar panels and pay the amount from the ensuing savings in their electricity bills.
“Solar technology can be an immediate and sustainable way to deal with the country’s energy problems, especially with the abundance of solar energy throughout the country and the modular nature of solar energy systems,” Casino said.*