Senate OKs natural gas development bill, but ‘no’ voters warn of risks

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Senate OKs natural gas development bill, but ‘no’ voters warn of risks - Business Mirror

Quick Summary:

THE Senate on Monday approved on third and final reading the bill to develop the natural gas industry, noting the urgency of bolstering the country’s energy mix for a rational transition from an over-reliance on fossil fuels.

This departure from the least-cost principle of EPIRA—as a principle and procedural guide—pertains to fuel selection by the aggregator and generators, generator selection by distribution utilities, and dispatch of generators by the WESM, and is simply unacceptable,” Hontiveros said, casting one of three negative votes.

We will have energy security that will be able to provide for more accessibility to natural gas and consumers will be able to benefit from this.