Tuesday, July 5, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

New DOE circular simplifies rules on renewable energy

Alena Mae S. FloresbyAlena Mae S. Flores
January 6, 2022, 6:45 pm
in Business, Power & Tech
Reading Time: 2 mins read
A A
106
SHARES
Share on FacebookShare on TwitterShare on Email

The Department of Energy issued a new circular simplifying the rules governing Republic Act No. 9513, or Renewable Energy Act of 2008.

Energy Secretary Alfonso Cusi signed on Dec. 24 Department Circular DC2021-12-0042, amending Sections 13 (E) and 18 (C) of DC No. DC 2009-05-0008, which cover the implementing rules and regulations of the RE Law.

“We are pleased to issue an amended policy that would address the long-standing concerns of the RE law’s target recipients, including RE developers, fabricators and manufacturers regarding the availment of the law’s incentives. This includes, among others the implementation of the tax provisions, particularly the automatic availment of the 10-percent corporate tax rate and zero-rate value added tax,” Cusi said in a statement.

The new circular simplifies requirements for availment of the incentives, while ensuring proper availment through an efficient government process.

It also complies with the law, which provides that savings derived from the availment of the reduced corporate income tax rate will be effectively passed on to the electricity end-users in the form of lower power rates.

ADVERTISEMENT

The department said the amendment of the RE Act’s IRR would promote the further development of renewables with domestic and foreign investors.

It also seeks to accelerate the country’s transition toward energy sustainability by supporting the government’s principal goal of attaining clean and secure energy.

To assess the effectiveness of the latest DC, the DOE may conduct a review of the annual reports submitted by RE developers to determine whether the objectives of the RE Act were met.

The new department circular is being processed for publication in two newspapers of general circulation and will become effective 15 days after publication.

Tags: Department of EnergyDOEEnergy Secretary Alfonso Cusirenewable energyRepublic Act No. 9513
ADVERTISEMENT
Alena Mae S. Flores

Alena Mae S. Flores

Related Posts

US, China discuss ‘severe’ economic challenges, supply chains

byAFP
July 5, 2022, 12:30 pm
0
142
Banaag assumes post as Bright Kindle director

Top officials from the United States and China held a "candid" video call on Tuesday to discuss global economic challenges,...

Read more

Mecca businesses see hajj boom ending pandemic slump

byAFP
July 5, 2022, 11:00 am
0
139
Mecca businesses see hajj boom ending pandemic slump

"Business is back", exclaims Abdullah Mekhlafi at the shop where he sells prayer mats in Islam's holiest city, which is...

Read more

Inflation climbs to 43-month high of 6.1%

byManila Standard Business
July 5, 2022, 10:08 am
0
172
Economists become more bullish on Q3 performance

Inflation soared to a 43-month high of 6.1 percent in June, on higher food, transport and electricity costs, data from...

Read more

Markets react badly to Argentina economy minister appointment

byAFP
July 5, 2022, 7:30 am
0
134
Markets react badly to Argentina economy minister appointment

Argentina's peso fell sharply against the US dollar on the informal market Monday after the appointment of a new economy...

Read more

MARCVENTURES HOLDINGS, INC.: Notice of the Annual Stockholders’ Meeting

byManila Standard
July 5, 2022, 6:00 am
0
148
Marcventures receives 3 ISO re-certifications for quality standards

00

Read more

SMC to cooperate with gov’t on Bulacan airport ecozone

byDarwin G. Amojelar
July 4, 2022, 7:20 pm
0
259
Ang: Government can buy back Petron

San Miguel Corp. said Monday it will cooperate with the government to realize the vision of Bulacan Airport Economic Zone...

Read more

Stories you may like

  • Denying Villafuerte justice

    Starting on the wrong foot

    3507 shares
    Share 1403 Tweet 877
  • Of course, it was BBM’s project

    33313 shares
    Share 13325 Tweet 8328
  • The next, now, or never in new romance film ‘Ngayon Kaya’

    2377 shares
    Share 951 Tweet 594
  • Herbosa will make an excellent DOH Secretary

    2127 shares
    Share 851 Tweet 532
  • Property relations in marriage

    1131 shares
    Share 452 Tweet 283

Print Edition

View More

Recent Posts

  • Weeklong job hiring in Caloocan as new admin provides opportunities
  • Sneakers for Makati : AB4.0
  • Gas consumption set to contract due to Russia: IEA
  • Geek out at TOYCON 2022 powered by Smart Signature
  • Ayala Museum, Globe launch the Digital Gallery
  • Xiaomi, Leica forge strategic partnership in imaging technology
  • NTC ramps up fight vs fake job text scam
  • Qatar’s ‘majlis’ gamers target eSports big league

Advertisement

Latest News

Xiaomi, Leica forge strategic partnership in imaging technology

byMST Tech
July 5, 2022, 1:17 pm
0
160
Xiaomi, Leica forge strategic partnership in imaging technology

BEIJING – Today, Xiaomi officially unveiled the new Xiaomi 12S Series “co-engineered with Leica”. This outstanding imaging product series is the...

Read more

NTC ramps up fight vs fake job text scam

byMST Tech
July 5, 2022, 1:11 pm
0
138
NTC to telcos, ISPs: Ensure minimal disruption, downtime during holidays

THE National Telecommunications Commission strongly reiterated its call to its own regional directors and the country's leading telcos to ramp...

Read more

Qatar’s ‘majlis’ gamers target eSports big league

byAFP
July 5, 2022, 1:00 pm
0
132
PH Rugby Union elects new officers

World Cup host Qatar doesn't just have its sights set on football—it also hopes to harness its people's gaming skills...

Read more

US, China discuss ‘severe’ economic challenges, supply chains

byAFP
July 5, 2022, 12:30 pm
0
142
Banaag assumes post as Bright Kindle director

Top officials from the United States and China held a "candid" video call on Tuesday to discuss global economic challenges,...

Read more

Sydney floods force thousands more to flee

byAFP
July 5, 2022, 12:00 pm
0
140
Sydney floods force thousands more to flee

Rain-swollen rivers spilled mud-brown waters across swathes of Sydney on Tuesday, swamping homes and roads while forcing thousands to flee....

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App