LATEST ON POWER⚡ BIR Says Lifeline Subsidy, Green Energy Allowance Not Taxable The BIR clarified under RMC No. 60-2026 that the Lifeline Subsidy and GEA-All are pass-through collections and are therefore not subject to VAT and withholding tax. The clarification aligns their tax treatment with other government-mandated power sector charges, as distribution utilities and electric cooperatives only collect and remit these amounts and do not treat them as income or gross sales. This is expected to prevent additional tax burdens on electricity charges and help protect consumers from higher power costs. Read more here: https://business.inquirer.net/594156/bir-says-lifeline-subsidy-green-energy-allowance-not-taxable Palace Orders DOE to Stabilize Visayas Grid President Ferdinand Marcos Jr. directed the DOE to stabilize power supply and normalize grid conditions in Luzon and the Visayas as soon as possible. He also instructed the ERC to review NGCP’s performance and ensure completion of its deliverables, following recent red and yellow alerts and the Palawan blackout. The Palace added that fuel reserves remain stable, with around 46 days’ worth of inventory as of May 29. Read more here: https://bworldonline.com/economy/2026/06/04/754727/palace-orders-doe-to-stabilize-visayas-grid/ Stay informed on the latest happenings and headlines in the Philippine power industry with Mabuhay Energy’s Weekly News Spotlight! Mabuhay Energy, #YourPartnerForGrowth