Republic of the Philippines


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ERC Requires DUs to Submit Data on Bill Deposit

The Energy Regulatory Commission (ERC) directed the Distribution Utilities (DUs) to submit documents pertinent to bill deposits of electricity consumers, within fifteen (15) days from receipt of the letters it issued.

The data requested from the DUs are needed to update the ERC’s  data on bill deposits for the calendar year 2018. In particular, DUs were directed to submit the following: 1) the total amount of bill deposits collected from the effectivity of Magna Carta for Residential Electricity Consumers (MREC) up to 31 March 2018; 2) the total amount of interest earned and credited to the registered customers for the same period; 3) the total amount of bill deposits and interest refunded to the consumers from the effectivity of MREC up to 31 March 2018; and 4) total balance of bill deposits inclusive of interest earned less amounts refunded to registered customers from the effectivity of MREC up to 31 March 2018.

“With the upcoming inquiry by the House of Representatives, there is a need to update the data on bill deposits utilization to address the issues and concerns on this matter.” ERC Chairperson and CEO Agnes VST Devanadera remarked.

Date Published: 8/2/2018


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