Electric Cooperatives to reduce electricity rates
The Energy Regulatory Commission (ERC) issued Provisional Authorities to electric cooperatives directing them to reduce the rates being charged to all customer classes. Under Republic Act No. 9136, ERC is mandated to ensure a reduction in the rates of Electric Cooperatives commensurate with the resulting savings due to the condonation of their loans. Said loans incurred as of June 26, 2001 shall be assumed by the Power Sector Assets and Liabilities Management (PSALM).
The Commission noted in its Order that should the provisional rate reduction be insufficient after final evaluation, the amount corresponding to the deficiency shall be credited by the concerned cooperative to its customers for a period not exceeding six (6) months from the implementation of the final decision.
The approved reduction in rates, which shall be reflected as a separate item in the consumers’ electric bills, shall be made effective on the next billing month from receipt of the Order by said electric cooperatives.
Below is a partial list of Electric Cooperatives to reduce electricity rates in compliance with Section 60 of Republic Act 9136 and Executive Order 119. Click on the name of the Electric Cooperative to view the copy of the Order issued by ERC.
Issued
on March 4, 2003:
Region VI
1. Capiz
Electric Cooperative, Inc. (CAPELCO)
Issued
on March 10, 2003:
Region IV
2. Batangas
II Electric Cooperative, Inc. (BATELEC II)
3. Oriental
Mindoro Electric Cooperative, Inc. (ORMECO)
4. Tablas
Island Electric Cooperative, Inc. (TIELCO)
Region VI
5. Antique
Electric Cooperative, Inc. (ANTECO)
6. Iloilo
Electric Cooperative, Inc. (ILECO I)
7.
Iloilo II Electric Cooperative, Inc. (ILECO II)
Issued
on March 11, 2003
Region IV
8. Quezon
I Electric Cooperative, Inc. (QUEZELCO I)
Issued
on March 17, 2003:
Region VII
9. Bantayan
Electric Cooperative, Inc. (BANELCO)
10. Bohol
I Electric Cooperative, Inc. (BOHECO I)
11. Cebu
III Electric Cooperative, Inc. (CEBECO III)
12. Negros
Oriental II Electric Cooperative, Inc. (NORECO II)
Issued
on March 21, 2003:
Region I
13. Ilocus
Sur Electric Cooperative, Inc. (ISECO)
14. La
Union Electric Cooperative, Inc. (LUELCO)
15. Pangasinan
I Electric Cooperative, Inc. (PANELCO I)
16. Ilocos
Norte Electric Cooperative, Inc. (INEC)
Issued
on April 1, 2003:
Region V
17. Camarines
Norte Electric Cooperative, Inc. (CANORECO)
18. Camarines
Sur I Electric Cooperative, Inc. (CASURECO I)
19. Camarines
Sur II Electric Cooperative, Inc. (CASURECO II)
20. Camarines
Sur IV Electric Cooperative, Inc. (CASURECO IV)
Region X
21. Agusan
del Norte Electric Cooperative, Inc. (ANECO)
22. Agusan
del Sur Electric Cooperative, Inc. (ASELCO)
23. First
Bukidnon Electric Cooperative, Inc. (FIBECO)
24. Misamis
Occidental I Electric Cooperative, Inc. (MOELCI I)
25. Misamis
Occidental II Electric Cooperative, Inc. (MOELCI II)
26. Misamis
Oriental II Electric Cooperative, Inc. (MORESCO II)
27. Siargao
Electric Cooperative, Inc. (SIARELCO)
Region
XI
28. Surigao
del Sur I Electric Cooperative, Inc. (SURSECO I)
May 05, 2003