Republic of the Philippines

ENERGY REGULATORY COMMISSION

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ERC Releases Orders to Private DUs on the Regulatory Reset Cost Refund

The Energy Regulatory Commission (ERC), in an Order, issued its directive to the individual privately-owned electric distribution utilities (DUs) pertinent to the refund of the unutilized Regulatory Reset Cost plus any remaining amount from the previous regulatory period including the corresponding interests thereon.  In particular, the private DUs that were ordered to refund are the following:  (1) Cabanatuan Electric Corp. (CELCOR); (2) Clark Electric Distribution Corp. (CEDC); (3) Dagupan Electric Power Corp. (DECORP); (4) La Union Electric Company (LUECO); (5) San Fernando Electric Light and Power Co. (SFELAPCO); (6) Tarlac Electric, Inc. (TEI); (7) Bohol Light Company, Inc. (BLCI); (8) Cagayan Electric Power and Light Co. (CEPALCO); (9) Cotabato Light and Power Co. (CLPC); (10) Davao Light and Power Co. (DLPC); (11) Iligan Light and Power Co. (ILPI); and (12) Visayan Electric Company (VECO).

The amount to be refunded by the concerned private DUs are as follows: 

 

Distribution Utility

Total Amount to be Refunded

(Inclusive of Interest)

 

Amount per kWh

CELCOR

PhP602,070.00

PhP0.0309

CEDC

PhP 583,434.00

PhP0.0133

DECORP

PhP1,277,538

PhP0.0422

LUECO

PhP85,038.00

PhP0.0058

SFELAPCO

PhP1,395,821.00

PhP0.0252

TEI

PhP897,685.00

PhP0.0258

BLCI

PhP277,684.00

PhP0.0264

CEPALCO

PhP5,098,534.00

PhP0.0556

CLPC

PhP949,743.00

PhP0.0694

DLPC

PhP262,640.00

PhP0.0013

ILPI

PhP558,830.00

PhP0.0274

VECO

PhP8,885,965.00

PhP0.0447



As earlier announced by ERC, the one-time refund shall be reflected in the July 2019 billing as a separate line item in the bill.  The ERC ordered the refund of the amount collected from the DUs’ customers as Regulatory Reset Cost which remained unutilized.

“The Commission has ruled that regulation should be at the cost of the government, and we will consider the same ruling in our current review of the regulatory reset process.  We enjoin the privately-owned DUs to submit a report to the Commission on their compliance with our refund directive on or before 15 August 2019”, ERC Chairperson and CEO Agnes VST Devanadera averred.

 

Today at ERC
Friday, August 23, 2019

Hearing Schedules
Time:
10:00
Case No.:
2018-048 RC [EV]
Applicant:
NPC
Venue:
ERC Hearing Room (15th floor)
Title:
In the Matter of the Petition for the Approval of the Proposed New Subsidized Approved Generation Rate (SAGR) with Prayer for Provisional Authority

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