Republic of the Philippines

ENERGY REGULATORY COMMISSION

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ERC Orders 3 DUs to Refund Over Collections Charged to Consumers

     In a separate Notice of Resolution issued to Central Negros Electric Cooperative, Inc. (CENECO), Pangasinan I Electric Cooperative, Inc. (PANELCO I) and La Union Electric Company, Inc. (LUECO), the Energy Regulatory Commission (ERC) directed the concerned Distribution Utilities (DUs) to refund the total over-recoveries charged to their respective customers.  

     “The Commission resolved to approve with modifications the respective applications of CENECO, PANELCO I and LUECO for the approval of the over/under recoveries based on the formula on the various Automatic Cost Adjustments and True Up Mechanisms and corresponding confirmation process,” said ERC Chairperson and CEO Agnes VST Devanadera.

     The ERC ordered CENECO to implement the refund of total net over-recoveries amounting to PhP237,949,425.51.  The said total over-recoveries were incurred for the period from February 2004 to December 2017.  For PANELCO I, it was directed to implement its total net over-recoveries in the amount of PhP24,903,380.09 for the period covering January 2014 to December 2016.  LUECO, on the other hand, was determined to have a total over-recovery in the amount of PhP31,039,213.33 for the period covering January 2014 to December 2016.

     The DUs were directed to submit a monthly report showing the effected refund until the amount shall have been fully refunded.  

     “The Commission issues the Notice of Resolution so that the concerned DUs can already reflect the necessary bill adjustment and the consumers, in turn, will immediately benefit from the refund, considering the time between the approval of the Commission and the promulgation the official Decision.  The relevant formal Decision will be issued as soon as possible,” ERC Chair Devanadera added.

 

Today at ERC
Wednesday, July 6, 2022

Hearing Schedules
Time:
09:00
Case No.:
2021-094 RC [JU] [EX]
Applicant:
SURNECO
Venue:
Virtual Hearing: Platform - MS TEAMS
Title:
CAPEX
Time:
09:00
Case No.:
2022-010 CF [JU] [EX]
Applicant:
ZAMSURECO II
Venue:
Virtual Hearing: Platform - MS TEAMS
Title:
OUR
Time:
14:00
Case No.:
2022-003 CF [JU] [EX]
Applicant:
SULECO
Venue:
Virtual Hearing: Platform - MS TEAMS
Title:
OUR
Time:
14:00
Case No.:
2022-009 CF [JU] [EX]
Applicant:
MORESCO II
Venue:
Virtual Hearing: Platform - MS TEAMS
Title:
OUR
Time:
14:00
Case No.:
2022-013 MC [JU] [EX]
Applicant:
HEDCOR
Venue:
Virtual Hearing: Platform - MS TEAMS
Title:
PTP

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