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Government

ERC EXCLUDES SYSTEM LOSS CHARGE FROM VAT BASE

The Energy Regulatory Commission (ERC) approved a Resolution declaring the system loss charge as an inherent government-mandated pass-through cost that does not form part of the gross sales of Generation Companies (GCs), the National Grid Corporation of the Philippines (NGCP), and Distribution Utilities (DUs) for Value-Added Tax (VAT) purposes.   This measure, which if confirmed by […]

Categories
Government

ERC ADOPTS REFORMS FOR ELECTRIC BILL REFUNDS

The Energy Regulatory Commission (ERC) approved a resolution that adopts significant amendments to the Magna Carta for Residential Electricity Consumers. These changes aim to enhance consumers’ fundamental right to electric service and introduce more flexible, transparent, and consumer-friendly rules regarding bill deposits and refunds. The amendments were adopted in accordance with the Commission’s mandate under […]