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The ‘power bloc’ of the House of Representatives renewed its commitment to promoting the rights of both electric cooperatives (ECs) and member-consumer-owners (MCOs) following the passage of two measures–House Bill 8145 and House Bill 8203–aimed at extending the implementation of lifeline rate subsidy and promoting the use of microgrid systems in the country. The […]
The National Electrification Administration (NEA) disbursed P440-million worth of loans, including calamity loans, to 20 electric cooperatives (ECs) last year. Data from the NEA Accounts Management and Guarantee Department (AMGD) showed that the total loans extended to ECs from January to December 2020 reached P439.983 million. Of the total calamity loans released by the NEA […]
State-run National Electrification Administration (NEA) exhorted the 121 electric cooperatives (ECs) to increase efforts towards the completion of the government’s rural electrification program. NEA Administrator Edgardo Masongsong made the statement Tuesday, December 1, at the 41st Annual General Membership Meeting (AGMM) and Year-end Strategic Conference of the Philippine Rural Electric Cooperatives Association, Inc. (PHILRECA). “Rural Electrification […]
The National Electrification Administration (NEA) recognized the role played by the Philippine Rural Electric Cooperatives Association, Inc. (PHILRECA) in the restoration of electricity in provinces hit by the recent typhoons. NEA Administrator Edgardo Masongsong issued the statement on Tuesday, December 1, as he congratulated PHILRECA on the occasion of its 41st Annual General Membership Meeting (AGMM) […]
Help is on the way to Bicol provinces, Marinduque and Mindoro as hundreds of workers from different electric cooperatives (ECs) in Luzon and Visayas started their travel to these areas on Wednesday to aid in power restoration after typhoons Quinta and Rolly, the National Electrification Administration (NEA) said. NEA Administrator Edgardo Masongsong said a total […]
Electric cooperatives (ECs) continue to work on restoring electricity to provinces devastated by Typhoon Quinta, the National Electrification Administration (NEA) said. As of Tuesday (October 27), the NEA Disaster Risk Reduction and Management Department (DRRMD) said power was fully restored in the coverage areas of First Laguna Electric Cooperative, Inc. (FLECO), Sorsogon I Electric Cooperative, […]
The National Electrification Administration (NEA) ordered the electric cooperatives (ECs) to make the necessary preparations for Tropical Storm “Pepito.” which made landfall over the coast of Aurora-Isabela. The NEA Disaster Risk Reduction and Management Department (DRRMD) issued an advisory on Monday, October 19, for the 121 ECs to ensure that appropriate contingency measures are in […]
The National Electrification Administration (NEA) has enjoined anew all electric cooperatives (ECs) in the country to provide consumers a grace period and staggered payment for electricity bills falling due within the community quarantine period. NEA Administrator Edgardo Masongsong issued Memorandum No. 2020-047, endorsing the recent advisory of the Department of Energy (DOE) on providing a […]
The National Electrification Administration (NEA) exceeded its full-year target for lending to electric cooperatives (ECs) nationwide in just nine months of 2020. Loan disbursements, including calamity loans, to ECs between January to September this year totaled P364.542 million, data from the NEA Accounts Management and Guarantee Department (AMGD) showed. Excluding calamity loans, the NEA has […]
The National Electrification Administration (NEA) collected P773.91 million in loan amortization payments from the electric cooperatives (ECs) in the first six months of 2020. This translates to 95.90-percent collection efficiency, the NEA Finance Services Department said in a report submitted to Administrator Edgardo Masongsong. NEA offers various loan windows to qualified ECs, such as regular, […]