Categories
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
Politics

ERWIN TULFO: SCRAP POWER SYSTEM LOSS CHARGES

Electric companies are gaining billions in profit because they charge system losses to the public, while consumers suffer from poverty. This remains the firm sentiment of Senate Committee on Energy Chairman Erwin Tulfo as he urged electric companies to cooperate in removing system loss charges from the electric bills of ordinary Filipinos. “The community is […]