Land Bank of the Philippines is offering its "anti-bill shock" credit facility to distribution utilities (DUs) in the power industry to help them cushion the impact of surging electricity rates during the summer months. As conveyed to the Energy Regulatory Commission (ERC), the credit facility dubbed "Anti Bill Shock" lending program has been packaged as LandBank''s assistance to narrow and trim down Incremental power cost increase via bridge financing initiative to lower and spread out hot summer-triggered monthly consumption on consumers' electricity. The ERC explained that the loan facility will be provided to DUs to help augment their working capital, especially during summer months where, historically, a spike in consumers’ electricity consumption occurs. The regulatory body specified that the loan package “will help the DUs cushion the spike in electricity generation and distribution expenses due to high electricity demands.” According to ERC Chairperson Monalisa C. Dimalanta, the credit window is LandBank's answer to the call for help in ensuring the availability of sustainable and affordable energy for electricity consumers. She emphasized that LandBank's offer is also manifestation of how the government and private sector can work together “in finding solutions to provide some much-needed relief for our consumers.” The regulatory body highlighted that during the summer season, consumption patterns spark higher electricity demand which result to an increase in market price. With the loan program of the LandBank, the DUs would be able to spread out incremental increases on the monthly bills during summer months, thereby mitigating its significant impact on the consumers’ electricity bill. "This will provide relief to consumers by providing options in the payment schemes of their bills, through installment or payment on a staggered basis,” said Dimalanta. If DUs could opt for a credit facility with more viable interest rates, they can leverage in implementing rate adjustments that will not end up financially punishing to consumers.