The Philippine Rural Electric Cooperatives Association, Inc. (PHILRECA) has expressed its support for the proposal to eliminate the multiple value-added tax (VAT) on electricity, which is expected to result in lower power rates for consumers. In a statement on Thursday, May 22, PHILRECA said the...
Electric cooperatives (ECs) seeking exemption from local taxes, fees, and charges imposed by their local government units (LGUs) must meet performance standards set by the National Electrification Administration (NEA). According to the NEA, to qualify for the exemption, ECs will be evaluated on...
The Department of Energy (DOE) announced that all electric cooperatives (ECs) nationwide are exempted from taxes imposed by their local government units (LGUs). The memorandum was signed by Energy Secretary Raphael P.M. Lotilla and Finance Secretary Ralph G. Recto, represented by Undersecretary...
As Filipino consumers are continually stricken with the sting of outdated and expensive electricity rates, a lawmaker is pushing for a comprehensive investigation on the cause of delays on the rate reset or the warranted tariff adjustments of regulated entities as anchored on performance-based...
Being the lead agency overseeing regional power utilities, the National Electrification Administration (NEA) urged the country’s electric cooperatives (ECs) to procure insurance cover for their critical assets – especially the facilities that are vulnerable to damage or technical glitches when...
The ‘ may liwanag ang buhay ’ mantra did not prevail over the wrath of typhoon Carina after many parts of Metro Manila and nearby provinces were submerged into extreme flooding on Wednesday (July 24) and that triggered electricity service cut-off to many consumers, yet power utility giant...
By MYRNA M. VELASCO The magnitude of loans extended to the country’s electric cooperatives (ECs) had already surpassed P870 million mark within the first six months of the year, according to the National Electrification Administration. The government-run electrification agency specified that at...
The Department of Energy (DOE) will be rescinding its order mandating the conduct of joint competitive selection process (CSP) for the electric cooperatives (ECs) in their aggregated procurement of capacities from gas-fired power facilities. According to Energy Undersecretary Sharon S. Garin,...
The National Electrification Administration (NEA) has sternly cautioned the country’s 121 electric cooperatives (ECs) not to be tempted on exploiting the retirement fund of their employees or in utilizing them as convenient piggy bank ready for embezzlement. NEA Administrator Antonio Mariano...
Cleansing from misdeeds as well as review of categorization of the country’s more than 120 electric cooperatives (ECs) are being pushed following reports of less-than-desired operational outcomes of these power utilities. The call was put forward by Senate Committee on Energy Vice Chairman...
Via its partnership with the National Engineering Center of the University of the Philippines (UP-NEC), the National Electrification Administration (NEA) will fortify the competencies of the electric cooperatives (ECs) on matters relating to operational planning as well as in managing financial...
The magnitude of loans extended by the National Electrification Administration (NEA) to the electric cooperatives (EC) surpassed P1.0 billion mark last year, according to the government-owned agency. In a statement to the media, NEA emphasized that at least 28 electric cooperatives (ECs) availed of...
