THE ENERGY Regulatory Commission (ERC) has directed distribution utilities to submit within 15 days documents relating to electricity consumers’ bill deposits, including the total amount collected, refunded and the balance remaining with them.
“With the upcoming inquiry by the House of Representatives, there is a need to update the data on bill deposits utilization to address the issues and concerns on this matter,” said Agnes T. Devanadera, ERC chairperson and chief executive officer, in a statement on Thursday.
The ERC said the data requested from the utilities are needed to update the agency’s data on bill deposits for the calendar year 2018. They are to submit the data within 15 days from receipt of the letters issued by the ERC.
In particular, the utilities were directed to submit the total amount of bill deposits collected from the effectivity of Magna Carta for Residential Electricity Consumers (MREC) up to March 31, 2018; and the total amount of interest earned and credited to the registered customers for the same period.
They are also to submit the total amount of bill deposits and interest refunded to the consumers from the effectivity of MREC up to March 31, 2018; and the total balance of bill deposits inclusive of interest earned less amounts refunded to registered customers during the period. — Victor V. Saulon
