Energy Regulatory Commission (ERC) revealed twenty (20) power distributors in Luzon may be penalized for not filing their applications to recover pass-through costs.
Despite the deadline passing, the ERC reported that these Luzon power distribution utilities (DUs) have not yet submitted their applications for automatic cost adjustment and true-up mechanisms.
The DUs facing potential penalties include Abra Electric Cooperative Inc. (ABRECO), Albay Electric Cooperative Inc. (ALECO), First Bay Power Corp. (FBPC), First Laguna Electric Cooperative Inc. (FLECO), Ibaan Electric Corp. (IEC), Ilocos Norte Electric Cooperative Inc. (INEC), Isabela I Electric Cooperative Inc. (ISELCO I), Isabela II Electric Cooperative (ISELCO II), Kalinga-Apayao Electric Cooperative Inc. (KAELCO), Masbate Electric Cooperative Inc. (MASELCO), Nueva Ecija I Electric Cooperative Inc. (NEECO I), Nueva Vizcaya Electric Cooperative Inc. (NUVELCO), Oriental Mindoro Electric Cooperative Inc. (ORMECO), Pangasinan I Electric Cooperative Inc. (PANELCO I), Pampanga II Electric Cooperative Inc. (PELCO II), Quirino Electric Cooperative Inc. (QUIRELCO), San Fernando Electric Light & Power Company Inc. (SFELAPCO), Ticao Island Electric Cooperative Inc. (TISELCO), Zambales I Electric Cooperative Inc. (ZAMECO I), and Zambales II Electric Cooperative Inc. (ZAMECO II).
ERC earlier warned Luzon DUs last month that failing to submit their complete over and/or under-recovery application and supporting documents by May 30 could lead to administrative sanctions and penalties.
Moreover, the ERC cautioned that if the DUs fail to meet the requirements within the specified timeframe, their authority to impose pass-through charges on consumers may be suspended.
This measure guarantees accountability and acts as a safeguard against imposing excessive burdens on electricity consumers.