Universal Charges This is a charge imposed on all electricity end-users as determined, fixed and approved by the ERC, pursuant to Section 34 of the EPIRA. It is remitted to the Power Sector Assets and Liabilities Management Corporation (PSALM), a government-owned and controlled corporation created by Republic Act No. 9136. At present, this includes the missionary electrification and environmental charges. Other possible components of the Universal Charge which are yet to be resolved by the ERC are: (A) Stranded Debts and Stranded Contract Costs of the NPC, (B) Stranded Contract Costs of Distribution Utilities, and (C) Equalization of the taxes and royalties applied to indigenous or renewable sources of energy vis-a-vis imported fuels. Under Universal Charges are the following: Environmental Charge is a universal charge that accrues to an environmental fund to be used solely for watershed rehabilitation and management. Such fund is managed by the National Power Corporation (NPC) under existing arrangements and, under Section 34(d) of the Republic Act No. 9136, or the Electric Power Industry Reform Act (EPIRA), is pegged at Php0.0025 per kWh. Missionary Electrification Charge is a universal charge to fund the electrification of remote and unviable areas, as well as areas not connected to the transmission system, as mandated under Section 70 of the EPIRA.
Posted on: Wed, 12 Mar 2014 11:11:15 +0000
Trending Topics
Recently Viewed Topics
© 2015