ERC suspends pass-on costs of NGCP's franchise tax
The Energy Regulatory Commission (ERC) has suspended the 3% tax pass-on to consumers, which is part of the monthly transmission costs billed to Distribution Utilities..
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The Energy Regulatory Commission (ERC) has suspended the 3% tax pass-on to consumers, which is part of the monthly transmission costs billed to Distribution Utilities..
The Energy Regulatory Commission (ERC) has moved to stop the National Grid Corporation of the Philippines (NGCP) from passing on to consumers its 3-percent franchise tax. In a special commission meeting last August 8, the ERC suspended the effectivity of ERC Resolution No. 07, Series of 2011 on the inclusion…
ELECTRICITY consumers could see their monthly bills go down as regulators on Thursday reversed a more than 10-year-old ruling that allowed the operator of the country's power grid to pass on a franchise tax.