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Feed-In Tariff Allowance Rate Increase Notice

IMPORTANT NOTICE TO OUR VALUED CUSTOMERS

On 11 May 2018, the Energy Regulatory Commission (ERC) rendered a decision ERC Case No. 2016-192 RC, where the NATIONAL TRANSMISSION CORPORATION (TRANSCO) was granted a Php 0.0733/kWh increase in the FIT-ALL rate from its previous rate of Php 0.1830 to Php 0.2563/kWh.

Feed-in Tariff Allowance (FIT-ALL) is a uniform charge akin to the Universal Charge that is imposed on all On-Grid electricity consumers who are supplied with electricity through the distribution or transmission network. The FIT System as established under Section 7 of Republic Act No. 9513, otherwise known as the Renewable Energy Act of 2008 (RE Law).

Olongapo Electricity Distribution Co., Inc. (OEDC), as one of the designated “Collecting Agents” of the FIT-ALL under ERC Resolution No. 16, Series of 2010, as amended by Resolution No. 15, Series of 2012 (FIT-ALL Rules), adheres with the above ERC Decision by collecting the FIT-ALL to its customers with a newly approved rate of Php 0.2563/kWh effective June 2018 billing.

For your concerns and inquiries, kindly visit our office at #19 18th St., West Bajac-Bajac, Olongapo City or call our hotline no. (047) 222-9410.

Thank you.

OEDC Management

June 11th, 2018|

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