NOTICE TO ALL CUSTOMERS

Olongapo Electricity Distribution Company Inc. (OEDC Inc.) would like to inform its valued customers that it will be implementing its over/under recoveries net calculation in accordance with ERC Order dated 5 December 2019 and promulgated on 28 February 2020. This is in relation to our Over/Under Application docketed as ERC Case No. 2017-023 CF filed in March 2017.

According with the ERC Order, OEDC is directed to refund to its members-consumers the following amounts for a period of twelve (12) months starting March 2020 or until such time that the full amount shall have been refunded:

  1. Generation Rate over-recoveries amounting to Php 12,372,105 or equivalent rate of Php 0.0564/kWh;
  2. Transmission Rate over-recoveries amounting to Php 1,190,919 or equivalent rate broken down as follows:
Residential (0.0053) /kWh
Commercial (0.0052) /kWh
Government (0.0052) /kWh
Industrial (0.0053) /kWh
Lighting Service (0.0053) /kWh
Hospital (0.0048) /kWh
  1. Lifeline Subsidy rate over-recoveries amounting to Php 737,527 or equivalent rate of Php 0.0033/kWh

It is likewise stated in the ERC Order that OEDC is authorized to collect from its members-consumers the following amounts for a period of twelve (12) months starting March 2020 or until such time that the full amount shall have been collected:

  1. System Loss Rate under-recoveries amounting to Php 13,071,449 or equivalent rate of Php 0.0575/kWh;
  2. Senior Citizen Subsidy rate under-recoveries amounting to Php 4,164 or equivalent rate of Php 0.00002/kWh;

Consequently, OEDC will be refunding the net amount of P 1,224,938 or Php 0.0056/kWh for a period of twelve (12) months starting March 2020 or until such time that the full amount shall have been refunded.

For you information and guidance. Thank you.