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THE National Electrification Administration (NEA) announced it has extended P846.71-million worth of loan assistance as of end-August this year to support the operations of 23 electric cooperatives (ECs). The NEA’s Accounting Management and Guarantee Department reported that 16 ECs borrowed a total of P411.86 million for their capital expenditures. These…
The Energy Regulatory Commission (ERC) has kicked off review of prevailing power supply agreements (PSAs) between generation companies and the distribution utilities (DUs), primarily the electric cooperatives (ECs), on efforts to bring down electricity rates in the country.
The scrutiny on the