00:00The Energy Regulatory Commission, or ERC, has barred power distributor from passing penalties and interest charges due to late tax
00:09payments onto consumers.
00:10The ERC said utilities may still recover legitimate local taxes, but must shoulder costs resulting from their own delays or
00:19mismanagement.
00:20ERC Chairperson Francis Satorning Juan explained that the updated rules aim to protect consumers from unjust charges while maintaining the
00:30financial stability of the power sector.
00:32Under the new policy, utilities must submit strict documentation and undergo verification before any tax-related costs can be included
00:40in electricity bills with a zero-tolerance policy for overcharging and mandatory refunds for any excess collections.
00:50ERC Chairperson Francis Satorning
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