New Electric Bill Format to Reflect VAT-Exempt System Loss Charges

No more VAT on system loss in electricity bills starting October

While the VAT removal is still welcome relief, expect savings to be modest as the much larger underlying system loss charge is unlikely to disappear from electricity bills anytime soon

New electric bill format to reflect VAT-exempt system loss charges

In the new bill format, the allowable system loss charges are separately identified and excluded from gross sales for VAT computation.

Estrada pushes abolition of ‘unjust’ system loss charges

SEN. Jinggoy Estrada on Monday pressed for the abolition of system loss charges, saying consumers should not pay for electricity they did not use.Estrada sponsored Senate Bill 2474, or the proposed “System Loss Charges Abolition Act,” which seeks to permanently prohibit distribution utilities, electric cooperatives and other regulated power providers from passing system loss costs on to consumers.“It is unconscionable, to say the least, to allow…

Estrada wants refunds, stiff fines for system loss charges

By Wilnard Bacelonia MANILA – Power distributors that continue charging consumers for electricity lost in their systems would face multimillion-peso fines and be required to return prohibited collections with interest under a bill being pushed by Senator Jinggoy Estrada. In a news release Monday, Estrada said Senate Bill No. 2474, or the proposed System Loss […]