On June 2009, the bill from National Grid Corporation of the Philippines (NGCP) has increased due to the increase in the ancillary services.
These services are essential in maintaining power quality, reliability and security of the Philippine grid. An average of 0.0531 pesos per kwh (p/kWh) have increased in June 2009 compared to May 2009 transmission charge.

To wit,  the transmission charge of street light customers  in June 2009 is 0.1927 pesos per kWh from 0.1789 p/kWh in May 2009.  Residential customers are billed with 0.6544 p/kWh in June from 0.6086 p/kWh in May. 0.6938p/kWh for General Service customers for the month of June from 0.6431 p/kWh in May.  General Power customers are billed with 0.7287p/kWh in June from a 0.6745 p/kWh in May.  Bulk power, Wholesale power and Special wholesale power customers are billed with 221.27p/kW, 273.70p/kW and 319.22 p/kW respectively for the month of June from a 204.61p/kW, 254.92p/kW and 293.28 p/kW respectively for the month of May.

In accordance with the guidelines set by ERC on the adjustments of transmission rates, VECO shall recover allowable transmission cost from the customers in an efficient and timely manner.  The transmission charge on the customer bill is dependent on the transmission cost billed by NGCP to VECO.  Any increase or decrease in the NGCP bill would likewise increase or decrease the transmission charge of VECO’s customer.

Reports have reached VECO of fake billing statement/s being used by unscrupulous persons. In this regard, we would like to inform the general public to be extra careful when someone uses a VECO bill for purposes like proof of billing.

For its part, VECO accommodates verification of accounts especially to determine whether it is existent or not. For your protection, please call 230-VECO (8326) and provide our Call Center Service Representative the Account Number found on the upper left corner of the bill.

This month (June 2009), VECO is crediting the interest earned on the customers’ Bill Deposit for January to December 2008. The interest is either added to the individual customer’s Bill Deposit to correspond with their average monthly bill for the year 2008 or deducted to the bill this month. This is pursuant to the rules and regulations by the Energy Regulatory Commission (ERC) on the Distribution Services and Open Access Rules (DSOAR) and the Magna Carta for Residential Consumers.