Defining the News
State-run National Power Corp. is seeking approval from the Energy Regulatory Commission to avail of missionary electrification share from the universal charge amounting to P175.621 billion as of August 2023.
NPC, as the implementing agency for ME, said it is duty-bound to ensure the provision of the estimated subsidy requirements needed in the electrification of missionary areas or far-flung areas from the universal charge collected from electricity end-users as determined by the ERC. NPC said off-grid electrification costs are often beyond the capacity of most household consumers to pay because of lack of resources and opportunity or option that the progressive or viable areas could provide or are providing.
NPC said that through the mandated UCME subsidy, the provision of electricity becomes affordable and, at the same time, spurs economic activity and facilitates the delivery of basic services to the off-grid consumers.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Manila Standard Business, Author at Manila StandardDefining the News
Read more »
Julito G. Rada, Author at Manila StandardDefining the News
Read more »
Vito Barcelo, Author at Manila StandardDefining the News
Read more »
Top Stories Archives - Manila StandardDefining the News
Read more »
Pinoy Abroad Archives - Manila StandardDefining the News
Read more »
Editorial Archives - Manila StandardDefining the News
Read more »