The Energy Regulatory Commission has come out with the draft rules that will govern the monitoring and reporting process of bill deposits of consumers of distribution utilities.
The ERC said in a draft resolution the interest on the bill deposits should be credited annually to the bills of the registered customers.
“Thus, six months from the effectivity of these rules, all distribution utilities shall issue a statement of account to their consumers showing the total amount of bill deposit and accrued interest,” the draft paper said.
The ERC said the bill deposit should reflect the corresponding interests as a separate line item on the electricity bill, using the phrase Bill Deposit six months from the effectivity of the rules.
ERC also called for more transparency in the imposition of the bill deposit by requiring the distribution utilities to disclose in their respective websites information on the bill deposit, including the computation.