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Power coops reduce system loss

Media Release

24 June 2014

The Electric Cooperatives being supervised by the National Electrification Administration (NEA) posted an average record low of 11.61% in 2013, a reduction of 0.13% from the 11.74% in 2012 and 1.39% lower than the 13% cap set by the Energy Regulatory Commission (ERC). The reduction in system loss has an equivalent savings of 18,186,951.01 kwh or about Php124,471,493 for the ECs’ member-consumers.

 

Administrator Edita S. Bueno said, “Strategic interventions are being undertaken to address the reduction of system loss of the electric cooperatives in order for them to be operationally efficient and be of better service to their member-consumers. Lower system loss would also mean lower cost of electricity rates.”


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PNoy’s SEP target of 32,441 sitios on track despite calamities; 10 millionth household energized

Media Release

19 June 2014

The electrification of 32,441 sitios under the Aquino Presidency is on track in spite of massive power restoration activities in the calamity-affected areas since the last quarter of 2013.

 

The Sitio Electrification Program (SEP), being implemented by the National Electrification Administration (NEA) and the electric cooperatives (ECs) nationwide, is part of President Benigno S. Aquino III’s Social Contract with the Filipino people and is included in the Investment Agenda of his administration.


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NEA remits Php148M to national government

Media Release

11 June 2014

The National Electrification Administration (NEA) has remitted a total of PhP148.23 million to the national government as dividends due from NEA’s net earnings for 2013.

 

The state-run agency is among the first government-owned and controlled corporations (GOCCs) to pay the required dividends due the government during the GOCC Dividends Day held at the Rizal Hall of Malacañang Palace on June 9, 2014.


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