INEC Still Awaits Discount Formula for Senior Citizens

DINGRAS, Ilocos Norte (Aug. 26) – Ilocos Norte Electric Cooperative General Manager Renato Balintec reported that the Energy Regulatory Commission has not yet released the formula on how to implement the 20% discount to power consumption of senior citizens who are registered member-consumers of the coop.

However, GM Balintec said in case the Senior Citizens 20% discount is implemented, ERC might ask the INEC management to pass on the 20% losses to the general consumers.

“We shall wait for the ERC formula hoping it will be beneficial to all parties”, he said.