The Philippine Health Insurance Corporation (PHILHEALTH) conferred the Highest Compliance Award for Premium Remittance and Reporting to the Nueva Vizcaya Electric Cooperative (NUVELCO) on April 13, 2023 at Villa Diana in Cordon, Isabela. 

NUVELCO was recognized for its exemplary compliance with PHILHEALTH's regulatory standards, particularly in the areas of premium remittance and reporting. The award is a testament to NUVELCO's commitment to promoting good governance and transparency in its operations. 

The co-op Cashier Amy Laccay and Payroll Officer Judith Tiglao accepted the award in behalf of NUVELCO General Manager Fredel L. Salvador. #

NUVELCO Board and management attended the Power Supply Agreement Caravan for Distribution Utilities sponsored by the Energy Regulatory Commission (ERC) on February 16, 2023 in Cauayan City, Isabela. 

The caravan is part of the drive of ERC to discuss issues appertaining to rate increase and clarify matters that affect contract as regards power supply. 

The PSA Caravan is the ERC's grassroots-based efforts to evaluate primarily the generation component of consumers' electricity bills. Generation charge constitutes almost sixty percent (60%) of the power bill and accounts for the cost of power generated and sold to distribution utilities (DUs) by generation companies under PSAs or through the Wholesale Electricity Spot Market (WESM) which the utilities then supply to their customers.