NUVELCO attends ERC’s PSA Caravan

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.

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