GLOBALIZATION is heralding changes in the electric industry and the Nueva Vizcaya Electric Cooperative (Nuvelco) embarks on this new century movement to cope up with competition and demand for better service.

The Energy Regulatory Commission (ERC) lauded the Nueva Vizcaya Electric Cooperative and a number of Electric Cooperatives (ECs) that do not collect Bill Deposits from its customers. 

As a result of the recent audit and evaluation conducted by the ERC, it found out that Nuvelco is among those electric cooperatives not collecting bill deposits as compared with Meralco and other neighboring distribution utilities.  Based from records, ERC found that the distribution utilities, both private utilities and ECs, have collected an aggregate amount of approximately PhP26.280 Billion as of 23 January 2019 as Bill Deposits.