ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - MAIN GRID
For the billing Month January 2024

TYPE OF CHARGE	CUSTOMER CLASS		RESIDENTIAL		LOW VOLTAGE					HIGHER VOLTAGE
TYPE OF CHARGE	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Irrigartion/ Water system	Public Buildings	Street Lights	Industrial	Industrial	Commercial
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	5.8018	5.8018	5.8018	5.8018	5.8018	5.8018	5.8018	5.8018	5.8018
		GRAM Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)								172.7300	172.7300
		Transmission System Charge (Php/kWh)	0.6836	0.6836	0.7983	0.7983	0.7983	0.7983	0.7983	-	-
3	SYSTEM LOSS CHARGE (Php/kWh)	0.6350	0.6350	0.6350	0.6350	0.6350	0.6350	0.6350	0.6350	0.6350
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)								167.56	167.56
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	0.4441	0.4441
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)			46.60	46.60	46.60	46.60	46.60	46.60	46.60
		Supply System Charge (Php/kWh)	0.5376	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	5.00	32.78	32.78	32.78	32.78	32.78	32.78	32.78
		Metering System Charge (Php/kWh)	0.3205	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.2477		0.2477	0.2477	0.2477	0.2477	0.2477	0.2477	0.2477
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.6348	0.6348	0.6348	0.6348	0.6348	0.6348	0.6348	0.6348	0.6348
		Transmission Vat (Php/kWh)	0.0731	0.0731	0.0854	0.0854	0.0854	0.0854	0.0854	0.0700	0.0700
		System Loss Vat (PhP/kWh)	0.0693	0.0693	0.0693	0.0693	0.0693	0.0693	0.0693	0.0693	0.0693
		Distribution Vat	0.1943	0.1920	0.0893	0.0893	0.0893	0.0893	0.0893	0.0360	0.0360
		GRAM Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
TRANSCO	12	FIT-All (Renewable) (PhP/kWh)	-		-	-	-	-	-	-	-
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0192		0.0192	0.0192	0.0192	0.0192	0.0192	0.0192	0.0192
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020
	15	BUSINESS TAX
	16.a.	Cabugao LGU	0.0071	0.0071	0.0071	0.0071	0.0071	0.0071	0.0071	0.0071	0.0071
	16.b.	Candon LGU	0.0055	0.0055	0.0055	0.0055	0.0055	0.0055	0.0055	0.0055	0.0055
	16.c.	Narvacan LGU	0.0045	0.0045	0.0045	0.0045	0.0045	0.0045	0.0045	0.0045	0.0045
	16.d.	Santiago LGU	0.0059	0.0059	0.0059	0.0059	0.0059	0.0059	0.0059	0.0059	0.0059
	16.e.	Sta. Cruz LGU	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020
	16.f.	Vigan LGU	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002
TOTAL		RATE per KWH	9.0341	8.7225	8.2735	8.2735	8.2735	8.2735	8.2735	7.0311	7.0311
		Other LGUs	9.0341	8.7225	8.2735	8.2735	8.2735	8.2735	8.2735	7.0311	7.0311
		Cabugao LGU	9.0413	8.7296	8.2806	8.2806	8.2806	8.2806	8.2806	7.0382	7.0382
		Candon LGU	9.0396	8.7279	8.2789	8.2789	8.2789	8.2789	8.2789	7.0366	7.0366
		Narvacan LGU	9.0386	8.7270	8.2780	8.2780	8.2780	8.2780	8.2780	7.0356	7.0356
		Santiago LGU	9.0401	8.7284	8.2794	8.2794	8.2794	8.2794	8.2794	7.0371	7.0371
		Sta. Cruz LGU	9.0361	8.7245	8.2755	8.2755	8.2755	8.2755	8.2755	7.0331	7.0331
		Vigan LGU	9.0343	8.7227	8.2737	8.2737	8.2737	8.2737	8.2737	7.0313	7.0313

		12% Vat on Rate Per kWh	0.9716	0.9693	0.8789	0.8789	0.8789	0.8789	0.8789	0.8101	0.8101

		Rate per kWh Including VAT	10.0058	9.6918	9.1523	9.1523	9.1523	9.1523	9.1523	7.8412	7.8412
		Other LGUs	10.0058	9.6918	9.1523	9.1523	9.1523	9.1523	9.1523	7.8412	7.8412
		Cabugao LGU	10.0129	9.6989	9.1595	9.1595	9.1595	9.1595	9.1595	7.8484	7.8484
		Candon LGU	10.0112	9.6972	9.1578	9.1578	9.1578	9.1578	9.1578	7.8467	7.8467
		Narvacan LGU	10.0102	9.6962	9.1568	9.1568	9.1568	9.1568	9.1568	7.8457	7.8457
		Santiago LGU	10.0117	9.6977	9.1583	9.1583	9.1583	9.1583	9.1583	7.8472	7.8472
		Sta. Cruz LGU	10.0078	9.6938	9.1543	9.1543	9.1543	9.1543	9.1543	7.8432	7.8432
		Vigan LGU	10.0060	9.6920	9.1525	9.1525	9.1525	9.1525	9.1525	7.8414	7.8414

		Rate per Customer Charge	5.00	5.00	79.38	79.38	79.38	79.38	79.38	79.38	79.38
		12% VAT on Customer Charge	0.60	0.60	9.53	9.53	9.53	9.53	9.53	9.53	9.53
		Distribution Demand Charge (Per kW)	-	-	-	-	-	-	-	167.56	167.56
		12% Vat on Distribution Demand Charge	-	-	-	-	-	-	-	20.11	20.11
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated
January 11, 2010 on Case No. 2009-088 RC with provisional authority.
2. Starting June 2015, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through
NEA Loans subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015,
an order dated August 17, 2015 covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines (NGCP)
to "extend the collection of the provisionally approved UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
4. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms
as embodied on ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective February 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Starting March 2018 billing, contestable market will be included as an additional customer class since PMFTC has opted to entered a RES Agreement with First Gen.
9. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
10. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”,
the temporary suspension in the collection of the FIT-All for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”
which extends the temporary suspension in the collection of the FIT-All for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers
and business taxes of P.0071, P.0055, P.0045, P.0059, P.0020 and P.0002 are charged to Cabugao, CAndon, Narvacan, Santiago, Sta. Cruz and Vigan LGUs, respectively.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023

Prepared by:			Checked by:			Reviewed by:			Approved by:


IONE E. ORPILLA			VIRNA CRISTINA E. VALDEZ			JOYMA A. PONCE			LAWRENCE A. SEVERO
OIC Accountant/Senior Bookkeeper			OIC, Finance Department			Internal Audit Manager			Acting General Manager



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ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - SISTER COOP
For the billing Month January 2024

TYPE OF CHARGE	CUSTOMER CLASS		MOPRECO/BENECO						LUELCO				Sallacong & Matibuey
	NO.	Description	Residential		Low Voltage			Higher Voltage	Residential	Low Voltage		Higher Voltage	Residential
	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Pub. Bldg.	Industrial	Commercial	BAPA	Commercial	Pub. Bldg.	Commercial	BAPA
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	6.7105	6.7105	6.7105	6.7105	6.7105	6.7105	8.4292	8.4292	8.4292	8.4292	5.8018
		GRAM Rate Charge (Php/kWh)											-
		ICERA Rate Charge (Php/kWh)											-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)
		Transmission System Charge (Php/kWh)											0.6836
3	SYSTEM LOSS CHARGE (Php/kWh)	0.7851	0.7851	0.7851	0.7851	0.7851	0.7851	0.6162	0.6162	0.6162	0.6162	0.6350
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)	-	-	-	-	-	167.56	-	-	-	167.56	-
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	-	0.4613	0.4441	0.4441	-	0.4613
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)	-	-	46.60	46.60	46.60	46.60	-	46.60	46.60	46.60	-
		Supply System Charge (Php/kWh)	0.5376	0.5376	-	-	-	-	0.5376	-	-	-	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	-	32.78	32.78	32.78	32.78	5.00	32.78	32.78	32.78	5.00
		Metering System Charge (Php/kWh)	0.3205	-	-	-	-	-	0.3205	-	-	-	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.2477		0.2477	0.2477	0.2477	0.2477	0.2477	0.2477	0.2477	0.2477	0.2477
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.6803	0.6803	0.6803	0.6803	0.6803	0.6803	0.9083	0.9083	0.9083	0.9083	0.6348
		Transmission Vat (Php/kWh)	-	-	-	-	-	-	-	-	-	-	0.0731
		System Loss Vat (PhP/kWh)	0.0777	0.0777	0.0777	0.0777	0.0777	0.0777	0.0664	0.0664	0.0664	0.0664	0.0693
		Distribution Vat	0.1943	0.1535	0.0893	0.0893	0.0893	0.0360	0.1943	0.0893	0.0893	0.0360	0.1943
		GRAM Rate - VAT Charge (Php/kWh)											-
		ICERA Rate - VAT Charge (Php/kWh)											-
TRANSCO	12	FIT-All) (Renewable) (PhP/kWh)	-		-	-	-	-	-	-	-	-	-
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0192		0.0192	0.0192	0.0192	0.0192	0.0192	0.0192	0.0192	0.0192	0.0192
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0020		0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020
TOTAL		RATE per KWH	9.4093	8.7751	8.5340	8.5340	8.5340	8.0899	10.9590	10.0837	10.0837	9.6396	9.0341
		12% Vat on Rate Per kWh	0.9523	0.9115	0.8473	0.8473	0.8473	0.7940	1.1690	1.0640	1.0640	1.0107	0.9716
		Rate per kWh Including VAT	10.3616	9.6866	9.3812	9.3812	9.3812	8.8839	12.1280	11.1477	11.1477	10.6503	10.0058	-
		Rate per Customer Charge	5.00	-	79.38	79.38	79.38	79.38	5.00	79.38	79.38	79.38	5.00
		12% VAT on Customer Charge	0.60	-	9.53	9.53	9.53	9.53	0.60	9.53	9.53	9.53	0.60
		Distribution Demand Charge (Per kW)						167.56				167.56	-
		12% Vat on Distribution Demand Charge						20.11				20.11	-
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated January 11, 2010 on Case No. 2009-088 RC with
provisional authority.
2. Included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through NEA Loans
subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. Since it is difficult to distinguish as to which areas are being served by MOPRECO or BENECO, billing rates were computed using the blended cost of the two utilities.
4. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015, an order dated August 17, 2015
covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines(NGCP) to "extend the collection of the provisionally approved
UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
5. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms as embodied on ERC's decision
ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to ABRECO consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
9. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective the April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”, the temporary suspension in the collection of the FIT-All
for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)” , which extends the temporary suspension in the collection of the FIT-All
for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023

Prepared by:			Checked by:				Reviewed by:				Approved by:


IONE E. ORPILLA			VIRNA CRISTINA E. VALDEZ				JOYMA A. PONCE				LAWRENCE A. SEVERO
OIC Accountant/Senior Bookkeeper			OIC, Finance Department				Internal Audit Manager				Acting General Manager


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ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - MAIN GRID
For the billing Month February 2024

TYPE OF CHARGE	CUSTOMER CLASS		RESIDENTIAL		LOW VOLTAGE					HIGHER VOLTAGE
TYPE OF CHARGE	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Irrigartion/ Water system	Public Buildings	Street Lights	Industrial	Industrial	Commercial
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	4.7208	4.7208	4.7208	4.7208	4.7208	4.7208	4.7208	4.7208	4.7208		5.8018	(1.0810)
		GRAM Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-			-
		ICERA Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-			-
	2	TRANSMISSION CHARGE												-
		Demand Charge (Php / kW)								172.6400	172.6400			-
		Transmission System Charge (Php/kWh)	0.7082	0.7082	0.8044	0.8044	0.8044	0.8044	0.8044	-	-		0.6836	0.0246
3	SYSTEM LOSS CHARGE (Php/kWh)	0.5392	0.5392	0.5392	0.5392	0.5392	0.5392	0.5392	0.5392	0.5392		0.6350	(0.0958)
	System Loss Refund - January 2014 (Php/kWh)												-
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE												-
		Demand Charge (Php/kW)								167.56	167.56			-
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	0.4441	0.4441				0.4613	-
	5	SUPPLY CHARGE												-
		Retail Customer Charge (Php/customer/mo.)			46.60	46.60	46.60	46.60	46.60	46.60	46.60			-
		Supply System Charge (Php/kWh)	0.5376	0.5376									0.5376	-
	6	METERING CHARGE												-
		Retail Customer Charge (Php/Customer/mo)	5.00	5.00	32.78	32.78	32.78	32.78	32.78	32.78	32.78		5.0000	-
		Metering System Charge (Php/kWh)	0.3205	0.3205									0.3205	-
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178		0.2178	-
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381		0.0381	-
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247		0.0247	-
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES												-
		Missionary Electrification-NPC-SPUG	0.2477		0.2477	0.2477	0.2477	0.2477	0.2477	0.2477	0.2477		0.2477	-
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017		0.0017	-
		Environmental Charge	-		-	-	-	-	-	-	-		-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-		-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428		0.0428	-
	11	VALUE ADDED TAX												-
		Generation Vat (Php/kWh)	0.4285	0.4285	0.4285	0.4285	0.4285	0.4285	0.4285	0.4285	0.4285			0.4285
		Transmission Vat (Php/kWh)	0.0757	0.0757	0.0860	0.0860	0.0860	0.0860	0.0860	0.0724	0.0724			0.0757
		System Loss Vat (PhP/kWh)	0.0501	0.0501	0.0501	0.0501	0.0501	0.0501	0.0501	0.0501	0.0501			0.0501
		Distribution Vat	0.1925	0.1920	0.0875	0.0875	0.0875	0.0875	0.0875	0.0342	0.0342			0.1925
		GRAM Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-			-
		ICERA Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-			-
TRANSCO	12	FIT-All (Renewable) (PhP/kWh)	0.0364		0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364		-	0.0364
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0041		0.0041	0.0041	0.0041	0.0041	0.0041	0.0041	0.0041		0.0192	(0.0151)
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003		0.0003	(0.0000)
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020		0.0020	-
	15	BUSINESS TAX
	16.a.	Cabugao LGU	0.0071	0.0071	0.0071	0.0071	0.0071	0.0071	0.0071	0.0071	0.0071		0.0071	-
	16.b.	Candon LGU	0.0055	0.0055	0.0055	0.0055	0.0055	0.0055	0.0055	0.0055	0.0055		0.0055	-
	16.c.	Narvacan LGU	0.0045	0.0045	0.0045	0.0045	0.0045	0.0045	0.0045	0.0045	0.0045		0.0045	-
	16.d.	Santiago LGU	0.0059	0.0059	0.0059	0.0059	0.0059	0.0059	0.0059	0.0059	0.0059		0.0059	-
	16.e.	Sta. Cruz LGU	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020		0.0020	-
	16.f.	Vigan LGU	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002		0.0002	-
TOTAL		RATE per KWH	7.9032	7.5702	7.1241	7.1241	7.1241	7.1241	7.1241	5.8755	5.8755
		Other LGUs	7.9032	7.5702	7.1241	7.1241	7.1241	7.1241	7.1241	5.8755	5.8755		9.0341	(1.1309)
		Cabugao LGU	7.9103	7.5773	7.1312	7.1312	7.1312	7.1312	7.1312	5.8826	5.8826
		Candon LGU	7.9086	7.5756	7.1295	7.1295	7.1295	7.1295	7.1295	5.8810	5.8810
		Narvacan LGU	7.9076	7.5747	7.1285	7.1285	7.1285	7.1285	7.1285	5.8800	5.8800
		Santiago LGU	7.9091	7.5761	7.1300	7.1300	7.1300	7.1300	7.1300	5.8815	5.8815
		Sta. Cruz LGU	7.9052	7.5722	7.1261	7.1261	7.1261	7.1261	7.1261	5.8775	5.8775
		Vigan LGU	7.9034	7.5704	7.1243	7.1243	7.1243	7.1243	7.1243	5.8757	5.8757

		12% Vat on Rate Per kWh	0.7468	0.7463	0.6521	0.6521	0.6521	0.6521	0.6521	0.5852	0.5852

		Rate per kWh Including VAT	8.6500	8.3165	7.7762	7.7762	7.7762	7.7762	7.7762	6.4607	6.4607
		Other LGUs	8.6500	8.3165	7.7762	7.7762	7.7762	7.7762	7.7762	6.4607	6.4607
		Cabugao LGU	8.6571	8.3236	7.7833	7.7833	7.7833	7.7833	7.7833	6.4678	6.4678
		Candon LGU	8.6555	8.3219	7.7816	7.7816	7.7816	7.7816	7.7816	6.4661	6.4661
		Narvacan LGU	8.6545	8.3210	7.7806	7.7806	7.7806	7.7806	7.7806	6.4652	6.4652
		Santiago LGU	8.6559	8.3224	7.7821	7.7821	7.7821	7.7821	7.7821	6.4666	6.4666
		Sta. Cruz LGU	8.6520	8.3185	7.7781	7.7781	7.7781	7.7781	7.7781	6.4627	6.4627
		Vigan LGU	8.6502	8.3167	7.7764	7.7764	7.7764	7.7764	7.7764	6.4609	6.4609

		Rate per Customer Charge	5.00	5.00	79.38	79.38	79.38	79.38	79.38	79.38	79.38
		12% VAT on Customer Charge	0.60	0.60	9.53	9.53	9.53	9.53	9.53	9.53	9.53
		Distribution Demand Charge (Per kW)	-	-	-	-	-	-	-	167.56	167.56
		12% Vat on Distribution Demand Charge	-	-	-	-	-	-	-	20.11	20.11
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated
January 11, 2010 on Case No. 2009-088 RC with provisional authority.
2. Starting June 2015, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through
NEA Loans subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015,
an order dated August 17, 2015 covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines (NGCP)
to "extend the collection of the provisionally approved UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
4. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms
as embodied on ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective February 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Starting March 2018 billing, contestable market will be included as an additional customer class since PMFTC has opted to entered a RES Agreement with First Gen.
9. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
10. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”,
the temporary suspension in the collection of the FIT-All for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”
which extends the temporary suspension in the collection of the FIT-All for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers
and business taxes of P.0071, P.0055, P.0045, P.0059, P.0020 and P.0002 are charged to Cabugao, CAndon, Narvacan, Santiago, Sta. Cruz and Vigan LGUs, respectively.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).

Prepared by:			Checked by:			Reviewed by:			Approved by:


IONE E. ORPILLA			VIRNA CRISTINA E. VALDEZ			JOYMA A. PONCE			LAWRENCE A. SEVERO
OIC Accountant/Senior Bookkeeper			OIC, Finance Department			Internal Audit Manager			Acting General Manager



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ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - SISTER COOP
For the billing Month February 2024

TYPE OF CHARGE	CUSTOMER CLASS		MOPRECO/BENECO						LUELCO				Sallacong & Matibuey
	NO.	Description	Residential		Low Voltage			Higher Voltage	Residential	Low Voltage		Higher Voltage	Residential
	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Pub. Bldg.	Industrial	Commercial	BAPA	Commercial	Pub. Bldg.	Commercial	BAPA
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	6.8378	6.8378	6.8378	6.8378	6.8378	6.8378	8.4825	8.4825	8.4825	8.4825	4.7208
		GRAM Rate Charge (Php/kWh)											-
		ICERA Rate Charge (Php/kWh)											-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)
		Transmission System Charge (Php/kWh)											0.7082
3	SYSTEM LOSS CHARGE (Php/kWh)	0.8069	0.8069	0.8069	0.8069	0.8069	0.8069	0.6099	0.6099	0.6099	0.6099	0.5392
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)	-	-	-	-	-	167.56	-	-	-	167.56	-
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	-	0.4613	0.4441	0.4441	-	0.4613
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)	-	-	46.60	46.60	46.60	46.60	-	46.60	46.60	46.60	-
		Supply System Charge (Php/kWh)	0.5376	0.5376	-	-	-	-	0.5376	-	-	-	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	-	32.78	32.78	32.78	32.78	5.00	32.78	32.78	32.78	5.00
		Metering System Charge (Php/kWh)	0.3205	-	-	-	-	-	0.3205	-	-	-	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.2477		0.2477	0.2477	0.2477	0.2477	0.2477	0.2477	0.2477	0.2477	0.2477
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.7006	0.7006	0.7006	0.7006	0.7006	0.7006	0.8963	0.8963	0.8963	0.8963	0.4285
		Transmission Vat (Php/kWh)	-	-	-	-	-	-	-	-	-	-	0.0757
		System Loss Vat (PhP/kWh)	0.0800	0.0800	0.0800	0.0800	0.0800	0.0800	0.0644	0.0644	0.0644	0.0644	0.0501
		Distribution Vat	0.1925	0.1535	0.0875	0.0875	0.0875	0.0342	0.1925	0.0875	0.0875	0.0342	0.1925
		GRAM Rate - VAT Charge (Php/kWh)											-
		ICERA Rate - VAT Charge (Php/kWh)											-
TRANSCO	12	FIT-All) (Renewable) (PhP/kWh)	0.0364		0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0041		0.0041	0.0041	0.0041	0.0041	0.0041	0.0041	0.0041	0.0041	0.0041
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0020		0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020
TOTAL		RATE per KWH	9.5797	8.9242	8.7044	8.7044	8.7044	8.2603	11.0274	10.1521	10.1521	9.7080	7.9032
		12% Vat on Rate Per kWh	0.9731	0.9341	0.8681	0.8681	0.8681	0.8148	1.1532	1.0482	1.0482	0.9949	0.7468
		Rate per kWh Including VAT	10.5528	9.8583	9.5725	9.5725	9.5725	9.0751	12.1806	11.2003	11.2003	10.7029	8.6500	-
		Rate per Customer Charge	5.00	-	79.38	79.38	79.38	79.38	5.00	79.38	79.38	79.38	5.00
		12% VAT on Customer Charge	0.60	-	9.53	9.53	9.53	9.53	0.60	9.53	9.53	9.53	0.60
		Distribution Demand Charge (Per kW)						167.56				167.56	-
		12% Vat on Distribution Demand Charge						20.11				20.11	-
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated January 11, 2010 on Case No. 2009-088 RC with
provisional authority.
2. Included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through NEA Loans
subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. Since it is difficult to distinguish as to which areas are being served by MOPRECO or BENECO, billing rates were computed using the blended cost of the two utilities.
4. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015, an order dated August 17, 2015
covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines(NGCP) to "extend the collection of the provisionally approved
UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
5. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms as embodied on ERC's decision
ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to ABRECO consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
9. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective the April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”, the temporary suspension in the collection of the FIT-All
for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)” , which extends the temporary suspension in the collection of the FIT-All
for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).

Prepared by:			Checked by:				Reviewed by:				Approved by:


IONE E. ORPILLA			VIRNA CRISTINA E. VALDEZ				JOYMA A. PONCE				LAWRENCE A. SEVERO
OIC Accountant/Senior Bookkeeper			OIC, Finance Department				Internal Audit Manager				Acting General Manager



			0.0020	-	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020
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			0.0020	-	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020
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ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - MAIN GRID
For the billing Month March 2024

TYPE OF CHARGE	CUSTOMER CLASS		RESIDENTIAL		LOW VOLTAGE					HIGHER VOLTAGE
TYPE OF CHARGE	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Irrigartion/ Water system	Public Buildings	Street Lights	Industrial	Industrial	Commercial
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	4.5417	4.5417	4.5417	4.5417	4.5417	4.5417	4.5417	4.5417	4.5417
		GRAM Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)								269.6800	269.6800
		Transmission System Charge (Php/kWh)	1.1255	1.1255	1.2753	1.2753	1.2753	1.2753	1.2753	-	-
	3	SYSTEM LOSS CHARGE (Php/kWh)	0.5610	0.5610	0.5610	0.5610	0.5610	0.5610	0.5610	0.5610	0.5610
		System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)								167.56	167.56
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	0.4441	0.4441
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)			46.60	46.60	46.60	46.60	46.60	46.60	46.60
		Supply System Charge (Php/kWh)	0.5376	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	5.00	32.78	32.78	32.78	32.78	32.78	32.78	32.78
		Metering System Charge (Php/kWh)	0.3205	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.2477		0.2477	0.2477	0.2477	0.2477	0.2477	0.2477	0.2477
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.4472	0.4472	0.4472	0.4472	0.4472	0.4472	0.4472	0.4472	0.4472
		Transmission Vat (Php/kWh)	0.1112	0.1112	0.1260	0.1260	0.1260	0.1260	0.1260	0.1060	0.1060
		System Loss Vat (PhP/kWh)	0.0553	0.0553	0.0553	0.0553	0.0553	0.0553	0.0553	0.0553	0.0553
		Distribution Vat	0.1921	0.1920	0.0871	0.0871	0.0871	0.0871	0.0871	0.0338	0.0338
		GRAM Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
TRANSCO	12	FIT-All (Renewable) (PhP/kWh)	0.0364		0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0007		0.0007	0.0007	0.0007	0.0007	0.0007	0.0007	0.0007
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020
	15	BUSINESS TAX
	16.a.	Cabugao LGU	0.0071	0.0071	0.0071	0.0071	0.0071	0.0071	0.0071	0.0071	0.0071
	16.b.	Candon LGU	0.0055	0.0055	0.0055	0.0055	0.0055	0.0055	0.0055	0.0055	0.0055
	16.c.	Narvacan LGU	0.0045	0.0045	0.0045	0.0045	0.0045	0.0045	0.0045	0.0045	0.0045
	16.d.	Santiago LGU	0.0059	0.0059	0.0059	0.0059	0.0059	0.0059	0.0059	0.0059	0.0059
	16.e.	Sta. Cruz LGU	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020
	16.f.	Vigan LGU	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002
TOTAL		RATE per KWH	8.1597	7.8301	7.4342	7.4342	7.4342	7.4342	7.4342	5.7148	5.7148
		Other LGUs	8.1597	7.8301	7.4342	7.4342	7.4342	7.4342	7.4342	5.7148	5.7148
		Cabugao LGU	8.1668	7.8373	7.4414	7.4414	7.4414	7.4414	7.4414	5.7219	5.7219
		Candon LGU	8.1652	7.8356	7.4397	7.4397	7.4397	7.4397	7.4397	5.7203	5.7203
		Narvacan LGU	8.1642	7.8346	7.4387	7.4387	7.4387	7.4387	7.4387	5.7193	5.7193
		Santiago LGU	8.1656	7.8361	7.4402	7.4402	7.4402	7.4402	7.4402	5.7207	5.7207
		Sta. Cruz LGU	8.1617	7.8321	7.4362	7.4362	7.4362	7.4362	7.4362	5.7168	5.7168
		Vigan LGU	8.1599	7.8304	7.4344	7.4344	7.4344	7.4344	7.4344	5.7150	5.7150

		12% Vat on Rate Per kWh	0.8057	0.8056	0.7155	0.7155	0.7155	0.7155	0.7155	0.6422	0.6422

		Rate per kWh Including VAT	8.9654	8.6358	8.1497	8.1497	8.1497	8.1497	8.1497	6.3571	6.3571
		Other LGUs	8.9654	8.6358	8.1497	8.1497	8.1497	8.1497	8.1497	6.3571	6.3571
		Cabugao LGU	8.9726	8.6429	8.1569	8.1569	8.1569	8.1569	8.1569	6.3642	6.3642
		Candon LGU	8.9709	8.6412	8.1552	8.1552	8.1552	8.1552	8.1552	6.3625	6.3625
		Narvacan LGU	8.9699	8.6403	8.1542	8.1542	8.1542	8.1542	8.1542	6.3615	6.3615
		Santiago LGU	8.9714	8.6417	8.1557	8.1557	8.1557	8.1557	8.1557	6.3630	6.3630
		Sta. Cruz LGU	8.9674	8.6378	8.1517	8.1517	8.1517	8.1517	8.1517	6.3590	6.3590
		Vigan LGU	8.9656	8.6360	8.1500	8.1500	8.1500	8.1500	8.1500	6.3573	6.3573

		Rate per Customer Charge	5.00	5.00	79.38	79.38	79.38	79.38	79.38	79.38	79.38
		12% VAT on Customer Charge	0.60	0.60	9.53	9.53	9.53	9.53	9.53	9.53	9.53
		Distribution Demand Charge (Per kW)	-	-	-	-	-	-	-	167.56	167.56
		12% Vat on Distribution Demand Charge	-	-	-	-	-	-	-	20.11	20.11
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated
January 11, 2010 on Case No. 2009-088 RC with provisional authority.
2. Starting June 2015, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through
NEA Loans subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015,
an order dated August 17, 2015 covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines (NGCP)
to "extend the collection of the provisionally approved UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
4. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms
as embodied on ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective February 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Starting March 2018 billing, contestable market will be included as an additional customer class since PMFTC has opted to entered a RES Agreement with First Gen.
9. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
10. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”,
the temporary suspension in the collection of the FIT-All for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”
which extends the temporary suspension in the collection of the FIT-All for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers
and business taxes of P.0071, P.0055, P.0045, P.0059, P.0020 and P.0002 are charged to Cabugao, CAndon, Narvacan, Santiago, Sta. Cruz and Vigan LGUs, respectively.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).

Prepared by:			Checked by:			Reviewed by:			Approved by:


IONE E. ORPILLA			VIRNA CRISTINA E. VALDEZ			JOYMA A. PONCE			LAWRENCE A. SEVERO
OIC Accountant/Senior Bookkeeper			OIC, Finance Department			Internal Audit Manager			Acting General Manager



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ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - SISTER COOP
For the billing Month March 2024

TYPE OF CHARGE	CUSTOMER CLASS		MOPRECO/BENECO						LUELCO				Sallacong & Matibuey
	NO.	Description	Residential		Low Voltage			Higher Voltage	Residential	Low Voltage		Higher Voltage	Residential
	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Pub. Bldg.	Industrial	Commercial	BAPA	Commercial	Pub. Bldg.	Commercial	BAPA
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	6.8839	6.8839	6.8839	6.8839	6.8839	6.8839	8.4357	8.4357	8.4357	8.4357	4.5417
		GRAM Rate Charge (Php/kWh)											-
		ICERA Rate Charge (Php/kWh)											-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)
		Transmission System Charge (Php/kWh)											1.1255
	3	SYSTEM LOSS CHARGE (Php/kWh)	0.7958	0.7958	0.7958	0.7958	0.7958	0.7958	0.5458	0.5458	0.5458	0.5458	0.5610
		System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)	-	-	-	-	-	167.56	-	-	-	167.56	-
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	-	0.4613	0.4441	0.4441	-	0.4613
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)	-	-	46.60	46.60	46.60	46.60	-	46.60	46.60	46.60	-
		Supply System Charge (Php/kWh)	0.5376	0.5376	-	-	-	-	0.5376	-	-	-	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	-	32.78	32.78	32.78	32.78	5.00	32.78	32.78	32.78	5.00
		Metering System Charge (Php/kWh)	0.3205	-	-	-	-	-	0.3205	-	-	-	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.2477		0.2477	0.2477	0.2477	0.2477	0.2477	0.2477	0.2477	0.2477	0.2477
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.6787	0.6787	0.6787	0.6787	0.6787	0.6787	0.8992	0.8992	0.8992	0.8992	0.4472
		Transmission Vat (Php/kWh)	-	-	-	-	-	-	-	-	-	-	0.1112
		System Loss Vat (PhP/kWh)	0.0775	0.0775	0.0775	0.0775	0.0775	0.0775	0.0582	0.0582	0.0582	0.0582	0.0553
		Distribution Vat	0.1921	0.1535	0.0871	0.0871	0.0871	0.0338	0.1921	0.0871	0.0871	0.0338	0.1921
		GRAM Rate - VAT Charge (Php/kWh)											-
		ICERA Rate - VAT Charge (Php/kWh)											-
TRANSCO	12	FIT-All) (Renewable) (PhP/kWh)	0.0364		0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0007		0.0007	0.0007	0.0007	0.0007	0.0007	0.0007	0.0007	0.0007	0.0007
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0020		0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020	0.0020
TOTAL		RATE per KWH	9.6112	8.9592	8.7359	8.7359	8.7359	8.2918	10.9130	10.0377	10.0377	9.5936	8.1597
		12% Vat on Rate Per kWh	0.9484	0.9098	0.8433	0.8433	0.8433	0.7900	1.1495	1.0444	1.0444	0.9911	0.8057
		Rate per kWh Including VAT	10.5596	9.8689	9.5792	9.5792	9.5792	9.0819	12.0625	11.0821	11.0821	10.5848	8.9654
		Rate per Customer Charge	5.00	-	79.38	79.38	79.38	79.38	5.00	79.38	79.38	79.38	5.00
		12% VAT on Customer Charge	0.60	-	9.53	9.53	9.53	9.53	0.60	9.53	9.53	9.53	0.60
		Distribution Demand Charge (Per kW)						167.56				167.56	-
		12% Vat on Distribution Demand Charge						20.11				20.11	-
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated January 11, 2010 on Case No. 2009-088 RC with
provisional authority.
2. Included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through NEA Loans
subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. Since it is difficult to distinguish as to which areas are being served by MOPRECO or BENECO, billing rates were computed using the blended cost of the two utilities.
4. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015, an order dated August 17, 2015
covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines(NGCP) to "extend the collection of the provisionally approved
UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
5. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms as embodied on ERC's decision
ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to ABRECO consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
9. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective the April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”, the temporary suspension in the collection of the FIT-All
for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)” , which extends the temporary suspension in the collection of the FIT-All
for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).

Prepared by:			Checked by:				Reviewed by:				Approved by:


IONE E. ORPILLA			VIRNA CRISTINA E. VALDEZ				JOYMA A. PONCE				LAWRENCE A. SEVERO
OIC Accountant/Senior Bookkeeper			OIC, Finance Department				Internal Audit Manager				Acting General Manager



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ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - MAIN GRID
For the billing Month April 2024

TYPE OF CHARGE	CUSTOMER CLASS		RESIDENTIAL		LOW VOLTAGE					HIGHER VOLTAGE
TYPE OF CHARGE	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Irrigartion/ Water system	Public Buildings	Street Lights	Industrial	Industrial	Commercial
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	3.9101	3.9101	3.9101	3.9101	3.9101	3.9101	3.9101	3.9101	3.9101
		GRAM Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)								186.4800	186.4800
		Transmission System Charge (Php/kWh)	0.7710	0.7710	0.8752	0.8752	0.8752	0.8752	0.8752	-	-
3	SYSTEM LOSS CHARGE (Php/kWh)	0.4862	0.4862	0.4862	0.4862	0.4862	0.4862	0.4862	0.4862	0.4862
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)								167.56	167.56
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	0.4441	0.4441
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)			46.60	46.60	46.60	46.60	46.60	46.60	46.60
		Supply System Charge (Php/kWh)	0.5376	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	5.00	32.78	32.78	32.78	32.78	32.78	32.78	32.78
		Metering System Charge (Php/kWh)	0.3205	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.2238		0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.6564	0.6564	0.6564	0.6564	0.6564	0.6564	0.6564	0.6564	0.6564
		Transmission Vat (Php/kWh)	0.0746	0.0746	0.0847	0.0847	0.0847	0.0847	0.0847	0.0711	0.0711
		System Loss Vat (PhP/kWh)	0.0725	0.0725	0.0725	0.0725	0.0725	0.0725	0.0725	0.0725	0.0725
		Distribution Vat	0.1921	0.1920	0.0871	0.0871	0.0871	0.0871	0.0871	0.0338	0.0338
		GRAM Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
TRANSCO	12	FIT-All (Renewable) (PhP/kWh)	0.0364		0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	(0.1116)		(0.1116)	(0.1116)	(0.1116)	(0.1116)	(0.1116)	(0.1116)	(0.1116)
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	(0.0015)		(0.0015)	(0.0015)	(0.0015)	(0.0015)	(0.0015)	(0.0015)	(0.0015)
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
	15	BUSINESS TAX
	16.a.	Cabugao LGU	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104
	16.b.	Candon LGU	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083
	16.c.	Narvacan LGU	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063
	16.d.	Santiago LGU	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079
	16.e.	Sta. Cruz LGU	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021
	16.f.	Vigan LGU	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004
TOTAL		RATE per KWH	6.9607	6.7692	6.1896	6.1896	6.1896	6.1896	6.1896	4.8703	4.8703
		Other LGUs	6.9607	6.7692	6.1896	6.1896	6.1896	6.1896	6.1896	4.8703	4.8703
		Cabugao LGU	6.9711	6.7795	6.1999	6.1999	6.1999	6.1999	6.1999	4.8807	4.8807
		Candon LGU	6.9691	6.7775	6.1979	6.1979	6.1979	6.1979	6.1979	4.8787	4.8787
		Narvacan LGU	6.9670	6.7754	6.1958	6.1958	6.1958	6.1958	6.1958	4.8766	4.8766
		Santiago LGU	6.9686	6.7771	6.1975	6.1975	6.1975	6.1975	6.1975	4.8782	4.8782
		Sta. Cruz LGU	6.9628	6.7712	6.1916	6.1916	6.1916	6.1916	6.1916	4.8724	4.8724
		Vigan LGU	6.9608	6.7692	6.1896	6.1896	6.1896	6.1896	6.1896	4.8703	4.8703

		12% Vat on Rate Per kWh	0.9956	0.9955	0.9006	0.9006	0.9006	0.9006	0.9006	0.8337	0.8337

		Rate per kWh Including VAT	7.9563	7.7646	7.0902	7.0902	7.0902	7.0902	7.0902	5.7040	5.7040
		Other LGUs	7.9563	7.7646	7.0902	7.0902	7.0902	7.0902	7.0902	5.7040	5.7040
		Cabugao LGU	7.9667	7.7750	7.1006	7.1006	7.1006	7.1006	7.1006	5.7144	5.7144
		Candon LGU	7.9646	7.7730	7.0985	7.0985	7.0985	7.0985	7.0985	5.7123	5.7123
		Narvacan LGU	7.9626	7.7709	7.0965	7.0965	7.0965	7.0965	7.0965	5.7103	5.7103
		Santiago LGU	7.9642	7.7725	7.0981	7.0981	7.0981	7.0981	7.0981	5.7119	5.7119
		Sta. Cruz LGU	7.9584	7.7667	7.0922	7.0922	7.0922	7.0922	7.0922	5.7061	5.7061
		Vigan LGU	7.9563	7.7647	7.0902	7.0902	7.0902	7.0902	7.0902	5.7040	5.7040

		Rate per Customer Charge	5.00	5.00	79.38	79.38	79.38	79.38	79.38	79.38	79.38
		12% VAT on Customer Charge	0.60	0.60	9.53	9.53	9.53	9.53	9.53	9.53	9.53
		Distribution Demand Charge (Per kW)	-	-	-	-	-	-	-	167.56	167.56
		12% Vat on Distribution Demand Charge	-	-	-	-	-	-	-	20.11	20.11
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated
January 11, 2010 on Case No. 2009-088 RC with provisional authority.
2. Starting June 2015, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through
NEA Loans subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015,
an order dated August 17, 2015 covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines (NGCP)
to "extend the collection of the provisionally approved UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
4. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms
as embodied on ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective February 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Starting March 2018 billing, contestable market will be included as an additional customer class since PMFTC has opted to entered a RES Agreement with First Gen.
9. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
10. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”,
the temporary suspension in the collection of the FIT-All for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”
which extends the temporary suspension in the collection of the FIT-All for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers
and business taxes of P.0071, P.0055, P.0045, P.0059, P.0020 and P.0002 are charged to Cabugao, CAndon, Narvacan, Santiago, Sta. Cruz and Vigan LGUs, respectively.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.


Prepared by:			Checked by:			Reviewed by:			Approved by:


IONE E. ORPILLA			VIRNA CRISTINA E. VALDEZ			JOYMA A. PONCE			LAWRENCE A. SEVERO
OIC Accountant/Senior Bookkeeper			OIC, Finance Department			Internal Audit Manager			Acting General Manager



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ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - SISTER COOP
For the billing Month April 2024

TYPE OF CHARGE	CUSTOMER CLASS		MOPRECO/BENECO						LUELCO				Sallacong & Matibuey
	NO.	Description	Residential		Low Voltage			Higher Voltage	Residential	Low Voltage		Higher Voltage	Residential
	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Pub. Bldg.	Industrial	Commercial	BAPA	Commercial	Pub. Bldg.	Commercial	BAPA
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	4.7345	4.7345	4.7345	4.7345	4.7345	4.7345	7.5796	7.5796	7.5796	7.5796	3.9101
		GRAM Rate Charge (Php/kWh)											-
		ICERA Rate Charge (Php/kWh)											-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)
		Transmission System Charge (Php/kWh)											0.7710
3	SYSTEM LOSS CHARGE (Php/kWh)	0.5748	0.5748	0.5748	0.5748	0.5748	0.5748	0.5881	0.5881	0.5881	0.5881	0.4862
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)	-	-	-	-	-	167.56	-	-	-	167.56	-
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	-	0.4613	0.4441	0.4441	-	0.4613
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)	-	-	46.60	46.60	46.60	46.60	-	46.60	46.60	46.60	-
		Supply System Charge (Php/kWh)	0.5376	0.5376	-	-	-	-	0.5376	-	-	-	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	-	32.78	32.78	32.78	32.78	5.00	32.78	32.78	32.78	5.00
		Metering System Charge (Php/kWh)	0.3205	-	-	-	-	-	0.3205	-	-	-	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.2238		0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.6836	0.6836	0.6836	0.6836	0.6836	0.6836	1.0154	1.0154	1.0154	1.0154	0.6564
		Transmission Vat (Php/kWh)	-	-	-	-	-	-	-	-	-	-	0.0746
		System Loss Vat (PhP/kWh)	0.0781	0.0781	0.0781	0.0781	0.0781	0.0781	0.0673	0.0673	0.0673	0.0673	0.0725
		Distribution Vat	0.1921	0.1535	0.0871	0.0871	0.0871	0.0338	0.1921	0.0871	0.0871	0.0338	0.1921
		GRAM Rate - VAT Charge (Php/kWh)											-
		ICERA Rate - VAT Charge (Php/kWh)											-
TRANSCO	12	FIT-All) (Renewable) (PhP/kWh)	0.0364		0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	(0.1116)		(0.1116)	(0.1116)	(0.1116)	(0.1116)	(0.1116)	(0.1116)	(0.1116)	(0.1116)	(0.1116)
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	(0.0015)		(0.0015)	(0.0015)	(0.0015)	(0.0015)	(0.0015)	(0.0015)	(0.0015)	(0.0015)	(0.0015)
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019		0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
TOTAL		RATE per KWH	7.1027	6.5888	6.2274	6.2274	6.2274	5.7833	9.9612	9.0859	9.0859	8.6418	6.9607
		12% Vat on Rate Per kWh	0.9538	0.9152	0.8488	0.8488	0.8488	0.7955	1.2748	1.1698	1.1698	1.1165	0.9956
		Rate per kWh Including VAT	8.0565	7.5040	7.0762	7.0762	7.0762	6.5788	11.2360	10.2556	10.2556	9.7583	7.9563
		Rate per Customer Charge	5.00	-	79.38	79.38	79.38	79.38	5.00	79.38	79.38	79.38	5.00
		12% VAT on Customer Charge	0.60	-	9.53	9.53	9.53	9.53	0.60	9.53	9.53	9.53	0.60
		Distribution Demand Charge (Per kW)						167.56				167.56	-
		12% Vat on Distribution Demand Charge						20.11				20.11	-
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated January 11, 2010 on Case No. 2009-088 RC with
provisional authority.
2. Included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through NEA Loans
subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. Since it is difficult to distinguish as to which areas are being served by MOPRECO or BENECO, billing rates were computed using the blended cost of the two utilities.
4. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015, an order dated August 17, 2015
covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines(NGCP) to "extend the collection of the provisionally approved
UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
5. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms as embodied on ERC's decision
ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to ABRECO consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
9. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective the April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”, the temporary suspension in the collection of the FIT-All
for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)” , which extends the temporary suspension in the collection of the FIT-All
for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.

Prepared by:			Checked by:				Reviewed by:				Approved by:


IONE E. ORPILLA			VIRNA CRISTINA E. VALDEZ				JOYMA A. PONCE				LAWRENCE A. SEVERO
OIC Accountant/Senior Bookkeeper			OIC, Finance Department				Internal Audit Manager				Acting General Manager

ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - MAIN GRID
For the billing Month May 2024

TYPE OF CHARGE	CUSTOMER CLASS		RESIDENTIAL		LOW VOLTAGE					HIGHER VOLTAGE
TYPE OF CHARGE	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Irrigartion/ Water system	Public Buildings	Street Lights	Industrial	Industrial	Commercial
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	6.7388	6.7388	6.7388	6.7388	6.7388	6.7388	6.7388	6.7388	6.7388
		GRAM Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)								139.5600	139.5600
		Transmission System Charge (Php/kWh)	0.5147	0.5147	0.5856	0.5856	0.5856	0.5856	0.5856	-	-
3	SYSTEM LOSS CHARGE (Php/kWh)	0.7215	0.7215	0.7215	0.7215	0.7215	0.7215	0.7215	0.7215	0.7215
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)								167.56	167.56
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	0.4441	0.4441
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)			46.60	46.60	46.60	46.60	46.60	46.60	46.60
		Supply System Charge (Php/kWh)	0.5376	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	5.00	32.78	32.78	32.78	32.78	32.78	32.78	32.78
		Metering System Charge (Php/kWh)	0.3205	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.2238		0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.6274	0.6274	0.6274	0.6274	0.6274	0.6274	0.6274	0.6274	0.6274
		Transmission Vat (Php/kWh)	0.0594	0.0594	0.0675	0.0675	0.0675	0.0675	0.0675	0.0567	0.0567
		System Loss Vat (PhP/kWh)	0.0683	0.0683	0.0683	0.0683	0.0683	0.0683	0.0683	0.0683	0.0683
		Distribution Vat	0.1931	0.1920	0.0880	0.0880	0.0880	0.0880	0.0880	0.0347	0.0347
		GRAM Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
TRANSCO	12	FIT-All (Renewable) (PhP/kWh)	0.0364		0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0087		0.0087	0.0087	0.0087	0.0087	0.0087	0.0087	0.0087
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0002		0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
	15	BUSINESS TAX
	16.a.	Cabugao LGU	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104
	16.b.	Candon LGU	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083
	16.c.	Narvacan LGU	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063
	16.d.	Santiago LGU	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079
	16.e.	Sta. Cruz LGU	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021
	16.f.	Vigan LGU	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004
TOTAL		RATE per KWH	9.8905	9.5769	9.0860	9.0860	9.0860	9.0860	9.0860	8.0563	8.0563
		Other LGUs	9.8905	9.5769	9.0860	9.0860	9.0860	9.0860	9.0860	8.0563	8.0563
		Cabugao LGU	9.9008	9.5873	9.0964	9.0964	9.0964	9.0964	9.0964	8.0667	8.0667
		Candon LGU	9.8988	9.5853	9.0944	9.0944	9.0944	9.0944	9.0944	8.0647	8.0647
		Narvacan LGU	9.8967	9.5832	9.0923	9.0923	9.0923	9.0923	9.0923	8.0626	8.0626
		Santiago LGU	9.8984	9.5848	9.0940	9.0940	9.0940	9.0940	9.0940	8.0642	8.0642
		Sta. Cruz LGU	9.8925	9.5790	9.0881	9.0881	9.0881	9.0881	9.0881	8.0584	8.0584
		Vigan LGU	9.8905	9.5770	9.0861	9.0861	9.0861	9.0861	9.0861	8.0564	8.0564

		12% Vat on Rate Per kWh	0.9481	0.9471	0.8513	0.8513	0.8513	0.8513	0.8513	0.7871	0.7871

		Rate per kWh Including VAT	10.8386	10.5240	9.9373	9.9373	9.9373	9.9373	9.9373	8.8434	8.8434
		Other LGUs	10.8386	10.5240	9.9373	9.9373	9.9373	9.9373	9.9373	8.8434	8.8434
		Cabugao LGU	10.8490	10.5344	9.9477	9.9477	9.9477	9.9477	9.9477	8.8538	8.8538
		Candon LGU	10.8469	10.5323	9.9457	9.9457	9.9457	9.9457	9.9457	8.8518	8.8518
		Narvacan LGU	10.8449	10.5303	9.9436	9.9436	9.9436	9.9436	9.9436	8.8497	8.8497
		Santiago LGU	10.8465	10.5319	9.9452	9.9452	9.9452	9.9452	9.9452	8.8513	8.8513
		Sta. Cruz LGU	10.8407	10.5261	9.9394	9.9394	9.9394	9.9394	9.9394	8.8455	8.8455
		Vigan LGU	10.8386	10.5240	9.9374	9.9374	9.9374	9.9374	9.9374	8.8435	8.8435

		Rate per Customer Charge	5.00	5.00	79.38	79.38	79.38	79.38	79.38	79.38	79.38
		12% VAT on Customer Charge	0.60	0.60	9.53	9.53	9.53	9.53	9.53	9.53	9.53
		Distribution Demand Charge (Per kW)	-	-	-	-	-	-	-	167.56	167.56
		12% Vat on Distribution Demand Charge	-	-	-	-	-	-	-	20.11	20.11
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated
January 11, 2010 on Case No. 2009-088 RC with provisional authority.
2. Starting June 2015, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through
NEA Loans subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015,
an order dated August 17, 2015 covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines (NGCP)
to "extend the collection of the provisionally approved UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
4. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms
as embodied on ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective February 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Starting March 2018 billing, contestable market will be included as an additional customer class since PMFTC has opted to entered a RES Agreement with First Gen.
9. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
10. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”,
the temporary suspension in the collection of the FIT-All for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”
which extends the temporary suspension in the collection of the FIT-All for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers
and business taxes of P.0071, P.0055, P.0045, P.0059, P.0020 and P.0002 are charged to Cabugao, CAndon, Narvacan, Santiago, Sta. Cruz and Vigan LGUs, respectively.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.


Prepared by:			Checked by:			Reviewed by:			Approved by:


VIRNA CRISTINA E. VALDEZ			LAWRENCE A. SEVERO			JOYMA A. PONCE			JULIUS CAESAR J. BAÑEZ
Accountant			Finance Manager			Internal Audit Manager			OIC - General Manager

ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - SISTER COOP
For the billing Month May 2024

TYPE OF CHARGE	CUSTOMER CLASS		MOPRECO/BENECO						LUELCO				Sallacong & Matibuey
	NO.	Description	Residential		Low Voltage			Higher Voltage	Residential	Low Voltage		Higher Voltage	Residential
	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Pub. Bldg.	Industrial	Commercial	BAPA	Commercial	Pub. Bldg.	Commercial	BAPA
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	7.7590	7.7590	7.7590	7.7590	7.7590	7.7590	8.9482	8.9482	8.9482	8.9482	6.7388
		GRAM Rate Charge (Php/kWh)											-
		ICERA Rate Charge (Php/kWh)											-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)
		Transmission System Charge (Php/kWh)											0.5147
3	SYSTEM LOSS CHARGE (Php/kWh)	0.9039	0.9039	0.9039	0.9039	0.9039	0.9039	0.6470	0.6470	0.6470	0.6470	0.7215
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)	-	-	-	-	-	167.56	-	-	-	167.56	-
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	-	0.4613	0.4441	0.4441	-	0.4613
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)	-	-	46.60	46.60	46.60	46.60	-	46.60	46.60	46.60	-
		Supply System Charge (Php/kWh)	0.5376	0.5376	-	-	-	-	0.5376	-	-	-	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	-	32.78	32.78	32.78	32.78	5.00	32.78	32.78	32.78	5.00
		Metering System Charge (Php/kWh)	0.3205	-	-	-	-	-	0.3205	-	-	-	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.2238		0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.7482	0.7482	0.7482	0.7482	0.7482	0.7482	0.9556	0.9556	0.9556	0.9556	0.6274
		Transmission Vat (Php/kWh)	-	-	-	-	-	-	-	-	-	-	0.0594
		System Loss Vat (PhP/kWh)	0.0854	0.0854	0.0854	0.0854	0.0854	0.0854	0.0691	0.0691	0.0691	0.0691	0.0683
		Distribution Vat	0.1931	0.1535	0.0880	0.0880	0.0880	0.0347	0.1931	0.0880	0.0880	0.0347	0.1931
		GRAM Rate - VAT Charge (Php/kWh)											-
		ICERA Rate - VAT Charge (Php/kWh)											-
TRANSCO	12	FIT-All) (Renewable) (PhP/kWh)	0.0364		0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364	0.0364
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0087		0.0087	0.0087	0.0087	0.0087	0.0087	0.0087	0.0087	0.0087	0.0087
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0002		0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019		0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
TOTAL		RATE per KWH	10.5783	9.9424	9.7030	9.7030	9.7030	9.2589	11.5106	10.6353	10.6353	10.1912	9.8905
		12% Vat on Rate Per kWh	1.0267	0.9871	0.9216	0.9216	0.9216	0.8683	1.2178	1.1127	1.1127	1.0595	0.9481
		Rate per kWh Including VAT	11.6050	10.9296	10.6247	10.6247	10.6247	10.1273	12.7284	11.7480	11.7480	11.2506	10.8386	-
		Rate per Customer Charge	5.00	-	79.38	79.38	79.38	79.38	5.00	79.38	79.38	79.38	5.00
		12% VAT on Customer Charge	0.60	-	9.53	9.53	9.53	9.53	0.60	9.53	9.53	9.53	0.60
		Distribution Demand Charge (Per kW)						167.56				167.56	-
		12% Vat on Distribution Demand Charge						20.11				20.11	-
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated January 11, 2010 on Case No. 2009-088 RC with
provisional authority.
2. Included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through NEA Loans
subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. Since it is difficult to distinguish as to which areas are being served by MOPRECO or BENECO, billing rates were computed using the blended cost of the two utilities.
4. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015, an order dated August 17, 2015
covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines(NGCP) to "extend the collection of the provisionally approved
UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
5. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms as embodied on ERC's decision
ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to ABRECO consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
9. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective the April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”, the temporary suspension in the collection of the FIT-All
for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)” , which extends the temporary suspension in the collection of the FIT-All
for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.

Prepared by:			Checked by:				Reviewed by:				Approved by:


VIRNA CRISTINA E. VALDEZ			LAWRENCE A. SEVERO				JOYMA A. PONCE				JULIUS CAESAR J. BAÑEZ
Accountant			Finance Manager				Internal Audit Manager				OIC - General Manager

ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - MAIN GRID
For the billing Month June 2024

TYPE OF CHARGE	CUSTOMER CLASS		RESIDENTIAL		LOW VOLTAGE					HIGHER VOLTAGE
TYPE OF CHARGE	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Irrigartion/ Water system	Public Buildings	Street Lights	Industrial	Industrial	Commercial
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	5.2057	5.2057	5.2057	5.2057	5.2057	5.2057	5.2057	5.2057	5.2057
		GRAM Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)								178.4100	178.4100
		Transmission System Charge (Php/kWh)	0.6844	0.6844	0.7789	0.7789	0.7789	0.7789	0.7789	-	-
3	SYSTEM LOSS CHARGE (Php/kWh)	0.5957	0.5957	0.5957	0.5957	0.5957	0.5957	0.5957	0.5957	0.5957
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)								167.56	167.56
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	0.4441	0.4441
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)			46.60	46.60	46.60	46.60	46.60	46.60	46.60
		Supply System Charge (Php/kWh)	0.5376	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	5.00	32.78	32.78	32.78	32.78	32.78	32.78	32.78
		Metering System Charge (Php/kWh)	0.3205	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.2238		0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.6089	0.6089	0.6089	0.6089	0.6089	0.6089	0.6089	0.6089	0.6089
		Transmission Vat (Php/kWh)	0.0734	0.0734	0.0835	0.0835	0.0835	0.0835	0.0835	0.0701	0.0701
		System Loss Vat (PhP/kWh)	0.0690	0.0690	0.0690	0.0690	0.0690	0.0690	0.0690	0.0690	0.0690
		Distribution Vat	0.1921	0.1920	0.0871	0.0871	0.0871	0.0871	0.0871	0.0338	0.0338
		GRAM Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
TRANSCO	12	FIT-All (Renewable) (PhP/kWh)	0.0838		0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0005		0.0005	0.0005	0.0005	0.0005	0.0005	0.0005	0.0005
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0002		0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
	15	BUSINESS TAX
	16.a.	Cabugao LGU	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104
	16.b.	Candon LGU	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083
	16.c.	Narvacan LGU	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063
	16.d.	Santiago LGU	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079
	16.e.	Sta. Cruz LGU	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021
	16.f.	Vigan LGU	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004
TOTAL		RATE per KWH	8.4405	8.0877	7.6598	7.6598	7.6598	7.6598	7.6598	6.4368	6.4368
		Other LGUs	8.4405	8.0877	7.6598	7.6598	7.6598	7.6598	7.6598	6.4368	6.4368
		Cabugao LGU	8.4509	8.0981	7.6701	7.6701	7.6701	7.6701	7.6701	6.4472	6.4472
		Candon LGU	8.4489	8.0960	7.6681	7.6681	7.6681	7.6681	7.6681	6.4451	6.4451
		Narvacan LGU	8.4468	8.0939	7.6660	7.6660	7.6660	7.6660	7.6660	6.4430	6.4430
		Santiago LGU	8.4484	8.0956	7.6677	7.6677	7.6677	7.6677	7.6677	6.4447	6.4447
		Sta. Cruz LGU	8.4426	8.0897	7.6618	7.6618	7.6618	7.6618	7.6618	6.4388	6.4388
		Vigan LGU	8.4406	8.0877	7.6598	7.6598	7.6598	7.6598	7.6598	6.4368	6.4368

		12% Vat on Rate Per kWh	0.9434	0.9433	0.8485	0.8485	0.8485	0.8485	0.8485	0.7818	0.7818

		Rate per kWh Including VAT	9.3839	9.0310	8.5083	8.5083	8.5083	8.5083	8.5083	7.2186	7.2186
		Other LGUs	9.3839	9.0310	8.5083	8.5083	8.5083	8.5083	8.5083	7.2186	7.2186
		Cabugao LGU	9.3943	9.0414	8.5186	8.5186	8.5186	8.5186	8.5186	7.2289	7.2289
		Candon LGU	9.3923	9.0393	8.5166	8.5166	8.5166	8.5166	8.5166	7.2269	7.2269
		Narvacan LGU	9.3902	9.0373	8.5145	8.5145	8.5145	8.5145	8.5145	7.2248	7.2248
		Santiago LGU	9.3918	9.0389	8.5162	8.5162	8.5162	8.5162	8.5162	7.2265	7.2265
		Sta. Cruz LGU	9.3860	9.0330	8.5103	8.5103	8.5103	8.5103	8.5103	7.2206	7.2206
		Vigan LGU	9.3840	9.0310	8.5083	8.5083	8.5083	8.5083	8.5083	7.2186	7.2186

		Rate per Customer Charge	5.00	5.00	79.38	79.38	79.38	79.38	79.38	79.38	79.38
		12% VAT on Customer Charge	0.60	0.60	9.53	9.53	9.53	9.53	9.53	9.53	9.53
		Distribution Demand Charge (Per kW)	-	-	-	-	-	-	-	167.56	167.56
		12% Vat on Distribution Demand Charge	-	-	-	-	-	-	-	20.11	20.11
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated
January 11, 2010 on Case No. 2009-088 RC with provisional authority.
2. Starting June 2015, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through
NEA Loans subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015,
an order dated August 17, 2015 covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines (NGCP)
to "extend the collection of the provisionally approved UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
4. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms
as embodied on ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective February 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Starting March 2018 billing, contestable market will be included as an additional customer class since PMFTC has opted to entered a RES Agreement with First Gen.
9. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
10. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”,
the temporary suspension in the collection of the FIT-All for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”
which extends the temporary suspension in the collection of the FIT-All for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers
and business taxes of P.0071, P.0055, P.0045, P.0059, P.0020 and P.0002 are charged to Cabugao, CAndon, Narvacan, Santiago, Sta. Cruz and Vigan LGUs, respectively.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.
11. In a letter received from TransCo dated May 14, 2024 (RAD-2024-05-006), ISECO was advised to implement the new FIT-All rate of P0.0838/kWh
starting June 2024 billing month consistent with ERC Decision for ERC case 2022-051RC.

Prepared by:			Checked by:			Reviewed by:			Approved by:


VIRNA CRISTINA E. VALDEZ			LAWRENCE A. SEVERO			JOYMA A. PONCE			JULIUS CAESAR J. BAÑEZ
Accountant			Finance Manager			Internal Audit Manager			OIC - General Manager



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ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - SISTER COOP
For the billing Month June 2024

TYPE OF CHARGE	CUSTOMER CLASS		MOPRECO/BENECO						LUELCO				Sallacong & Matibuey
	NO.	Description	Residential		Low Voltage			Higher Voltage	Residential	Low Voltage		Higher Voltage	Residential
	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Pub. Bldg.	Industrial	Commercial	BAPA	Commercial	Pub. Bldg.	Commercial	BAPA
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	8.4919	8.4919	8.4919	8.4919	8.4919	8.4919	9.0443	9.0443	9.0443	9.0443	5.2057		Generation System Charge(Php / kWh)		5.2057	-
		GRAM Rate Charge (Php/kWh)											-		GRAM Rate Charge (Php/kWh)		-	-
		ICERA Rate Charge (Php/kWh)											-		ICERA Rate Charge (Php/kWh)		-	-
	2	TRANSMISSION CHARGE													TRANSMISSION CHARGE		-	-
		Demand Charge (Php / kW)													Demand Charge (Php / kW)		-	-
		Transmission System Charge (Php/kWh)											0.6844		Transmission System Charge (Php/kWh)		0.6844	-
3	SYSTEM LOSS CHARGE (Php/kWh)	0.9935	0.9935	0.9935	0.9935	0.9935	0.9935	0.5589	0.5589	0.5589	0.5589	0.5957		SYSTEM LOSS CHARGE (Php/kWh)		0.5957	-
	System Loss Refund - January 2014 (Php/kWh)													System Loss Refund - January 2014 (Php/kWh)		-	-
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE													DISTRIBUTION CHARGE		-	-
		Demand Charge (Php/kW)	-	-	-	-	-	167.56	-	-	-	167.56	-		Demand Charge (Php/kW)		-	-
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	-	0.4613	0.4441	0.4441	-	0.4613		Distribution System Charge (Php/kWh)		0.4613	-
	5	SUPPLY CHARGE													SUPPLY CHARGE		-	-
		Retail Customer Charge (Php/customer/mo.)	-	-	46.60	46.60	46.60	46.60	-	46.60	46.60	46.60	-		Retail Customer Charge (Php/customer/mo.)		-	-
		Supply System Charge (Php/kWh)	0.5376	0.5376	-	-	-	-	0.5376	-	-	-	0.5376		Supply System Charge (Php/kWh)		0.5376	-
	6	METERING CHARGE													METERING CHARGE		-	-
		Retail Customer Charge (Php/Customer/mo)	5.00	-	32.78	32.78	32.78	32.78	5.00	32.78	32.78	32.78	5.00		Retail Customer Charge (Php/Customer/mo)		5.0000	-
		Metering System Charge (Php/kWh)	0.3205	-	-	-	-	-	0.3205	-	-	-	0.3205		Metering System Charge (Php/kWh)		0.3205	-
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178		RFSC (PhP/kWh)		0.2178	-
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381		RFSC - Debt Service (PhP/kWh)		0.0381	-
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247		RFSC - Debt Service 2 (PhP/kWh)		0.0247	-
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES													UNIVERSAL CHARGES		-	-
		Missionary Electrification-NPC-SPUG	0.2238		0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238		Missionary Electrification-NPC-SPUG		0.2238	-
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017		Missionary Electrification-Renewable Energy Developers		0.0017	-
		Environmental Charge	-		-	-	-	-	-	-	-	-	-		Environmental Charge		-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-	-		NPC Stranded Contract Cost		-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428		NPC Stranded Debt		0.0428	-
	11	VALUE ADDED TAX													VALUE ADDED TAX		-	-
		Generation Vat (Php/kWh)	0.8721	0.8721	0.8721	0.8721	0.8721	0.8721	0.9829	0.9829	0.9829	0.9829	0.6089		Generation Vat (Php/kWh)		0.6089	-
		Transmission Vat (Php/kWh)	-	-	-	-	-	-	-	-	-	-	0.0734		Transmission Vat (Php/kWh)		0.0734	-
		System Loss Vat (PhP/kWh)	0.0996	0.0996	0.0996	0.0996	0.0996	0.0996	0.0607	0.0607	0.0607	0.0607	0.0690		System Loss Vat (PhP/kWh)		0.0690	-
		Distribution Vat	0.1921	0.1535	0.0871	0.0871	0.0871	0.0338	0.1921	0.0871	0.0871	0.0338	0.1921		Distribution Vat		0.1921	-
		GRAM Rate - VAT Charge (Php/kWh)											-		GRAM Rate - VAT Charge (Php/kWh)		-	-
		ICERA Rate - VAT Charge (Php/kWh)											-		ICERA Rate - VAT Charge (Php/kWh)		-	-
TRANSCO	12	FIT-All) (Renewable) (PhP/kWh)	0.0838		0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838		FIT-All (Renewable) (PhP/kWh)		0.0838	-
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0005		0.0005	0.0005	0.0005	0.0005	0.0005	0.0005	0.0005	0.0005	0.0005		LIFELINE SUBSIDY RATE (PhP/kWh)		0.0005	-
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0002		0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002		SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)		0.0002	-
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019		0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
TOTAL		RATE per KWH	11.4401	10.7649	10.5648	10.5648	10.5648	10.1207	11.5580	10.6827	10.6827	10.2386	8.4405		RATE per KWH		8.4405	-
		12% Vat on Rate Per kWh	1.1638	1.1253	1.0588	1.0588	1.0588	1.0055	1.2358	1.1307	1.1307	1.0774	0.9434		12% Vat on Rate Per kWh		0.9434	-
		Rate per kWh Including VAT	12.6039	11.8902	11.6236	11.6236	11.6236	11.1262	12.7937	11.8134	11.8134	11.3160	9.3839		Rate per kWh Including VAT		9.3839	-	-
		Rate per Customer Charge	5.00	-	79.38	79.38	79.38	79.38	5.00	79.38	79.38	79.38	5.00		Rate per Customer Charge		5.0000	-
		12% VAT on Customer Charge	0.60	-	9.53	9.53	9.53	9.53	0.60	9.53	9.53	9.53	0.60		12% VAT on Customer Charge		0.6000	-
		Distribution Demand Charge (Per kW)						167.56				167.56	-		Distribution Demand Charge (Per kW)		-	-
		12% Vat on Distribution Demand Charge						20.11				20.11	-		12% Vat on Distribution Demand Charge		-	-
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated January 11, 2010 on Case No. 2009-088 RC with
provisional authority.
2. Included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through NEA Loans
subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. Since it is difficult to distinguish as to which areas are being served by MOPRECO or BENECO, billing rates were computed using the blended cost of the two utilities.
4. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015, an order dated August 17, 2015
covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines(NGCP) to "extend the collection of the provisionally approved
UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
5. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms as embodied on ERC's decision
ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to ABRECO consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
9. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective the April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”, the temporary suspension in the collection of the FIT-All
for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)” , which extends the temporary suspension in the collection of the FIT-All
for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.
11. In a letter received from TransCo dated May 14, 2024 (RAD-2024-05-006), ISECO was advised to implement the new FIT-All rate of P0.0838/kWh
starting June 2024 billing month consistent with ERC Decision for ERC case 2022-051RC.

Prepared by:			Checked by:				Reviewed by:				Approved by:


VIRNA CRISTINA E. VALDEZ			LAWRENCE A. SEVERO				JOYMA A. PONCE				JULIUS CAESAR J. BAÑEZ
Accountant			Finance Manager				Internal Audit Manager				OIC - General Manager


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ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - MAIN GRID
For the billing Month July 2024

TYPE OF CHARGE	CUSTOMER CLASS		RESIDENTIAL		LOW VOLTAGE					HIGHER VOLTAGE
TYPE OF CHARGE	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Irrigartion/ Water system	Public Buildings	Street Lights	Industrial	Industrial	Commercial
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	7.3317	7.3317	7.3317	7.3317	7.3317	7.3317	7.3317	7.3317	7.3317
		GRAM Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)								143.4600	143.4600
		Transmission System Charge (Php/kWh)	0.5400	0.5400	0.6319	0.6319	0.6319	0.6319	0.6319	-	-
3	SYSTEM LOSS CHARGE (Php/kWh)	0.7933	0.7933	0.7933	0.7933	0.7933	0.7933	0.7933	0.7933	0.7933
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)								167.56	167.56
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	0.4441	0.4441
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)			46.60	46.60	46.60	46.60	46.60	46.60	46.60
		Supply System Charge (Php/kWh)	0.5376	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	5.00	32.78	32.78	32.78	32.78	32.78	32.78	32.78
		Metering System Charge (Php/kWh)	0.3205	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.2238		0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.8050	0.8050	0.8050	0.8050	0.8050	0.8050	0.8050	0.8050	0.8050
		Transmission Vat (Php/kWh)	0.0616	0.0616	0.0720	0.0720	0.0720	0.0720	0.0720	0.0589	0.0589
		System Loss Vat (PhP/kWh)	0.0874	0.0874	0.0874	0.0874	0.0874	0.0874	0.0874	0.0874	0.0874
		Distribution Vat	0.1921	0.1920	0.0870	0.0870	0.0870	0.0870	0.0870	0.0337	0.0337
		GRAM Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
TRANSCO	12	FIT-All (Renewable) (PhP/kWh)	0.0838		0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0024		0.0024	0.0024	0.0024	0.0024	0.0024	0.0024	0.0024
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0002		0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
	15	BUSINESS TAX
	16.a.	Cabugao LGU	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104
	16.b.	Candon LGU	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083
	16.c.	Narvacan LGU	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063
	16.d.	Santiago LGU	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079
	16.e.	Sta. Cruz LGU	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021
	16.f.	Vigan LGU	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004
TOTAL		RATE per KWH	10.6216	10.2669	9.8382	9.8382	9.8382	9.8382	9.8382	8.7622	8.7622
		Other LGUs	10.6216	10.2669	9.8382	9.8382	9.8382	9.8382	9.8382	8.7622	8.7622
		Cabugao LGU	10.6320	10.2772	9.8486	9.8486	9.8486	9.8486	9.8486	8.7726	8.7726
		Candon LGU	10.6300	10.2752	9.8466	9.8466	9.8466	9.8466	9.8466	8.7705	8.7705
		Narvacan LGU	10.6279	10.2731	9.8445	9.8445	9.8445	9.8445	9.8445	8.7685	8.7685
		Santiago LGU	10.6295	10.2748	9.8461	9.8461	9.8461	9.8461	9.8461	8.7701	8.7701
		Sta. Cruz LGU	10.6237	10.2689	9.8403	9.8403	9.8403	9.8403	9.8403	8.7642	8.7642
		Vigan LGU	10.6216	10.2669	9.8383	9.8383	9.8383	9.8383	9.8383	8.7622	8.7622

		12% Vat on Rate Per kWh	1.1461	1.1460	1.0515	1.0515	1.0515	1.0515	1.0515	0.9851	0.9851

		Rate per kWh Including VAT	11.7677	11.4129	10.8897	10.8897	10.8897	10.8897	10.8897	9.7473	9.7473
		Other LGUs	11.7677	11.4129	10.8897	10.8897	10.8897	10.8897	10.8897	9.7473	9.7473
		Cabugao LGU	11.7781	11.4233	10.9001	10.9001	10.9001	10.9001	10.9001	9.7577	9.7577
		Candon LGU	11.7761	11.4213	10.8981	10.8981	10.8981	10.8981	10.8981	9.7556	9.7556
		Narvacan LGU	11.7740	11.4192	10.8960	10.8960	10.8960	10.8960	10.8960	9.7536	9.7536
		Santiago LGU	11.7756	11.4208	10.8976	10.8976	10.8976	10.8976	10.8976	9.7552	9.7552
		Sta. Cruz LGU	11.7698	11.4150	10.8918	10.8918	10.8918	10.8918	10.8918	9.7493	9.7493
		Vigan LGU	11.7678	11.4130	10.8898	10.8898	10.8898	10.8898	10.8898	9.7473	9.7473

		Rate per Customer Charge	5.00	5.00	79.38	79.38	79.38	79.38	79.38	79.38	79.38
		12% VAT on Customer Charge	0.60	0.60	9.53	9.53	9.53	9.53	9.53	9.53	9.53
		Distribution Demand Charge (Per kW)	-	-	-	-	-	-	-	167.56	167.56
		12% Vat on Distribution Demand Charge	-	-	-	-	-	-	-	20.11	20.11
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated
January 11, 2010 on Case No. 2009-088 RC with provisional authority.
2. Starting June 2015, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through
NEA Loans subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015,
an order dated August 17, 2015 covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines (NGCP)
to "extend the collection of the provisionally approved UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
4. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms
as embodied on ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective February 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Starting March 2018 billing, contestable market will be included as an additional customer class since PMFTC has opted to entered a RES Agreement with First Gen.
9. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
10. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”,
the temporary suspension in the collection of the FIT-All for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”
which extends the temporary suspension in the collection of the FIT-All for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers
and business taxes of P.0071, P.0055, P.0045, P.0059, P.0020 and P.0002 are charged to Cabugao, CAndon, Narvacan, Santiago, Sta. Cruz and Vigan LGUs, respectively.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.
11. In a letter received from TransCo dated May 14, 2024 (RAD-2024-05-006), ISECO was advised to implement the new FIT-All rate of P0.0838/kWh
starting June 2024 billing month consistent with ERC Decision for ERC case 2022-051RC.

Prepared by:			Checked by:			Reviewed by:			Approved by:


VIRNA CRISTINA E. VALDEZ			LAWRENCE A. SEVERO			JOYMA A. PONCE			JULIUS CAESAR J. BAÑEZ
Accountant			Finance Manager			Internal Audit Manager			Officer-in-Charge

ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - SISTER COOP
For the billing Month July 2024

TYPE OF CHARGE	CUSTOMER CLASS		MOPRECO/BENECO						LUELCO				Sallacong & Matibuey
	NO.	Description	Residential		Low Voltage			Higher Voltage	Residential	Low Voltage		Higher Voltage	Residential
	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Pub. Bldg.	Industrial	Commercial	BAPA	Commercial	Pub. Bldg.	Commercial	BAPA
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	9.9929	9.9929	9.9929	9.9929	9.9929	9.9929	9.4995	9.4995	9.4995	9.4995	7.3317
		GRAM Rate Charge (Php/kWh)											-
		ICERA Rate Charge (Php/kWh)											-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)
		Transmission System Charge (Php/kWh)											0.5400
3	SYSTEM LOSS CHARGE (Php/kWh)	1.1802	1.1802	1.1802	1.1802	1.1802	1.1802	0.5760	0.5760	0.5760	0.5760	0.7933
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)	-	-	-	-	-	167.56	-	-	-	167.56	-
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	-	0.4613	0.4441	0.4441	-	0.4613
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)	-	-	46.60	46.60	46.60	46.60	-	46.60	46.60	46.60	-
		Supply System Charge (Php/kWh)	0.5376	0.5376	-	-	-	-	0.5376	-	-	-	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	-	32.78	32.78	32.78	32.78	5.00	32.78	32.78	32.78	5.00
		Metering System Charge (Php/kWh)	0.3205	-	-	-	-	-	0.3205	-	-	-	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.2238		0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238	0.2238
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.9864	0.9864	0.9864	0.9864	0.9864	0.9864	1.0224	1.0224	1.0224	1.0224	0.8050
		Transmission Vat (Php/kWh)	-	-	-	-	-	-	-	-	-	-	0.0616
		System Loss Vat (PhP/kWh)	0.1127	0.1127	0.1127	0.1127	0.1127	0.1127	0.0620	0.0620	0.0620	0.0620	0.0874
		Distribution Vat	0.1921	0.1535	0.0870	0.0870	0.0870	0.0337	0.1921	0.0870	0.0870	0.0337	0.1921
		GRAM Rate - VAT Charge (Php/kWh)											-
		ICERA Rate - VAT Charge (Php/kWh)											-
TRANSCO	12	FIT-All) (Renewable) (PhP/kWh)	0.0838		0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0024		0.0024	0.0024	0.0024	0.0024	0.0024	0.0024	0.0024	0.0024	0.0024
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0002		0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002	0.0002
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019		0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
TOTAL		RATE per KWH	13.1298	12.4527	12.2545	12.2545	12.2545	11.8104	12.0321	11.1568	11.1568	10.7127	10.6216
		12% Vat on Rate Per kWh	1.2911	1.2526	1.1861	1.1861	1.1861	1.1328	1.2765	1.1714	1.1714	1.1181	1.1461
		Rate per kWh Including VAT	14.4209	13.7053	13.4406	13.4406	13.4406	12.9432	13.3086	12.3282	12.3282	11.8308	11.7677	-
		Rate per Customer Charge	5.00	-	79.38	79.38	79.38	79.38	5.00	79.38	79.38	79.38	5.00
		12% VAT on Customer Charge	0.60	-	9.53	9.53	9.53	9.53	0.60	9.53	9.53	9.53	0.60
		Distribution Demand Charge (Per kW)						167.56				167.56	-
		12% Vat on Distribution Demand Charge						20.11				20.11	-
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated January 11, 2010 on Case No. 2009-088 RC with
provisional authority.
2. Included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through NEA Loans
subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. Since it is difficult to distinguish as to which areas are being served by MOPRECO or BENECO, billing rates were computed using the blended cost of the two utilities.
4. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015, an order dated August 17, 2015
covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines(NGCP) to "extend the collection of the provisionally approved
UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
5. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms as embodied on ERC's decision
ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to ABRECO consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
9. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective the April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”, the temporary suspension in the collection of the FIT-All
for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)” , which extends the temporary suspension in the collection of the FIT-All
for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.
11. In a letter received from TransCo dated May 14, 2024 (RAD-2024-05-006), ISECO was advised to implement the new FIT-All rate of P0.0838/kWh
starting June 2024 billing month consistent with ERC Decision for ERC case 2022-051RC.

Prepared by:			Checked by:				Reviewed by:				Approved by:


VIRNA CRISTINA E. VALDEZ			LAWRENCE A. SEVERO				JOYMA A. PONCE				JULIUS CAESAR J. BAÑEZ
Accountant			Finance Manager				Internal Audit Manager				Officer-in-Charge

ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - MAIN GRID
For the billing Month August 2024

TYPE OF CHARGE	CUSTOMER CLASS		RESIDENTIAL		LOW VOLTAGE					HIGHER VOLTAGE		CONTESTABLE MARKET
TYPE OF CHARGE	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Irrigartion/ Water system	Public Buildings	Street Lights	Industrial	Industrial	Commercial	CONTESTABLE MARKET
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	7.2432	7.2432	7.2432	7.2432	7.2432	7.2432	7.2432	7.2432	7.2432	-
		GRAM Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-	-
		ICERA Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-	-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)								149.8000	149.8000	149.8000
		Transmission System Charge (Php/kWh)	0.7019	0.7019	0.7178	0.7178	0.7178	0.7178	0.7178	-	-
3	SYSTEM LOSS CHARGE (Php/kWh)	0.7844	0.7844	0.7844	0.7844	0.7844	0.7844	0.7844	0.7844	0.7844	0.7844
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)								167.56	167.56	167.56
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	0.4441	0.4441
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)			46.60	46.60	46.60	46.60	46.60	46.60	46.60	46.60
		Supply System Charge (Php/kWh)	0.5376	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	5.00	32.78	32.78	32.78	32.78	32.78	32.78	32.78	32.78
		Metering System Charge (Php/kWh)	0.3205	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.1805		0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.8007	0.8007	0.8007	0.8007	0.8007	0.8007	0.8007	0.8007	0.8007	-
		Transmission Vat (Php/kWh)	0.0803	0.0803	0.0822	0.0822	0.0822	0.0822	0.0822	0.0692	0.0692	0.0692
		System Loss Vat (PhP/kWh)	0.0869	0.0869	0.0869	0.0869	0.0869	0.0869	0.0869	0.0869	0.0869	0.0869
		Distribution Vat	0.1921	0.1920	0.0871	0.0871	0.0871	0.0871	0.0871	0.0338	0.0338	0.0338
		GRAM Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
TRANSCO	12	FIT-All (Renewable) (PhP/kWh)	0.0838		0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0014		0.0014	0.0014	0.0014	0.0014	0.0014	0.0014	0.0014	0.0014
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
	15	BUSINESS TAX
	16.a.	Cabugao LGU	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104
	16.b.	Candon LGU	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083
	16.c.	Narvacan LGU	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063
	16.d.	Santiago LGU	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079
	16.e.	Sta. Cruz LGU	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021
	16.f.	Vigan LGU	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004
TOTAL		RATE per KWH	10.6419	10.3314	9.7824	9.7824	9.7824	9.7824	9.7824	8.6205	8.6205	1.2935
		Other LGUs	10.6419	10.3314	9.7824	9.7824	9.7824	9.7824	9.7824	8.6205	8.6205
		Cabugao LGU	10.6522	10.3418	9.7928	9.7928	9.7928	9.7928	9.7928	8.6309	8.6309
		Candon LGU	10.6502	10.3398	9.7908	9.7908	9.7908	9.7908	9.7908	8.6289	8.6289
		Narvacan LGU	10.6481	10.3377	9.7887	9.7887	9.7887	9.7887	9.7887	8.6268	8.6268
		Santiago LGU	10.6498	10.3394	9.7903	9.7903	9.7903	9.7903	9.7903	8.6284	8.6284
		Sta. Cruz LGU	10.6439	10.3335	9.7845	9.7845	9.7845	9.7845	9.7845	8.6226	8.6226
		Vigan LGU	10.6419	10.3315	9.7824	9.7824	9.7824	9.7824	9.7824	8.6206	8.6206

		12% Vat on Rate Per kWh	1.1601	1.1600	1.0570	1.0570	1.0570	1.0570	1.0570	0.9907	0.9907	0.1899

		Rate per kWh Including VAT	11.8020	11.4914	10.8394	10.8394	10.8394	10.8394	10.8394	9.6112	9.6112	1.4835
		Other LGUs	11.8020	11.4914	10.8394	10.8394	10.8394	10.8394	10.8394	9.6112	9.6112
		Cabugao LGU	11.8123	11.5018	10.8497	10.8497	10.8497	10.8497	10.8497	9.6216	9.6216
		Candon LGU	11.8103	11.4998	10.8477	10.8477	10.8477	10.8477	10.8477	9.6195	9.6195
		Narvacan LGU	11.8082	11.4977	10.8456	10.8456	10.8456	10.8456	10.8456	9.6175	9.6175
		Santiago LGU	11.8099	11.4993	10.8473	10.8473	10.8473	10.8473	10.8473	9.6191	9.6191
		Sta. Cruz LGU	11.8040	11.4935	10.8414	10.8414	10.8414	10.8414	10.8414	9.6132	9.6132
		Vigan LGU	11.8020	11.4915	10.8394	10.8394	10.8394	10.8394	10.8394	9.6112	9.6112

		Rate per Customer Charge	5.00	5.00	79.38	79.38	79.38	79.38	79.38	79.38	79.38	79.38
		12% VAT on Customer Charge	0.60	0.60	9.53	9.53	9.53	9.53	9.53	9.53	9.53	9.53
		Distribution Demand Charge (Per kW)	-	-	-	-	-	-	-	167.56	167.56	167.56
		12% Vat on Distribution Demand Charge	-	-	-	-	-	-	-	20.11	20.11	20.11
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated
January 11, 2010 on Case No. 2009-088 RC with provisional authority.
2. Starting June 2015, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through
NEA Loans subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015,
an order dated August 17, 2015 covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines (NGCP)
to "extend the collection of the provisionally approved UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
4. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms
as embodied on ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective February 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Starting March 2018 billing, contestable market will be included as an additional customer class since PMFTC has opted to entered a RES Agreement with First Gen.
9. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
10. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”,
the temporary suspension in the collection of the FIT-All for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”
which extends the temporary suspension in the collection of the FIT-All for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers
and business taxes of P.0071, P.0055, P.0045, P.0059, P.0020 and P.0002 are charged to Cabugao, CAndon, Narvacan, Santiago, Sta. Cruz and Vigan LGUs, respectively.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.
11. In a letter received from TransCo dated May 14, 2024 (RAD-2024-05-006), ISECO was advised to implement the new FIT-All rate of P0.0838/kWh
starting June 2024 billing month consistent with ERC Decision for ERC case 2022-051RC.
12. In a letter received from PSAL dated July 26, 2024, ISECO was advised to cease the collection of additional UC for Missionary Electrification amounting to
Php0.0433/kWh effective August 2024 Billing Period.

Prepared by:			Checked by:			Reviewed by:			Approved by:


VIRNA CRISTINA E. VALDEZ			LAWRENCE A. SEVERO			JOYMA A. PONCE			JULIUS CAESAR J. BAÑEZ
Accountant			Finance Manager			Internal Audit Manager			Officer-in-Charge



			-	-	-	-	-	-	-	-	-	(0.0838)
			-	0.0001	-	-	-	-	-	-	-	-
			-	0.0001	-	-	-	-	-	-	-	(0.0838)
			-	-	-	-	-	-	-	-	-	-
			-	-	-	-	-	-	-	-	-	-
			-	-	-	-	-	-	-	-	-	-
			-	-	-	-	-	-	-	-	-	-


			-	-	-	-	-	-	-	-	-
			-	-	-	-	-	-	-	-	-
			-	-	-	-	-	-	-	-	-
			-	-	-	-	-	-	-	-	-
			-	-	-	-	-	-	-	-	-
			-	-	-	-	-	-	-	-	-

ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - SISTER COOP
For the billing Month August 2024

TYPE OF CHARGE	CUSTOMER CLASS		MOPRECO/BENECO						LUELCO				Sallacong & Matibuey
	NO.	Description	Residential		Low Voltage			Higher Voltage	Residential	Low Voltage		Higher Voltage	Residential
	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Pub. Bldg.	Industrial	Commercial	BAPA	Commercial	Pub. Bldg.	Commercial	BAPA
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	7.9981	7.9981	7.9981	7.9981	7.9981	7.9981	7.4788	7.4788	7.4788	7.4788	7.2432
		GRAM Rate Charge (Php/kWh)											-
		ICERA Rate Charge (Php/kWh)											-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)
		Transmission System Charge (Php/kWh)											0.7019
3	SYSTEM LOSS CHARGE (Php/kWh)	0.9423	0.9423	0.9423	0.9423	0.9423	0.9423	0.4215	0.4215	0.4215	0.4215	0.7844
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)	-	-	-	-	-	167.56	-	-	-	167.56	-
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	-	0.4613	0.4441	0.4441	-	0.4613
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)	-	-	46.60	46.60	46.60	46.60	-	46.60	46.60	46.60	-
		Supply System Charge (Php/kWh)	0.5376	0.5376	-	-	-	-	0.5376	-	-	-	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	-	32.78	32.78	32.78	32.78	5.00	32.78	32.78	32.78	5.00
		Metering System Charge (Php/kWh)	0.3205	-	-	-	-	-	0.3205	-	-	-	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.1805		0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.8479	0.8479	0.8479	0.8479	0.8479	0.8479	0.9799	0.9799	0.9799	0.9799	0.8007
		Transmission Vat (Php/kWh)	-	-	-	-	-	-	-	-	-	-	0.0803
		System Loss Vat (PhP/kWh)	0.0968	0.0968	0.0968	0.0968	0.0968	0.0968	0.0557	0.0557	0.0557	0.0557	0.0869
		Distribution Vat	0.1921	0.1535	0.0871	0.0871	0.0871	0.0338	0.1921	0.0871	0.0871	0.0338	0.1921
		GRAM Rate - VAT Charge (Php/kWh)											-
		ICERA Rate - VAT Charge (Php/kWh)											-
TRANSCO	12	FIT-All) (Renewable) (PhP/kWh)	0.0838		0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0014		0.0014	0.0014	0.0014	0.0014	0.0014	0.0014	0.0014	0.0014	0.0014
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019		0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
TOTAL		RATE per KWH	10.8526	10.2198	9.9773	9.9773	9.9773	9.5332	9.8126	8.9373	8.9373	8.4932	10.6419
		12% Vat on Rate Per kWh	1.1368	1.0982	1.0318	1.0318	1.0318	0.9785	1.2277	1.1227	1.1227	1.0694	1.1601
		Rate per kWh Including VAT	11.9894	11.3181	11.0091	11.0091	11.0091	10.5117	11.0403	10.0599	10.0599	9.5625	11.8020	-
		Rate per Customer Charge	5.00	-	79.38	79.38	79.38	79.38	5.00	79.38	79.38	79.38	5.00
		12% VAT on Customer Charge	0.60	-	9.53	9.53	9.53	9.53	0.60	9.53	9.53	9.53	0.60
		Distribution Demand Charge (Per kW)						167.56				167.56	-
		12% Vat on Distribution Demand Charge						20.11				20.11	-
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated January 11, 2010 on Case No. 2009-088 RC with
provisional authority.
2. Included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through NEA Loans
subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. Since it is difficult to distinguish as to which areas are being served by MOPRECO or BENECO, billing rates were computed using the blended cost of the two utilities.
4. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015, an order dated August 17, 2015
covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines(NGCP) to "extend the collection of the provisionally approved
UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
5. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms as embodied on ERC's decision
ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to ABRECO consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
9. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective the April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”, the temporary suspension in the collection of the FIT-All
for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)” , which extends the temporary suspension in the collection of the FIT-All
for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.
11. In a letter received from TransCo dated May 14, 2024 (RAD-2024-05-006), ISECO was advised to implement the new FIT-All rate of P0.0838/kWh
starting June 2024 billing month consistent with ERC Decision for ERC case 2022-051RC.
12. In a letter received from PSAL dated July 26, 2024, ISECO was advised to cease the collection of additional UC for Missionary Electrification amounting to
Php0.0433/kWh effective August 2024 Billing Period.

Prepared by:			Checked by:				Reviewed by:				Approved by:


VIRNA CRISTINA E. VALDEZ			LAWRENCE A. SEVERO				JOYMA A. PONCE				JULIUS CAESAR J. BAÑEZ
Accountant			Finance Manager				Internal Audit Manager				Officer-in-Charge



			0.0019	-	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
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ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - MAIN GRID
For the billing Month September 2024

TYPE OF CHARGE	CUSTOMER CLASS		RESIDENTIAL		LOW VOLTAGE					HIGHER VOLTAGE		CONTESTABLE MARKET
TYPE OF CHARGE	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Irrigartion/ Water system	Public Buildings	Street Lights	Industrial	Industrial	Commercial	CONTESTABLE MARKET
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	7.2042	7.2042	7.2042	7.2042	7.2042	7.2042	7.2042	7.2042	7.2042	-
		GRAM Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-	-
		ICERA Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-	-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)								251.6300	251.6300	251.6300
		Transmission System Charge (Php/kWh)	1.0039	1.0039	1.1423	1.1423	1.1423	1.1423	1.1423	-	-
3	SYSTEM LOSS CHARGE (Php/kWh)	0.8281	0.8281	0.8281	0.8281	0.8281	0.8281	0.8281	0.8281	0.8281	0.8281
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)								167.56	167.56	167.56
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	0.4441	0.4441
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)			46.60	46.60	46.60	46.60	46.60	46.60	46.60	46.60
		Supply System Charge (Php/kWh)	0.5376	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	5.00	32.78	32.78	32.78	32.78	32.78	32.78	32.78	32.78
		Metering System Charge (Php/kWh)	0.3205	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.1805		0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.7739	0.7739	0.7739	0.7739	0.7739	0.7739	0.7739	0.7739	0.7739	-
		Transmission Vat (Php/kWh)	0.1087	0.1087	0.1236	0.1236	0.1236	0.1236	0.1236	0.1037	0.1037	0.1037
		System Loss Vat (PhP/kWh)	0.0891	0.0891	0.0891	0.0891	0.0891	0.0891	0.0891	0.0891	0.0891	0.0891
		Distribution Vat	0.1921	0.1920	0.0871	0.0871	0.0871	0.0871	0.0871	0.0338	0.0338	0.0338
		GRAM Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
TRANSCO	12	FIT-All (Renewable) (PhP/kWh)	0.0838		0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0022		0.0022	0.0022	0.0022	0.0022	0.0022	0.0022	0.0022	0.0022
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
	15	BUSINESS TAX
	16.a.	Cabugao LGU	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104
	16.b.	Candon LGU	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083
	16.c.	Narvacan LGU	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063
	16.d.	Santiago LGU	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079
	16.e.	Sta. Cruz LGU	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021
	16.f.	Vigan LGU	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004
TOTAL		RATE per KWH	10.9494	10.6381	10.2125	10.2125	10.2125	10.2125	10.2125	8.6261	8.6261	1.3382
		Other LGUs	10.9494	10.6381	10.2125	10.2125	10.2125	10.2125	10.2125	8.6261	8.6261
		Cabugao LGU	10.9598	10.6484	10.2229	10.2229	10.2229	10.2229	10.2229	8.6365	8.6365
		Candon LGU	10.9578	10.6464	10.2208	10.2208	10.2208	10.2208	10.2208	8.6345	8.6345
		Narvacan LGU	10.9557	10.6443	10.2188	10.2188	10.2188	10.2188	10.2188	8.6324	8.6324
		Santiago LGU	10.9573	10.6460	10.2204	10.2204	10.2204	10.2204	10.2204	8.6340	8.6340
		Sta. Cruz LGU	10.9515	10.6401	10.2146	10.2146	10.2146	10.2146	10.2146	8.6282	8.6282
		Vigan LGU	10.9495	10.6381	10.2125	10.2125	10.2125	10.2125	10.2125	8.6262	8.6262

		12% Vat on Rate Per kWh	1.1638	1.1637	1.0737	1.0737	1.0737	1.0737	1.0737	1.0006	1.0006	0.2267

		Rate per kWh Including VAT	12.1132	11.8018	11.2862	11.2862	11.2862	11.2862	11.2862	9.6267	9.6267	1.5648
		Other LGUs	12.1132	11.8018	11.2862	11.2862	11.2862	11.2862	11.2862	9.6267	9.6267
		Cabugao LGU	12.1236	11.8122	11.2966	11.2966	11.2966	11.2966	11.2966	9.6371	9.6371
		Candon LGU	12.1216	11.8101	11.2946	11.2946	11.2946	11.2946	11.2946	9.6351	9.6351
		Narvacan LGU	12.1195	11.8081	11.2925	11.2925	11.2925	11.2925	11.2925	9.6330	9.6330
		Santiago LGU	12.1212	11.8097	11.2942	11.2942	11.2942	11.2942	11.2942	9.6346	9.6346
		Sta. Cruz LGU	12.1153	11.8039	11.2883	11.2883	11.2883	11.2883	11.2883	9.6288	9.6288
		Vigan LGU	12.1133	11.8018	11.2863	11.2863	11.2863	11.2863	11.2863	9.6268	9.6268

		Rate per Customer Charge	5.00	5.00	79.38	79.38	79.38	79.38	79.38	79.38	79.38	79.38
		12% VAT on Customer Charge	0.60	0.60	9.53	9.53	9.53	9.53	9.53	9.53	9.53	9.53
		Distribution Demand Charge (Per kW)	-	-	-	-	-	-	-	167.56	167.56	167.56
		12% Vat on Distribution Demand Charge	-	-	-	-	-	-	-	20.11	20.11	20.11
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated
January 11, 2010 on Case No. 2009-088 RC with provisional authority.
2. Starting June 2015, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through
NEA Loans subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015,
an order dated August 17, 2015 covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines (NGCP)
to "extend the collection of the provisionally approved UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
4. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms
as embodied on ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective February 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Starting March 2018 billing, contestable market will be included as an additional customer class since PMFTC has opted to entered a RES Agreement with First Gen.
9. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
10. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”,
the temporary suspension in the collection of the FIT-All for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”
which extends the temporary suspension in the collection of the FIT-All for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers
and business taxes of P.0071, P.0055, P.0045, P.0059, P.0020 and P.0002 are charged to Cabugao, CAndon, Narvacan, Santiago, Sta. Cruz and Vigan LGUs, respectively.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.
11. In a letter received from TransCo dated May 14, 2024 (RAD-2024-05-006), ISECO was advised to implement the new FIT-All rate of P0.0838/kWh
starting June 2024 billing month consistent with ERC Decision for ERC case 2022-051RC.
12. In a letter received from PSAL dated July 26, 2024, ISECO was advised to cease the collection of additional UC for Missionary Electrification amounting to
Php0.0433/kWh effective August 2024 Billing Period.

Prepared by:			Checked by:			Reviewed by:			Approved by:


VIRNA CRISTINA E. VALDEZ			LAWRENCE A. SEVERO			JOYMA A. PONCE			JULIUS CAESAR J. BAÑEZ
Accountant			Finance Manager			Internal Audit Manager			Officer-in-Charge



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			-	0.0002	-	-	-	-	-	-	-	(0.0838)
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ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - SISTER COOP
For the billing Month September 2024

TYPE OF CHARGE	CUSTOMER CLASS		MOPRECO/BENECO						LUELCO				Sallacong & Matibuey
	NO.	Description	Residential		Low Voltage			Higher Voltage	Residential	Low Voltage		Higher Voltage	Residential
	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Pub. Bldg.	Industrial	Commercial	BAPA	Commercial	Pub. Bldg.	Commercial	BAPA
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	8.4812	8.4812	8.4812	8.4812	8.4812	8.4812	9.6615	9.6615	9.6615	9.6615	7.2042
		GRAM Rate Charge (Php/kWh)											-
		ICERA Rate Charge (Php/kWh)											-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)
		Transmission System Charge (Php/kWh)											1.0039
3	SYSTEM LOSS CHARGE (Php/kWh)	1.0013	1.0013	1.0013	1.0013	1.0013	1.0013	0.7358	0.7358	0.7358	0.7358	0.8281
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)	-	-	-	-	-	167.56	-	-	-	167.56	-
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	-	0.4613	0.4441	0.4441	-	0.4613
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)	-	-	46.60	46.60	46.60	46.60	-	46.60	46.60	46.60	-
		Supply System Charge (Php/kWh)	0.5376	0.5376	-	-	-	-	0.5376	-	-	-	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	-	32.78	32.78	32.78	32.78	5.00	32.78	32.78	32.78	5.00
		Metering System Charge (Php/kWh)	0.3205	-	-	-	-	-	0.3205	-	-	-	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.1805		0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.8400	0.8400	0.8400	0.8400	0.8400	0.8400	0.9867	0.9867	0.9867	0.9867	0.7739
		Transmission Vat (Php/kWh)	-	-	-	-	-	-	-	-	-	-	0.1087
		System Loss Vat (PhP/kWh)	0.0959	0.0959	0.0959	0.0959	0.0959	0.0959	0.0765	0.0765	0.0765	0.0765	0.0891
		Distribution Vat	0.1921	0.1535	0.0871	0.0871	0.0871	0.0338	0.1921	0.0871	0.0871	0.0338	0.1921
		GRAM Rate - VAT Charge (Php/kWh)											-
		ICERA Rate - VAT Charge (Php/kWh)											-
TRANSCO	12	FIT-All) (Renewable) (PhP/kWh)	0.0838		0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0022		0.0022	0.0022	0.0022	0.0022	0.0022	0.0022	0.0022	0.0022	0.0022
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019		0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
TOTAL		RATE per KWH	11.3957	10.7620	10.5204	10.5204	10.5204	10.0763	12.3105	11.4352	11.4352	10.9911	10.9494
		12% Vat on Rate Per kWh	1.1280	1.0895	1.0230	1.0230	1.0230	0.9697	1.2553	1.1502	1.1502	1.0969	1.1638
		Rate per kWh Including VAT	12.5237	11.8515	11.5434	11.5434	11.5434	11.0460	13.5657	12.5854	12.5854	12.0880	12.1132	-
		Rate per Customer Charge	5.00	-	79.38	79.38	79.38	79.38	5.00	79.38	79.38	79.38	5.00
		12% VAT on Customer Charge	0.60	-	9.53	9.53	9.53	9.53	0.60	9.53	9.53	9.53	0.60
		Distribution Demand Charge (Per kW)						167.56				167.56	-
		12% Vat on Distribution Demand Charge						20.11				20.11	-
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated January 11, 2010 on Case No. 2009-088 RC with
provisional authority.
2. Included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through NEA Loans
subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. Since it is difficult to distinguish as to which areas are being served by MOPRECO or BENECO, billing rates were computed using the blended cost of the two utilities.
4. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015, an order dated August 17, 2015
covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines(NGCP) to "extend the collection of the provisionally approved
UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
5. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms as embodied on ERC's decision
ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to ABRECO consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
9. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective the April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”, the temporary suspension in the collection of the FIT-All
for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)” , which extends the temporary suspension in the collection of the FIT-All
for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.
11. In a letter received from TransCo dated May 14, 2024 (RAD-2024-05-006), ISECO was advised to implement the new FIT-All rate of P0.0838/kWh
starting June 2024 billing month consistent with ERC Decision for ERC case 2022-051RC.
12. In a letter received from PSAL dated July 26, 2024, ISECO was advised to cease the collection of additional UC for Missionary Electrification amounting to
Php0.0433/kWh effective August 2024 Billing Period.

Prepared by:			Checked by:				Reviewed by:				Approved by:


VIRNA CRISTINA E. VALDEZ			LAWRENCE A. SEVERO				JOYMA A. PONCE				JULIUS CAESAR J. BAÑEZ
Accountant			Finance Manager				Internal Audit Manager				Officer-in-Charge



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			0.0019	0.0002	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
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ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - MAIN GRID
For the billing Month October 2024

TYPE OF CHARGE	CUSTOMER CLASS		RESIDENTIAL		LOW VOLTAGE					HIGHER VOLTAGE		CONTESTABLE MARKET
TYPE OF CHARGE	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Irrigartion/ Water system	Public Buildings	Street Lights	Industrial	Industrial	Commercial	CONTESTABLE MARKET
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	6.0821	6.0821	6.0821	6.0821	6.0821	6.0821	6.0821	6.0821	6.0821	-
		GRAM Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-	-
		ICERA Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-	-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)								224.7500	224.7500	224.7500
		Transmission System Charge (Php/kWh)	0.9341	0.9341	1.0896	1.0896	1.0896	1.0896	1.0896	-	-
3	SYSTEM LOSS CHARGE (Php/kWh)	0.7073	0.7073	0.7073	0.7073	0.7073	0.7073	0.7073	0.7073	0.7073	0.7073
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)								167.56	167.56	167.56
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	0.4441	0.4441
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)			46.60	46.60	46.60	46.60	46.60	46.60	46.60	46.60
		Supply System Charge (Php/kWh)	0.5376	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	5.00	32.78	32.78	32.78	32.78	32.78	32.78	32.78	32.78
		Metering System Charge (Php/kWh)	0.3205	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.1805		0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.6885	0.6885	0.6885	0.6885	0.6885	0.6885	0.6885	0.6885	0.6885	-
		Transmission Vat (Php/kWh)	0.1028	0.1028	0.1199	0.1199	0.1199	0.1199	0.1199	0.0985	0.0985	0.0985
		System Loss Vat (PhP/kWh)	0.0797	0.0797	0.0797	0.0797	0.0797	0.0797	0.0797	0.0797	0.0797	0.0797
		Distribution Vat	0.1921	0.1920	0.0871	0.0871	0.0871	0.0871	0.0871	0.0338	0.0338	0.0338
		GRAM Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
TRANSCO	12	FIT-All (Renewable) (PhP/kWh)	0.0838		0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0015		0.0015	0.0015	0.0015	0.0015	0.0015	0.0015	0.0015	0.0015
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
	15	BUSINESS TAX
	16.a.	Cabugao LGU	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104
	16.b.	Candon LGU	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083
	16.c.	Narvacan LGU	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063
	16.d.	Santiago LGU	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079
	16.e.	Sta. Cruz LGU	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021
	16.f.	Vigan LGU	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004
TOTAL		RATE per KWH	9.6360	9.3254	8.9162	8.9162	8.9162	8.9162	8.9162	7.3825	7.3825	1.2166
		Other LGUs	9.6360	9.3254	8.9162	8.9162	8.9162	8.9162	8.9162	7.3825	7.3825
		Cabugao LGU	9.6464	9.3357	8.9265	8.9265	8.9265	8.9265	8.9265	7.3928	7.3928
		Candon LGU	9.6443	9.3337	8.9245	8.9245	8.9245	8.9245	8.9245	7.3908	7.3908
		Narvacan LGU	9.6423	9.3316	8.9224	8.9224	8.9224	8.9224	8.9224	7.3887	7.3887
		Santiago LGU	9.6439	9.3333	8.9241	8.9241	8.9241	8.9241	8.9241	7.3904	7.3904
		Sta. Cruz LGU	9.6380	9.3274	8.9182	8.9182	8.9182	8.9182	8.9182	7.3845	7.3845
		Vigan LGU	9.6360	9.3254	8.9162	8.9162	8.9162	8.9162	8.9162	7.3825	7.3825

		12% Vat on Rate Per kWh	1.0631	1.0630	0.9752	0.9752	0.9752	0.9752	0.9752	0.9005	0.9005	0.2120

		Rate per kWh Including VAT	10.6991	10.3884	9.8914	9.8914	9.8914	9.8914	9.8914	8.2830	8.2830	1.4286
		Other LGUs	10.6991	10.3884	9.8914	9.8914	9.8914	9.8914	9.8914	8.2830	8.2830
		Cabugao LGU	10.7095	10.3987	9.9018	9.9018	9.9018	9.9018	9.9018	8.2933	8.2933
		Candon LGU	10.7075	10.3967	9.8997	9.8997	9.8997	9.8997	9.8997	8.2913	8.2913
		Narvacan LGU	10.7054	10.3946	9.8977	9.8977	9.8977	9.8977	9.8977	8.2892	8.2892
		Santiago LGU	10.7070	10.3963	9.8993	9.8993	9.8993	9.8993	9.8993	8.2909	8.2909
		Sta. Cruz LGU	10.7012	10.3904	9.8935	9.8935	9.8935	9.8935	9.8935	8.2850	8.2850
		Vigan LGU	10.6992	10.3884	9.8914	9.8914	9.8914	9.8914	9.8914	8.2830	8.2830

		Rate per Customer Charge	5.00	5.00	79.38	79.38	79.38	79.38	79.38	79.38	79.38	79.38
		12% VAT on Customer Charge	0.60	0.60	9.53	9.53	9.53	9.53	9.53	9.53	9.53	9.53
		Distribution Demand Charge (Per kW)	-	-	-	-	-	-	-	167.56	167.56	167.56
		12% Vat on Distribution Demand Charge	-	-	-	-	-	-	-	20.11	20.11	20.11

ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - SISTER COOP
For the billing Month October 2024

TYPE OF CHARGE	CUSTOMER CLASS		MOPRECO/BENECO						LUELCO				Sallacong & Matibuey
	NO.	Description	Residential		Low Voltage			Higher Voltage	Residential	Low Voltage		Higher Voltage	Residential
	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Pub. Bldg.	Industrial	Commercial	BAPA	Commercial	Pub. Bldg.	Commercial	BAPA
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	8.7072	8.7072	8.7072	8.7072	8.7072	8.7072	9.8470	9.8470	9.8470	9.8470	6.0821
		GRAM Rate Charge (Php/kWh)											-
		ICERA Rate Charge (Php/kWh)											-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)
		Transmission System Charge (Php/kWh)											0.9341
3	SYSTEM LOSS CHARGE (Php/kWh)	1.0300	1.0300	1.0300	1.0300	1.0300	1.0300	0.5283	0.5283	0.5283	0.5283	0.7073
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)	-	-	-	-	-	167.56	-	-	-	167.56	-
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	-	0.4613	0.4441	0.4441	-	0.4613
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)	-	-	46.60	46.60	46.60	46.60	-	46.60	46.60	46.60	-
		Supply System Charge (Php/kWh)	0.5376	0.5376	-	-	-	-	0.5376	-	-	-	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	-	32.78	32.78	32.78	32.78	5.00	32.78	32.78	32.78	5.00
		Metering System Charge (Php/kWh)	0.3205	-	-	-	-	-	0.3205	-	-	-	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.1805		0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.8290	0.8290	0.8290	0.8290	0.8290	0.8290	0.9826	0.9826	0.9826	0.9826	0.6885
		Transmission Vat (Php/kWh)	-	-	-	-	-	-	-	-	-	-	0.1028
		System Loss Vat (PhP/kWh)	0.0947	0.0947	0.0947	0.0947	0.0947	0.0947	0.0525	0.0525	0.0525	0.0525	0.0797
		Distribution Vat	0.1921	0.1535	0.0871	0.0871	0.0871	0.0338	0.1921	0.0871	0.0871	0.0338	0.1921
		GRAM Rate - VAT Charge (Php/kWh)											-
		ICERA Rate - VAT Charge (Php/kWh)											-
TRANSCO	12	FIT-All) (Renewable) (PhP/kWh)	0.0838		0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0015		0.0015	0.0015	0.0015	0.0015	0.0015	0.0015	0.0015	0.0015	0.0015
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019		0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
TOTAL		RATE per KWH	11.6497	11.0167	10.7744	10.7744	10.7744	10.3303	12.2878	11.4125	11.4125	10.9684	9.6360
		12% Vat on Rate Per kWh	1.1157	1.0772	1.0107	1.0107	1.0107	0.9574	1.2272	1.1222	1.1222	1.0689	1.0631
		Rate per kWh Including VAT	12.7655	12.0939	11.7851	11.7851	11.7851	11.2877	13.5150	12.5347	12.5347	12.0373	10.6991
		Rate per Customer Charge	5.00	-	79.38	79.38	79.38	79.38	5.00	79.38	79.38	79.38	5.00
		12% VAT on Customer Charge	0.60	-	9.53	9.53	9.53	9.53	0.60	9.53	9.53	9.53	0.60
		Distribution Demand Charge (Per kW)						167.56				167.56	-
		12% Vat on Distribution Demand Charge						20.11				20.11	-

ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - MAIN GRID
For the billing Month November 2024

TYPE OF CHARGE	CUSTOMER CLASS		RESIDENTIAL		LOW VOLTAGE					HIGHER VOLTAGE		CONTESTABLE MARKET
TYPE OF CHARGE	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Irrigartion/ Water system	Public Buildings	Street Lights	Industrial	Industrial	Commercial	CONTESTABLE MARKET
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	6.1745	6.1745	6.1745	6.1745	6.1745	6.1745	6.1745	6.1745	6.1745	-
		GRAM Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-	-
		ICERA Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-	-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)								243.1700	243.1700	243.1700
		Transmission System Charge (Php/kWh)	1.0517	1.0517	1.1956	1.1956	1.1956	1.1956	1.1956	-	-
3	SYSTEM LOSS CHARGE (Php/kWh)	0.7153	0.7153	0.7153	0.7153	0.7153	0.7153	0.7153	0.7153	0.7153	0.7153
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)								167.56	167.56	167.56
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	0.4441	0.4441
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)			46.60	46.60	46.60	46.60	46.60	46.60	46.60	46.60
		Supply System Charge (Php/kWh)	0.5376	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	5.00	32.78	32.78	32.78	32.78	32.78	32.78	32.78	32.78
		Metering System Charge (Php/kWh)	0.3205	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.1805		0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.7081	0.7081	0.7081	0.7081	0.7081	0.7081	0.7081	0.7081	0.7081	-
		Transmission Vat (Php/kWh)	0.1121	0.1121	0.1274	0.1274	0.1274	0.1274	0.1274	0.1086	0.1086	0.1086
		System Loss Vat (PhP/kWh)	0.0811	0.0811	0.0811	0.0811	0.0811	0.0811	0.0811	0.0811	0.0811	0.0811
		Distribution Vat	0.1921	0.1920	0.0871	0.0871	0.0871	0.0871	0.0871	0.0338	0.0338	0.0338
		GRAM Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
TRANSCO	12	FIT-All (Renewable) (PhP/kWh)	0.0838		0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
	15	BUSINESS TAX
	16.a.	Cabugao LGU	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104
	16.b.	Candon LGU	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083
	16.c.	Narvacan LGU	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063
	16.d.	Santiago LGU	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079
	16.e.	Sta. Cruz LGU	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021
	16.f.	Vigan LGU	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004
TOTAL		RATE per KWH	9.8541	9.5433	9.1227	9.1227	9.1227	9.1227	9.1227	7.4830	7.4830	1.2248
		Other LGUs	9.8541	9.5433	9.1227	9.1227	9.1227	9.1227	9.1227	7.4830	7.4830		6.2583	0.0838
		Cabugao LGU	9.8644	9.5536	9.1331	9.1331	9.1331	9.1331	9.1331	7.4934	7.4934
		Candon LGU	9.8624	9.5516	9.1311	9.1311	9.1311	9.1311	9.1311	7.4913	7.4913
		Narvacan LGU	9.8603	9.5495	9.1290	9.1290	9.1290	9.1290	9.1290	7.4893	7.4893
		Santiago LGU	9.8620	9.5512	9.1306	9.1306	9.1306	9.1306	9.1306	7.4909	7.4909
		Sta. Cruz LGU	9.8561	9.5453	9.1248	9.1248	9.1248	9.1248	9.1248	7.4850	7.4850
		Vigan LGU	9.8541	9.5433	9.1228	9.1228	9.1228	9.1228	9.1228	7.4830	7.4830

		12% Vat on Rate Per kWh	1.0934	1.0933	1.0037	1.0037	1.0037	1.0037	1.0037	0.9316	0.9316	0.2235

		Rate per kWh Including VAT	10.9475	10.6366	10.1264	10.1264	10.1264	10.1264	10.1264	8.4146	8.4146	1.4483
		Other LGUs	10.9475	10.6366	10.1264	10.1264	10.1264	10.1264	10.1264	8.4146	8.4146
		Cabugao LGU	10.9578	10.6469	10.1368	10.1368	10.1368	10.1368	10.1368	8.4250	8.4250
		Candon LGU	10.9558	10.6449	10.1347	10.1347	10.1347	10.1347	10.1347	8.4230	8.4230
		Narvacan LGU	10.9537	10.6428	10.1327	10.1327	10.1327	10.1327	10.1327	8.4209	8.4209
		Santiago LGU	10.9554	10.6445	10.1343	10.1343	10.1343	10.1343	10.1343	8.4225	8.4225
		Sta. Cruz LGU	10.9495	10.6386	10.1284	10.1284	10.1284	10.1284	10.1284	8.4167	8.4167
		Vigan LGU	10.9475	10.6366	10.1264	10.1264	10.1264	10.1264	10.1264	8.4147	8.4147

		Rate per Customer Charge	5.00	5.00	79.38	79.38	79.38	79.38	79.38	79.38	79.38	79.38
		12% VAT on Customer Charge	0.60	0.60	9.53	9.53	9.53	9.53	9.53	9.53	9.53	9.53
		Distribution Demand Charge (Per kW)	-	-	-	-	-	-	-	167.56	167.56	167.56
		12% Vat on Distribution Demand Charge	-	-	-	-	-	-	-	20.11	20.11	20.11
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated
January 11, 2010 on Case No. 2009-088 RC with provisional authority.
2. Starting June 2015, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through
NEA Loans subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015,
an order dated August 17, 2015 covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines (NGCP)
to "extend the collection of the provisionally approved UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
4. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms
as embodied on ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective February 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Starting March 2018 billing, contestable market will be included as an additional customer class since PMFTC has opted to entered a RES Agreement with First Gen.
9. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
10. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”,
the temporary suspension in the collection of the FIT-All for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”
which extends the temporary suspension in the collection of the FIT-All for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers
and business taxes of P.0071, P.0055, P.0045, P.0059, P.0020 and P.0002 are charged to Cabugao, CAndon, Narvacan, Santiago, Sta. Cruz and Vigan LGUs, respectively.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.
11. In a letter received from TransCo dated May 14, 2024 (RAD-2024-05-006), ISECO was advised to implement the new FIT-All rate of P0.0838/kWh
starting June 2024 billing month consistent with ERC Decision for ERC case 2022-051RC.
12. In a letter received from PSAL dated July 26, 2024, ISECO was advised to cease the collection of additional UC for Missionary Electrification amounting to
Php0.0433/kWh effective August 2024 Billing Period.

Prepared by:			Checked by:			Reviewed by:			Approved by:


VIRNA CRISTINA E. VALDEZ			LAWRENCE A. SEVERO			JOYMA A. PONCE			JULIUS CAESAR J. BAÑEZ
Accountant			Finance Manager			Internal Audit Manager			Officer-in-Charge



			-	-	-	-	-	-	-	-	-	(0.0838)
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			-	0.0001	-	-	-	-	-	-	-	(0.0838)
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ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - SISTER COOP
For the billing Month November 2024

TYPE OF CHARGE	CUSTOMER CLASS		MOPRECO/BENECO						LUELCO				Sallacong & Matibuey
	NO.	Description	Residential		Low Voltage			Higher Voltage	Residential	Low Voltage		Higher Voltage	Residential
	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Pub. Bldg.	Industrial	Commercial	BAPA	Commercial	Pub. Bldg.	Commercial	BAPA
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	7.3216	7.3216	7.3216	7.3216	7.3216	7.3216	8.8607	8.8607	8.8607	8.8607	6.1745
		GRAM Rate Charge (Php/kWh)											-
		ICERA Rate Charge (Php/kWh)											-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)
		Transmission System Charge (Php/kWh)											1.0517
3	SYSTEM LOSS CHARGE (Php/kWh)	0.8633	0.8633	0.8633	0.8633	0.8633	0.8633	0.0817	0.0817	0.0817	0.0817	0.7153
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)	-	-	-	-	-	167.56	-	-	-	167.56	-
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	-	0.4613	0.4441	0.4441	-	0.4613
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)	-	-	46.60	46.60	46.60	46.60	-	46.60	46.60	46.60	-
		Supply System Charge (Php/kWh)	0.5376	0.5376	-	-	-	-	0.5376	-	-	-	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	-	32.78	32.78	32.78	32.78	5.00	32.78	32.78	32.78	5.00
		Metering System Charge (Php/kWh)	0.3205	-	-	-	-	-	0.3205	-	-	-	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.1805		0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.7391	0.7391	0.7391	0.7391	0.7391	0.7391	0.9590	0.9590	0.9590	0.9590	0.7081
		Transmission Vat (Php/kWh)	-	-	-	-	-	-	-	-	-	-	0.1121
		System Loss Vat (PhP/kWh)	0.0844	0.0844	0.0844	0.0844	0.0844	0.0844	0.0094	0.0094	0.0094	0.0094	0.0811
		Distribution Vat	0.1921	0.1535	0.0871	0.0871	0.0871	0.0338	0.1921	0.0871	0.0871	0.0338	0.1921
		GRAM Rate - VAT Charge (Php/kWh)											-
		ICERA Rate - VAT Charge (Php/kWh)											-
TRANSCO	12	FIT-All) (Renewable) (PhP/kWh)	0.0838		0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019		0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
TOTAL		RATE per KWH	10.0975	9.4644	9.2222	9.2222	9.2222	8.7781	10.8550	9.9797	9.9797	9.5356	9.8541
		12% Vat on Rate Per kWh	1.0157	0.9771	0.9106	0.9106	0.9106	0.8573	1.1605	1.0555	1.0555	1.0022	1.0934
		Rate per kWh Including VAT	11.1132	10.4415	10.1329	10.1329	10.1329	9.6355	12.0156	11.0352	11.0352	10.5379	10.9475	-
		Rate per Customer Charge	5.00	-	79.38	79.38	79.38	79.38	5.00	79.38	79.38	79.38	5.00
		12% VAT on Customer Charge	0.60	-	9.53	9.53	9.53	9.53	0.60	9.53	9.53	9.53	0.60
		Distribution Demand Charge (Per kW)						167.56				167.56	-
		12% Vat on Distribution Demand Charge						20.11				20.11	-
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated January 11, 2010 on Case No. 2009-088 RC with
provisional authority.
2. Included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through NEA Loans
subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. Since it is difficult to distinguish as to which areas are being served by MOPRECO or BENECO, billing rates were computed using the blended cost of the two utilities.
4. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015, an order dated August 17, 2015
covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines(NGCP) to "extend the collection of the provisionally approved
UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
5. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms as embodied on ERC's decision
ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to ABRECO consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
9. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective the April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”, the temporary suspension in the collection of the FIT-All
for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)” , which extends the temporary suspension in the collection of the FIT-All
for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.
11. In a letter received from TransCo dated May 14, 2024 (RAD-2024-05-006), ISECO was advised to implement the new FIT-All rate of P0.0838/kWh
starting June 2024 billing month consistent with ERC Decision for ERC case 2022-051RC.
12. In a letter received from PSAL dated July 26, 2024, ISECO was advised to cease the collection of additional UC for Missionary Electrification amounting to
Php0.0433/kWh effective August 2024 Billing Period.

Prepared by:			Checked by:				Reviewed by:				Approved by:


VIRNA CRISTINA E. VALDEZ			LAWRENCE A. SEVERO				JOYMA A. PONCE				JULIUS CAESAR J. BAÑEZ
Accountant			Finance Manager				Internal Audit Manager				Officer-in-Charge



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			0.0019	0.0001	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
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ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - MAIN GRID
For the billing Month December 2024

TYPE OF CHARGE	CUSTOMER CLASS		RESIDENTIAL		LOW VOLTAGE					HIGHER VOLTAGE		CONTESTABLE MARKET
TYPE OF CHARGE	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Irrigartion/ Water system	Public Buildings	Street Lights	Industrial	Industrial	Commercial	CONTESTABLE MARKET
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	6.4050	6.4050	6.4050	6.4050	6.4050	6.4050	6.4050	6.4050	6.4050	-
		GRAM Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-	-
		ICERA Rate Charge (Php/kWh)	-	-	-	-	-	-	-	-	-	-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)								239.2400	239.2400	239.2400
		Transmission System Charge (Php/kWh)	0.9608	0.9608	1.0916	1.0916	1.0916	1.0916	1.0916	-	-
3	SYSTEM LOSS CHARGE (Php/kWh)	0.7346	0.7346	0.7346	0.7346	0.7346	0.7346	0.7346	0.7346	0.7346	0.7346
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)								167.56	167.56	167.56
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	0.4441	0.4441
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)			46.60	46.60	46.60	46.60	46.60	46.60	46.60	46.60
		Supply System Charge (Php/kWh)	0.5376	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	5.00	32.78	32.78	32.78	32.78	32.78	32.78	32.78	32.78
		Metering System Charge (Php/kWh)	0.3205	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.1805		0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.7212	0.7212	0.7212	0.7212	0.7212	0.7212	0.7212	0.7212	0.7212	-
		Transmission Vat (Php/kWh)	0.0997	0.0997	0.1132	0.1132	0.1132	0.1132	0.1132	0.0955	0.0955	0.0955
		System Loss Vat (PhP/kWh)	0.0818	0.0818	0.0818	0.0818	0.0818	0.0818	0.0818	0.0818	0.0818	0.0818
		Distribution Vat	0.1921	0.1920	0.0871	0.0871	0.0871	0.0871	0.0871	0.0338	0.0338	0.0338
		GRAM Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
		ICERA Rate - VAT Charge (Php/kWh)	-	-	-	-	-	-	-	-	-
TRANSCO	12	FIT-All (Renewable) (PhP/kWh)	0.0838		0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0036		0.0036	0.0036	0.0036	0.0036	0.0036	0.0036	0.0036	0.0036
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
	15	BUSINESS TAX
	16.a.	Cabugao LGU	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104	0.0104
	16.b.	Candon LGU	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083	0.0083
	16.c.	Narvacan LGU	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063	0.0063
	16.d.	Santiago LGU	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079	0.0079
	16.e.	Sta. Cruz LGU	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021	0.0021
	16.f.	Vigan LGU	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004	0.00004
TOTAL		RATE per KWH	10.0150	9.7023	9.2704	9.2704	9.2704	9.2704	9.2704	7.7348	7.7348	1.2460
		Other LGUs	10.0150	9.7023	9.2704	9.2704	9.2704	9.2704	9.2704	7.7348	7.7348
		Cabugao LGU	10.0254	9.7127	9.2808	9.2808	9.2808	9.2808	9.2808	7.7452	7.7452
		Candon LGU	10.0233	9.7107	9.2788	9.2788	9.2788	9.2788	9.2788	7.7431	7.7431
		Narvacan LGU	10.0213	9.7086	9.2767	9.2767	9.2767	9.2767	9.2767	7.7411	7.7411
		Santiago LGU	10.0229	9.7102	9.2784	9.2784	9.2784	9.2784	9.2784	7.7427	7.7427
		Sta. Cruz LGU	10.0171	9.7044	9.2725	9.2725	9.2725	9.2725	9.2725	7.7368	7.7368
		Vigan LGU	10.0150	9.7024	9.2705	9.2705	9.2705	9.2705	9.2705	7.7348	7.7348

		12% Vat on Rate Per kWh	1.0948	1.0947	1.0033	1.0033	1.0033	1.0033	1.0033	0.9323	0.9323	0.2111

		Rate per kWh Including VAT	11.1098	10.7970	10.2737	10.2737	10.2737	10.2737	10.2737	8.6671	8.6671	1.4571
		Other LGUs	11.1098	10.7970	10.2737	10.2737	10.2737	10.2737	10.2737	8.6671	8.6671
		Cabugao LGU	11.1201	10.8074	10.2841	10.2841	10.2841	10.2841	10.2841	8.6774	8.6774
		Candon LGU	11.1181	10.8053	10.2821	10.2821	10.2821	10.2821	10.2821	8.6754	8.6754
		Narvacan LGU	11.1160	10.8033	10.2800	10.2800	10.2800	10.2800	10.2800	8.6733	8.6733
		Santiago LGU	11.1177	10.8049	10.2817	10.2817	10.2817	10.2817	10.2817	8.6750	8.6750
		Sta. Cruz LGU	11.1118	10.7991	10.2758	10.2758	10.2758	10.2758	10.2758	8.6691	8.6691
		Vigan LGU	11.1098	10.7970	10.2738	10.2738	10.2738	10.2738	10.2738	8.6671	8.6671

		Rate per Customer Charge	5.00	5.00	79.38	79.38	79.38	79.38	79.38	79.38	79.38	79.38
		12% VAT on Customer Charge	0.60	0.60	9.53	9.53	9.53	9.53	9.53	9.53	9.53	9.53
		Distribution Demand Charge (Per kW)	-	-	-	-	-	-	-	167.56	167.56	167.56
		12% Vat on Distribution Demand Charge	-	-	-	-	-	-	-	20.11	20.11	20.11
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated
January 11, 2010 on Case No. 2009-088 RC with provisional authority.
2. Starting June 2015, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through
NEA Loans subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015,
an order dated August 17, 2015 covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines (NGCP)
to "extend the collection of the provisionally approved UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
4. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms
as embodied on ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective February 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Starting March 2018 billing, contestable market will be included as an additional customer class since PMFTC has opted to entered a RES Agreement with First Gen.
9. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
10. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”,
the temporary suspension in the collection of the FIT-All for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”
which extends the temporary suspension in the collection of the FIT-All for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers
and business taxes of P.0071, P.0055, P.0045, P.0059, P.0020 and P.0002 are charged to Cabugao, CAndon, Narvacan, Santiago, Sta. Cruz and Vigan LGUs, respectively.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.
11. In a letter received from TransCo dated May 14, 2024 (RAD-2024-05-006), ISECO was advised to implement the new FIT-All rate of P0.0838/kWh
starting June 2024 billing month consistent with ERC Decision for ERC case 2022-051RC.
12. In a letter received from PSAL dated July 26, 2024, ISECO was advised to cease the collection of additional UC for Missionary Electrification amounting to
Php0.0433/kWh effective August 2024 Billing Period.

Prepared by:			Checked by:			Reviewed by:			Approved by:


IONE E. ORPILLA			VIRNA CRISTINA E. VALDEZ			JOYMA A. PONCE			LAWRENCE A. SEVERO
Senior Bookkeeper			OIC - Finance Department			Internal Audit Manager			General Manager



			-	-	-	-	-	-	-	-	-	(0.0838)
			-	0.0003	-	-	-	-	-	-	-	-
			-	0.0003	-	-	-	-	-	-	-	(0.0838)
			-	-	-	-	-	-	-	-	-	-
			-	-	-	-	-	-	-	-	-	-
			-	-	-	-	-	-	-	-	-	-
			-	-	-	-	-	-	-	-	-	-

ILOCOS SUR ELECTRIC COOPERATIVE, INC.
Santiago, Ilocos Sur

UNBUNDLED RATE SCHEDULE - SISTER COOP
For the billing Month December 2024

TYPE OF CHARGE	CUSTOMER CLASS		MOPRECO/BENECO						LUELCO				Sallacong & Matibuey
	NO.	Description	Residential		Low Voltage			Higher Voltage	Residential	Low Voltage		Higher Voltage	Residential
	NO.	Description	Res. / BAPA	Sale for Resale	Commercial	Pub. Bldg.	Industrial	Commercial	BAPA	Commercial	Pub. Bldg.	Commercial	BAPA
GENERATION, TRANSMISSION COMPANIES AND SYSTEMS LOSS	1	GENERATION CHARGE
		Generation System Charge(Php / kWh)	7.2837	7.2837	7.2837	7.2837	7.2837	7.2837	9.0788	9.0788	9.0788	9.0788	6.4050
		GRAM Rate Charge (Php/kWh)											-
		ICERA Rate Charge (Php/kWh)											-
	2	TRANSMISSION CHARGE
		Demand Charge (Php / kW)
		Transmission System Charge (Php/kWh)											0.9608
3	SYSTEM LOSS CHARGE (Php/kWh)	0.8620	0.8620	0.8620	0.8620	0.8620	0.8620	(0.0513)	(0.0513)	(0.0513)	(0.0513)	0.7346
	System Loss Refund - January 2014 (Php/kWh)
DISTRIBUTION REVENUES (ISECO)	4	DISTRIBUTION CHARGE
		Demand Charge (Php/kW)	-	-	-	-	-	167.56	-	-	-	167.56	-
		Distribution System Charge (Php/kWh)	0.4613	0.4613	0.4441	0.4441	0.4441	-	0.4613	0.4441	0.4441	-	0.4613
	5	SUPPLY CHARGE
		Retail Customer Charge (Php/customer/mo.)	-	-	46.60	46.60	46.60	46.60	-	46.60	46.60	46.60	-
		Supply System Charge (Php/kWh)	0.5376	0.5376	-	-	-	-	0.5376	-	-	-	0.5376
	6	METERING CHARGE
		Retail Customer Charge (Php/Customer/mo)	5.00	-	32.78	32.78	32.78	32.78	5.00	32.78	32.78	32.78	5.00
		Metering System Charge (Php/kWh)	0.3205	-	-	-	-	-	0.3205	-	-	-	0.3205
	7	RFSC (PhP/kWh)	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178	0.2178
	8	RFSC - Debt Service (PhP/kWh)	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381	0.0381
	9	RFSC - Debt Service 2 (PhP/kWh)	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247	0.0247
GOVERNMENT REVENUES	10	UNIVERSAL CHARGES
		Missionary Electrification-NPC-SPUG	0.1805		0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805	0.1805
		Missionary Electrification-Renewable Energy Developers	0.0017		0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017	0.0017
		Environmental Charge	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Contract Cost	-		-	-	-	-	-	-	-	-	-
		NPC Stranded Debt	0.0428		0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428	0.0428
	11	VALUE ADDED TAX
		Generation Vat (Php/kWh)	0.7121	0.7121	0.7121	0.7121	0.7121	0.7121	1.0001	1.0001	1.0001	1.0001	0.7212
		Transmission Vat (Php/kWh)	-	-	-	-	-	-	-	-	-	-	0.0997
		System Loss Vat (PhP/kWh)	0.0813	0.0813	0.0813	0.0813	0.0813	0.0813	0.0042	0.0042	0.0042	0.0042	0.0818
		Distribution Vat	0.1921	0.1535	0.0871	0.0871	0.0871	0.0338	0.1921	0.0871	0.0871	0.0338	0.1921
		GRAM Rate - VAT Charge (Php/kWh)											-
		ICERA Rate - VAT Charge (Php/kWh)											-
TRANSCO	12	FIT-All) (Renewable) (PhP/kWh)	0.0838		0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838	0.0838
OTHERS	13	LIFELINE SUBSIDY RATE (PhP/kWh)	0.0036		0.0036	0.0036	0.0036	0.0036	0.0036	0.0036	0.0036	0.0036	0.0036
OTHERS	14	SENIOR CITIZEN SUBSIDY RATE (PhP/kWh)	0.0003		0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003	0.0003
PASS-THROUGH TAXES	15	REAL PROPERTY TAX	0.0019		0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019	0.0019
TOTAL		RATE per KWH	10.0603	9.4252	9.1850	9.1850	9.1850	8.7409	10.9421	10.0668	10.0668	9.6227	10.0150
		12% Vat on Rate Per kWh	0.9856	0.9470	0.8805	0.8805	0.8805	0.8272	1.1964	1.0913	1.0913	1.0380	1.0948
		Rate per kWh Including VAT	11.0458	10.3722	10.0655	10.0655	10.0655	9.5681	12.1384	11.1581	11.1581	10.6607	11.1098	-
		Rate per Customer Charge	5.00	-	79.38	79.38	79.38	79.38	5.00	79.38	79.38	79.38	5.00
		12% VAT on Customer Charge	0.60	-	9.53	9.53	9.53	9.53	0.60	9.53	9.53	9.53	0.60
		Distribution Demand Charge (Per kW)						167.56				167.56	-
		12% Vat on Distribution Demand Charge						20.11				20.11	-
NOTES:
1. ISECO's distribution wheeling charges were based on the Rules for Setting the Electric Cooperatives Wheeling Rates (RSEC-WR) as embodied in ERC order dated January 11, 2010 on Case No. 2009-088 RC with
provisional authority.
2. Included in the billing rates is the approved additional RFSC charge associated in the implementation of 2010 to 2012 Capital Projects Expenditues financed through NEA Loans
subject to recovery for 10 years (ERC's decision Case No. 2011-123 RC docketed July 12, 2013).
3. Since it is difficult to distinguish as to which areas are being served by MOPRECO or BENECO, billing rates were computed using the blended cost of the two utilities.
4. In connection to ERC Case No. 2014-135 RC extending the implementation of Universal Charges Missionary Electrification (UCME) from January to August 2015, an order dated August 17, 2015
covering this order has been issued directing all the Distribution Utilities ( DUs) and the National Grid Corporation of the Philippines(NGCP) to "extend the collection of the provisionally approved
UCME subsidy of Php0.1561/kWh until the final resolution of the petition.
5. Also included in the billing rates (effective October 2015) are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms as embodied on ERC's decision
ERC's decision dated July 06, 2015 on Case No. 2014-024 CF docketed July 09, 2015.
5. Effective June 2017 billing, Feed-In Tariff Allowance (FIT-All) will be billed to end-users at Php 0.1830 per kWh pursuant to ERC Order on Case No. 2015-216 RC
dated May 09, 2017 docketed May 18, 2017.
6. Pursuant to ERC Case No. 2013-195RC dated June 27, 2017 docketed July 21, 2017, a new universal charge shall be billed to consumers as NPC Stranded Debt amounting to
Php .0265/kWh starting August 2017. However, due to time constraint, tediousness of the works to be done in the new billing system and slow response of the developer,
the implementation of the said additional rate is deferred until September billing.
7. Effective 2018 billing, Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA) will be billed to ABRECO consumers as embodied
on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC; ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC;
ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA dated December 19, 2017 docketed December 22, 2017.
It shall be implemented for sixty (60) months.
8. Effective April 2018 billing only, Automatic Cost Recovery Mechanism (ACRM) is billed to consumers as embodied on ERC Case No. 2008-042RC; ERC Case No. 2008-053RC; ERC Case No. 2008-063RC;
ERC Case No. 2009-032RC; ERC Case No. 2009-056RC; ERC Case No. 2010-003RC; ERC Case No. 2010-068RC; ERC Case No. 2010-074RC for GRAM and ERC Case No. 2010-067: ERC Case No. 073 for ICERA
dated December 19, 2017 docketed December 22, 2017.
9. The effectivity of the additional Php 0.0733/kWh in FIT-ALL rate should be on June 2018 however we were not able to include the said increase in our billing rates. Thus, effective August 2018,
the new FIT-ALL rate is Php 0.2563/kWh. However for August and September 2018 billing, the rate is Php 0.3296/kWh consisting of the increase that should have been included in the previous months.
11. Starting December 2018, included in the billing rates is the approved additional RFSC charge associated in the implementation of 2013 CAPEX Project New Sta Cruz Substation and Subtransmission
Line From Candon S/S to Sta Cruz S/S financed through NEA Loan subject to recovery for 10 years embodied on ERC Case No. 2013-076RC dated April 19, 2016 docketed on July 26, 2016.
12. Energy Regulatory Commission in its Decision dated 12 March 2019 (received by TransCo on 29 March 2019) in the case entitled “In the Matter of the Application for the Approval of the Feed-in-Tariff
Allowance for the Calendar Year 2018 Pursuant to the Guidelines for Collection of the Feed-In-Tariff Allowance and the Disbursement of the Feed-In-Tariff Allowance Fund, with Prayer for Provisional
Authority” under ERC Case No. 2017-079RC, has approved the implementation of 2018 FIT-All rate of P0.2226/kWh (effective the April billing cycle)
13. Pursuant to the Energy Regulatory Commission (ERC) Order dated 15 January 2019, the Commission has partially granted PSALM’s Motion for Reconsideration,
relative to its UC-SD petition for true-up adjustments under the ERC’s Decision in Case No. 2013-195 RC covering the period CYs 2011 and 2012, the amount of PhP12,477,218,644.68 with an
equivalent rate of PhP0.0163/kWh on top of existing rate of Php .0265. The new rate is now Php .0428/kWh.
14. Effective July 2019 billing, universal charge NPC Stranded Contract Costs will be billed to end-users amounting to PhP 0.0543/kWh as ordered by ERC on Case No. 2015-139 RC dated April 10, 2019.
15. Effective February 2020 billing, implementation of universal charge NPC Stranded Contract Costs ceases as per ERC decision dated April 10 2019 covering ERC Case No. 2015-139.
16. BAPAs Sallacong & Matibuey previously supplied by ABRECO remaining over and under recoveries is subsidized by the Coop under BR#183 s. 2020.
17. Effective March 2020 billing, included are the result of ERC's new confirmation on the various automatic cost adjustments and true-up mechanisms for the year 2014 to 2016
as embodied on ERC's decision dated December 05, 2019 on Case No. 2017-038 RCCF docketed February 28, 2020.
17. Effective June 2020 billing, the UC-EC is suspended until further notice Relative to the ERC Advisory dated 22 May 2020.
17. Effective January 2021 billing, the new FIT-All rate is Php 0.0983 as approved in the decision on ERC Case No. 2019-056RC dated November 23, 2020.
2. Effective August 2022 billing, there will be an additional UCME-NPC SPUG true up rate of Php Php 0.0239 pursuant to ERC Notice of Resolution on Case No. 2013-191RC dated August 04, 2022.
Already ended on July 2023. Thus, for August 2023 billing, no longer included. However, in a letter received from PSALM dated August 22, 2023, ISECO is directed to continue the collection
starting September 2023 billing until advised by PSALM to stop.
3. Effective October 2022 billing, the new FIT-All rate is Php 0.0364 pursuant to ERC Notice of Resolution on Case No. 2021-061RC dated August 30, 2022.
4. Pursuant to Energy Regulatory Commission (ERC) Resolution No. 12 series of 2022, “A resolution adopting the suspension of the collection of Feed-in-Tariff Allowance (FIT-All).”, the FIT-All rate
will be temporarily suspended for three (3) months starting December 2022 to February 2023 in light of the rising level of inflation and cost of living affecting millions of Filipino households.
5. Pursuant to ERC Resolution No. 02, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)”, the temporary suspension in the collection of the FIT-All
for six months is extended from March 2023 until August 2023 billing months.
Pursuant to ERC Resolution No. 11, Series 2023, “A resolution adopting the extension of suspension of the collection of Feed-in-Tariff Allowance (FIT-All)” , which extends the temporary suspension in the collection of the FIT-All
for six months, starting from September 2023 until otherwise lifted by the Commission
6. ERC Resolution # 2, Series of 2021, allowed Distribution Utilities to recover real property, local franchise and business taxes. Effective April 2023, RPT of P.0020 is charged to all consumers.
7. Effective May 2023 billing, there will be additional UCME-NPC SPUG true up rate of P0.0433/kWh pursuant to ERC Notice Resolution dated March 22, 2023.
The new total UCME-NPC SPUG rate will be PhpO.2216/kWh starting May 2023 until April 2024 or or until the full amount has been collected.
8. Effective October 2023 billing, the approved UC-ME Basic rate is P0.1805/kWh or an additional P0.0261/kWh in accordance with ERC Notice Resolution dated September 5, 2023
9. Energy Regulatory Commission (ERC) issued ERC Resolution No. 1, Series of 2024 dated January 16, 2024 re Lifting of the Suspension of the Collection of FIT-All
and to resume the implementation of the FIT-All rate of PhP0.0364/kWh starting February 2024 Billing Month (January 26 to February 25, 2024).
10. In an email received from PSALM dated April 12, 2024, in view of the full recovery of the UC-ME for CY 2012, PSALM advised ISECO to cease implementation
of the UC-ME rate of P0.0239/kWh effective April 2024 billing period.
11. In a letter received from TransCo dated May 14, 2024 (RAD-2024-05-006), ISECO was advised to implement the new FIT-All rate of P0.0838/kWh
starting June 2024 billing month consistent with ERC Decision for ERC case 2022-051RC.
12. In a letter received from PSAL dated July 26, 2024, ISECO was advised to cease the collection of additional UC for Missionary Electrification amounting to
Php0.0433/kWh effective August 2024 Billing Period.

Prepared by:			Checked by:				Reviewed by:				Approved by:


IONE E. ORPILLA			VIRNA CRISTINA E. VALDEZ				JOYMA A. PONCE				LAWRENCE A. SEVERO
Senior Bookkeeper			OIC - Finance Department				Internal Audit Manager				General Manager



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