MANILA, Philippines – The Philippine Economic Zone Authority (PEZA) has received P1.166-billion funding support for the ecozone rate program (ERP).
PEZA director general Lilia B. De Lima said the Office of the President approved the funding support of P1.166 billion and has directed the Department of Budget and Management to source out and adopt a disbursement mechanism for the monthly release of funds to the Power Sector Assets and Liabilities Management (PSALM).
The Office of the President recently approved the extension of the National Power Corporation (NPC)/PSALM- Meralco memorandum of agreement providing for Ecozone special power rate.
The ERP is contained in the MOA signed last September 2007 between NPC and Meralco. It is an offshoot of the existing Transition Supply Contract (TSC) between the parties which expired last December 25. With the privatization of the assets of the NPC, the TSC, including the MOA was assigned to PSALM.
Under the MOA, industries with high load factor and with an average monthly consumption of one megawatt are given special generation rates because they are more efficient, and therefore, entitled to a more cost-effective rate which is reflective of their consumption pattern.
De Lima said that the Department of Trade and Industry (DTI), Department of Finance (DOF), the Department of Energy (DOE) and the Department of Budget and Management (DBM) endorsed the request of PEZA to the Office of the President which approved the extension of the Memorandum of Agreement between NPC-PSALM and Meralco providing for ecozone special or preferred rates to qualified PEZA export manufacturing companies until December 25, 2012 or until the implementation of the Retail Competition and Open Access (RCOA), whichever comes first.
The ERP was initially implemented to ecozone enterprises located in 13 PEZA Special Economic Zones within the Meralco franchise area.
Presently, there are 514 ecozone export enterprises located in 21 PEZA special economic zones that are enjoying the benefits of ERP. –Ma. Elisa P. Osorio (The Philippine Star)
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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