Senator Gatchalian Proposes Abolition of Bill Deposit Collection by Power Firms
Manila: Senator Sherwin Gatchalian has introduced a legislative measure aimed at abolishing the collection of bill deposits by distribution utilities and electric cooperatives, while also advocating for the refund of existing deposits with accrued interest. According to Philippines News Agency, Gatchalian filed Senate Bill No. 1470, known as the Anti-Bill Deposit Act, which challenges the authorization under the Magna Carta for Residential Electricity Consumers allowing the collection of bill deposits. The senator argues that this practice imposes an unnecessary financial burden on consumers. The proposed legislation mandates the Energy Regulatory Commission to conduct an independent audit of all bill-deposit accounts