A bill deposit protects Visayan Electric against customers who neglect to pay their electric bills. The deposit allows Visayan Electric to recover payment equivalent to one billing period when a customer fails to pay an amount that has become uncollectible.
The Energy Regulation Commission (ERC), through the rules of the Magna Carta and Distribution Services and Open Access Rules (DSOAR), allows power distributors like Visayan Electric to collect a bill deposit from all residential and non-residential customers that apply for new and/or existing with additional electric service.
02
The amount of your bill deposit is equivalent to your 12 months average monthly bill or it will be calculated based from the applied load if you are a new applicant.
03
Your bill deposit may vary each year. One (1) year after paying your bill deposit, and every year thereafter, if your actual average monthly bill for the past 12 months is less than 10% of your current deposit, it will be lowered to approximately the same amount as your average monthly bill.
04
Your bill deposit will earn a 0.25% interest, which will be credited annually to your bill.
05
Your excess deposit for the year will be refunded to you via a credit adjustment in your bill.
06
If your electric service has been disconnected, a bill deposit will be re-imposed and/or adjusted based on your actual average monthly bill in the past 12 months.
07
Your failure to pay is ground for continued electric service disconnection.
08
Yes, your bill deposit will be refunded in full upon termination of service provided all bills have been paid and all identification requirements have been complied. Otherwise, the bill deposit will first be applied against any arrears.
09
Prior to the termination of your Visayan Electric service, you will be entitled to a full refund if you have:
Paid all your bills on or before its due date for 36 consecutive billing months or 3-year period; and
Complied with all identification requirements
In cases where the customer has previously received the refund of his bill deposit, and later defaults in the payment of his monthly bills, the customer shall be required to post with the distribution utility and lose his right to avail of the right to refund his bill deposit in the future until termination of service.
10
FAQs and Electricity Saving Tips
View Your Electricity Bill Anytime, Anywhere with MobileAP
Aside from allowing customers to check their monthly electricity bill, MobileAP allows them to view their payment history for the past 12 months, see consumption charts to help monitor energy consumption, register multiple Visayan Electric accounts, and check the list of payment options.
