While still on experimental phase, the Energy Regulatory Commission (ERC) is well on its way soliciting inputs from stakeholders in line with its mandate to formulate the rules that shall govern the offer or introduction of prepaid retail electric service (PRES) in the deregulated power industry.
As envisioned, prepaid metering for electricity shall become part of the innovations for the industry as its restructuring process reaches more advanced phases. Parties are required to submit their comments on or before May 4 this year.
PRES, the ERC explained, is “designed to allow a residential customer to purchase credit and then use electricity until such time as the credit is exhausted.”
The prepaid meter shall have the capacity to communicate to the customer important data, such as current balance, time and date; and must display the customer’s previous 30-day consumption and the number of days into the current 30-day period, followed by the consumption in kilowatt hours (kWhs).