Approval of Policy on Prompt Payment Discount

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ERC Resolution NO. 12, S. 2005: Approval of Policy on Prompt Payment Discount

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Title Source: Supreme Court: Approval of Policy on Prompt Payment Discount

Law: Erc No. 12, S. 2005

Decision Date: Jul 20, 2005

The New Policy on the Treatment of Prompt Payment Discount allows distribution utilities in the Philippines to reinstate 50% of previously deducted discounts in their approved revenue requirements, with specific amounts determined by the Energy Regulatory Commission.

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