Procedure to be followed by Electric Power Utility Companies Outside Metro Manila in Determining Whether Their Prevailing Electric Power Rates are Higher or Lower Than That of Metro Manila Area for the Month of October

November 9, 1979 REVENUE MEMORANDUM CIRCULAR NO. 62-79 SUBJECT : Procedure to be followed by Electric Power Utility Companies Outside Metro Manila in Determining Whether Their Prevailing Electric Power Rates are Higher or Lower Than That of Metro Manila Area for the Month of October TO : All Internal Revenue Officers, Electric Power Utility Companies and others concerned For the information and guidance of all concerned, and in accordance with the provisions of Section 6 of Revenue Regulations No. 9-79 implementing Batas Pambansa Blg. 36, there is reproduced in Annex "A", the computations of Manila Electric Company of its electric power rates at various levels. All electric power utility companies outside Metro Manila Area must be guided by the rates stated shown in Annex "A" arrived at by the formula shown hereunder for the purposes of determining whether their prevailing electric power rates are higher or lower than the prevailing electric power rates (including the energy tax) imposed in Metro Manila Area. FORMULA : 1. To determine the monthly billing Amount of bill = Cost of energy charges + Currency exchange rate adjustment + Purchase power adjustment 2. To determine the average cost per kilowatt/hour Amount of bill / Number of kilowatt/hour consumed = Average cost per kilo-watt/hour All internal revenue officers and others charged with the enforcement of internal revenue rules are enjoined to be guided accordingly and to give this Circular as wide a publicity as possible. aisa dc EFREN I. PLANA Acting Commissioner