Visayan Electric Company
Power distribution utility in the Philippines.
Why do I need to pay a bill deposit?
“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.”
View in the company profileHow is my bill deposit computed?
“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.”
View in the company profileWill my bill deposit be the same every year?
“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.”
View in the company profileWill my bill deposit earn interest?
“Your bill deposit will earn a 0.05% interest, which will be credited annually to your bill.”
View in the company profileCan I get a refund of my bill deposit?
“Your excess deposit for the year will be refunded to you via a credit adjustment in your bill.”
View in the company profileWhat if I am unable to pay the re-imposed or adjusted bill deposit?
“Your failure to pay is ground for continued electric service disconnection.”
View in the company profile