With the continuing increase in fuel prices, the National Electrification Administration (NEA) issued an advisory to all the Electric Cooperatives (ECs) nationwide to observe cost reduction in fuel consumption. The rising fuel costs can put a major strain on the financial operations of the ECs prompting the NEA to advise the ECs to re-evaluate their practices on cutting operating expenses, particularly on the use of fuel. Should the ECs’ actual disbursement on fuel exceed the budget allocation, there is a need for supplemental and/or budget realignment as stated in the NEA Memorandum No. 2021-46.

NEA Administrator Emmanuel P. Juaneza also encouraged the Board of Directors, Management and Staff of the ECs to continue practicing the cost-cutting measures in their operations since prudent use of EC funds ensures their financial stability even during critical times. ###