Basel Convention

In petroleum, downstream industry: the international accord which governs the trade or movement of hazardous and toxic waste across borders [Section 4(a), Downstream Oil Industry Deregulation Act of 1998; Section 3(c), Downstream Oil Industry Deregulation Act of 1998...

Stranded Contract Costs of NPC

In electric power: the excess of the contracted cost of electricity under eligible contracts of NPC over the actual selling price of the contracted energy output of such contracts in the market. Such contracts shall have been approved by the ERB as of 31 December 2000...

Lifeline Rate

In electric power: the subsidized rate given to low-income captive market end-users who cannot afford to pay at full cost [Section 4(hh), Electric Power Industry Reform Act of 2001] In electric power: the subsidized rate given to Marginalized/low-income Captive Market...

Universal Charge

In electric power: the charge, if any, imposed for the recovery of the stranded cost and other purposes pursuant to Section 34 hereof [Section 4(ddd), Electric Power Industry Reform Act of 2001] In electric power: the charge, if any, imposed for the recovery of the...

Unviable Area

In electric power: a geographical area within the Franchise Area of a Distribution Utility where immediate extension of distribution line is not feasible [Section 4(ssss), Rules and Regulations to Implement Republic Act No. 9136, Entitled “Electric Power Industry...

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