- Who will be beneficial from the “Government Subsidy” scheme?
- How long will the “Government Subsidy” scheme last for?
- Could you please explain to me the details of the “Government Subsidy” scheme?
- From where can I know the accumulated amount?
- Can I refund the accumulated amount?
- Does CEM earn the residual amount that is left behind after March 2013 billing month?
- If I applied termination/change name for the contract, can the residual amount be transferred to other contract(s) that is (are) under my name?
- Can the subsidy be used for paying deposits?
1. Who will be beneficial from the “Government Subsidy” scheme?
All residential contracts will be entitled for the “Government Subsidy” scheme.
2. How long will the “Government Subsidy” scheme last for?
The second phase of the Electricity Subsidy Scheme, launched in April 2009, has been expired in March this year. Hence, the third phase of the Subsidy Scheme will be lasted for 12 months, from (April 2010 till March 2011 billing month). The accumulated subsidy balances from the second phase of the scheme will be transferred to the third phase of the scheme for continual use. After the third phase of the scheme, all accumulated subsidy balances will continue to be carried on to the next coverage period, which will last for 2 years (April 2011 to March 2013). By the end of “March 2013 billing month”, all the residual amount in the “Accumulated Unused Government Subsidy” will be discarded (or cancelled).
3. Could you please explain to me the details of the “Government Subsidy” scheme?
The government subsidy from the third phase of the scheme will be delivered in monthly basis for a total of 12 months (April 2010 to March 2011 billing months) through the electricity bill with a maximum subsidized amount of MOP150.00 per month. The subsidies are used for covering the “Current Period Amount” (demand, consumption, tariff clause adjustment & government tax). The deposits and other charges will not be included in this subsidy scheme.
This monthly subsidy could be accumulated. If the “Current Period Amount”, during a particular month, does not reach MOP 150.00, the surplus can be carried forward.
4. From where can I know the accumulated amount?
On a single bill, the amount in the “Unused Government Subsidy Transfer” will be directly added into the “Accumulated Unused Government Subsidy”, shown in the message box on the bill. Therefore, customers can look at the “Accumulated Unused Government Subsidy” for the accumulated amount.
5. Can I refund the accumulated amount?
The accumulated amount is non-refundable and non-transferable. It could only be used to cover the “Current Period Amount” until the residual amount is totally consumed within the defined period (on/before March 2013 billing month) and reported back to the government.
6. Does CEM earn the residual amount that is left behind after March 2013 billing month?
No, CEM does not. The entire residual amount will be reported back to the government.
7. If I applied termination/change name for the contract, can the residual amount be transferred to other contract(s) that is (are) under my name?
No, it cannot. The entire residual amount is non-refundable and non-transferable. Even there are residual amount at the time of termination or change name for a contract, it is still not allowed to transfer to other contracts. It will only report back to the government.
8. Can the subsidy be used for paying deposits?
No.