ERC metes P19-M token fine versus Meralco - Manila Bulletin

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ERC metes P19-M token fine versus Meralco - Manila Bulletin
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Due to its own confusing mandate of “estimated billings” and with the regulatory compass swinging in all directions during ECQ period, ERC meted “token penalty” of P19 million against Meralco allegedly for non-compliance to the orders of the Commission.

Due to its own confusing mandate of “estimated billings” and with the regulatory compass swinging in all directions during the enhanced community quarantine period, the Energy Regulatory Commission meted “token penalty” of P19 million against Manila Electric Company allegedly for non-compliance to the orders of the Commission.

Of the proposed discount rate to life-liners, Meralco said it already extended P101 million of such subsidy to its qualified customers based on earlier request of Congress, primarily by the House committee on good government and public accountability. In a decision dated August 20 this year, the ERC stated that it imposed P19 million fine on Meralco “for violating the regulatory agency’s advisories that it issued during the community quarantine period starting in March until July 2020.”

The ERC said it factored in “the number of advisories that were violated by Meralco and the number of days that lapsed before serious efforts were undertaken to comply with the Commission’s directives.” And the reckoning date for that had been July 9 this year. ERC Chairperson Agnes T. Devanadera averred “Meralco’s neglect to provide accurate and timely information especially during this time of pandemic has created chaos and confusion to most of the electricity consuming public.”

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manilabulletin /  🏆 25. in PH

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