The Energy Regulatory Commission (ERC) has ordered Manila Electric Co. (Meralco) to refund its customers over P7.75 billion in over-recoveries on electric bills for a period of 12 months, starting this month. Read more👇
The Energy Regulatory Commission has ordered Manila Electric Co. to refund its customers over P7.75 billion in over-recoveries on electric bills for a period of 12 months, starting this month.
“The ERC’s review and true-up of Meralco’s regulatory asset base resulted in a reduction of Meralco’s previously approved RAB for the 3rd Regulatory period,” Digal said. ERC said the P7,755,444,758 refund covers the period for fiscal years 2012 to 2015 and shall be implemented for 12 months starting with the May bills of Meralco consumers.
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ERC orders Meralco to refund ₱7.75 billion excess collections from customersThe order instructs Meralco to refund a total of 7,755,444,758 worth of overcharges to its residential customers beginning this month of May and for a period of 12 months, which is equivalent to 46.69 centavos per kilowatt hour (kWh).
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ERC orders Meralco to refund ₱7.75 billion excess collections from customersThe order instructs Meralco to refund a total of 7,755,444,758 worth of overcharges to its residential customers beginning this month of May and for a period of 12 months, which is equivalent to 46.69 centavos per kilowatt hour (kWh).
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