The Philippines' ERC plans to reassess Meralco rates, potentially refunding P16 billion to consumers.

The Energy Regulatory Commission (ERC) in the Philippines plans to revisit the rate reset for Manila Electric Co. (Meralco) during its fifth regulatory period (2022-2026). This decision follows feedback from a Senate hearing and could lead to refunds totaling P16 billion for consumers. ERC Chair Monalisa Dimalanta emphasized the need for rates to reflect current economic conditions, with further decisions expected before the next rate reset in July 2026.

November 04, 2024
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