Meralco ordered to refund P9.5 billion to consumers
The Energy Regulatory Commission (ERC) in the Philippines has ordered Manila Electric Co. (Meralco) to refund P9.5 billion to over 8 million consumers due to overcharges in past billing periods. This decision is expected to result in a reduction of approximately P0.3448 per kilowatt-hour for customers.
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- Meralco ordered to refund P9.5 billion to customers
The Energy Regulatory Commission (ERC) in the Philippines has ordered utility giant Meralco to refund P9.5 billion to its customers for overrecoveries. The refund will be implemented over six months, with typical households expected to see an average reduction of P117.22 in their electricity bills.
- ERC Orders Meralco to Refund P9.5 Billion to Consumers
The Energy Regulatory Commission (ERC) has ordered Manila Electric Co. (Meralco) to refund P9.5 billion to consumers. This refund amounts to P0.3449 per kilowatt-hour, providing a modest relief from high power rates.
- Meralco Ordered to Refund P9.5 Billion to Customers by ERC
The Energy Regulatory Commission (ERC) in the Philippines has ordered Manila Electric Company (Meralco) to refund P9.5 billion to its customers. This directive stems from Meralco's past collection of unauthorized charges. The refund process is mandated to be completed within six months.