The Energy Regulatory Commission (ERC) has ordered the Manila Electric Company (Meralco) to refund its customers for distribution-related charges amounting to almost P21.8 billion.
In a decision, the ERC pegged the distribution-related charges at P21,769,496,221 or an average refund rate of P0.4790 per kWh, covering the period July 2015 to June 2022.
The ERC said the refund would be implemented in the next billing cycle from Meralco’s receipt of the decision.
“The Commission endeavored to review the rate components that can be adjusted under the existing rules. In particular, we made adjustments on the Regulatory Asset Base (RAB) and recomputed the Interim Average Rate (IAR),” ERC Chairperson and CEO Agnes Devanadera said in a statement.
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