ERC orders Meralco to refund P9.51 billion to customers

MANILA, Philippines - The Energy Regulatory Commission (ERC) has ordered Meralco to refund P9.51 billion to its customers for overrecoveries for the period of January 2025 to December 2025.In a decision released on Sunday, the ERC directed Meralco to refund the total amount of P9,506,566,556 or an equivalent average refund rate of P0.3448 per kilowatt-hour (kWh) for all customer classes.The refund scheme and implementation period shall be within 6 months, shorter than Meralco's proposed 36 months.Earlier this year, Meralco filed two petitions before the ERC proposing a refund of P4,689,435,330 for the January 2025 - June 2025 period, and a refund of P4,321,065,606 for July 2025-December 2025.The refund will appear as a separate line item labeled "AWAT (Refund)/Collect," allowing consumers to clearly see the amount being returned to them each month.