Metrobank Wealth Insights·3 min read·medium
ERC orders P9.5-B refund for Meralco customers
✦AI Summary
The Energy Regulatory Commission (ERC) has ordered Manila Electric Co. (Meralco) to refund PHP 9.5 billion to its customers over six months, equivalent to PHP 0.3448 per kilowatt-hour. This refund corrects an over-collection by Meralco due to delays in the rate-setting process from January to December 2025.
Customers of Manila Electric Co. (Meralco) may soon get some relief from high electricity prices as the Energy Regulatory Commission (ERC) approved the implementation of a PHP 9.5-billion refund.
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