Manila Bulletin·3 min read·medium
Meralco's ₱9-billion refund may be offset by added charges
D
Dexter Barro II
✦AI Summary
Meralco is seeking regulatory approval to recover billions in costs, which may offset a planned refund to consumers. The Energy Regulatory Commission is currently reviewing both the refund and the recovery requests, with a decision on long-term rate resets expected soon.
Manila Electric Co.’s (Meralco) plan to refund more than ₱9 billion to customers may not translate into lower electricity bills, as its regulator is also weighing the power utility giant’s request to recover more than ₱9 billion in additional charges.
businesseconomy
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