ERC tells Meralco to refund ₱1.4B excess collections to customers

Metro Manila (CNN Philippines, December 29) — The Energy Regulatory Commission ordered the Manila Electric Co. to return ₱1.4 billion to customers due to excess charges from 2017 to 2019. The regulator on Tuesday said Meralco overcharged its pass-through costs, namely the transmission rate, system loss rate, lifeline subsidy rate, and its...

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CNN Philippines ERC Energy Regulatory Commission Manila Electric Co. Meralco Metro Manila