The Power Regulatory Fee has directed Meralco to refund clients. INQUIRER FILE PHOTO
MANILA, Philippines – The Power Regulatory Fee has directed Manila Electrical Co., the nation’s largest personal electrical utility, to “instantly” refund some P20 billion to its shoppers.
That is equal to a mean refund of P0.1189 per kilowatt hour (kWh) throughout buyer courses, in accordance with an announcement launched by the ERC on Friday.
READ: ERC vows ‘no additional delays’ in Meralco price reset
The refund – which ought to be carried out inside three years – represents the distinction between the precise common costs charged by Meralco and the best allowable prices that customers ought to have paid from July 2022 to December 2024.
Meralco’s franchise space covers Metro Manila, Bulacan, Cavite, Rizal, and choose areas in Pampanga, Laguna, Batangas and Quezon.
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