ERC orders P9.5-B refund to Meralco customers

MANILA, Philippines — More than 8 million consumers of Manila Electric Co. (Meralco) are poised to benefit from a slight reduction in electricity costs with the rollout of a P9.5-billion refund. In its decision dated July 31, the Energy Regulatory Commission (ERC) ordered the company to refund the equivalent rate of P0

The refund adds to growing scrutiny of Meralco’s electricity charges following President Ferdinand Marcos Jr.’s push to remove system loss charges

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