Meralco hopes rate reset program will move forward

📆 18/06/2024 15:13:00
📰 TheManilaTimes

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Meralco Notícia

Hopes,Rate,Reset

MANILA Electric Co. (Meralco) is hoping that the rate reset program will finally push through in light of the Energy Regulatory Commission's (ERC) recent decision to drop the motions of reconsideration it filed against the ERC 2023 decision regarding its refunds to customers and its actual weighted average tariff (AWAT) application.

MANILA Electric Co. is hoping that the rate reset program will finally push through in light of the Energy Regulatory Commission's recent decision to drop the motions of reconsideration it filed against the ERC 2023 decision regarding its refunds to customers and its actual weighted average tariff application.

77 billion covering July 2015 to June 2022 and to formally grant Meralco's instant application confirming the true-up calculation of its AWAT.The ERC said in the decision that it found no merit in the contentions made in the motions and highlighted that it exercised its general rate-setting authority and power to act on applications under the Electric Power Industry Reform Act in approving Meralco's AWAT application.

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ERC junks motions vs Meralco rates, refundsTHE Energy Regulatory Commission (ERC) has junked a motion for reconsideration filed by several groups regarding its decision on Manila Electric Co.'s (Meralco's) average rate and refund scheme.
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