ERC modifies decision for Meralco to forgo 5th regulatory reset

Quick Summary:

THE Energy Regulatory Commission (ERC) has "modified” an earlier decision which supposedly allowed the Manila Electric Company (Meralco) to forgo the fifth regulatory reset (5thRP) of its distribution rate, covering the period 2022-2026.

Asked for comment on the modified decision, Meralco Senior Vice President and Head of Regulatory Management Atty.

The rate must go through the resetting process,” Gatchalian earlier said.“We did this to the National Grid Corporation of the Philippines, so we must apply the same rules to Meralco.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: Philippines

Topics: Distribution Commission Decision Meralco Regulatory Rate Dimalanta Energy Last Reset

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 16:08:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 722 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23400345

View Article Analysis

About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 75 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 14 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions