ERC urged not to skip Meralco rate reset

Quick Summary:

THE Energy Regulatory Commission (ERC) was told not to forgo the fifth regulatory reset of the Manila Electric Company’s (Meralco) distribution rate, covering the period 2022-2026, warning that the move could lead to higher electricity bills for consumers.

Currently, NPC is pushing to accelerate the hybridization of its Small Power Utilities Group (SPUG) diesel power plants using renewable energy resources.

Sherwin Gatchalian told ERC officials at a recent Senate hearing on the proposed 2025 budget of the Department of Energy and its attached agencies, including the ERC, last week.

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Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: Philippines

Topics: Consumers Ucme Rates Reset Energy Power Gatchalian Meralco Percent Electricity Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-20 @ 16:10:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 691 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23139389

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 52 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

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