Meralco to ERC: Release decision on 5th rate reset

Quick Summary:

THE Manila Electric Company has strongly urged the Energy Regulatory Commission (ERC) to release its decision which supposedly allowed it to forgo the fifth regulatory reset of Meralco’s distribution rate, covering the period 2022-2026, saying this will result in at least P16 billion worth of refund to its more than 7 million customers.

Dimalanta clarified that she was actually one of two dissenters who opined that the rate reset of Meralco should be reviewed and settled before the 6RP.“On August 21, the Commission already voted, 3-2, and I was part of the two that dissented, along with Commissioner Maceda.

The best way to move forward, according to Valles, is for ERC to release the order which will then trigger the filing of the refund application and eventually prepare  for the filing of the 6RP for the years 2026-2030.“We don’t want the 6RP to be delayed again.

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Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: Philippines

Topics: Energy Meralco Refund Period Regulatory Reset Decision Rate Meralco’s Awat

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 15:19:03 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1442 words

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Sentences: 45 lines

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Copyright Owner: © Business Mirror

News ID: 23329210

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