Meralco to refund P278 M to consumers
The Energy Regulatory Commission (ERC) has ordered Manila Electric Company (Meralco) to implement a refund of its net over-recoveries at the rate of P0.0107 per kilowatt hour or a total of P278 million.
“While the reduction to the electricity bill may be minimal, the ERC’s actions actually averted a rate increase that would have been inevitable [...]
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