erc orders meralco refund

The quick read

What's driving the attention

The Energy Regulatory Commission (ERC) ordered the Philippines' Meralco power company to refund P9.5 billion to consumers due to issues around electricity rates.

The Energy Regulatory Commission (ERC) of the Philippines has mandated Meralco to refund P9.5 billion to consumers amid concerns over high electricity rates. Discussions between the Department of Energy (DOE), ERC, and Meralco are ongoing to implement policy reforms aimed at fairer power pricing. The ERC is also supporting efforts to eliminate the system loss charge.