The Energy Regulatory Commission (ERC) recently announced that it is ordering Meralco to refund to consumers its over collections amounting to PHP 1.4 Billion. ERC said that Meralco made over collections in the following pass-through charges: Transmission Rate (TR), System Loss Rate (SLR), Lifeline Subsidy Rate (LSR), and Senior Citizen Subsidy Rate (SrCSR). The commission also confirmed the Meralco incurred under-recoveries in the Generation Rate (GR). ERC directed Meralco to implement its over and under-recoveries, by way of refunding and collecting the same, subject to the final evaluation by the Commission. The ERC also directed a longer period for MERALCO to collect the under charges in order to protect the consuming public by mitigating the impact of the said under-recovery collection. Read more in our articles including "ERC orders Meralco to refund PHP 1.4B-worth of over collections" and ""How to Overclock": Pinoys Most Searched".
The Energy Regulatory Commission (ERC) recently announced that it is ordering Meralco to refund to consumers its over collections amounting to PHP 1.4 Billion. ERC said that Meralco made over collections in the following pass-through charges: Transmission Rate (TR), System Loss Rate (SLR), Lifeline Subsidy Rate (LSR), and Senior Citizen Subsidy Rate (SrCSR).
The commission also confirmed the Meralco incurred under-recoveries in the Generation Rate (GR). ERC directed Meralco to implement its over and under-recoveries, by way of refunding and collecting the same, subject to the final evaluation by the Commission. The ERC also directed a longer period for MERALCO to collect the under charges in order to protect the consuming public by mitigating the impact of the said under-recovery collection.
Our coverage of meralco over collections includes: "ERC orders Meralco to refund PHP 1.4B-worth of over collections"; ""How to Overclock": Pinoys Most Searched"; "BIR opens Tax Payer Portal". Each article provides unique insights and information.