ERC cuts Meralco revenue request by P190 billion in first rate reset in 15 years
The Energy Regulatory Commission allowed Meralco to collect P342 billion in distribution revenues from July 2026 to June 2030, 36 percent less than the P532 billion it sought, Daily Tribune reported. The ERC approved an average distribution rate of P1.48 per kilowatt-hour for the first year, below Meralco's proposed P2.34. Manila Bulletin reported that customers still face higher distribution charges despite the cut.
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Written and translated by AI (Claude) using only the reports listed below. Read the full story at the original source.