Meralco reduces rates in March as part of P13.9-B refund

ABS-CBN News

<p>MANILA - Electricity rates will be reduced by P0.36 per kilowatt-hour for the month of March, reflecting refunds ordered by the Energy Regulatory Commission, Meralco said Monday.</p><p>This means residential consumers can save about P72 for using 200 kWh of power, Meralco said in a statement.</p><p>Rates went down to P8.3195 per KWh for March from P8.6793 per kWh in February, bringing electric rates to their lowest level since August 2017, the company said.</p><p>&quot;The rate decrease largely comes from the Energy Regulatory Commission (ERC) conditionally approving Meralco’s proposal to refund to its customers around P13.9 billion,&quot; Meralco said.</p><p>The ERC earlier ordered the utility distributor to refund P13.9 billion to customers.</p><p>The refund was computed between Meralco&#x27;s actual average tariff and the ERC-approved Interim Average Rate for distribution-related charges from July 2015 to November 2020, Meralco said.</p><p>Residential customers will get back P0.2761 per kWh in 24 months or until the amount is fully returned, Meralco said. The itemized amount is listed in the statement under &quot;Dist True-up,&quot; it said.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/02/19/21/erc-orders-meralco-to-refund-p138-billion-to-customers">ERC orders Meralco to refund P13.8 billion to customers</a></li></ul><p>Consumers are advised to observe &quot;prudent use of electricity&quot; during the hot summer months. Consumption usually rises during summer compared to January and February, Meralco said.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/12/29/20/erc-tells-meralco-to-refund-overcollections">ERC tells Meralco to refund P1.4B over-recoveries, collect P2.38B under-recoveries</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1613444" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>Electricity rates will be reduced by P0.36 per kilowatt-hour for the month of March, reflecting refunds ordered by the Energy Regulatory Commission, Meralco said Monday.<br /> </p>

Electricity rates will be reduced by P0.36 per kilowatt-hour for the month of March, reflecting refunds ordered by the Energy Regulatory Commission, Meralco said Monday.

Meralco reduces rates in March as part of P13.9-B refund | ABS-CBN

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Meralco reduces rates in March as part of P13.9-B refund

Meralco reduces rates in March as part of P13.9-B refund

ABS-CBN News

Published Mar 22, 2021 03:47 PM PHT

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