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ERC tells Meralco to refund P1.4B over-recoveries, collect P2.38B under-recoveries

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<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2019/news/08/03/meralco.jpg"/><figcaption>Meralco was ordered by the Energy Regulatory Commission to refund overcollections of pass-through charges from Jan. 2017 to Dec. 2019. <em>File photo</em></figcaption></figure></div><div><strong> Undercharging of generation rate in the same period also results in additional collections</strong></div><p><br/>MANILA - Meralco should refund consumers from overcollections of pass-through charges from Jan. 2017 to Dec 2019, the Energy Regulatory Commission said Tuesday.</p><p>The ERC said Meralco over-collected a total of P1.4 billion from pass-through charges in the two-year period, which includes the following items:</p><ul>	<li>Transmission rate</li>	<li>System Loss rate</li>	<li>Lifeline Subsidy rate</li>	<li>Senior Citizen Subsidy rate</li></ul><p>However, Meralco also undercharged P2.38 billion in generation rate, ERC Chairperson and CEO Agnes Devanadera said.</p><p>Starting the next billing cycle, ERC said that Meralco shall return an average of P0.1331 per kWh to consumers for three months.</p><p>Simultaneously, Meralco will collect P0.0395 per kWh in consumers&#x27; bills for 24 months.</p><blockquote class="twitter-tweet"><div dir="ltr" lang="und"><a href="https://t.co/GtqEme8rBM">pic.twitter.com/GtqEme8rBM</a></div>— Energy Regulatory Commission (@ERCgovPH) <a href="https://twitter.com/ERCgovPH/status/1343798722640015360?ref_src=twsrc%5Etfw">December 29, 2020</a></blockquote><div><script async="" src="https://platform.twitter.com/widgets.js" charSet="utf-8" type="text/javascript"></script></div><p>ERC said it ordered Meralco to stretch the collection of charges to a longer period for the consumers to barely feel the impact of the charges.</p><p>The regulator also directed Meralco to submit a sworn statement within 10 days from implementation, stating that they will comply with the ERC order.</p><p>&quot;Let it be emphasized that the commission, in acting on the pass on charges confirmation has the consumers’ welfare as its primordial consideration,&quot; Devanadera said.</p><p>The ERC earlier requested Meralco to submit data to investigate rising electricity costs to consumers.</p><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/_CYM85GlCvE?enablejsapi=1" width="560"></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><div><br/> </div><div class="iwantbar"> </div>

<p>The Energy Regulatory Commission said Meralco over-collected a total of P1.4 billion from pass-through charges in the two-year period.</p>

The Energy Regulatory Commission said Meralco over-collected a total of P1.4 billion from pass-through charges in the two-year period.