Court allows P22.6-B power rate increase

By Jomar Canlas

Jul 06, 2022 12:10 am

THE Supreme Court upheld an Energy Regulatory Commission (ERC) decision granting Manila Electric Co.'s (Meralco) request to enforce a staggered power rate hike worth P22.64 billion after almost a decade of dormancy.

In a ruling penned by Associate Justice Jhosep Lopez, the high court ruled that the ERC followed the Automatic Adjustment of Generation Rate and System Loss Rates by Distribution Utilities (AGRA) Rules and the Electric Power Industry Reform Act of 2001 (Republic Act 9136 or the 'Epira Law').

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Group hits new banknotes

Tulfo, Ong, Lacson lead independent Q4 survey

Marcos grants gratuity pay to govt workers

LPA likely to redevelop into a tropical depression when it reaches WPS -- Pagasa

DOJ to study cases vs Duterte – Marcos

Printing of ballots moved to January

New polymer banknotes introduced