Meralco owes its customers P150B in refunds

Meralco owes its customers P150B in refunds – ex-ERC chief

By Francis Earl Cueto

Dec 04, 2023 12:38 am

A FORMER commissioner of the Energy Regulatory Commission (ERC) said power distributor Manila Electric Co. (Meralco) should refund its customers P150 billion and cut power rates after the government regulator re-computes its weighted average cost of capital (WACC).

Alfredo Non said that based on his computation, Meralco customers were entitled to the following refunds:

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