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Sunday, April 14, 2024

Consumers welcome P13-b Meralco refund

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A consumer group called on the Energy Regulatory Commission to approve the petition of Manila Electric Co. to refund P13.88 billion, equivalent to P0.1528 per kilowatt-hour, to customers over a 24-month period as part of its application for the true-up calculation of actual weighted average tariff against the previously approved rate in 2015.

“We laud and commend the proactive program of Meralco… That is why we took it upon ourselves to intervene to support this initiative by Meralco. Any refund, especially done on voluntary basis, is welcome news for consumers, especially during this period of the challenging pandemic, where money is hard to come by for most poor Filipino consumers,” Laban Konsyumer Inc. LKI president Vic Dimagiba said in a statement over the weekend.

Dimagiba said Meralco’s petition “is laudable on the part of the distribution utility to come up with its own initiative that it will refund to customers.”

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