The Energy Regulatory Commission (ERC) has ordered Manila Electric Co. (Meralco) to return P9.5 billion in overcollections to its customers, with the refund to be distributed over a six-month period. The directive was detailed in a report by Philstar Biz.
The refund stems from overcollections identified in Meralco's regulated rates. Customers are expected to see the adjustment reflected in their monthly bills, easing the cost of electricity for households and businesses. The ERC's order ensures that consumers receive the benefit of the excess amounts collected by the utility.
Meralco, the country's largest power distributor, serves millions of customers in Metro Manila and nearby areas. The six-month refund schedule is intended to avoid abrupt changes in billing and to spread the credit evenly across the period. The company has yet to issue an official statement on its compliance with the ERC order.