Business
ERC Approves Meralco's First Rate Reset in 15 Years, Trims Revenue Bid by P190 Billion
The Energy Regulatory Commission has approved Meralco's first distribution rate reset since 2011, raising its average distribution rate to P1.48 per kWh from P1.35. The regulator cut the utility's four-year revenue requirement to about P342 billion, far below the P532 billion it sought.
