Meralco wants to collect P7.9B in under-recoveries

MANILA  -Manila Electric Co. (Meralco), the Philippines’ largest power distributor, is seeking the green light to collect almost P8 billion from its customers and, if approved, this may slightly raise the electricity rates it charges. Meralco intends to file before the Energy Regulatory Commission (ERC) a proposal to collect P7.9 billion in under-recoveries by April … Continue reading Meralco wants to collect P7.9B in under-recoveries