ERC: Explain rate hike

by Alena Mae S. Flores – February 11, 2016 at 11:25 pm

from Manila Standard

The Energy Regulatory Commission ordered Manila Electric Co. to explain the P0.42-per- kilowatt-hour rate increase for residential consumers in February.

ERC chairman Jose Vicente Salazar asked Meralco “to submit the details and bases of its computation on generation rate, transmission rate, system loss rate, lifeline rate and other pass through charges together with the supporting documents thereof, within three days from receipt therein.”

Salazar said in a separate interview Meralco should submit its charge computation by Feb. 28 but “we can always require them to submit in advance of the period.”

“The order will indicate, will require Meralco to submit justification why rates increased last month. There was indication that it was a substantial increase so we’re asking them to justify the increase,” he said.