by Alena Mae S. Flores – May 26, 2016 at 11:10 pm
from Manila Standard Today
The Energy Regulatory Commission approved the rollout of additional 100,000 prepaid retail electricity meters of Manila Electric Co., an official said.
ERC spokesperson Rexie Digal said the additional prepaid retail electric service meters were part of Meralco’s application for the regulatory year 2016 capital expenditure budget.
“Meralco applied for authority to install 100,000 prepaid meters and the commission approved the same,” Digal said.
Digal said the prepaid meter rollout approval would not have any immediate rate impact “as like other approved capex of Meralco, the same will still be subject to optimization in the next reset.”
“In the application, Meralco submitted as supporting documents the request of some cities for the availability of prepaid service in their areas, such as Manila, Mandaluyong, Makati, Pasig, Cainta, Taytay and Angono,” she said.
ERC previously approved Meralco’s application to offer and provide prepaid electric service, branded as Kuryente Load, to an initial 40,000 customers in its franchise area subject to certain conditions.