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MER to collect PHP 0.04/kWh under recovery starting June

15 Jun

Manila Electric Company (MER) was given clearance by the Energy Regulatory Commission (ERC) to collect PHP 908.6 million under recoveries for 2003-2010.

The recovery will start next billing cycle until such time the amount has been fully collected.

This would translate to PHP 0.04/kWh added charge.

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The under-recovery will settle generation, transmission, system loss & lifeline subsidies that MER paid before.

Yesterday, MER announced PHP 0.58/kWh reduction for June electricity bills, due to lower generation charges.

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Posted by on June 15, 2015 in Corporate News, MER, Stock Market

 

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