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.
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.