MER seeks ERC nod for lower average electricity rates

16 Jun

Manila Electric Company (MER) has asked the Energy Regulatory Commission to allow the firm to lower its distribution and metering charges at an average of 10.4%.

“Meralco asked the ERC for authority to implement an In-terim Rate that is on average, across all customer classes, a 10.4% reduction from its current distribution, supply, and metering charges,” the company said in a statement.

Stock Picks, Target Prices and Buy/Hold/Sell Recommendations! (size 468x60)
Make SMART investment decisions! Be guided by top stockbrokers in the Philippines!

According to the petition, the 10.4% reduction amounts to PHP 1.39 per kWh from the current PHP 1.55 per kWh, which expires on June 2015.

Leave a comment

Posted by on June 16, 2015 in Corporate News, MER, Stock Market


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: