Republic of the Philippines

ENERGY REGULATORY COMMISSION

A world class and independent electric power industry regulator that equitably promotes and protects the interests of consumers and other stakeholders, to enable the delivery of long-term benefits that contribute to sustained economic growth and an improved quality of life.


ERC Orders MERALCO to Use Unclaimed Tax Refund To Reduce Rates

The Energy Regulatory Commission (ERC), in an Order released on 4 February 2019, directed the Manila Electric Company (MERALCO) to submit a proposed scheme that incorporates the unclaimed tax refund for purposes of reducing the distribution rates of its customers, among others.  ERC also authorized MERALCO to continue with the implementation of the Supreme Court’s directive on income tax refund to eligible customers under Phases I to IV until 30 June 2019.  In connection therewith, MERALCO was directed to submit within ten (10) days from receipt of the subject Order an updated report on the gross and net amount of refund effected as of 31 December 2018.  

“It is incumbent upon MERALCO to inform its customers immediately upon receipt of the ERC Order through the publication in a newspaper of general circulation, for four (4) consecutive weeks, of a notice to all consumers to claim their refund,” ERC Chairperson and CEO Agnes VST Devanadera stated.  

MERALCO was also enjoined to deposit in a separate interest-bearing bank account the unclaimed amounts of the income tax refund, for transparency and easy monitoring purposes.  Furthermore, MERALCO was required to submit the detailed list of customers who have not yet claimed their refund within thirty (30) days from receipt of the ERC Order.  MERALCO was also instructed to post in all its business offices the notice and the list of names of customers who have not claimed the tax refund for their information and reference.

“We are now in a new regulatory regime where consumer benefit is given primal consideration.  This new set of ERC Commission will see to it that consumers do not only get billed with just and reasonable rates but we will also ensure that they get the best value for their hard-earned money.  We enjoin the Distribution Utilities (DUs) to devise ways and means that will reduce their electricity rates with the advent of the passage of the “Murang Kuryente” legislation,” ERC Chair Devanadera concluded.

 

Today at ERC
Thursday, May 23, 2019

Hearing Schedules
Time:
09:00
Case No.:
2018-093 RC [JU] [EX] [PT] [EV]
Applicant:
CEBECO I
Venue:
CEBECO I's Principal Office, Bito-on, Dumanjug, Cebu
Title:
In the Matter of the Application for the Approval of the Proposed Three (3) Year Capital Expenditure Projects for the Years 2019 - 2021 with Application for Authority to Secure Loan from the National Electrification Administration (NEA) and/or Private Financial Institution
Time:
09:00
Case No.:
2019-006 CF [JU] [EX] [PT] [EV]
Applicant:
MORESCO I
Venue:
ERC Hearing Room (15th floor)
Title:
In the Matter of the Application for the Approval of the Over/Under Recoveries Based on the Formula for Various Automatic Cost Adjustments and True Up Mechanisms and Corresponding Confirmation Process Pursuant to ERC Resolution No. 16, Series of 2009 and Resolution No. 06, Series of 2013
Time:
10:00
Case No.:
2019-001 DR [JU] [EX] [PT] [EV]
Applicant:
CPGI
Venue:
FICELCO’s Principal Office, Marinawa, Bato, Catanduanes
Title:
In the Matter of the Petition for Full Recovery for Approved Costs in ERC Case No. 2011-030 RC Through Re-Computation of Approved Rate
Time:
14:00
Case No.:
2019-020 CF [JU] [EX] [PT] [EV]
Applicant:
MOELCI II
Venue:
ERC Hearing Room (15th floor)
Title:
In the Matter of the Application for Confirmation and Approval of Calculations of Over or Under Recoveries in the Implementation of Automatic Cost Adjustments and True Up Mechanisms for the Period 2016 to 2018, Pursuant to ERC Resolution No. 16, Series of 2009 as Amended by Resolution No. 21, Series of 2010, and ERC Resolution No. 23, Series of 2010

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