00:00The Energy Regulatory Commission approved Meralco's decision to return the more than Php 17 billion they borrowed from Corriante.
00:11Because of that, residential customers will be able to receive a 19 cent per kilowatt-hour refund within three years.
00:18According to Meralco, this includes the difference between the actual weighted average tariff of the company
00:24and the approved rate of Php 1.36 per kilowatt-hour from July 2022 to December 2024.
00:32Meralco is the one who issued the refund this January.
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