00:00The Energy Regulatory Commission allows Meralco to recover 8.7 billion pesos in previously uncollected pass-through costs over three
00:08years.
00:09The amount includes 595 million pesos in system loss charges.
00:13This despite President Ferdinand Marcos Jr.'s call during his State of the Nation address to remove the system loss charges
00:19from consumers' electricity bills.
00:21The ERC authorizes the collection of 7.3 billion pesos in generation costs, almost 616 million pesos in transmission costs,
00:30nearly 596 million pesos in system loss costs, and 228.88 million pesos in real property taxes.
00:38The four main under-recoveries will generally be collected over 36 months, beginning in the next billing cycle.
00:44Residential customers will pay a total adjustment of 0.0803 pesos per kilowatt-hour, equivalent to about 16 pesos for
00:52a household consuming 200 kilowatt-hours.
00:55The final amount may be higher or lower depending on the customer's location and other bill adjustments.
01:00The decision follows a separate ERC order requiring Meralco to refund 9.51 billion pesos in excess distribution rate collections
01:08over six months.
01:09Comparing the two orders leaves customers with an aggregate net refund of about 798 million pesos, but customers should not
01:17expect a single net refund entry.
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