Senator Sherwin Gatchalian flagged a decision made by the Energy Regulatory Commission (ERC) to forgo the fifth regulatory reset of Meralco’s distribution
Senator Sherwin Gatchalian flagged a decision made by the Energy Regulatory Commission to forgo the fifth regulatory reset of Meralco’s distribution rate, covering the period 2022-2026, warning that the move could lead to higher electricity bills for consumers.
A rate reset is a periodic process conducted by the ERC to review and adjust distribution rates charged by utilities like Meralco. It ensures rates reflect the actual costs of delivering electricity, considering factors such as inflation, operational expenses, and the Weighted Average Cost of Capital . Meralco’s current WACC is 14.97%, and it has not been updated since 2015.
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