Page 20 - Agnes Devanadera News Today : Breaking News, Live Updates & Top Stories | Vimarsana

3rd party to review Meralco refunds Danessa Rivera © STAR/File 3rd party to review Meralco refunds MANILA, Philippines — The Energy Regulatory Commission (ERC) has tapped a third party to conduct a review on the refunds to be made by Manila Electric Co. (Meralco) to its customers. Roxas Cruz Tagle and Co. was awarded the contract for the Meralco audit after having submitted the highest rated and responsive bid. It is a Philippine member firm of BDO International Ltd., the fifth largest professional network of public accounting, tax and advisory firms worldwide. “Our bid...

SunStar SunStar File + January 08, 2021 THE Energy Regulatory Commission (ERC) has ordered the Visayan Electric Company to submit an explanation over its alleged high power rates. In a letter dated Jan. 4, 2021, ERC chairperson and chief executive officer Agnes Devanadera directed the Visayan Electric to submit an explanation regarding the high electricity rates charged by it and its perceived violation of Section 45 (b) of Republic Act 9136 of the Electric Power Industry Reform Act (Epira). Section 23 of the Epira mandates that distribution utilities, Visayan Electric included, ...

ERC orders Meralco to refund P1.4 billion in excess collections Dec 29, 2020 9:58 PM PHT The Energy Regulatory Commission (ERC) ordered the Manila Electric Company (Meralco) to return to consumers a total of P1.4 billion in over collections from 2017 to 2019. The ERC on Tuesday, December 29, said the over collections were found in the pass-though costs: transmission, system loss, lifeline subsidy, and senior citizen discount rates. The ERC ordered Meralco to return the excess collections at an average rate of P0.1331 per kilowatt-hour (kWh), for a period of 3 months, until fully refunded. Ho...

December 18, 2020 | 6:03 pm Font Size Agnes VST Devanadera, chairperson and chief executive officer, Energy Regulatory Commission — BW File Photo THE Energy Regulatory Commission (ERC) has set new regulations for the allowable planned and unplanned outages of coal, gas, diesel, renewables, oil-fired thermal and combined cycle power plants, it said on Friday. In a statement, the ERC said these “stringent rules” are meant to ensure the reliability, security and affordability of electric power supply while promoting accountability among generation firms, system operators (SOs), ...