We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.
The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ...
Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.
Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.
Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.
Senator Sherwin Gatchalian raised concerns over the Energy Regulatory Commission’s (ERC) decision to skip the fifth regulatory reset of Manila Electric Company’s (MERALCO) distribution rate, covering 2022-2026. He
Senator Sherwin Gatchalian raised concerns over the Energy Regulatory Commission’s (ERC) decision to skip the fifth regulatory reset of Manila Electric Company’s (MERALCO) distribution rate, covering 2022-2026.
He warned that this move could result in higher electricity bills for consumers.
“As consumers, we are expressing our opposition to the ERC’s decision to forego the fifth regulatory reset of Meralco’s distribution rate. The rate must go through the resetting process,” Gatchalian said in a statement.
He argued that the rate reset is essential to ensure fair pricing, as it adjusts distribution rates based on inflation, operational expenses, and the Weighted Average Cost of Capital (WACC), which for MERALCO has remained at 14.97% since 2015.
Gatchalian added that it would be unfair for consumers if MERALCO maintains a 14% WACC for the next four years. He also questioned the numerous delays in regulatory resets, pointing out that the procedure has not been completed on time since 2001.
In his role as vice-chair of the Senate Committee on Energy, Gatchalian called on the ERC to expedite its review of power sector rates and conduct a study to resolve the regulatory backlog.
