ERC orders P9.5-B refund to Meralco customers

MANILA, Philippines — More than 8 million consumers of Manila Electric Co. (Meralco) are poised to benefit from a slight reduction in electricity costs with the rollout of a P9.5-billion refund. In its decision dated July 31, the Energy Regulatory Commission (ERC) ordered the company to refund the equivalent rate of P0.3448 per kilowatt-hour (kWh)