Company says adjusted distribution rates to be reflected in bills starting July
The Order translates a Maximum Average Price (MAP) of P1.6303 per kWh into new distribution, supply, and metering charges to the different customer classes. These will be reflected in the bills of Meralco customers starting July. The approved MAPs for RY2011 and RY2012 were P1.6464 and P1.6012 per kWh, respectively.
As prescribed in the ERC's rules for Performance-Based Regulation (PBR), the Commission conducts an annual review of the rates of all private distribution utilities' (DUs), including Meralco. Under PBR, DUs are required to undergo a verification of their rates, public hearings, and regulatory scrutiny that considers such factors as the utilities' performance against mandated technical and customer service standards.
The PBR is an internationally accepted rate-setting methodology. With PBR, consumers can expect a higher level of service, while allowing DUs to achieve a reasonable return and ensure efficient service and system upgrades.
- https://www.affordablecebu.com/
