SC ruling to hike Meralco rates by over P4/kWh.
The recent ruling of the Supreme Court upholding the pass-on of suspended charges during the 2013 shutdown of the Malampaya gas production facility, that aggravated simultaneous shutdowns of power plants, will trigger a rate hike of at least P4.15 per kilowatt hour in electric bills once allowed by the Energy Regulatory Commission.
The high court has delegated to the ERC the authority to set the terms on how the deferred charges will eventually be passed on in the electric bills of Meralco customers. According to the utility firm, it cannot give definitive statement yet if that will be passed on eventually as rate hike in the bill of consumers, with their executives emphasizing that they will have to wait for directive yet from the ERC.
The pass-on of the calculated cost recoveries within November-December 2013 was first stopped in February 2014 – and that was on the strength of a temporary restraining order issued by the high court.
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