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Meralco's 5RP begins in July - ERC
The Philippine Star
|December 30, 2024
The Energy Regulatory Commission (ERC) has moved the start of Manila Electric Co. (Meralco)'s fifth regulatory period (5RP) to July 2025, delaying it by six months from the earlier approved date.
The ERC has resolved to approve and adopt the rules amending the modified rules for setting distribution wheeling rates covering the reset process of private distribution utilities (DUs), starting with Meralco's 5RP.
As a result, the power utility giant's 5RP has been adjusted to July 2025-June 2029 from the previously approved January 2025-December 2028.
The rate reset process sets the rules and parameters for the investment, operations and pricing mechanisms of highly regulated entities like Meralco for a four-year period to determine how much should be charged to consumers.
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