ERC supports Meralco plan to reduce cost of generating power

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BusinessWorld Online

THE Energy Regulatory Commission (ERC) said it supports Manila Electric Co.’s (Meralco) proposal to mitigate the expected surge in generation charges for the May billing period. In a statement late Monday, the ERC said Meralco had initially projected generation charge to increase by around P1.0277 per kilowatt-hour (kWh). Lawrence S. Fernandez, vice-president and head of []