The Energy Regulatory Commission imposed a P19-million fine on the Manila Electric Company over theIn a statement on Thursday, August 27, the ERC said Meralco violated the commission's directives as it failed to indicate that the bills were estimated and it also did not comply with the mandated installment payment scheme.
The ERC estimated that the discount would be 22.4% of the total retail rate, amounting to an overall discount of around P200 million for 2 million households. The commission said the basic penalty of P100,000 was multiplied by the number of days since the issuance of each advisory up to the latest billing statement on July 9, bringing the total to P19 million or 190 days of violation.
It is plain common sense ERC that they will pass this amount to consumers in a way you will not know. Or are you expecting for a bargain? Hmmmm....