Manila Electric Company (MER) will abide by the decision of the Court of Appeals (CA), affirming the earlier ruling of the Energy Regulatory Commission (ERC), to refund PHP 5 billion transmission line loss charges to customers.
CA ordered MER to implement the refund, to be collected from the Power Sector Assets & Liabilities (PSALM), which manages finances & operations of Napocor.
The refund stemmed from double charging of line loss rentals from the simultaneous implementation of a Napocor-MER transition supply contract (TSC) & Wholesale Electricity Spot Market (WESM) price mechanism, both ERC-approved
No comments:
Post a Comment