Energy Regulatory Commission orders meter deposits to be refunded


Manila, Philippines — (METERING.COM) — August 21, 2008 – The Energy Regulatory Commission of the Philippines instructed private distribution companies and state-owned electric co-ops in June 2008 to refund any meter deposits that had been collected from customers before the ERC put a stop to the practice in 2004.

The Manila Electric Co. (Meralco), the largest electricity distributor in the Philippines, has said it will begin the refund process early in the new year. These deposits had been collected since the mid 1980s. The ERC has stipulated that customers must be able to choose between having their deposits returned in cash, having the amount credited to future electricity bills, or using it as an offset against any other claims Meralco may have. Interest will be paid at varying amounts up to a maximum of 10 percent, depending on when the deposit was levied.