I just received another bill from Meralco. Immediately, the joy from the festive season disappeared as I was reminded of the amount I have to pay Know more:
I just received another bill from Meralco. Immediately, the joy from the festive season disappeared as I was reminded of the amount I have to pay. It is not the amount to be paid that irritates me—it is the fact that it should be a few thousand pesos less.
Somehow, I wonder why consumers do not seem to care because very few raised the issues to the ERC. Even the media showed no concern at all for this plight of the consumers. Except for one entity, the expose fell on deaf ears. I wonder, is there really no story or, is the value of stories from distribution utility owners more valuable?
During the past 10 years, consumers have been paying more than they should. As a result, Meralco is able to unduly accumulate funds from consumers giving it a very big advantage. By accumulating the funds, it is like borrowing funds with no contract, no collateral, no interest, and no repayment period. Even if ERC eventually decides to order Meralco to implement a refund, this normally comes in the form of bill reduction over a period of 12 to 24 months.
Meralco is a listed company. Any effect of this overbilling and subsequent correction on the traded Meralco shares needs to be resolved and known to the investing public as soon as possible to avoid any untoward situation in the stock exchanges.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
James Yap return spoiled as Meralco zaps Rain or Shine to open Governors' CupJames Yap steals the show in the first half, but Meralco pulls away in the third quarter to deal Rain or Shine an 18-point beating. PBA
Read more »
Power outages still an election concern in Sulu —GarciaThe problem of power outages in remote provinces like Sulu is still an election concern, Commission on Elections (Comelec) Chairman George Garcia said Sunday.
Read more »
Flights affected as CAAP fixes power supplyThe CAAP said 28 departing flights and one arriving from Jakarta scheduled from 4:20 a.m. to 5:23 a.m. on January 22—accounting for some 3,500 passengers—were affected by the maintenance activity. READ:
Read more »
Maharlika fund billed as means of addressing power, food security - BusinessWorld OnlineSpeaker Ferdinand Martin G. Romualdez said on Sunday that the Maharlika Investment Fund (MIF) bill will help address rising electricity and fuel prices. READ:
Read more »
Bolts control boards, Painters in Governors’ Cup opening tiffKJ McDaniels showed the way with 27 points and a new career-high 23 rebounds for the Bolts, who will be looking forward to improve their 10th-place finish in the recent Commissioner’s Cup. READ:
Read more »
PBA Governors' Cup unfolds todayRAIN or Shine kicks off its title drive when it faces Meralco in the opening day of 2022-23 PBA Governors' Cup this Sunday at the Philsports Arena in Pasig City.Reinforced by...
Read more »