In a letter to the ERC, Infrawatch PH called for the immediate release of the long overdue decision on Meralco's fifth regulatory period (5RP) covering the years 2022 to 2026, which was reportedly ruled as a lapsed period.
Meralco's rate reset process is conducted through a performance-based regulation (PBR), an internationally accepted rate-setting methodology that requires the submission of revenue requirements for the next four years.
As such, Infrawatch PH convenor Terry Ridon said it is high time for the ERC to issue a formal order on the 5RP so Meralco can move forward with its 6RP set to commence in July 2026.
"This will not only ensure that the benefits promised under PBR are realized by customers but will also send the appropriate signals for investors to come in," Ridon said.
Esta historia es de la edición November 11, 2024 de The Philippine Star.
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Esta historia es de la edición November 11, 2024 de The Philippine Star.
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YOU THINK YOU'VE GOT PROBLEMS?
We've been presented a number of women's apartments on theater stages recently. In Request Sa Radyo, both Lea Salonga and Dolly de Leon wander through a tidily kept apartment in New York or New Jersey, cleaning things on the daily. And in Sandbox Collective's Tiny Beautiful Things, Iza Calzado dwells in a less-tidy home that matches her magulo state of mind while crafting responses to strangers who write in to her inherited advice column.
ALL OF BLUE
Color is the primary language of painting, the essential spirit of the medium. Minimalist artists have long considered this gospel truth: strip a painting to its core, and what remains is color. Yet, color is far from a mere visual phenomenon; it is a conduit for emotion and psychology, evoking ideas, memories, and profound feelings. Among the spectrum of hues, blue holds a particularly captivating allure—a color steeped in history, rarity, and meaning.
A DYNAMIC GROUP OF JOURNALISTS
It was my seventh straight year to serve as chair of the board of judges for the 17th Brightleaf Agriculture Journalism Awards.
When practicality meets playfulness in fashion
On Nov. 11, event curator (and good friend) Anna Amigo invited me to the press launch of Yoya, a clothing line that opened a new branch at Shangri-La Plaza Mall.
ENRIQUE GIL READY TO SHOW UNSEEN SIDES OF HIMSELF IN 'STRANGE FREQUENCIES'
ENRIQUE GIL, THE ACTOR, IS entering into a narrative world, where he also takes on the role of an amateur ghosthunter in \"Strange Frequencies: Taiwan Killer Hospital.\"
Gary V, Regine, Vice lend support to BINI
The \"Nation's Girl Group\" BINI is set to hold a repeat of the \"Grand BINIverse\" concert, which is slated on Feb. 15, 2025 at the Philippine Arena in Bulacan.
Sweden's continuing support for Phl
Andreas Carlson, Sweden's minister for infrastructure and housing, and Swedish banker and head of the Wallenberg Sphere Marcus Wallenberg, quietly flew into town last week to reaffirm Sweden's continuing support for the Philippines and to strengthen Sweden's commitment to long-term collaborations, focusing on sustainable development and digitalization.
Foundever® bags Great Place to Work in Phl certification
Foundever®, a global leader in the customer experience (CX) industry, has been officially certified as Great Place to Work® in the Philippines by a global authority on workplace culture, employee experience and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation.
Auto sales seen speeding past 500k
Philippine vehicle sales may hit a record-high of 500,000 units next year, driven by election-related spending and low interest rates, according to an industry official.
Institutional failure
Never been a fan of congressional investigations, but the current House investigations are making public things that would otherwise only be whispered about.
