Republic of the Philippines

ENERGY REGULATORY COMMISSION

A world class and independent electric power industry regulator that equitably promotes and protects the interests of consumers and other stakeholders, to enable the delivery of long-term benefits that contribute to sustained economic growth and an improved quality of life.


ERC Engages Consultant to Audit MERALCO Refunds

The Energy Regulatory Commission (ERC) resolved to engage the services of an independent party to verify whether the Manila Electric Company’s (MERALCO) reported refunds have been fully accounted for, returned or credited to its customers’ accounts.  The ERC ordered MERALCO in previous years to refund the Bill Deposit, Meter Deposit, and Income Tax that it collected from its customers.  

“Our Bids and Awards Committee (BAC) has already completed its bidding process and has awarded the contract for the “Procurement of Consulting Services for the Audit and Verification of the MERALCO Refunds” to the bidder that submitted the Highest Rated and Responsive Bid and which has also complied with all the legal, technical, and financial requirements for the said procurement project,” ERC Chairperson and CEO Agnes VST Devanadera averred.
 
The ERC deemed it prudent to engage the services of a Consultant, who has the technical expertise and capability to conduct an independent audit and verification of all the refunds of MERALCO, considering the limitations of its existing organizational structure and manpower complement vis-à-vis its expanded mandates in regulating and transforming the electric power industry.  Thus, the Commission approved the recommendation of its BAC to award the contract for the said MERALCO refund audit to Roxas Cruz Tagle and Co, which was found to have submitted the Highest Rated and Responsive Bid.  

“The Commission is of the view that regulation must be borne by the government so we have allocated a budget for the engagement of an independent Consultant that will conduct the audit and verification of MERALCO’s refunds.  The impending audit of MERALCO refunds will ensure that what was due to consumers has been actually returned or credited to their accounts and truly benefited them,” Chair Devanadera added.

 


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