MERALCO’s Bill Deposit Update Program

I received 2 envelopes from MERALCO today. One was the bill and the other was a letter about the recently implemented Bill Deposit Update Program. It has something to do with a bill deposit that is required from their customers.

Apparently, when they computed, my bill deposit plus earned interest from my average monthly bill for the last 12 months is more than sufficient to cover my average monthly consumption. They therefore refunded the excess amount and formed part of my current month’s bill payment. Winner. Pero di ko masyadong gets actually hehehehe.

But I saw this in the footnote.

Pursuant to the Energy Regulatory Commision’s Magna Carta and Distribution Services and Open Access Rules (DSOAR), distribution utilities shall update annually the bill deposit of customers when the actual average monthly bills of their customers increased/decreased by more than ten percent (10%) of their existing bill deposit.

Ok, good to know.