Mandatory Rate Reduction

From January to March 2010, NPC granted a total of PhP358.1 million for the Mandatory Rate Reduction (MRR), in which the Luzon residential customers accounted for 27 percent. Residential customers of the Manila Electric Company (Meralco) account for 20 percent. From 2001 to March 2010, NPC has already spent a total cost PhP25.65 billion for the grant of MRR.