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Bill Deposit. Learn more about your Bill Deposit. The Bill Deposit is an amount required from all customers of all distribution utilities as a guarantee for payment of electric bills, similar to a security deposit for a home. It is equivalent to the estimated electricity consumption or load schedule provided upon your application for electric ...
Sufficiency of the bill deposit is determined by comparing a customer's existing bill deposit, including accumulated interest, with the average monthly bills for the past twelve (12) months. If the bill deposit is greater than the average bill by more than 10%, the excess bill deposit will be refunded to the customer through his bill/s
The Bill Deposit is an amount required from customers of distribution utilities as a guarantee for payment of electric bills. This is updated annually and is equivalent to your average monthly bill for the past twelve (12) months and earns interest at a rate prescribed by ERC.
Access and pay for your bills with Meralco Online. Pay using credit, debit or prepaid cards powered by Mastercard, Visa, or JCB. Pay using GCash and Maya; other e-wallets (ShopeePay, Bayad, etc.) coming soon. Pay in advance or settle overdue bills direct to Meralco.
Your monthly electronic bills will be posted in your Meralco Online Account within a day after the meter reading date, unless the bill was subjected to further internal validation by Meralco. You will also be notified via email once your bill has been posted in your Meralco Online Account.
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The bill deposit amount corresponds to an estimated average 1-month bill, which is computed based on the electric load requirement submitted during service application. The following table summarizes the bill deposit amounts for residential and small commercial use:
