Manila Electric Co. (Meralco), the country’s largest power distributor, expects a potential increase in electricity rates this month despite marginal decline in prices in September. Joe Zaldarriaga, Meralco Vice President and Head of Corporate Communications, said the projected increase was due...
The Department of Energy (DOE) has cleared Manila Electric Co. (Meralco) to bid out a 200-megawatt (MW) renewable energy (RE) supply contract as way to expand its clean energy portfolio. The DOE approved the competitive selection process (CSP) for the 200 MW, which allows Meralco to invite power...
Lopez-led First Gen Corp. (FGen) is continuing negotiations to extend its power supply agreement (PSA) with Manila Electric Co. (Meralco) following the Energy Regulatory Commission’s (ERC) decision to allow continued supply from the Sta. Rita gas-fired power plant. Francis Giles Puno, FGen...
Meralco PowerGen Corp. (MGen) is exploring real estate investment trust (REIT) options to unlock more value from its renewable energy projects. MGen President and Chief Executive Officer Emmanuel Rubio said in an interview that a REIT—which allows companies to generate steady income from real...
Meralco 's power generation arm, Meralco PowerGen Corp. (MGen), is looking to expand into Malaysia, citing the country’s rising demand for power, particularly from the growing data center industry. MGen President and Chief Executive Officer Emmanuel Rubio stated in a media roundtable that...
The power generation arm of Manila Electric Co. (Meralco) has secured two engineering, procurement, and construction (EPC) deals to advance a new battery energy storage system (BESS) project in Toledo, Cebu. In a statement on Thursday, Meralco PowerGen Corp. (MGen) announced it has signed an EPC...
The Philippines’ largest business group is calling for a transparent and collaborative process in reviewing the claim filed by a unit of San Miguel Corp. against the country’s main power distributor. In a statement on Wednesday, Sept. 10, the Philippine Chamber of Commerce and Industry (PCCI)...
Filipino households can breathe a sigh of relief as Manila Electric Co. (Meralco) announced a reduction in electricity bills, providing a much-needed break from the consecutive price hikes of recent months.
In a briefing on Wednesday, Sept. 10, Joe Zaldarriaga, Meralco Vice President and Head of...
The Manila Electric Co. (Meralco) announced it is expecting a decrease in the generation charge for September, a key development that could temper the rising cost of electricity for millions of households. Joe Zaldarriaga, Vice President and Head of Corporate Communications, explained that the...
Manuel V. Pangilinan-led Maynilad Water Services, Inc. has partnered with the Manila Electric Co. (Meralco) to integrate the Retail Aggregation Program (RAP) into its water and wastewater facilities in Metro Manila. In a statement on Monday, Sept. 8, Maynilad announced that its water treatment...
San Miguel Corp. has increased its holding in Manila Electric Co. (Meralco) after completing another purchase related to a long-stalled share acquisition agreement. In a regulatory filing on Tuesday, Aug. 26, San Miguel Global Power Holdings Corp. (SMGP) announced that it purchased 1.03 million...
Power distributor Manila Electric Co. (Meralco) has assured residents it is prepared to respond to power-related concerns as tropical depression “Isang” approaches. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) reported that as of 2 p.m. Friday, Aug....
