Manuel V. Pangilinan-led Manila Electric Company (Meralco) reported that the emergency power supply agreement (EPSA), which secures backup electricity for potential supply interruptions, is set to conclude in 2026. In a briefing, Jose Ronald Valles, Meralco senior vice president and head of...
Manila Electric Company (Meralco) reported a 22 percent increase in consolidated core net income (CCNI) for 2024. In a briefing on Monday, Feb. 24, Meralco said its CCNI rose to ₱45.1 billion from ₱37.11 billion in the previous year. According to Meralco, last year’s growth was driven by the...
From left, first row: Vice President and Chief Corporate Social Responsibility Officer, Jeffrey O. Tarayao; Senior Vice President and Chief Human Resources Officer, Edgardo V. Carasig; First Vice President and Head of Networks, Froilan J. Savet; Executive Vice President and Chief Operating Officer,...
ANIMAL WELFARE CHAMPIONS. Meralco Head of Advocacy Communications Management, Michelle Caguioa (right), accepted the prestigious Platinum Paw Award from PAWS Executive Director, Atty. Anna Cabrera (left), during PAWS’ Annual Thanksgiving Gathering where Meralco’s exceptional efforts in...
Manila Electric Co. (Meralco) customers can expect higher electricity bills this February as the power retailer announced a rate increase, driven primarily by higher generation charges. In a statement on Tuesday, Feb. 11, Meralco announced an increase of P0.2834 per kilowatt-hour (kWh) in the...
Voting 18-1-0 Senate on Tuesday, February 4, approved on third and final reading House Bill 10926 which gives the Manila Electric Company (Meralco) a fresh 25-year franchise. Senator Joel Villanueva, the bill's sponsor, expressed his sincere appreciation to the Senate leadership led by Senate...
Philreca Party-list Rep. Presley de Jesus (left), Santa Rosa City lone district Rep. Dan Fernandez (PPAB) The Energy Regulatory Commission's (ERC) past "failure" to carry out a timely rate reset--which had been detrimental to...
Three Philippine power giants—Manila Electric Company (Meralco), Aboitiz Power Corporation (AboitizPower), and San Miguel Global Power Holdings Corporation (SMGP)—have strengthened their alliance with the recent financial close of a $3.3 billion (approximately ₱192.9 billion) deal. In...
The Manila Electric Company (Meralco) said on Tuesday, Jan. 28, that it will file an application to refund a total of P19 billion to its customers over a period of three years, following an order from the Energy Regulatory Commission (ERC). In a statement, Meralco said the refund, which is...
MPower, the retail electricity arm of Manila Electric Company (Meralco), will provide 100 percent renewable energy (RE) to SM Retail, Inc.'s largest establishments in Pasay City, including its headquarters. The agreement, announced on Wednesday, January 22, allows SM Retail to source its...
Senator Joel Villanueva is looking to have at least a second reading approval of Meralco’s franchise renewal before the Senate takes a break on Feb. 8. "Hopefully, I'm looking at before the break, mapasa naman ito (we can pass this) at least on second reading," he said on Thursday, Feb. 16,...
Over 20 industry groups have expressed support for renewing Meralco’s franchise as the Senate deliberates on the proposed legislative measure. Senate Bill No. 2824 authored by Senator Joel Villanueva, seeks to grant Meralco a fresh 25-year authority to operate. In his sponsorship speech, the...
