House Speaker Martin Romualdez (Speaker’s office) A game changer for the Philippines' energy landscape. That's how House Speaker Martin Romualdez described the twin nuclear agreements sealed during President Marcos' ongoing visit to the United...
SP New Energy Corporation (SPNEC) is planning a follow-on offering to raise additional capital as well as to increase its public float specially after this will be further reduced once MGen Renewable Energy Inc. (MGreen) comes in as its new controlling shareholder. In a disclosure to the Philippine...
After terminating its 330-megawatt fixed priced power supply agreement (PSA) due to the recently rendered verdict of the Court of Appeals, a subsidiary of SMC Global Power Holdings Corp. has offered a replacement power supply deal to power utility giant Manila Electric Company (Meralco). Meralco...
San Miguel Global Power Holdings (SMGP), the electricity generating subsidiary of conglomerate San Miguel Corporation (SMC), has bewailed the higher electricity rates that consumers are now paying after the Energy Regulatory Commission (ERC) denied its tariff adjustment application last year. “It...
More than seven million customers of power utility giant Manila Electric Company (Meralco) will feel relief in their pockets this month, as the tariffs pass-on of the company is highly anticipated to go down in the July billing cycle. According to Meralco Vice President and Head of Corporate...
A tripartite collaborative approach has been reached by the Energy Regulatory Commission (ERC), power utility giant Manila Electric Company (Meralco) and the city government of Pasig to promote the use of renewable energy (RE) in the host-locality. In a statement to the media, the ERC said that an...
Following a Supreme Court ruling affirming the rights of electricity consumers on unwarranted service disconnections, the Energy Regulatory Commission (ERC) stipulated that it will pay attention to the tenets of that verdict on its planned review of the Magna Carta for Residential Electricity...
AGRI Party-list Rep. Wilbert T. Lee (Rep. Lee's office) AGRI Party-list Rep. Wilbert T. Lee has a proposed a way for the Manila International Airport Authority (MIAA) to save up to P16 million in electricity fees from the operations of the Ninoy Aquino International Airport (NAIA) Terminal 3....
On top of the double whammy of rotational brownouts and scorching heat, consumers of Manila Electric Company (Meralco) will be distressed with additional financial burden as its rates will go up by P0.1761 per kilowatt hour (kWh) in this May billing. For roughly 70-percent of the utility firm’s...
The Energy Regulatory Commission (ERC) has been discussing with the Independent Electricity Market Operator of the Philippines (IEMOP) the proposed measures for the pass-on of P22.64 billion worth of deferred charges which accumulated in 2013 following strained supply in the Luzon grid due to...
Customers of Manila Electric Company (Meralco) can temporarily heave a sigh of relief because their electric bills this month will have a reduction of P0.1180 per kilowatt hour (kWh). As announced by Meralco, the rate decline resulted in an all-inclusive tariff of P11.3168 per kWh to be reflected...
Power utility giant Manila Electric Company (Meralco) has secured additional 56 megawatt capacity commitments from Ayala Property Management Corporation (APMC), which will be utilizing its own generating assets for its power needs when necessary. In a statement to the media, Meralco said it has...
