An increase of P0.0846 per kilowatt hour (kWh) in the January billing cycle of Manila Electric Company (Meralco) will bring slight squeeze in the pockets of its roughly 8.0 million customers in the initial month of this year. The power utility firm announced that its tariff will climb to P11.3430...
Tycoon Manuel V. Pangilinan has taken over the helm of SP New Energy Corporation (SPNEC) after Manila Electric Company (Meralco), through MGen Renewable Energy (MGreen), completed its acquisition of a controlling stake in the solar energy firm for P15.9 billion. In a disclosure to the Philippine...
(Unsplash) A House deputy minority leader is wondering why the Manila Electric Company (Meralco)--with its sheer size and economies of scale--can't offer low power rates the way small electric cooperatives can. “The economies of scale normally lead...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) Did the Manila Electric Company (Meralco) violate its congressional franchise when it comes to the required annual submission of it operation reports? A vice chairman of the House Committee...
Cagayan de Oro 2nd district Rep. Rufus Rodriguez (Facebook) Are there "vested interests" at play in the call to divide into three the franchise of power distribution giant Manila Electric Company (Meralco)? Cagayan de Oro 2nd district Rep....
(Unsplash) Senator Sherwin Gatchalian is prodding the Energy Regulatory Commission (ERC) to expedite the reset of the power distribution rate for Manila Electric Co. (Meralco). Gatchalian's call followed remarks by former ERC Chairperson Agnes Devanadera at a...
Santa Rosa lone district Rep. Dan Fernandez (Facebook) Santa Rosa lone district Rep. Dan Fernandez has asked power distribution giant Manila Electric Company (Meralco) to refund some P200 billion in supposed overcharges to its 7.7 million customers amid...
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...
Power utility giant Manila Electric Company (Meralco) is preparing to deploy at least 300 generator sets (gensets) to avert blackouts or power interruption scenarios that could mar the conduct of the Barangay and Sangguniang Kabataan Elections (BSKE) by the end of this month. On top of that,...
MGen Renewable Energy Inc. (MGreen), the renewable energy investment arm of Manila Electric Company (Meralco) ,will be queueing up to P200 billion worth of investments for the gigantic 3,500-megawatt solar farm development that shall be integrated with 4,000-megawatt hours (MWh) of energy storage...
Buoyed by the strong financial showing of its power generation business portfolio, the consolidated core net income of power utility giant Manila Electric Company (Meralco) had surged 53-percent to P30.023 billion in this year’s nine-month period versus P19.605 billion within a comparative period...
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...
