Senator Erwin Tulfo on Thursday pushed back against Meralco 's argument that eliminating non-technical system loss charges could lead to higher operating costs that may eventually be reflected in electricity rates, saying distribution utilities should absorb ordinary business losses instead of...
Malacañang said it is open to hearing all stakeholders as the government studies the proposed removal of the systems loss charge from consumers ' electricity bills, following President Marcos ' call to amend the Electric Power Industry Reform Act (EPIRA). Presidential Communications...
Manila Electric Co. (Meralco) customers are set to save nearly ₱5 billion through the end of the year after the country’s largest power distributor secured lower rates under an extended supply contract with the First Gas Sta. Rita plant. Jose Ronald Valles, Meralco head of regulatory affairs,...
A pair of marquee duels between teams jockeying for better positions in Group B standings are in store for PBA fans in the Season 50 Governors’ Cup at the Mall of Asia Arena on Friday, July 31. The exciting twinbill opens up with the intriguing collision between Rain or Shine and Magnolia in the...
Manila Electric Co. (Meralco) Chairman Manuel V. Pangilinan cautioned that removing system loss charges from electricity bills would place an unsustainable financial burden on the power industry, emphasizing that technical line losses are an unavoidable reality of power distribution. While the...
Manila Electric Co. (Meralco) reported a 3.8 percent increase in first-half core net income, boosted by expanding power generation assets and retail market growth despite the slight dip in distribution volumes. Meralco Senior Vice President and Chief Finance Officer Betty Siy-Yap reported that the...
Amid mounting concerns over high electricity bills, the country’s power sector is reviewing system loss charges after President Ferdinand R. Marcos Jr. called for measures to reduce electricity costs during his penultimate State of the Nation Address (SONA). Manila Electric Co. (Meralco), the...
Magnolia banked on its pesky defense down the stretch and pulled away against Meralco, 112-98, to notch its first win in the PBA Season 50 Governors’ Cup at the Smart Araneta Coliseum on Friday, July 24. The Hotshots tightened up their defensive screws in the last five minutes, forcing the Bolts...
Bagong Henerasyon (BH) Party-list is demanding an immediate House investigation into the methodologies and processes used by the Manila Electric Company (Meralco) in setting electricity rates, including pass-through charges that have burdened consumers. BH Party-list Rep. Robert Nazal said the...
Manila Electric Co. (Meralco) is continuing to procure power beyond its original agreement with First Gas Power Corp. following the Department of Energy (DOE) directive aimed at maintaining grid stability in Luzon. Ronald Valles, Meralco senior vice president and head of regulatory management, said...
Manuel V. Pangilinan-led Manila Electric Co. (Meralco) is weighing options to expand its footprint nationwide, with Albay emerging as the latest province seeking the power giant’s intervention to improve its electricity supply. In an interview, Arnel Casanova, Meralco senior vice president and...
Chris Newsome scored the game-winning layup with 3.9 seconds left as Meralco averted a huge a collapse and slipped past Blackwater, 116-114, to pick up its second win in the PBA Season 50 Governors’ Cup at the Ynares Center in Antipolo on Tuesday, July 21. The Bolts squandered a huge 18-point...
