The Energy Regulatory Commission (ERC) has denied the P0.30 per kilowatt hour (kWh) rate hike that had been jointly applied for by the Manila Electric Company (Meralco) and SMC Global Power Holdings (SMCGP) of the San Miguel group. In a ruling issued by the power industry regulator on Monday, Oct....
The Energy Regulatory Commission (ERC) will prudently examine the implication of the P0.30 per kilowatt-hour (kWh) rate hike plea of SMC Global Power Holdings Corporation (SMCGP) to the similarly-situated power supply agreements (PSAs) underwritten by the other power utilities. The bid of San...
SMC Global Power Holdings Corporation (SMCGP), the energy investment arm of San Miguel Corporation (SMC), has formally lodged ‘notice of termination’ for two of its prevailing power supply agreements (PSAs) with Manila Electric Company (Meralco). This move is SMCGP's ultimate recourse if the...
The falling value of the Philippine peso versus the US dollar is seen driving up the electric bills of Manila Electric Company (Meralco) customers in their July billing. Meralco Vice President Lawrence S. Fernandez noted that the fluctuation in the foreign exchange (forex) rate could adversely...
Customers of Manila Electric Company (Meralco) will need to allot higher budgets for their electric bills this month, as the utility firm raised its overall tariff by P0.3982 per kilowatt hour (kWh) to P10.4612 per kWh from the May level of P10.0630 per kWh. For household consumers in the...
Filipino consumers will need to tighten their belts further, as the next burden in their budgets could be uptick in electric bills, primarily those under the Meralco franchise area. Based on initial estimates, Meralco Vice President Joe Zaldarriaga indicated that the generation charge component of...
Residential customers of Manila Electric Company (Meralco) will have to bear higher electric bills this month as the utility firm’s tariff had gone up by P0.5363 per kilowatt hour (kWh) or aggregate P107.26 for those in the 200-kilowatt consumption threshold. According to the power company, the...
The Energy Regulatory Commission (ERC) is scheduling two days of public hearings on April 26 and 28 for the applied increase in the distribution charge of power utility giant Manila Electric Company (Meralco), and that is a key component of the overall tariff it has been passing on in the...
With rising fuel prices in the world market, customers of Manila Electric Company (Meralco) are being apprised this early to expect uptick in their electric bills this month. The utility firm primarily indicated that “the impact of the higher international coal prices and peso depreciation is...
As weather temperatures rise, so as the electric bills of consumers with power utility giant Manila Electric Company (Meralco) announcing P0.0625 per kilowatt hour (kWh) increase on its March billing cycle to P9.6467 per kWh from the previous month’s P9.5842 per kWh. For residential end-users in...
Rate hike in March Meralco billing seen By MYRNA M. VELASCO Apart from financial pain at petroleum pumps, the customers of Manila Electric Company (Meralco) will need to expect further squeeze on their household budgets as their electric bills are also anticipated to rise this month. According to...
There will be paramount reason for Filipino consumers to strive saving on their electricity usage during the Christmas holidays, as power utility giant Manila Electric Company (Meralco) announced that its rates will rise by P0.3143 per kilowatt hour (kWh) in the December billing. The power firm...
