Power utility giant Manila Electric Company (Meralco) will be seeking offers from power generation companies (GenCos) on its scheduled auction of 1,200-megawatt baseload power supply that will replace brownfield capacities currently drawn mainly from emergency power supply procurements. In a tender...
The 7.8 million customers of Manila Electric Company (Meralco) will need to cough up higher budget in their electric bills this month, as the company’s overall pass-on tariff went up by P0.2347 per kilowatt hour (kWh) to P12.0545 per kWh from P11.8198 per kWh in the October billing cycle. For...
The Energy Regulatory Commission (ERC) has prescribed a two-tiered review process before the power supply agreements (PSAs) or contracts underwritten via competitive selection process (CSP) could secure regulatory approval. That has been the main stipulation in the new CSP guidelines that was...
The renewable energy-based capacity contracting of Manila Electric Company (Meralco) which now hovers at 1,800 megawatts had so far exceeded its initial target of 1,500 megawatts. Its ramped up capacity of clean energy procurements, according to Meralco Vice President and Chief Sustainability...
The Philippines and Saudi Arabia signed an investment agreement worth more than $4.26 billion during President Marcos' visit to the Gulf country. President Ferdinand 'Bongbong' Marcos Jr. meets with Saudi Arabian business leaders in Riyadh on Oct. 19, 2023. (Photo courtesy of Malacañang) The...
The Energy Regulatory Commission (ERC) will be pursuing a ‘comprehensive study’ to assess the impact as well as technical intricacies in the power system if the threshold for retail competition in the restructured electricity sector will be brought down to 100 kilowatts (kW) from currently at...
The Energy Regulatory Commission (ERC) has approved the withdrawal of application for the power supply agreements (PSA) that had been jointly agreed to be terminated by parties-in-interest Manila Electric Company (Meralco) and the subsidiary-companies of SMC Global Power Holdings Corp (SMGP) of the...
Via its continuing caravan, the Energy Regulatory Commission (ERC) has already started scrutiny of the power supply agreements (PSAs) underwritten by servicing power utilities in the off-grid domains or those that are not physically connected to the main grid. The examination of the power supply...
Budgets for electricity bill payments will come heavier on the pockets of Manila Electric Company (Meralco) customers as its overall tariff had escalated by P0.4201 per kilowatt hour (kWh) in its October billing cycle to P11.8198 per kWh vis-à-vis P11.3997 per kWh last month. For its subscribers...
More than 7.0 million customers of Manila Electric Company (Meralco) will experience squeeze in their household budgets as the electricity tariff of the power utility will rise by P0.5006 per kilowatt hour (kWh) in its September billing cycle. The rate hike will drive up Meralco’s overall...
The Energy Regulatory Commission (ERC) issued advisory to relevant industry stakeholders that it will be holding new round of public consultations on the guidelines underpinning the competitive selection process (CSP) policy being enforced on the distribution utilities (DUs) and electric...
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...
