Government-run National Electrification Administration (NEA) reported that it extended P934.56-million worth of loans to at least 24 electric cooperatives (EC) as of end-October this year. The electrification agency emphasized that the released loans to ECs had been anchored on its Enhanced Lending...
(Unsplash) A former congressman, Infrawatch Convenor Terry Ridon, is calling on lawmakers in the country to help explain to Filipinos the true reason why local power rates are costly. This came in the wake of a proposal in the House of Representatives to split the...
Power utility giant Manila Electric Company (Meralco) has initially cornered prospective offers of 3,310 megawatts from six (6) interested bidders on its scheduled competitive selection process (CSP) for capacity procurement of 1,800MW that will satiate its additional supply portfolio for 2024 and...
The Manila Electric Co. (Meralco) said that the power prices in the country coincide with the real electricity costs, and that their rates are fair and reasonable to its service quality. Meralco issued the statement to clarify the recent statements made by ACT-Teachers Representative France Castro,...
CHORDS Emmanuel V. Rubio, Aboitiz Power Corp. President and CEO. BY EMMANUEL V. RUBIO, ABOITIZ POWER CORP. PRESIDENT AND CEO We recently launched our Electric Vehicle (EV) Fleet Transformation Program, which aims for a 40% EV share of our distribution utilities fleets by 2030, enroute to full...
The proposed splitting of the Manila Electric Company's (Meralco) supposedly expansive franchise is in order, according to Laguna 1st district Rep. Ann Matibag and ACT Teachers Party-list Rep. France Castro. Santa Rosa lone district Rep. Dan...
Chinese auto brand, BYD, may be new to our market, and is still quite some ways away from breaking into the top 10 brands, but that’s not to say it doesn’t plan on dominating in the near future. Long a leader in electric vehicles in China, BYD has only begun to give Filipinos a taste of how far...
Davao City 1st district Rep. Paolo Duterte A group of congressmen are pursuing the regulation of the operation of personal mobility scooters, e-motorcycles, and other electric motor vehicles. For this purpose, Davao City 1st district Rep. Paolo Duterte,...
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...
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,...
The industrial sector has started showing signs of prospective rebound as the drop on energy sales had already narrowed down to 1.0%, power utility giant Manila Electric Company (Meralco) has noted. Sales to manufacturing facilities and key industries, the power firm said, hovered at 10,570...
