ILOILO CITY – MORE Electric and Power Corp. (MORE Power), this city’s sole electricity distributor, has implemented another power rate increase, the second in three months. A MORE Electric and Power Corp. (MORE Power) line man at work in Iloilo City. (MORE Power) MORE Power announced on Friday,...
The decision of the Manila Electric Company (Meralco) to go against the grain and impose power rate cuts amid steadily rising pump fuel prices wasn't lost to former AGHAM Party-list Rep. Angelo Palmones. Meralco logo In a statement, Palmones hailed the power distribution giant for announcing a...
House Deputy Minority Leader and Bayan Muna Rep. Carlos Isagani Zarate urged Manila Electric Company (Meralco) to reconsider its decision to impose another power rate hike, the sixth this year, saying that it is ill-timed as Filipinos are still reeling from the devastating effects of the COVID-19...
Senator Risa Hontiveros on Tuesday, Sept. 14 called on the Energy Regulatory Commission (ERC) and power companies to suspend any planned electricity rate increases until the Senate Committee on Energy is done with its investigation into the rotational power outages last May and June. Hontiveros...
The Department of Energy (DOE) has lowered the price of power rate, secured enough supply of electricity, and provided additional power capacity for future needs under the administration of President Duterte. DOE Secretary Alfonso Cusi bared the agency's "accomplishments" in a pre-recorded Cabinet...
Senator Risa Hontiveros on Sunday, August 15 decried the audacity at which the National Grid Corporation of the Philippines (NGCP) warned of future increases in electricity rates if it continues to contract suppliers for larger power reserves. Hontiveros said she is wondering how the NGCP is bold...
Senator Risa Hontiveros on Tuesday, June 15 urged the Energy Regulatory Commission (ERC) to investigate Manila Electric Co.'s (Meralco) recent announcement of a power rate hike for June saying it “defies logic” even under the regime of deregulation. Hontiveros said the ERC must provide a...
Despite stifled demand because of the re-imposition of enhanced community quarantine (ECQ) in the so-called NCR plus bubble, prices in the Wholesale Electricity Spot Market (WESM) have been hitting record-spikes in recent trading days because of the combined impact of simultaneous power plant...
“Power rate reduction” tops the 2021 to-do list of the Department of Energy (DOE) to improve the attractiveness of the Philippines as an investment destination for manufacturers, who have been discouraged by the prohibitive power cost in the country. Energy Secretary Alfonso G. Cusi told...
