ILOILO CITY – Power rates in this city have dropped for the seventh straight month. MORE Electric and Power Corp. (MORE Power) announced a decrease of P0.2410 per kilowatt-hour (kWh) for billings this month to P11.4173/kWh from P11.6583 per kWh in June. “This achievement is a testament to the...
Cooler temperatures have been significantly driving down prices in the Wholesale Electricity Spot Market (WESM). WESM operator Independent Electricity Market Operator of the Philippines (IEMOP) primarily indicated that there was a “notable decline in electricity spot prices in the Luzon and...
Senator Risa Hontiveros on Tuesday, July 11 said the power rate reduction that the Manila Electric Co. (Meralco) announced for the month of July is only minimal and temporary. The senator pointed out the decrease in electricity charges is bound to happen considering that the price of imported coal...
More than seven million customers of power utility giant Manila Electric Company (Meralco) will feel relief in their pockets this month, as the tariffs pass-on of the company is highly anticipated to go down in the July billing cycle. According to Meralco Vice President and Head of Corporate...
Big power consumers, such as commercial and industrial facilities and distribution companies, can experience lower charges from the National Grid Corporation of the Philippines by efficiently adjusting their energy usage away from the peak demand period in a given day. Technically termed as...
ILOILO CITY – MORE Electric and Power Corp., this city’s sole power distributor, expects electricity rates to drop further this year. “For six straight months, we have dropped our rates. This will continue to drop,” said Niel Parcon, MORE Power vice president for corporate planning and...
Senator Manuel “Lito” Lapid has called for the passage of a bill seeking to further provide discounts to senior citizens, by giving them the five percent discount on water and electricity bills. Lapid, in filing Senate Bill No. 2169, also proposed that senior citizens be exempted from the 12...
(Unsplash) A Mindanao lawmaker wants to institutionalize refunds or adjustments in the monthly billing of consumers for unannounced and unscheduled interruptions not caused by natural calamities. For this purpose, Davao Oriental 2nd district Rep. Cheeno Almario filed House Bill (HB) No.8191. "We...
Senators are now seeking a refund of all the charges collected by the National Grid Corporation of the Philippines (NGCP) for its uncompleted transmission projects. Sen. Sherwin Gatchalian made the suggestion noting that the government has been looking for ways to lower the prices of electricity in...
The single settlement system for capacities traded via the Wholesale Electricity Spot Market (WESM) across all grids will kick-off in the May billing cycle, the Department of Energy (DOE) said. In an advisory issued this month, Energy Secretary Raphael P.M. Lotilla stipulated that WESM’s shift...
Senator Joseph Victor “JV” Ejercito on Thursday, May 25 reiterated his call for Congress to revisit the Electric Power Industry Reform Act (EPIRA), noting that it has failed to bring down the cost of electricity in the country. Ejercito said it is “possible to amend” the law “because...
Sixteen (16) transmission projects of the National Grid Corporation of the Philippines (NGCP) that were considered Energy Projects of National Significance (EPNS) were delayed and only six of them have reached completion, Senator Sherwin Gatchalian said on Sunday, May 21. Gatchalian said...
