Manila Electric Co. (Meralco) reduced electricity rates for August as the regulator-approved refund cushioned increases in transmission, tax, and generation charges. In a statement, Meralco said the country’s largest power distributor lowered its overall rate for a typical household by ₱0.0428...
Consumers and lawmakers cheered the SONA pledge to scrap system loss charges as if Christmas had come early with a gift-wrapped power discount. But electricity has a wicked sense of humor: erase the line item today, and the cost may quietly return tomorrow wearing a different name. After all, no...
Manila Electric Co. (Meralco), the largest power distributor in the country, assured full compliance with the Energy Regulatory Commission’s (ERC) order to credit ₱9.51 billion back to its customer base. “Meralco supports initiatives of the government to provide relief to consumers and ensure...
Manila Electric Co. (Meralco) was ordered by energy regulators to refund ₱9.51 billion to its customer base after collecting unauthorized charges. The Energy Regulatory Commission (ERC) directed the country’s largest power distributor to return an average rate of ₱0.3449 per kilowatt-hour...
Senator Erwin Tulfo on Thursday pushed back against Meralco 's argument that eliminating non-technical system loss charges could lead to higher operating costs that may eventually be reflected in electricity rates, saying distribution utilities should absorb ordinary business losses instead of...
Manila Electric Co. (Meralco) reported a 3.8 percent increase in first-half core net income, boosted by expanding power generation assets and retail market growth despite the slight dip in distribution volumes. Meralco Senior Vice President and Chief Finance Officer Betty Siy-Yap reported that the...
If there is one thing that has united consumers in recent months, it is not a national holiday or a collective celebration: it is the shared shock and frustration of opening their electric bills. For the millions of subscribers of the Manila Electric Co. (Meralco), every billing cycle has become an...
Manila Electric Co.’s (Meralco) plan to refund more than ₱9 billion to customers may not translate into lower electricity bills, as its regulator is also weighing the power utility giant’s request to recover more than ₱9 billion in additional charges. The Energy Regulatory Commission (ERC)...
After a slight pullback last month, customers should brace for higher electricity prices in June following an upward adjustment in generation charges, according to Manila Electric Co. (Meralco). Meralco said on Thursday, June 11, that it is increasing electricity rates by ₱0.1488 per...
In the capital-intensive world of infrastructure in the country, power companies are usually judged by a few hard numbers: megawatts generated, grid efficiency, and the bottom line. But Meralco PowerGen Corp. (MGEN) is trying a different track. The generation arm of the Philippines’ largest...
The Department of Trade and Industry (DTI) is studying a new policy that would regulate the manufacturing, distribution, and use of solar energy systems in the country as part of efforts to strengthen public safety and address concerns raised by electric utility firms. During a public consultation...
Manila Electric Co. (Meralco) has asked regulators for permission to cap an expected spike in electricity rates this month to shield households from surging generation costs and a weakening currency. In a proposal submitted to the Energy Regulatory Commission (ERC), the country’s largest power...
