On top of the double whammy of rotational brownouts and scorching heat, consumers of Manila Electric Company (Meralco) will be distressed with additional financial burden as its rates will go up by P0.1761 per kilowatt hour (kWh) in this May billing. For roughly 70-percent of the utility firm’s...
The Energy Regulatory Commission (ERC) has been discussing with the Independent Electricity Market Operator of the Philippines (IEMOP) the proposed measures for the pass-on of P22.64 billion worth of deferred charges which accumulated in 2013 following strained supply in the Luzon grid due to...
Customers of Manila Electric Company (Meralco) can temporarily heave a sigh of relief because their electric bills this month will have a reduction of P0.1180 per kilowatt hour (kWh). As announced by Meralco, the rate decline resulted in an all-inclusive tariff of P11.3168 per kWh to be reflected...
Power utility giant Manila Electric Company (Meralco) has secured additional 56 megawatt capacity commitments from Ayala Property Management Corporation (APMC), which will be utilizing its own generating assets for its power needs when necessary. In a statement to the media, Meralco said it has...
Power utility giant Manila Electric Company (Meralco) divulged that it received new offers for one-year contract to cover 670 megawatts of capacity that will replace the cheaper fixed price contract of the Ilijan gas-fired power plant of South Premiere Power Corporation (SPPC) of the San Miguel...
The energy subsidiaries of diversified conglomerate San Miguel Corporation (SMC) have terminated two power supply agreements (PSAs) with utility giant Manila Electric Company (Meralco), crashing hopes of at least 1,800 megawatts in critical power capacity additions by next year until 2025. In an...
Scholarship program for women engineers The Manila Electric Co. (Meralco) has awarded 18 female college students from different universities with scholarship grants that will help them pursue their dreams of becoming professional electrical engineers. The scholarship will cover the expenses of the...
JG Summit Holdings Inc., the flagship of the Gokongwei Group, has raised P12.38 billion from the sale of 36 million shares of Manila Electric Company (Meralco) through an overnight block trade. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors had approved the...
German firm Siemens Energy is projecting that economies in the Asia Pacific region will immensely propel energy demand growth within the stretch of two decades or until year 2040. Brian Byrne, senior vice president of Siemens Energy Asia Pacific Hub, said “Asia Pacific’s growth aspirations will...
