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...
In a scathing privilege speech, Santa Rosa City lone district Rep. Dan Fernandez has accused power distribution giant Manila Electric Company (Meralco) of overcharging its 7.6 million customers for the past nine years. Fernandez claimed that Meralco has been...
Power utility giant Manila Electric Company (Meralco) is scheduled to a sign a ‘nuclear cooperation agreement’ with US firm Ultra Safe Nuclear Corp for the targeted installation of a micro modular reactor (MMR) demonstration project in the Philippines. Meralco Executive Vice President and Chief...
MGen Renewable Energy Inc. (MGreen), the renewable energy investment arm of Manila Electric Company (Meralco) ,will be queueing up to P200 billion worth of investments for the gigantic 3,500-megawatt solar farm development that shall be integrated with 4,000-megawatt hours (MWh) of energy storage...
Buoyed by the strong financial showing of its power generation business portfolio, the consolidated core net income of power utility giant Manila Electric Company (Meralco) had surged 53-percent to P30.023 billion in this year’s nine-month period versus P19.605 billion within a comparative period...
Electric distribution utility Manila Electric Co. (Meralco) announced power interruptions in Batangas, Caloocan, Cavite, Laguna, Manila, Muntinlupa, and Pasay. In a post made by the electric company, the seven cities and province will start their maintenance schedule on Monday, Nov. 6 to Wednesday,...
The Manila Electric Co. (Meralco) said it will hold a competitive bidding for 1,800 megawatts of power supply next year after the Energy Regulatory Commission (ERC) approved the termination of its power supply deal with San Miguel's power generation unit. In a statement on Thursday, Nov. 2, Meralco...
The renewable energy-based capacity contracting of Manila Electric Company (Meralco) which now hovers at 1,800 megawatts had so far exceeded its initial target of 1,500 megawatts. Its ramped up capacity of clean energy procurements, according to Meralco Vice President and Chief Sustainability...
SP New Energy Corporation (SPNEC) is planning a follow-on offering to raise additional capital as well as to increase its public float specially after this will be further reduced once MGen Renewable Energy Inc. (MGreen) comes in as its new controlling shareholder. In a disclosure to the Philippine...
The Energy Regulatory Commission (ERC) has approved the withdrawal of application for the power supply agreements (PSA) that had been jointly agreed to be terminated by parties-in-interest Manila Electric Company (Meralco) and the subsidiary-companies of SMC Global Power Holdings Corp (SMGP) of the...
Meralco Power Academy (MPA) received certification from the Department of Energy (DOE) which considers it a recognized training institution (RTI). MPA, the education provider unit of Manila Electric Co. (Meralco), can now conduct the prescribed capability-building training for Energy Efficiency and...
The Department of Energy (DOE) has ordered and deployed personnel to carry out physical inspection of the delayed liquefied natural gas (LNG) import facilities, as the snagged kick-off of their commercial operations have been triggering spikes in electricity rates being passed on to consumers....
