Debt-watcher S&P Global Ratings said the expansion of Manila Electric Co.’s (Meralco) scale and market position in power generation will enhance its business as an integrated power utility. In a statement, S&P Global Ratings said it affirmed Meralco’s ‘BBB’ rating and revised its outlook to...
Power distributor Manila Electric Company (Meralco) reported on Tuesday, July 22, that most power outages in Luzon continue to affect customers due to widespread flooding caused by the Southwest monsoon or “habagat.”
As of 10:00 a.m., approximately 118,000 Meralco customers in Metro Manila,...
The power generation unit of Manila Electric Co. (Meralco) is constructing its second battery energy storage system (BESS) in the country. In a statement on Monday, July 22, Meralco PowerGen Corp. (MGen) said it will develop a 49-megawatt (MW) stand-alone battery energy storage system (BESS) in...
With intense weather disturbances persisting, energy stakeholders have assured continued monitoring and assessment of facilities in response to the recent effects of the southwest monsoon and Severe Tropical Storm “Crising”. The National Grid Corporation of the Philippines (NGCP) said on...
Retail electricity supplier MPower is set to power the cell sites and facilities of PLDT, Inc. and Smart Communications, Inc. as part of the Energy Regulatory Commission’s (ERC) Retail Aggregation Program (RAP). In a statement on Thursday, July 17, Manila Electric Company (Meralco) said MPower...
Power distributor Manila Electric Co. (Meralco) announced an upward adjustment of ₱0.4883 per kilowatt hour (kWh) in electricity rates due to higher generation charges. In a statement, Meralco noted that the increase, which brought the overall rate for a typical household to ₱12.6435 per kWh,...
The Manila Electric Company (Meralco) has energized a new gas-insulated switchgear (GIS) substation to support economic zones in southern Metro Manila. In a statement on Tuesday, July 1, Meralco said it has energized the ASEANA 115 kilovolt (kV) - 34.5 kV GIS substation in Parañaque City that...
Meralco PowerGen Corp. (MGen), the power generation arm of Manila Electric Company, has finalized power supply agreements to provide renewable energy (RE) to EvoEnergi Inc. In a statement, MGen announced that the company, through its thermal and RE subsidiaries, MThermal and MGreen, signed two...
The retail electricity supply unit of Manila Electric Company (Meralco), MPower, has expanded its partnership with the Gokongwei Group, securing renewed contracts to power most of the latter’s major facilities in Luzon.
In a statement on Monday, June 23, the Meralco unit said the renewed...
Meralco PowerGen Corp.’s (MGen) subsidiary has completed and commissioned its 100-megawatt (MW) Fast Start Ancillary Services facility, which will provide additional and reliable power to Singapore. In a statement on Wednesday, June 18, PacificLight Power Pte. Ltd. (PLP) said it started...
Manila Electric Company’s (Meralco) local retail electricity supplier has partnered with Conunsji-led DMCI Homes to become the first real estate firm to switch to the Retail Aggregation Program (RAP). In a statement on Tuesday, June 17, MPower announced that it will onboard DMCI Homes’...
The Department of Energy (DOE) said that it is withholding the issuance of a Certificate of Conformity (COC) to the Manila Electric Company (Meralco) until it receives aligned findings from both the Philippine Competition Commission (PCC) and the Energy Regulatory Commission (ERC). Energy Assistant...
