With roughly four million of Filipinos out of work, compounded by the incessantly rising prices of basic commodities, Filipino consumers are indeed in a dizzying ride for survival through the economic mare’s nest stirred up by the COVID-19 pandemic. There’s still one item in the monthly...
The 7.1 million customers of Manila Electric Company (Meralco) will experience cost relief in their pockets this month -- with the calculated tariff reduction of P0.3598 per kilowatt hour (kWh), primarily for residential consumers in the utility firm’s March billings. According to the company,...
Power utility giant Manila Electric Company (Meralco) has spent its P20.8 billion worth of capital expenditure (capex) undertakings last year with the completion of electric and non-electric projects. According to Meralco, the firm’s capital spending last year was higher by 3.0-percent versus...
Power utility giant Manila Electric Company (Meralco) has set P1.8 billion provision for ‘bad debts’ or ‘credit loss’ because of the extended ‘no disconnection’ policy being enforced by the government for consumers that have unpaid bills. “Given that there is an extension on the...
Photo from PBA Meralco coach Norman Black said the talent pool in this year’s PBA Rookie Draft could be an exceptional one if some of the Fil-foreigners can submit necessary requirements before Friday’s deadline. “It can be very special, I believe,” Black said in an interview with One...
Meralco PowerGen Corporation, the power investment arm of Manila Electric Company (Meralco), is seriously weighing options to shift investment plans into setting up liquefied natural gas (LNG) facilities instead of the previously blueprinted coal-fired power investments. “We should get into the...
Owing mainly to the coronavirus pandemic-induced sales decline, the core net income of Manila Electric Company (Meralco) went down 9.0-percent to P21.711 billion last year from a robust bottom line outcome of P23.832 billion in 2019. The utility firm’s reported net income suffered an even deeper...
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...
Customers of Manila Electric Company (Meralco) can expect financial relief on their electric bills next month, as this is expected to be on downtrend, according to company Vice President and Spokesperson Joe Zaldarriaga. “Based on initial projections, there is a strong likelihood that power rates...
The lower-than-reserve price offers in the competitive selection process (CSP) of the 1,800 megawatts power supply agreements (PSAs) for power utility giant Manila Electric Company (Meralco) will result in cheaper electricity rates for consumers, according to the Department of Energy. Energy...
The Energy Regulatory Commission (ERC) has approved P13.885 billion worth of refund to Manila Electric Company (Meralco) that will translate to rate reduction of P0.1528 per kilowatt hour (kWh) in their customers’ electricity bills by next month. (MANILA BULLETIN) As mandated by the regulatory...
The Department of Energy (DOE) is being urged to enforce stricter rules in the competitive selection process (CSP) for power supply agreements (PSAs) that are being auctioned by distribution utilities. The Department of Energy (DOE) is being urged to enforce stricter rules in the competitive...
