ILOILO CITY – The sole electricity distributor of this city, MORE Electric and Power Corp. (MORE Power), is set to reduce its consumer rate by P2.76 per kilowatt-hour for the billing period November 18 to December 14. LINEMEN of MORE Electric and Power Corp. in Iloilo City. “This is an early...
With sustained uptick in its energy sales, the net income of Alsons Consolidated Resources Inc. (ACR) had climbed to P1.8 billion within January to September this 2023, posting 32-percent escalation from a relatively moderate pace of P1.35 billion earnings last year. Given such uptrend in its...
Power utility giant Manila Electric Company (Meralco) has initially cornered prospective offers of 3,310 megawatts from six (6) interested bidders on its scheduled competitive selection process (CSP) for capacity procurement of 1,800MW that will satiate its additional supply portfolio for 2024 and...
The Manila Electric Co. (Meralco) said that the power prices in the country coincide with the real electricity costs, and that their rates are fair and reasonable to its service quality. Meralco issued the statement to clarify the recent statements made by ACT-Teachers Representative France Castro,...
CAVITE – The Manila Electric Company (Meralco) announced scheduled power interruptions in some areas in the province due to facility maintenance. Some parts of Carmona City will have no electricity from 11:00 p.m. on Nov. 13 to 4:00 a.m. on Nov. 14 to give way to installation of facilities...
The 7.8 million customers of Manila Electric Company (Meralco) will need to cough up higher budget in their electric bills this month, as the company’s overall pass-on tariff went up by P0.2347 per kilowatt hour (kWh) to P12.0545 per kWh from P11.8198 per kWh in the October billing cycle. For...
The Energy Regulatory Commission (ERC) has prescribed a two-tiered review process before the power supply agreements (PSAs) or contracts underwritten via competitive selection process (CSP) could secure regulatory approval. That has been the main stipulation in the new CSP guidelines that was...
Power utility giant Manila Electric Company (Meralco) is preparing to deploy at least 300 generator sets (gensets) to avert blackouts or power interruption scenarios that could mar the conduct of the Barangay and Sangguniang Kabataan Elections (BSKE) by the end of this month. On top of that,...
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...
Juan Alejandro Aboitiz has officially started his duties as the new senior vice president of Aboitiz Power (AP) Corp. this November. In a disclosure to the Philippine Stock Exchange, changes in the 2023 General Information Sheet (GIS) have been made to reflect the newly appointed officer....
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...
Finance Secretary Benjamin E. Diokno is urging the National Power Corp. (NPC) to improve access to electricity in remote communities. During the NPC's 87th Anniversary, Diokno reminded the company of its mission to provide electricity to remote areas and islands in the Philippines and assured them...
