ILOILO CITY – MORE Electric and Power Corp., this city’s sole power distributor, expects electricity rates to drop further this year. “For six straight months, we have dropped our rates. This will continue to drop,” said Niel Parcon, MORE Power vice president for corporate planning and...
Senator Manuel “Lito” Lapid has called for the passage of a bill seeking to further provide discounts to senior citizens, by giving them the five percent discount on water and electricity bills. Lapid, in filing Senate Bill No. 2169, also proposed that senior citizens be exempted from the 12...
(Unsplash) A Mindanao lawmaker wants to institutionalize refunds or adjustments in the monthly billing of consumers for unannounced and unscheduled interruptions not caused by natural calamities. For this purpose, Davao Oriental 2nd district Rep. Cheeno Almario filed House Bill (HB) No.8191. "We...
Senators are now seeking a refund of all the charges collected by the National Grid Corporation of the Philippines (NGCP) for its uncompleted transmission projects. Sen. Sherwin Gatchalian made the suggestion noting that the government has been looking for ways to lower the prices of electricity in...
The single settlement system for capacities traded via the Wholesale Electricity Spot Market (WESM) across all grids will kick-off in the May billing cycle, the Department of Energy (DOE) said. In an advisory issued this month, Energy Secretary Raphael P.M. Lotilla stipulated that WESM’s shift...
Senator Joseph Victor “JV” Ejercito on Thursday, May 25 reiterated his call for Congress to revisit the Electric Power Industry Reform Act (EPIRA), noting that it has failed to bring down the cost of electricity in the country. Ejercito said it is “possible to amend” the law “because...
Sixteen (16) transmission projects of the National Grid Corporation of the Philippines (NGCP) that were considered Energy Projects of National Significance (EPNS) were delayed and only six of them have reached completion, Senator Sherwin Gatchalian said on Sunday, May 21. Gatchalian said...
Lopez-led First Gen Corporation is lining up massive investments of $20 billion, approximately equivalent to P1.123 trillion, until year 2030 to sustain its market share of 20 percent in terms of kilowatt-hour production to serve the growing electricity needs of Filipinos. The seven-year humongous...
Senator Grace Poe said power firms granted with a franchise and permits carry the colossal task of providing reliable electricity at all times. “Reliability is a big commitment in the provision of public service. Kailangan ay maaasahan ka ng mga tao sa lahat ng oras (People rely on you all the...
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...
(MANILA BULLETIN) A recently filed House bill (HB) in the 19th Congress seeks to expand the coverage of the discount on electricity consumption being given to senior citizens. Sorsogon 1st district Rep. Marie Bernadette Escudero penned and filed HB No.7919, also known as the Expanded Senior...
The recurring spikes in prices at the Wholesale Electricity Spot Market (WESM) will drive up the electricity rates that will be passed on to roughly 7.5 million customers of Manila Electric Company (Meralco) in their May billing cycle. According to Meralco Vice President and Head of Corporate...
