Lopez-led First Gen Corporation will be joining the fresh round of bidding that power utility giant Manila Electric Company (Meralco) will be undertake to fill the capacity void on its additional 2024 supply following the retreat of its targeted supplier. First Gen President and COO Francis Giles B....
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...
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...
Owing to the extreme tightness of supply, power utility giant Manila Electric Company (Meralco) announced that it has implemented rotational blackouts of two-hour duration, initially affecting parts of Cavite and Laguna, as well as key cities in Metro Manila, including Marikina, Novaliches,...
Meralco has decided to take a new direction in its franchise after elevating Luigi Trillo to the head coaching position and marking the end of the eight-year leadership of Norman Black, the team announced on Monday, May 7. *Meralco has appointed Luigi Trillo as the new head coach. (PBA Images) *...
With record-breaking temperatures this summer, power system operator National Grid Corp. of the Philippines (NGCP) indicated that electricity demand in Luzon already surpassed last year’s level as recorded on Wednesday, April 19. Data showed that power demand in the Luzon grid reached record-high...
Oscar Moreno Lopez, the patriarch of the conglomerate under First Philippine Holdings Corporation (FPHC) of the Lopez group that have businesses in energy through First Gen; real estate via Rockwell and the First Philippine Industrial Park; as well as media giant ABS-CBN, has passed away at the age...
The Department of Trade and Industry (DTI) said 30 local coconut exporters of virgin coconut oil and coconut flour will benefit from export marketing and market linkages training to be implemented from April to December 2023. DTI Assistant Secretary for Trade Promotions Glenn Peñaranda said at the...
The Energy Regulatory Commission (ERC) has been discussing with the Independent Electricity Market Operator of the Philippines (IEMOP) the proposed measures for the pass-on of P22.64 billion worth of deferred charges which accumulated in 2013 following strained supply in the Luzon grid due to...
At least 2.6 million customers of Manila Electric Company (Meralco) will continue to receive discounts in their electric bills as mandated under Republic Act 11552 or the Extended Lifeline Rate Act. According to Meralco Vice President Lawrence S. Fernandez, the total amount of rate discounts to...
Customers of Manila Electric Company (Meralco) can temporarily heave a sigh of relief because their electric bills this month will have a reduction of P0.1180 per kilowatt hour (kWh). As announced by Meralco, the rate decline resulted in an all-inclusive tariff of P11.3168 per kWh to be reflected...
The Manila Electric Company (Meralco), in partnership with the Bureau of Fire Protection (BFP) and the local government, opened its own fire and rescue sub-station in Pasig City. Among the attendees of the inauguration were Pasig City Mayor Vico Sotto, Congressman Roman Romulo, BFP Chief Fire...
