Business NEWS

With just a relatively minor easing on the quarantine protocols within the so-called NCR plus bubble, power utility giant Manila Electric Company (Meralco) was prompted to extend its self-imposed policy on “no disconnection of services” until the end of this month.

The electrical linemen and meter readers in the power sector are being pushed for prioritization in the country’s Covid-19 vaccination program given the very high risk of exposure they have in carrying out their jobs.

Meralco, the Philippines’ largest electricity distribution utility, was once again among the most decorated companies in the recent Philippine Quill Awards.

The customers of power utility giant Manila Electric Company (Meralco) will brace for added financial burden in their electric bills this month as its overall rate had gone up by P0.0872 per kilowatt hour (kWh), mainly on account of higher generation charges, the biggest component of its pass-on costs.

As weather temperature rises, so as the electric bills that consumers will be paying with initial estimates that the rates of giant power utility firm Manila Electric Company (Meralco) will be going up in April billing.

Meralco signed Jason Brickman to play for its PBA 3x3 team after he was listed as ineligible in the recent Rookie Draft due to incomplete documents.

Meralco PowerGen Corporation (MGen), the power generation investment arm of Manila Electric Company (Meralco) will be pursuing a rebranding of its 50-megawatt PowerSource First Bulacan Solar Inc. (PFBS) project that is due on commercial stream this year.

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. 

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.

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.

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.

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.

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.

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.

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.

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.

Theirs is an exceptional story of a family-led conglomerate that had to rise from the rubble – not just once, twice or thrice but maybe even more – that’s because of the wretch of politics often infringing on their businesses, be it in the power sector or in their television network.

At least three bidders have been disqualified in the ongoing competitive selection process (CSP) of power utility giant Manila Electric Company (Meralco) for power supply agreements (PSAs) that will satiate 1,800 megawatts of its future power supply portfolio.