ILOILO CITY – The intense summer heat has resulted in a significant increase in electricity prices in the Visayas.This was attributed to the 95.5 percent increase in prices at the Wholesale Electricity Spot Market (WESM), a centralized venue for electricity trading. The prevailing...
BACOLOD CITY – Sen. Francis Tolentino pushed the removal of the 12 percent Value-Added Tax on power rates to reduce the cost of electricity and lower the prices of goods and services that rely on power.TOLENTINOIn an interview at Nature’s Village Resort in Talisay City, Negros Occidental on...
Manila Electric Company (Meralco) customers can breathe a sigh of relief as the power retailer forecasted lower electricity rates for January, citing improved supply conditions and lower generation costs.Joe Zaldarriaga, Meralco’s Vice President and Head of Corporate Communications, said on...
A consumer rights advocate called on the Senate to amend key provisions in the proposed measure to renew the Manila Electric Co. (Meralco) franchise, aiming to protect consumers from further power rate hikes. In a letter addressed to Senate President Francis “Chiz” Escudero and other...
ILOILO CITY – The lone power distributor on the island-province of Guimaras and two of its suppliers are facing a complaint over high electricity rate.The complaint against Guimaras Electric Cooperative (GUIMELCO) and suppliers Panay Energy Development Corp. (PEDC) and GN Power Kauswagan (GNPK)...
Senator Sherwin Gatchalian expressed his belief that any amendment to be made to the Electric Power Industry Reform Act (EPIRA) should result in lower electricity rates.In a statement on Saturday, July 27, Gatchalian reiterated that the sought amendments were for the benefit of consumers who...
President Marcos said the government strives to build more infrastructure to help decrease the price of electricity for consumers.President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate/MANILA BULLETIN)"Batid nating lahat na ang presyo ng kuryente dito sa ating bansa ay mataas (We are aware that...
BACOLOD CITY – The Energy Regulatory Commission (ERC) has approved the power supply agreement (PSA) between the Central Negros Electric Cooperative (Ceneco) and the Energy Development Corp. (EDC) in a bid to stop increasing electricity rates affecting the province of Negros Occidental.In a...
ILOILO CITY – People in this city are still paying the cheapest electricity in Western Visayas despite the increase of P1.02 per kilowatt-hour (kWh) in this month's billing, A LINEMAN of MORE Electric and Power Corp. (MORE Power) in Iloilo City. (Tara Yap)Lone power distributor MORE...
ILOILO CITY – Power rates in Western Visayas will drop starting in the June billing cycle.LINEMEN of the Iloilo Electric Cooperative Inc. I (ILECO I) repair an electric pole amid the rain. (ILECO I)James Balsomo, general manager of the Iloilo Electric Cooperative (ILECO III), in a joint...
The script for market dynamics will be flipped this April because instead of a rate hike, power utility giant Manila Electric Company (Meralco) is hinting at a rate reduction in the electric bills of its roughly 8.0 million customers within this billing cycle.Meralco Vice President and Head of...
Power rates have recently gone up this month due to the ancillary services (AS) charged by the National Grid Corporation of the Philippines (NGCP).MORE Power reported on Saturday, March 23, that consumers will experience a P0.06 per kilowatt hour (kWh) increment owing to AS, which secure the power...
