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January power rate hike to be lot less than originally computed—Meralco

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AFP FILE PHOTO

The Manila Electric Co. (Meralco) said on Wednesday the power rate hike it would implement for the January billing would likely be much less than originally computed based on a regulatory order voiding spot market rates in late 2013.

Posted: March 19th, 2014 in Latest Business Stories | Read More »

Meralco ready to refund excess charges

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Protesters wear masks as they hold a rally at the Philippine Supreme Court to coincide with the oral arguments on the power rates hike petition of Meralco, the country's largest electric power distributor, Tuesday, Jan. 21, 2014 in Manila.  AP FILE PHOTO

MANILA Electric Co. (Meralco) yesterday said it would refund any excess amount should an order from the Energy Regulatory Commission (ERC) to recalculate electricity spot market prices cut the generation cost and other pass-on charges that it had collected from its 5.3 million customers.

Posted: March 13th, 2014 in Headlines | Read More »

Meralco bills in March to go down

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INQUIRER.net FILE PHOTO

Electricity consumers within the Manila Electric Company (Meralco) franchise area will see a reduction of 45 centavos per kilowatt-hour (kWh) in their March rates on lower power generation cost and related charges.

Posted: March 10th, 2014 in Latest Business Stories | Read More »

Lawmaker wants Meralco franchise reviewed amid power rate hike bid

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Akbayan party-list representative Walden Bello. INQUIRER FILE PHOTO

A partylist lawmaker is seeking a review of Manila Electric Co.’s (Meralco) congressional franchise for failing to protect the interest of its consumers from unjust power rate increases.

Posted: February 16th, 2014 in Latest Business Stories | Read More »

History repeals itself

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Believe it or not, our favorite Meralco wants to go back in time. Frustrated by the Supreme Court in its attempt to collect an additional P6 billion from its 5.3 million customers, Meralco is asking the ever-acquiescent ERC (Energy Regulatory Commission) to cancel the trading results in the electricity spot market a few months ago.

Posted: February 13th, 2014 in Columnists,Inquirer Columns | Read More »

Napocor acquires 10 gensets

National Power Corp. (Napocor) has spent P77 million to acquire 10 additional units of 600-kilowatt modular diesel generator sets to improve the reliability of electricity supply in various far-flung, off-grid areas.

Posted: February 6th, 2014 in Headlines | Read More »

Gov’t puts off LRT, MRT fare hikes anew

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FILE PHOTO

A long-delayed plan to hike fares at Metro Manila’s elevated railways would be delayed further as the transportation department has put on hold any increase while waiting for the outcome of a Supreme Court case over the power rate hike by distributor Manila Electric Co., a senior government official said on Wednesday.

Posted: January 23rd, 2014 in Latest Business Stories | Read More »

DOE to comment on power hike TRO; power firms mum on next move

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AFP FILE PHOTO

While the Department of Energy (DOE) prepares to file comments on the Supreme Court’s 60-day temporary restraining order (TRO) on the P4.15/kWh power rate hike in December 2013, power generation firms have declined to bare plans on the matter.

Posted: January 10th, 2014 in Latest Business Stories | Read More »

SC includes power market regulator, independent power producers in suit

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The Supreme Court building in Manila. INQUIRER FILE PHOTO

The Supreme Court ordered on Thursday the groups that sued the Manila Electric Co. for its controversial rate increase to include the regulator of the country’s electricity market and six independent power producers as respondents in the case.

Posted: January 9th, 2014 in Latest Business Stories | Read More »

Malitbog power plant unit in Leyte back in operation, EDC says

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The Energy Development Corp. (EDC) disclosed Thursday that one unit of the 75-megawatt Malitbog power plant in Leyte is operational again following repairs.

Posted: January 3rd, 2014 in Editor's Pick,Headlines | Read More »

Meralco secures SEC nod to source power from TMO

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Pedestrians walk past a Meralco sign in suburban Manila in this file photo. AFP FILE PHOTO

Manila Electric Co., the country’s biggest power distributor, has secured regulatory approval for its power supply agreement with Therma Mobile Inc. (TMO) of the Aboitiz group.

Posted: November 15th, 2013 in Latest Business Stories | Read More »

Big power firms eye bulk contract for Unified Leyte geothermal facilities

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The Leyte geothermal plant. www.geothermal-energy.org  photo

Prospective bidders, including some of the biggest players in the local energy sector, have showed up in the pre-bid conference for the 588-megawatt Unified Leyte geothermal facilities, said the state-run Power Sector Assets and Liabilities Management Corp.

Posted: August 28th, 2013 in Latest Business Stories | Read More »

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