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TRO vs Meralco rate hike expires Tuesday

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AFP FILE PHOTO

The Manila Electric Co. (Meralco) has expressed optimism that issues on the recent electricity rate hikes will soon be resolved even as the Supreme Court’s temporary restraining order (TRO) on the controversial power rate hike last December 2013 expires Tuesday.

Posted: April 22nd, 2014 in Latest Business Stories | Read More »

ERC mulls over WESM price cap for May, June

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Regulators want to add another layer of price control in the energy market for May and June in yet another move to prevent rate spikes like the ones seen in recent months.

Posted: April 20th, 2014 in Headlines | Read More »

Meralco bills up this month until July

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INQUIRER.net FILE PHOTO

Customers of Manila Electric Co. (Meralco) should brace for higher electricity bills starting this month up to July this year, as the expected increase in power consumption during the hot summer months puts pressure on power rates.

Posted: April 5th, 2014 in Latest Business Stories | Read More »

Meralco seeks staggered January rate hike

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AFP FILE PHOTO

The Manila Electric Co. (Meralco) has asked the Energy Regulatory Commission to approve its plan to stagger the deferred power rate increase in January over six months.

Posted: March 25th, 2014 in Latest Business Stories | Read More »

Regulator adjusts caps on power generation

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The Energy Regulatory Commission (ERC) has approved the adjustments in the power generating capacity a single entity can own or acquire to protect consumers from a possible monopoly.

Posted: March 22nd, 2014 in Headlines | Read More »

Militant group says Meralco recomputation not enough

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Bayan Muna Partylist Representative Neri Colmenares. INQUIRER.NET FILE PHOTO

After the Energy Regulatory Commission promised a recomputation of the rate hike that the Manila Electric Company (Meralco) imposed, a militant group has once again protested that the computed price is not enough.

Posted: March 18th, 2014 in Latest Business Stories | Read More »

Voiding power rate hike won’t stop DOJ probe

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AFP FILE PHOTO

Despite the decision of the Energy Regulatory Commission (ERC) to void the electricity price hike in the fourth quarter last year, the Department of Justice on Friday said it would continue its investigation into the alleged price manipulation and anticompetitive behavior of power companies.

Posted: March 16th, 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 »

Palace welcomes ERC decision to void WESM prices in Malampaya shutdown

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Malampaya natural gas plant. http://malampaya.com/

Malacañang on Tuesday welcomed the Energy Regulatory Commission’s (ERC) recent decision to void the Wholesale Electricity Spot Market prices during the Malampaya shutdown.

Posted: March 11th, 2014 in Latest Business Stories | Read More »

ERC to ask WESM to recompute December, January generation charges

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INQUIRER.net FILE PHOTO

Citing market failure, the Energy Regulatory Commission has directed the operator of the Wholesale Electricity Spot Market to recompute the generation charges it imposed on customers of the Manila Electric Co. last December and January.

Posted: March 11th, 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 »

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