Customers of Manila Electric Co. (Meralco) can expect their electricity bills to go up by 10.1 centavos per kilowatt-hour this month due to the imposition of a new universal charge for stranded contract costs by a state-run energy agency.
Customers of power distributor Manila Electric Co. may expect their electricity rates to go down, after the Energy Regulatory Commission approved the utility’s new power supply agreements (PSAs) and its peak/off-peak (POP) program.
Manila Electric Co. (Meralco), the country’s biggest power distributor, is set to give starting this month over a billion pesos to its customers representing interest payments on their electricity bill deposits.
Customers of Manila Electric Co., the country’s biggest power distributor, can expect their electricity bills to go down by 31 centavos per kilowatt-hour in December due to reductions in the generation, transmission and system loss charges.
Customers of Manila Electric Co., the country’s biggest power distributor, can expect their electricity bills to go down in December due to lower demand and generation rates this month.
The Department of Energy is exploring ways to refund some P10 billion that were allegedly “double charged” to the customers of power distributor Manila Electric Co.
Manila Electric Co., the country’s biggest power distributor, is set to roll out before the end of the year pilot projects that will determine the commercial viability of the prepaid retail electricity scheme and electric vehicle charging stations.
Manila Electric Co., the country’s largest power distributor, has pushed back the start of its technical pilot project for the prepaid retail electricity scheme to November this year, from the previous target of July, as it has yet to award the project to a foreign firm.
Customers of the Manila Electric Co., or Meralco, the country’s biggest power distributor, must brace for a “significant” increase in their electricity bills this month due to a spike in the cost of power taken from the wholesale electricity spot market (WESM).
When shareholders of Manila Electric Co. gather for their annual meeting this May 29, it will be the last time Ambassador Manolo Lopez, 69, will address them as chair. Lopez was chair and chief executive officer of Meralco until 2010, when the First Pacific group bought out most of the Lopezes’ stake and installed Manuel V. Pangilinan (MVP) as the new CEO.
Manila Electric Co. (Meralco) is shelving certain projects worth P293 million to be able to focus on the large-scale pilot testing of the prepaid electricity scheme.
The government must encourage power generation companies to put up new facilities that will generate the much needed additional electricity whether by “incentive or compulsion” to help ease the country’s tight supply.
