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Rate hike may stunt growth in Meralco areas

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AFP FILE PHOTO

The surge in electricity prices within the franchise area of Manila Electric Co. (Meralco) is seen to derail the growth of many power-intensive industries, particularly small and medium sized enterprises, and may even result in massive lay-offs if left unaddressed, the Philippine Chamber of Commerce and Industry (PCCI) warned on Thursday.

Posted: December 13th, 2013 in Latest Business Stories | Read More »

‘Kinks’ delay rollout of prepaid electricity

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Manila Electric Co. (Meralco), the country’s biggest power distributor, has moved to July 2014 the commercial launch of its prepaid retail electricity scheme in the residential sector, as it continued to thresh out potential “kinks” in the system.

Posted: November 18th, 2013 in Headlines | Read More »

Meralco customers in for refund

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FILE PHOTO

Manila Electric Co. (Meralco) customers may be in for refunds as regulators told the power distributor to get back at least P9.85 billion for double charges on transmission line costs paid to successor companies of National Power Corp. (Napocor).

Posted: September 11th, 2013 in Latest Business Stories | Read More »

Meralco to raise distribution charge this month

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FILE PHOTO

Manila Electric Co. (Meralco) is set to implement an increase of 2.54 centavos per kilowatt-hour (kWh) on the distribution charge from this month to June 2014.

Posted: July 5th, 2013 in Latest Business Stories | Read More »

Meralco income surges to P4B in Q1, up 19.3%

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Manila Electric Co.’s consolidated net income in the first quarter grew 19.3 percent to P4.02 billion, from P3.37 billion in the same period last year, mainly on higher energy sales.

Posted: April 23rd, 2013 in Headlines | Read More »

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