Meralco, the biggest electrical distribution company in the country, has selected GE as systems integrator for the utility’s new advanced metering infrastructure integrated solution (AMIIS) project, which will allow electricity users to effectively manage their energy use and expenses.
The contract represents GE’s first AMIIS order in the Asia-Pacific region as more countries invest in advanced technologies to help modernize their energy delivery infrastructure. GE’s AMIIS package will enable Meralco to offer prepaid retail electric service in its franchise area. GE’s solution also gives the utility a robust, flexible and high-performance meter data management system to address regulatory and other business requirements, including the implementation of open access and retail competition.
With prepaid electricity, Meralco customers will be able to use their meters to monitor their daily energy consumption and more effectively manage their electricity spending. GE’s AMIIS package will give Meralco remote access to the meters, which will further enhance its ability to improve its monitoring of outages, service connections, power quality and power demand in almost real time.
Security Bank bags award
Asiamoney, Asia’s leading regional financial publication, recently named Security Bank Corp. the “Best Domestic Provider of Foreign Exchange Products and Services” in the Philippines based on its 2012 FX Poll.
The bank was also recognized as the “Best in FX Research and Market Coverage in the Philippines” for its sustained efforts in providing daily and weekly market updates and technical analysis to its clients.
Earlier this year, Security Bank was named the Best Domestic Debt House in the Philippines under the Asiamoney Best Banks Awards 2012 category. Asiamoney is a monthly publication that provides analysis on financial and investment markets in the Asia-Pacific. The FX Poll is an annual survey conducted by Asiamoney to rank the performance of Asia’s foreign exchange service providers.