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Meralco considers extending ban on disconnection, puts notices on hold

MANILA Electric Co. (Meralco) is discussing if it will extend the moratorium in serving disconnection notices to customers who still cannot settle any portion of their unpaid bills, especially before the quarantine period.

ERC to Meralco: Explain billing ‘violations’

MANILA Electric Co. (Meralco) was told to appear before the Energy Regulatory Commission (ERC) to explain its supposed violations of the regulator’s advisories on customer billings during the lockdown period.

Power rates decline in June; no adjustments in Q3 water billing

ELECTRICITY RATES in Metro Manila slightly declined this month, with typical households likely to see a P4 cut in their bills, Manila Electric Co. (Meralco) announced on Monday.

Expect higher rates in June

MANILA Electric Co. (Meralco) advised its customers that their upcoming bills for June will be higher as these will reflect their total actual consumption during the lockdown period.

Aboitiz power unit to disconnect from Meralco

THERMA Mobile, Inc. will disconnect from the distribution system of Manila Electric Co. (Meralco) and will quit trading at the wholesale electricity spot market starting mid-July, its parent firm told the stock exchange on Thursday.

Meralco targets to install smart meters for 3.3M customers

MANILA ELECTRIC Co. (Meralco) plans to install more prepaid electricity meters by the middle of next year to far exceed new installations of postpaid meters as the country’s largest power distribution utility targets 3.3 million of its customers to enjoy the benefits of smart meters, its top official said on Tuesday.

Meralco sets health protocols for employees in the face of the...

The Manila Electric Company (MERALCO) today committed to keep the lights on (#KeepTheLightsOn) for its over 6.9 million customers amid the coronavirus-19 pandemic. In a...

Meralco to refund ‘convenience’ fee

MANILA Electric Co. (Meralco) is returning the additional tariff paid for by customers who settled their bills via its online app during the enhanced community quarantine (ECQ) period, as the company will shoulder these fees charged by its service providers.

ERC asked to order refund of Meralco bills for May

A CONSUMER group on Wednesday asked the Energy Regulatory Commission (ERC) to ask Manila Electric Co. (Meralco) to return to customers their payments for May bills, as well as to halt its billings during the period of enhanced community quarantine (ECQ).

Meralco says billings complied with rules

PRESSED with mounting complaints about the apparent surge in its present electricity charges, Manila Electric Co. (Meralco) said it has “strictly” followed government regulations on computing its customers’ bills.

House bloc seeks probe of electricity bills

A RESOLUTION calling for an investigation on the sudden spike in Manila Electric Co. (Meralco) electricity charges has been filed in the House of Representatives.

S&P affirms Meralco’s investment-grade rating

S&P Global Ratings has affirmed its BBB- investment-grade credit rating for Manila Electric Co. (Meralco) with a stable outlook as the listed firm takes on the impact of lower energy sales in 2020 and the delay in resetting its tariff regime.

ERC to Meralco: explain high power bills

SWAMPED with complaints, the Energy Regulatory Commission (ERC) on Monday ordered Manila Electric Co. (Meralco) to explain its calculation for its past customers’ monthly billings from March to May.

Meralco says meter readings for May bills ‘accurate’

AMID mounting concerns by customers on increased electricity bills for May, Manila Electric Co. (Meralco) said its meter readings remain accurate and transparent.

Metro Manila electricity bills to go down in May

ELECTRICITY rates in Metro Manila are likely to go down this month, with typical households getting at least a P50 cut in their bills, Manila Electric Co. (Meralco) said on Friday.

Meralco core net income up 2% to P5.7B in first quarter

THE Manila Electric Co. (Meralco) on Monday reported a 2.1% growth in core net income in the first quarter to P5.72 billion as energy sales proved strong amid the global coronavirus disease 2019 (COVID-19) pandemic.

COVID-19 hospital to rise in Clark, treatment centers to open in...

THE government on Friday said it will set up a coronavirus disease 2019 (COVID-19) hospital in New Clark City (NCC) and will continue to convert more facilities in Metro Manila to accommodate COVID-19 patients in partnership with the private sector.

Meralco says electricity supply steady during Luzon lockdown

MANILA ELECTRIC CO. (Meralco) said it is working around the clock to ensure a steady supply of electricity and services amid the Luzon-wide enhanced community quarantine.

Meralco suspends meter reading, bill delivery

MANILA ELECTRIC Co. (Meralco) told its electricity customers on Friday that it deferred physical meter reading and bill delivery as Luzon is currently under an enhanced community quarantine to contain the spread of COVID-19 (novel coronavirus disease 2019).

Meralco core income up 6.3%

MANILA Electric Co. (Meralco) reported a 6.3% growth in 2019 core net income to P23.83 billion as the power distribution utility recorded strong energy sales with the steady electricity usage by customers in online casinos and business outsourcing firms.

DoE asks Meralco how it will address rising demand

THE Department of Energy (DoE) has asked Manila Electric Co. (Meralco) on how the country’s largest electricity distribution company plans to cope the rise in power demand within its franchise area, the secretary said.

Meralco plans more automated substations

MANILA Electric Co. (Meralco) targets to build more fully automated substations next year ahead of the expected increase in the demand for power, adding to the distribution utility’s investments in technologically advanced facilities within its franchise area.

Meralco rejects condition set by Cusi for new CSP

MANILA Electric Co. (Meralco) will call for bidders to supply 1,200 megawatts (MW) of energy capacity by using one set of terms for new power plants and a different one for existing facilities, going against the suggestion of the Department of Energy (DoE) to open the competitive selection process (CSP) without such distinction, its president said.

Meralco on track to hit P23-billion core income target for this...

MANILA Electric Co. (Meralco) expects to post a core net income of at least P23 billion for 2019 as the country’s largest distribution utility has managed to sustain its performance so far this year, company officials said.

Ghana gov’t terminates concession for ECG

MANILA ELECTRIC Co. (Meralco) said on Tuesday that the concession for the operation and maintenance of the assets of the Electricity Company of Ghana (ECG) has been terminated by the Ghanian government.

Meralco group’s market share shrinks after RCOA

THE RETAIL electricity supply business of Manila Electric Co. (Meralco) has significantly lost market share since rules on retail competition and open access (RCOA) were implemented, although the distribution utility has gained some ground in recent months, the latest report from the Philippine Electricity Market Corp. (PEMC) showed.

SC: Meralco’s unbundled rates for review

THE SUPREME Court (SC) has ordered the Energy Regulatory Commission (ERC) to review the unbundled rates of Manila Electric Co. (Meralco) to ensure that consumers pay “in the least cost manner.”

Meralco to invest P424 million in MGreen’s solar power projects

MANILA Electric Co. (Meralco) said on Tuesday that its board of directors had approved the request of a subsidiary’s unit for a P424.2-million equity funding for its solar projects under development with a combined capacity of 210-megawatt peak (MWp) and a total estimated project cost of P10.01 billion.

Quezon power plant gets ERC green light to operate

MANILA Electric Co. (Meralco) has secured provisional authority from the Energy Regulatory Commission (ERC) to start operating San Buenaventura Power Ltd.’s (SBPL) 500-megawatt (MW) coal-fired power plant and provide baseload capacity to the Luzon grid.

Ayala, SMC units bag Meralco supply contracts

MANILA Electric Co. (Meralco) has awarded power supply agreements (PSA) covering 1,200 megawatts (MW) to units of San Miguel Corp. (SMC) and Ayala’s AC Energy, Inc.

Meralco rates down for fifth month

HOUSEHOLDS in Metro Manila will see lower electricity bills for the fifth straight month in September, according to the Manila Electric Co. (Meralco).

ERC approves Meralco’s withdrawal of 3 PSAs

THE Energy Regulatory Commission (ERC) has approved Manila Electric Co.’s (Meralco) application to withdraw its power supply agreements (PSA) with three power generating companies after the Supreme Court ordered them to first go through competitive bidding before forging the deals.

Meralco prepares to showcase vehicle-to-grid project

MANILA Electric Co. (Meralco) expects to complete “soon” a study that will prove whether electric vehicles (EVs) can help power the grid and help ease energy demand during times when supply is deficient.

Meralco Q2 core profit up 13%

MANILA Electric Co. (Meralco) grew its core net income by 13.2% to P6.72 billion in the second quarter, in part brought about by the minimal weather disturbance and lower inflation, company officials said on Monday.

Meralco plans more microgrids

MANILA Electric Co. (Meralco) is looking outside its franchise area to build microgrids similar to its hybrid system on Cagbalete Island, company officials said.

Meralco seeking ERC nod for emergency capex

MANILA Electric Co. (Meralco), the country’s largest power distribution utility, is seeking approval from the energy regulator for an emergency capital expenditure (capex) of up to P15.19 billion to cover its 2020 projects, nearly a third of which are to fund “very urgent major projects.”

Leading the future of energy in the Philippines

Manny V. Pangilinan has ever been the face of energy in recent Philippine memory. With good reason, with him chairing the most important energy...

The makings of a leader

Passion and Philosophy: Atty. Ray C. Espinosa As the newly-appointed president and chief executive officer of a company as prominent as the Manila Electric Co. (Meralco),...

A growth enabler

Passion and Philosophy: Atty. Ray C. Espinosa Before Ray C. Espinosa assumed the position of president and chief executive officer (CEO) of the country’s biggest power...

A fruitful year

Passion and Philosophy: Atty. Ray C. Espinosa The year 2018 was an especially good year for the Philippines’ largest electric distribution company, the Manila Electric Company...

Meralco willing to undergo competitive selection process to allow Atimonan construction...

MANILA Electric Company (Meralco) is willing to undertake the competitive selection process (CSP) in order to allow the construction of the Atimonan coal-fired power plant to start.

Meralco core net income rises 14% in Q1

LISTED distribution utility Manila Electric Co. (Meralco) said its core net income rose 14% to P5.6 billion in the first quarter, despite a “modest” 2% growth in energy sales volume.

Meralco-led consortium inks deal with BCDA for New Clark City

MANILA Electric Co. (Meralco), the country’s largest power utility, and its consortium partners have signed a joint venture agreement with the Bases Conversion and Development Authority (BCDA) to manage the distribution of electricity in New Clark City.

Meralco-led consortium takes over Ghana power distribution utility

MANILA ELECTRIC Co. (Meralco) on Monday said the assets and operations of the Electricity Company of Ghana (ECG) had been handed over to the consortium participated in by the distribution utility.

Meralco in talks with ALI to put up microgrids in resort...

MANILA ELECTRIC Co. (Meralco) is studying the viability of putting up microgrid systems in popular tourist destinations outside its franchise area and replicate the hybrid energy system it is installing on Cagbalete Island in Quezon province.