TEST
Home Tags Meralco

Tag: Meralco

Meralco settles fines, plans P200-M discount to poor customers in Oct.

MANILA Electric Co. (Meralco) has settled its fines for allegedly breaching billing directives from the Energy Regulatory Commission (ERC), while it plans to cover the distribution charges of its poor customers in October.

Meralco rates fall for fifth straight month

POWER RATES in Metro Manila will go down again this month with typical households likely to see a P12 cut in their bills, Manila Electric Co. (Meralco) said on Wednesday.

Bill shock fine sparks Meralco selling

MARKET players sold their shares in Manila Electric Co. (Meralco) after the power distributor was fined for failure to inform the consumers that their bills during the lockdown had been estimated.

Advocacy group tells Meralco to ‘go green’

MANILA ELECTRIC CO. (Meralco) should turn to renewable energy supply for its upcoming round of procurement, according to clean energy advocates.

Meralco fined for lockdown billing woes

THE CORPORATE regulator has fined Manila Electric Co. (Meralco) P19 million for ignoring advisories on billing customers during the lockdown.

Meralco offers P101-M aid to power users

MANILA ELECTRIC CO. (Meralco) on Monday said it would shoulder a portion of the electricity bills paid for by its poor customers as a form of aid.

PLDT, Meralco donate equipment in virus fight

PLDT, INC. and Manila Electric Co. (Meralco) have turned over P45 million worth of hospital equipment to East Avenue Medical Center for its new facility to respond to the coronavirus disease 2019 (COVID-19).

Electricity rates down for fourth straight month

ELECTRICITY RATES in Metro Manila slipped this month, with typical households likely to see a P41 cut in their total bills, according to Manila Electric Co. (Meralco).

Meralco seeks delay of 1,800-MW power

MANILA ELECTRIC CO. (Meralco) requested to defer the conduct of a competitive selection process (CSP) to procure 1,800 megawatts (MW) of power supply. Last week,...

Meralco: Refund requests ‘low’

THERE have not been many customers who asked for refund of their quarantine arrears, according to Manila Electric Co. (Meralco).

Meralco core profit down 14% in first half

MANILA ELECTRIC CO. (Meralco) saw its core net income dropped 14% to P10.6 billion in the first six months of the year with lower revenues and sales.

Meralco shoulders nearly P13 million in online fees

MANILA ELECTRIC CO. (Meralco) has shouldered P12.6 million in convenience fees which its partner payment platform provider charges utility customers in settling their bills through its mobile application, the company told the Department of Energy (DoE).

WESM price tweaks prevented higher utility charges, says Meralco

MANILA ELECTRIC CO. (Meralco) welcomed the Supreme Court’s ruling which affirmed the Energy Regulatory Commission’s (ERC) order adjusting the spot market prices in two supply months in 2006, relieving consumers of paying additional P6 per kilowatt-hour (kWh) for generation charges.

July power rates expected to be little changed

ELECTRICITY RATES for Metro Manila households in July are likely to be flat, according to Manila Electric Co. (Meralco).

ERC to order lockdown refund from Meralco

THE Energy Regulatory Commission (ERC) said Tuesday it will soon issue an order to issue refunds to customers who overpaid on their electricity bills, after the Manila Electric Co. (Meralco) agreed to return excess collections made during the enhanced community quarantine (ECQ).

Meralco to refund electricity bills paid by customers wanting installment plan

MANILA Electric Co. (Meralco) will be issuing refunds to customers who wanted to pay their bills incurred during the lockdown period in installments but have already paid these in full last month.

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.