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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.

Meralco core income jumps 18% in 4th quarter

MANILA Electric Co. (Meralco) posted a core net income of P5.72 billion in the fourth quarter of 2018, higher by 18.2% compared with the P4.84 billion a year earlier largely because of the higher power consumption during the last three months of 2018.

Power rates to go up in February

THE Manila Electric Company (Meralco) on Friday announced power rates in February will rise by P0.5682 per kilowatt-hour (kWh), mainly due to higher generation charges.

Meralco-led consortium to supply power to New Clark City

MANILA Electric Co. (Meralco) has received the notice of award from the Bases Conversion and Development Authority (BCDA) for power distribution in New Clark City, an official of the company said.

Power plant outages to push Meralco rates higher in February

MANILA ELECTRIC Co. (Meralco) expects electricity rates to rise in February in part because of the power plant outages in the latter part of January, which resulted in an increase in the power prices at the spot market, an official of the company said.

Meralco sales performance improved in 2018, says MVP

MANILA Electric Co. (Meralco) is likely to have performed better in 2018 than in the previous year, with 2019 further improving because of expectations of a stronger economic growth, its chairman said.

ERC orders Meralco, GNPower to stop charging Batangas firm

THE Energy Regulatory Commission (ERC) has ordered Manila Electric Co. (Meralco) and GNPower Ltd. Co. to cease and desist from “assessing, billing and collecting” from Batangas Paper Corp. (BPC) any distribution wheeling charges until their dispute is resolved.

Meralco consortium is low bidder for New Clark City power deal

A MANILA Electric Co.-led consortium offered the lowest power distribution rate for New Clark City, according to the Bases Conversion and Development Authority.

Setting the bar high in powering Filipino communities

It has only been over a year since former Department of Public Works and Highways (DPWH) Secretary Rogelio L. Singson took up the role...

Power rates to rise in Nov.

AFTER two straight months of decrease, power rates in November will rise by P0.1135 per kilowatt-hour (kWh) largely because of the higher charges from the wholesale electricity spot market, Manila Electric Co. (Meralco) said on Wednesday.

Meralco core profit up 11% in Q3

MANILA Electric Co. (Meralco) reported a core net income of P5.84 billion in the third quarter, up 11.2% year-on-year, but lower than the second quarter as revenues slowed in part because of the cooler temperature.

Meralco seeks 50 more years of corporate life

MANILA Electric Co. (Meralco) said on Thursday that it was set to file with the Securities and Exchange Commission (SEC) the amendments to the company’s articles of incorporation seeking to extend its corporate life by another 50 years.

Electricity rates drop this month

MANILA ELECTRIC Co. (Meralco) announced on Thursday a decrease in electricity rates for September by P0.1458 per kilowatt-hour (kWh) in what the distribution utility described as a relief amid rising fuel and food prices.

Meralco to lower power rates this month

Manila Electric Co. (Meralco) announced on Thursday, Sept. 6, a decrease in electricity rates for September by P0.1458 per kilowatt-hour (kWh) to P10.0732 per...

Meralco seeks to raise power generation cost

MANILA ELECTRIC CO. (Meralco) is asking the Energy Regulatory Commission (ERC) for provisional authority to adjust the price of electricity in its power supply agreement (PSA) with a plant in Pagbilao after the tax reform law raised the excise tax on coal.

Meralco seeks rate hike amid higher excise tax on coal

Manila Electric Co. (Meralco) is asking the Energy Regulatory Commission (ERC) for provisional authority to adjust the price of electricity in its power supply...

Meralco seeks ERC provisional approval of P21-B capex program

MANILA Electric Co. (Meralco) is asking provisional approval from the Energy Regulatory Commission (ERC) for its P21-billion capital expenditure program for 2019, the biggest component of which is the spending for the expansion of its advanced metering infrastructure.

Meralco power rates to rise this month

Manila Electric Co. (Meralco) has announced an increase in the overall electricity rates for August at P10.2190 per kilowatt-hour (kWh), or P0.0265 higher than...

Alternergy seeks ERC approval to connect wind farm to Meralco line

Alternergy Sembrano Wind Corp. (ASWC) is seeking regulatory approval to build a point-to-point transmission facility that will connect its 81-megawatt (MW) wind power plant...

Solar Philippines offers lower price for electricity to Meralco

SOLAR PHILIPPINES Tarlac Corp. has offered to sell electricity to Manila Electric Co. (Meralco) at P2.34 per kilowatt-hour (kWh), challenging a previous offer from a competitor at P2.98 per kWh in a move that could become the latest benchmark in pricing solar energy.

Solar Philippines challenges latest bid for Meralco’s power supply

Solar Philippines Tarlac Corp. has offered to sell electricity to Manila Electric Co. (Meralco) at P2.34 per kilowatt-hour (kWh), challenging a previous offer from...

Meralco core profit up 7% on energy sales rise

MANILA Electric Co. (Meralco) said core profit was P5.93 billion in the second quarter, up 7.4% year-on-year, as the country’s biggest power distribution utility posted higher energy sales during the period.

Meralco’s second-quarter profit gets boost from electricity sales

Manila Electric Co. (Meralco) reported a core net income of P5.93 billion in the second quarter, higher by 7.4% compared with the P5.52-billion profit...

Meralco seeks ERC approval to include local franchise tax in Biñan...

Manila Electric Co. (Meralco) has asked the Energy Regulatory Commission (ERC) to implement the new local franchise tax rate imposed by Biñan City in...

Meralco’s Clark unit seeks ERC approval for P258-M capex

Clark Electric Distribution Corp. (CEDC) is seeking approval from the Energy Regulatory Commission (ERC) for its capital expenditure program for 2018 amounting to around...

An M.V.P. at life

Manny V. Pangilinan is one of the biggest names in the Philippine business scene, whose initials stand for the most-sought after award in a...

Lighting the way to a sustainable future

Manuel V. Pangilinan was named chairman of the board of directors of the Manila Electric Company (Meralco) in 2012 — ushering in a new...

Meralco bills rising this month

ELECTRICITY CONSUMERS in Metro Manila and surrounding areas will pay more for their power use in July after two consecutive months of reduction, the Manila Electric Co. (Meralco) announced on Friday.

Meralco considers Isla Verde as site for 1st microgrid system

MANILA Electric Co. (Meralco) is looking at Isla Verde, an island in Batangas province within its franchise area, as a possible location for its first microgrid system, its president said.

Meralco looking at Isla Verde to set up first microgrid

Manila Electric Co. (Meralco) is looking at Isla Verde, an island within its franchise area, as its first venture in putting up a microgrid...

Meralco-First NatGas power supply deal gets ERC go signal

THE Energy Regulatory Commission (ERC) has granted Manila Electric Co. (Meralco) and First NatGas Power Corp. (FNPC) the authority to implement their power supply agreement (PSA) in an “interim relief” that sets certain conditions.

Meralco sees around 6.5% sales growth in first half

Electricity sales in June has eased because of the cool weather, tempering power sales growth for the first half to around 6.5%, the top...

Meralco bills to go down for a second month in June

MANILA Electric Co. (Meralco) has announced on Thursday a P0.1252 per kilowatt-hour (/kWh) reduction in the overall electricity rate for a typical household in June, marking the second straight month of decline.

Meralco rates to go down this month

Manila Electric Co. (Meralco) has announced on Thursday, June 7, a decrease of P0.1252 per kilowatt-hour (kWh) in the overall electricity rates for a...

ERC to dismiss power supply deals that fail submit ECC

The Energy Regulatory Commission (ERC) will dismiss applications for power supply agreements (PSA) between power generation companies and distribution utilities that fail to submit...

Cooperative group slams Meralco’s planned micro-grid expansion

ELECTRIC cooperatives have criticized a plan by distribution utility Manila Electric Co. (Meralco) to expand beyond its franchise area and build microgrids in communities that remain without access to electricity.

Meralco to build microgrids outside franchise area

MANILA ELECTRIC Co. (Meralco) plans to build microgrids outside its franchise area to serve communities that remain without access to electricity, its president said.

Meralco sees P18-billion annual capex

MANILA Electric Co. (Meralco) expects its capital expenditure for the next four-year regulatory period spanning mid-2019 to mid-2023 to track around the same amount as the previous period — at about P18 billion a year, its president said.

Meralco keeps capex steady for the next four years

Manila Electric Co. (Meralco) expects its capital expenditure for the next regulatory period spanning mid-2019 to mid-2023 to track around the same amount as the previous period, at around P18 billion a year, its president said.

Meralco, First Pacific weighing options for Singapore power plant

METRO PACIFIC Investments Corp. Chief Finance Officer David J. Nicol said the group is assessing options for a liquefied natural gas (LNG) power plant...

Meralco power rates to drop this month

Electricity rates in May will decrease to P0.5436 per kilowatt-hour (kWh) for a typical household largely because of a drop in the generation charge...

Meralco unsure of future energy mix

MANILA ELECTRIC Co. (Meralco) is unsure about the mix of its future energy sourcing, its chairman said, pointing to uncertainties including pricing and government...