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Lawmaker asks Meralco to extend installment payment scheme

DAYS after Manila Electric Co. (Meralco) started sending disconnection notices to power users, a senator has asked the electricity distributor to extend its installment scheme for consumers who are behind their monthly payments.

ERC orders Meralco to refund P1.4 billion in excess charges

THE Energy Regulatory Commission (ERC) on Tuesday ordered Manila Electric Co. (Meralco) to return P1.4 billion to its customers for over-collecting some charges in their monthly electricity bill.

PSE suspends Meralco’s trading of securities amid pending acquisition

THE LOCAL bourse on Monday suspended the trading of securities of Manila Electric Co. (Meralco), which earlier announced its unit Meralco PowerGen Corp.’s (MGen) intention to acquire 100% ownership of Global Business Power Corp. (GBP) as the distribution utility has yet to submit the requirements for the substantial acquisition.

Meralco unit to take full control of Global Business Power

A SUBSIDIARY of Manila Electric Co. (Meralco) will fully own one of the leading power producers outside Luzon after the latter's two biggest stakeholders signed a deal to transfer their respective holdings for around P34.47 billion.

No Meralco disconnection until Jan.

MANILA ELECTRIC Co. (Meralco) has extended the no-disconnection policy until end-January next year for consumers who could not settle their unpaid power bills, House Speaker Lord Allan Q. Velasco said on Sunday.

Power rates go down in December

HOUSEHOLDS in Metro Manila can expect to see a P7 reduction in their power bills this month, after Manila Electric Company (Meralco) on Wednesday announced a cut in overall rates due to lower demand in the Luzon grid.

Zaldarriaga appointed as Meralco VP

JOE R. Zaldarriaga, spokesperson and head of corporate communications at Manila Electric Co. (Meralco), has been promoted to the rank of vice president (VP), the company said.

Meralco, US firm offer solar storage systems

THE renewable energy arm of Manila Electric Co. (Meralco) has partnered with California-based supplier Enphase Energy, Inc. in distributing the latter’s micro inverter-based solar storage systems within the country, the US firm said on Monday.

Meralco rates drop in Nov.

TYPICAL HOUSEHOLDS can expect their monthly electricity bill to go down by P8 in November, after Manila Electric Co. (Meralco) announced a cut in overall rates due to a reduction in power generation charges.

Powering Valenzuela City’s increased COVID-19 response

Sustaining continued support to the government and private sector’s fight against COVID-19, Meralco energizes the new DPWH-sponsored Quarantine Facility housed at ArkongBato National High...

Nine power generators bidding to supply Meralco

NINE GENERATION companies have expressed their interest in bidding for supply contracts with Manila Electric Co. (Meralco) in 2024 and 2025, Meralco said.

Meralco’s third-quarter core profit down 16%

MANILA Electric Co. (Meralco) on Monday reported a core net income of P5.14 billion in the third quarter, down 16.3% from a year ago but milder than the fall it posted in the second quarter this year when its customer base was under a strict lockdown.

Consumers seek suspension of power disconnections

A CONSUMER group on Tuesday asked the government to halt power disconnections resulting from the non-payment of electric bills during the height of the lockdown. 

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.