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Meralco needs 350 MW of supply

Meralco needs 350 MW of supply.....»»

Category: financeSource: thestandard thestandardDec 6th, 2018

Meralco bills rise for 2nd month

MANILA Electric Co. (Meralco) announced on Monday a P0.0902 per kilowatt-hour (kWh) hike in December’s overall electricity rate to P10.1803/kWh, marking the second straight month of increase, citing a rise in generation charge from power supply contracts......»»

Category: financeSource:  bworldonlineRelated NewsDec 10th, 2018

Atimonan project costs rise by P15B due to PSA approval delay

MERALCO Powergen Corp. (MGen) said the continuing delay in the approval of the power supply contract for its Atimonan coal-fired power plant had jacked up the project’s cost by P15 billion......»»

Category: financeSource:  bworldonlineRelated NewsDec 9th, 2018

Meralco needs 350 MW of supply

Meralco needs 350 MW of supply.....»»

Category: financeSource:  thestandardRelated NewsDec 6th, 2018

Power demand seen to surge in 2019

he Manila Electric Co. (Meralco) is eyeing an additional 300 to 350 megawatts (MW) of power supply next year in anticipation of higher demand in its franchise area during the summer months......»»

Category: financeSource:  philstarRelated NewsDec 6th, 2018

CA to hear petition vs Meralcos power supply deals Manila Bulletin News

The Court of Appeals (CA) has decided to hear the petition challenging the alleged questionable deals made by the Manila Electric Company (Meralco)......»»

Category: newsSource:  manilanewsRelated NewsDec 5th, 2018

CA reconsiders order on intervention petitions on Meralco PSAs; favors consumer

The Court of Appeals has reconsidered its earlier resolution denying the petition of consumer advocate Romeo L. Junia for review of an Energy Regulatory Commission (ERC) decision favoring Meralco and ordered the giant utility to file its comment on the order within 10 days from receipt. Junia is a consumer intervener opposing approval of seven Meralco power supply agreements allegedly filed after the ERC's Competitive Selection Process deadline and above market price. The CA had earlier denied his petition for review in February this year. In the November 15, 2018 order, however, the Court said: "After a careful review of the arguments, we shall allow the instant motion (for recons...Keep on reading: CA reconsiders order on intervention petitions on Meralco PSAs; favors consumer.....»»

Category: newsSource:  inquirerRelated NewsNov 28th, 2018

Meralco subsidiary upbeat on Atimonan power supply deal

Meralco subsidiary upbeat on Atimonan power supply deal.....»»

Category: financeSource:  thestandardRelated NewsNov 9th, 2018

Meralco shortlisted for New Clark City power supply

Manila Electric Co. (Meralco) has been shortlisted to provide power distribution services in New Clark City in Tarlac......»»

Category: financeSource:  philstarRelated NewsOct 19th, 2018

Meralco unit warns of tight power supply

Meralco unit warns of tight power supply.....»»

Category: financeSource:  thestandardRelated NewsSep 12th, 2018

Central bank flags even faster August inflation

‘Higher price of rice and key food items due to weather disturbances and supply disruptions, increase in gasoline and LPG prices, and slight upward adjustment in electricity rates in Meralco-serviced areas contributed to upward price pressures in August.’ — Bangko Sentral ng Pilipinas By Melissa Luz T. Lopez, Senior Reporter THE OVERALL INCREASE in prices… link: Central bank flags even faster August inflation.....»»

Category: newsSource:  manilainformerRelated NewsAug 31st, 2018

Solar Philippines offers P2.34 per kwh rate to Meralco for 50 MW of solar supply

Solar Philippines has offered Manila Electric Co. a rate of P2.34 per kilowatt-hour for 50 megawatts of solar supply – considered to be the lowest rate in Southeast Asia......»»

Category: financeSource:  philstarRelated NewsAug 1st, 2018

Meralco, AboitizPower seek hike in power rates

Manila Electric Co. and Aboitiz Power Corp. are seeking to raise power rates under an existing power supply agreement due to higher excise tax on coal under the Tax Reform for Acceleration and Inclusion Act......»»

Category: financeSource:  philstarRelated NewsJul 23rd, 2018

Meralco expects higher generation charge for July

Manila Electric Co. expects an increase in generation charge this month due to tight power supply from the previous month and the further depreciation of the peso......»»

Category: financeSource:  philstarRelated NewsJul 3rd, 2018

ERC clears Meralco, FGen PSA

The Energy Regulatory Commission granted interim relief to Manila Electric Co. and a unit of Lopez-led First Gen Corp. to implement their six-year power supply deal......»»

Category: financeSource:  philstarRelated NewsJul 2nd, 2018

ERC told inaction on questioned power deals means graft

Bayan Muna Rep. Carlos Isagani Zarate warned Energy Regulatory Commission (ERC) Chair Agnes Devanadera against inaction on seven power supply agreements (PSAs) pending at the agency but which militant legislators questioned for not going through public bidding. Zarate said Devanadera should subject the controversial deals, which are being linked to Manila Electric Co. (Meralco), to a competitive selection process (CSP) in accordance with the findings and recommendation of the House committees on energy and on good government and public accountability. Test "We are waiting for action on the anomalous power supply agreements," Zarate told reporters. "Maybe the only thing that D...Keep on reading: ERC told inaction on questioned power deals means graft.....»»

Category: newsSource:  inquirerRelated NewsJul 1st, 2018

Energy body asked to dismiss, not defer, power supply deals without ECC

A consumer group has asked the Energy Regulatory Commission (ERC) to dismiss three power supply agreements filed by the Manila Electric Company (Meralco) in April 2016 allegedly because these deals.....»»

Category: newsSource:  philippinetimesRelated NewsJun 9th, 2018

ERC to dismiss 3 power supply agreements of Meralco

The Energy Regulatory Commission (ERC) will have to dismiss three of the power supply agreements (PSAs) of Manila Electric Co. (Meralco) unless environmental compliance certificates (ECCs) are secured within the month, its top official said......»»

Category: financeSource:  philstarRelated NewsJun 4th, 2018

P1.55/kWh power rate hike seen in supply deals

A P1.55-per-kilowatt-hour (kWh) increase in electricity rates will greet customers of power distributor Manila Electric Co. (Meralco) under deals awarded to its own sister companies, subsidiaries and affiliates without bidding, a lawmaker warned on Friday. The power rate increase will further burden consumers who are already reeling from the inflationary effects of the Tax Reform for Acceleration and Inclusion (TRAIN) law, the lawmaker said. In a statement, Bayan Muna Rep. Carlos Isagani Zarate said escalating electricity costs debunked Meralco's claim that it contracted the least cost of electricity through power supply agreements. Zarate said "power rates under these sweethear...Keep on reading: P1.55/kWh power rate hike seen in supply deals.....»»

Category: newsSource:  inquirerRelated NewsMay 26th, 2018

Meralco contracted only 50MW more power till June

THE Manila Electric Co. (Meralco) has contracted 'less than 50 megawatts [MW]' of additional power-generation capacity up to June this year. 'We contracted interim power-supply agree.....»»

Category: newsSource:  manilanewsRelated NewsMay 15th, 2018

Meralco secures additional 50 MW power supply

Manila Electric Co. has secured additional power supply of around 50 megawatts to cover the expected spike in power demand in its franchise area during the hot season, its top official said......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2018