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Power rate hike looms in Aklan

Power rates in Aklan are projected to increase as the province’s lone electric cooperative is expected to pass on to consumers its losses that will result from the looming Boracay closure, officials said yesterday......»»

Category: newsSource: philstar philstarApr 16th, 2018

Power rate hike looms due to tax reform law

A POWER SUPPLIER based in Iloilo City said electricity rates are expected to spike by February or March 2018 following the imposition of higher excise tax on coal and diesel. The Tax Reform for Acceleration and Inclusion (TRAIN), which took effect January 2018, imposes a P50 excise tax on every metric ton of coal and […] The post Power rate hike looms due to tax reform law appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 11th, 2018

Power rate hike looms as Malampaya schedules maintenance shutdown

Power rate hike looms as Malampaya schedules maintenance shutdown.....»»

Category: newsSource:  bulatlatRelated NewsDec 23rd, 2016

Power rate hike looms

State-owned Power Sector Assets and Liabilities Management Corp. (PSALM) said that consumers may have to brace for P0.28 per.....»»

Category: newsSource:  mb.com.phRelated NewsJul 31st, 2016

Food, fuel costs push up inflation

Higher food, fuel and transport costs pushed inflation nationwide to 5.7 percent last month, the fastest rise in over five years, the government said on Tuesday. Surging inflation reduced a family's purchasing power of P10,000 last year to only P9,430 last month. In Metro Manila, prices of basic goods and services rose further to 6.5 percent, up from 5.8 percent in June and 2.9 percent in July last year. Inflation in July nationwide marked the fifth straight month the rate has breached the central bank's 2-4 percent target for this year and next, leading some analysts to believe policymakers would deliver a rate hike as much as 50 basis points on Thursday. The inflation r...Keep on reading: Food, fuel costs push up inflation.....»»

Category: newsSource:  inquirerRelated NewsAug 8th, 2018

Slight power rate hike this month

THE Manila Electric Company (Meralco) yesterday announced a slight increase of P.0265 per kilowatt in power rates this month. For a typical household consuming 200 kWh, this will mean an adjustment of around P5 in their total bill while higher PSA charges bring up the generation charge. From P5.2651 per….....»»

Category: newsSource:  journalRelated NewsAug 7th, 2018

Power rate hike awaits Meralco customers in July

CUSTOMERS of Manila Electric Co. (Meralco) will see an increase in electricity rates this month as the country’s largest power distributor announced a P0.3136 per kilowatt-hour (kWh) rate hike for the July billing cycle. In June, Meralco cut its rates by P0.1252 per kWh. In a statement on Friday, Meralco said it was adjusting the power… link: Power rate hike awaits Meralco customers in July.....»»

Category: newsSource:  manilainformerRelated NewsJul 6th, 2018

Power rate hike awaits Meralco customers in July

CUSTOMERS of Manila Electric Co. (Meralco) will see an increase in electricity rates this month as the country’s largest power distributor announced a P0.3136 per kilowatt-hour (kWh) rate hike for the July billing cycle. In June, Meralco cut its rates by P0.1252 per kWh. In a statement on Friday, Meralco said it was adjusting the power [...] The post Power rate hike awaits Meralco customers in July appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 6th, 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

MIWD rate hike likely to be approved – LWUA

The petition for rate increase filed by Metro Iloilo Water District (MIWD) will most likely be approved, according to the Local Water Utilities Administration (LWUA). “The probability of it being approved is almost (100 (percent),” LWUA administrator Jeci Lapus told Iloilo journalists. Lapus said they will base their approval on power and oil price hikes […] The post MIWD rate hike likely to be approved – LWUA appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsMar 22nd, 2018

Meralco rates highest in asia

AN enraged consumer group has slammed the new power rate hike of the Manila Electric Company (Meralco) for March and April. Alyansa Para sa Bagong Pilipinas Secretary General Aya Jallorina said Meralco could not hide its abuse and opportunism anymore since its power rate is the highest in Asia. Meralco….....»»

Category: newsSource:  journalRelated NewsMar 17th, 2018

Meralco to hike rates by P1.08/kWh in Feb

AFTER two consecutive months of declines, electricity rates will go up by P1.08 per kilowatt hour (kWh) this February to account for higher generation charges, listed power distribution utility Manila Electric Co. (Meralco) said. But Meralco stressed on Thursday the power rate hike “will not be implemented in full, in the interest of consumer welfare.” The power firm [...] The post Meralco to hike rates by P1.08/kWh in Feb appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 8th, 2018

2 NegOcc electric coops to hike January rates

BACOLOD City – Two electric cooperatives in Negros Occidental increased their power rates while another reported a rate reduction for the month of January. The Central Negros Electric Cooperative (Ceneco), which serves the largest number of consumers in the province, implemented the highest increase at P0.84 per kilowatt hour (kWh). From PHP10.03/kWh, consumers in the […] The post 2 NegOcc electric coops to hike January rates appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 21st, 2018

Meralco told to explain TRAIN rate hike

Meralco is being demanded to provide an all-inclusive explanation on its calculated P0.08 per kWh rate hike attributable to tax rates prescribed under the TRAIN Act. #BeFullyInformed Meralco told to explain TRAIN rate hike Power utility giant Manila Electric Company (Meralco) is being demanded to provide an all-inclusive explanation on its calculated P0.08 per kilowatt… link: Meralco told to explain TRAIN rate hike.....»»

Category: newsSource:  manilainformerRelated NewsJan 12th, 2018

Meralco bares rate hike from tax reform

THE Manila Electric Co. (Meralco) expects an 8-centavo increase in electricity cost per kilowatt-hour (/kWh) this year with the application of new taxes on coal, oil and power transmission, a company official said yesterday, adding that part of the increment will be implemented in phases. “Total is 8 centavos,” Lawrence S. Fernandez, Meralco vice-president and […] The post Meralco bares rate hike from tax reform appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 9th, 2018

Interest rate hike looms by yearend

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may hike key policy rates before the year ends and then again in 2018 on the back of inflationary.....»»

Category: financeSource:  philstarRelated NewsSep 28th, 2017

Maynilad rate hike looms

MANILA, Philippines —  Consumers of west zone concessionaire Maynilad Water Services Inc.  are expected to see an increase in their billings after the compan.....»»

Category: financeSource:  philstarRelated NewsSep 14th, 2017

Poll bares expectation of muted June inflation; rate hike view &'145;diminishing'

INFLATION likely eased in June on the back of lower oil and power rates, analysts said in a BusinessWorld poll, with some noting that chances the central bank will raise interest rates this year are “diminishing.”.....»»

Category: newsSource:  bworldonlineRelated NewsJul 2nd, 2017

BSP rate hike looms in March

MANILA, Philippines - Investment banks see the Bangko Sentral ng Pilipinas (BSP) shifting the country’s policy stance to ‘hawkish’ from ‘dovish’ with a 25 ba.....»»

Category: financeSource:  philstarRelated NewsFeb 18th, 2017

Staggered payments for power rate hike

MANILA, Philippines - Manila Electric Co......»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2017

Meralco seeks staggered rate hike

Power retailer Manila Electric Co. asked the approval of the Energy Regulatory Commission for a rate hike of P0.92 per kilowatt-hour that will be implemented in three months starting March......»»

Category: financeSource:  thestandardRelated NewsFeb 9th, 2017