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Power rates expected to rise because of El Niño

DAVAO CITY (MindaNews / 17 January)—Expect possible increasing power rates throughout the year amid the anticipated El Niño phenomenon in the country, an official from the Department of Energy (DOE)-Mindanao said. Engr. Darwin P. Galang, DOE-Mindanao senior science research specialist, said the anticipated increasing power rates can be possibly El Niño-related, with 26 percent of […].....»»

Category: newsSource:  mindanewsRelated NewsJan 19th, 2024

Meralco cuts power rates in April

The Manila Electric Company will slash power rates in April, ending three consecutive months of rate hikes since the first quarter of 2024. .....»»

Category: newsSource:  bulatlatRelated NewsApr 8th, 2024

Meralco power rates expected to go down this month

Lower power rates may be expected this month due to lower generation and transmission charges, according to energy utility provider Manila Electric Co......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024

Meralco rates up in March billing

Energy utility provider Manila Electric Co. (Meralco) has increased electricity rates this March by P0.0229 per kilowatt-hour, marking the third increase this year. .....»»

Category: newsSource:  philstarRelated NewsMar 8th, 2024

Philippines FDI net inflows drop by 29.6 pct in October

MANILA, Jan. 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines declined year-on-year by 29.6 percent in October 2023 to 655 million U.S. dollars, the country's central bank said Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the latest figure brought the country's FDI net inflows from January to October 2023 to 6.5 billion dollars, a 17.5 percent decline from the same period.....»»

Category: newsSource:  manilanewsRelated NewsJan 12th, 2024

Power rates down by P0.37/kWh for Feb-Mar billing

High on love but low on power rates! Valentine’s Day for residential consumers of Visayan Electric is expected to be sweeter as electricity rates for the billing month of February-March will be P0.37/kWh lower compared to last month. This decrease, bringing the total rate down from last month’s P11.62/kWh to P11.25/kWh, is attributed to lower.....»»

Category: newsSource:  inquirerRelated NewsFeb 14th, 2024

2.4M Dabawenyos working as of Oct 2023

The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

Meralco expects lower power rates for April

Energy utility provider Manila Electric Co. is anticipating a decrease in overall household electricity rates for April, bringing potential relief to its customers......»»

Category: sportsSource:  abscbnRelated NewsApr 6th, 2024

Meralco expects lower power rates for April

Energy utility provider Manila Electric Co. is anticipating a decrease in overall household electricity rates for April, bringing potential relief to its customers......»»

Category: sportsSource:  abscbnRelated NewsApr 6th, 2024

Meralco power rates slightly up this month

Rates of Manila Electric Co. are up slightly at the start of 2024......»»

Category: newsSource:  philstarRelated NewsJan 11th, 2024

Landmark power joint venture to cost $3.3 billion

Energy powerhouses Meralco PowerGen Corp. (MGen), Aboitiz Power Corp. and San Miguel Global Power Holdings Corp. (SMGP) have forged a $3.3-billion deal to help boost the country’s energy security and make affordable power accessible to more consumers......»»

Category: financeSource:  philstarRelated NewsMar 4th, 2024

Meralco sustains power in PBA 3x3

Meralco turned to full power early to sweep its way to the quarterfinals of Leg 5 the PBA 3x3 Season 3 Third Conference yesterday at the Ayala Malls Manila Bay......»»

Category: sportsSource:  philstarRelated NewsJan 29th, 2024

Powering a greener future together: Meralco partners with McDonald’s on sustainability efforts

Meralco, the largest power distributor equipped with expertise in green initiatives, joined forces with McDonald’s to power the implementation of eco-friendly practices within its restaurant operations......»»

Category: newsSource:  philstarRelated NewsJan 23rd, 2024

One Meralco plants 125,000 mangroves on World Wetlands Day

One Meralco Foundation the social development arm of the Manila Electric Co. (Meralco), celebrates this year’s World Wetlands Day by planting and nurturing 125,000 native mangroves in Del Carmen in Siargao Islands, Surigao del Norte......»»

Category: newsSource:  philstarRelated NewsFeb 2nd, 2024

Meralco power rates slightly up anew in March

This would be the electricity concessionaire’s third consecutive power rate uptick this year. .....»»

Category: financeSource:  philstarRelated NewsMar 8th, 2024

Power rates to rise in February — Meralco

With the latest power rate hike, P115 will be the increase in the total electricity bill of a customer consuming 200 kilowatt-hour......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

Negros Occidental power rates increase in January

Negros Occidental power rates increase in January.....»»

Category: newsSource:  sunstarRelated NewsJan 25th, 2024

San Miguel, Meralco, Aboitiz Power to team up on P185-B LNG facility

Three of the country’s wealthiest and most influential players in the power industry will team up to develop an integrated liquefied natural gas power plant in Batangas......»»

Category: financeSource:  philstarRelated NewsMar 4th, 2024

Singil sa kuryente magtataas ngayong Pebrero, ayon sa Meralco

TATAAS nanaman ang singil sa kuryente ngayong Pebrero! Ayon sa power distributor na Manila Electric Co. (Meralco), asahan na madaragdagan ng P0.5738 kada kilowatt-hour (kWh) ang binabayarang kuryente. Ang ibig sabihin niyan, ang overall electricity rate ay papatak ng P11.9168 kada kWh ngayong buwan. Ang residential customers na kumukunsumo ng 200kWh kada buwan ay may.....»»

Category: newsSource:  inquirerRelated NewsFeb 10th, 2024

ANUNSYO: Ilang lugar sa Maynila magba-‘brownout’ sa Feb. 3, ayon sa Meralco

NAGLABAS ng abiso ang Manila Electric Company o Meralco, lalong-lalo na para sa kanilang customer sa Manila. Magkakaroon kasi ng scheduled power interruption o brownout sa ilang lugar sa Sabado, February 3. Ayon sa electric company, dahil ito sa isasagawa nilang maintenance activities katulad ng pole replacement at pagkabit ng lightning protection devices sa M......»»

Category: newsSource:  inquirerRelated NewsFeb 2nd, 2024