The Manila Electric Company (Meralco) on Wednesday announced a rollback in its electricity rate for May, snapping a two-month trend of upward adjustments, thanks to the Energy Regulatory Commission’s (ERC) order for the power distributor to refund around P7.8 billion in excess collections.
Meralco rates down in May due to P7 8B refund philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
Rates of Manila Electric Co. decreased by P0.12 per kilowatt-hour this month – reversing the anticipated increase in tariff – thanks to the P7.8-billion refund ordered by the Energy Regulatory Commission.
Power utility giant Manila Electric Company (Meralco) will be undertaking fresh round of competitive selection process (CSP) to auction power supply agreements (PSAs) covering 1,100 megawatts for its baseload and mid-merit power requirements. Atty. Jose Ronald Valles, first vice president and re
THE Manila Electric Co. (Meralco) wants the power supply agreement (PSA) for the proposed 180megawatts (MW) of baseload supply to be valid for five months since the Competitive Selection Process (CSP) has yet to commence. The utility firm’s proposed 180MW CSP runs from May 26 to July 25 this year.…