Despite an earlier projection of a rate hike, several cost-offsetting measures ultimately pulled down the electricity tariff of Manila Electric Company (Meralco) by a marginal P0.2087 per kilowatt hour (kWh) for the August billing cycle.
As noted by Meralco Vice President Lawrence S. Fernandez
With the repricing of fuel supply from the Malampaya gas field, power utility giant Manila Electric Company (Meralco) is expecting upward adjustment in the electric bills to their customers in this August billing cycle.
According to Meralco, while all billings from its power suppliers are stil
SC ruling to hike Meralco rates by over P4/kWh By MYRNA M. VELASCO The recent ruling of the Supreme Court upholding the pass-on of suspended charges during the 2013 shutdown of the Malampaya gas production facility, that aggravated simultaneous shutdowns of power plants, will trigger a rate hik
The falling value of the Philippine peso versus the US dollar is seen driving up the electric bills of Manila Electric Company (Meralco) customers in their July billing. Meralco Vice President Lawrence S. Fernandez noted that the fluctuation in the foreign exchange (forex) rate could adversely i
The forced outage of the 668-megawatt Dinginin coal-fired plant, a joint venture of the Ayala-Aboitiz group, has caused short-term electricity service disruption or brownout to more than 450,000 customers of Manila Electric Company (Meralco) in Manila and adjacent provinces on Wednesday. Accordi