Tag: ERC

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Meralco says ERC rejects NASECORE bid to stall rate reset

Manila Electric Co. (Meralco) said its pending rate reset application before the Energy Regulatory Commission (ERC) will move forward after regulators denied a bid by consumer advocacy group National Association of Electricity Consumers for Reforms Inc. (NASECORE) to stall the proceedings.

 Meralco lowers May power rates slightly

The Manila Electric Co. (Meralco) announced a modest decrease of P0.0151 per kWh in electricity rates for May, bringing the typical household rate to P14.3345 per kWh, down from P14.3496 in April.

Maharlika consortium rolls out P2.1B microgrids nationwide 

A private consortium is ramping up rural electrification with a P2.1-billion investment to deploy one of the Philippines’ largest portfolios of off-grid microgrids, targeting underserved island communities.

ERC expands lifeline discounts for low-income power users

Low-income electricity consumers are set to get bigger relief on their power bills after regulators approved a new, uniform national lifeline subsidy.

ERC OKs Alternergy’s 500kV integration plan

Alternergy Holdings Corp. said the Energy Regulatory Commission (ERC) has approved the application of Alternergy Tanay Wind Corp. (ATWC) to integrate its 128-megaWatt Tanay...

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AMRO keeps Philippines growth forecast, cuts inflation outlook

The Philippines' near-term growth outlook remains subdued, but easing inflation could offer policymakers more room to support the economy as global headwinds begin to soften.

Senate President Gatchalian targets prices, power, jobs in agenda

Senate President Sherwin Gatchalian opened the 20th Congress with a legislative agenda aimed squarely at the issues weighing most heavily on Filipino households, signaling that the chamber intends to focus less on politics and more on the cost of living.

BPI launches Disney-themed event to introduce new savings account

The Bank of the Philippine Islands (BPI) is hosting a special two-day event titled “Discover the Magic of Saving: BPI Jumpstart” at the Glorietta Activity Center on August 1 and 2, inviting families, young dreamers, and Disney fans to experience learning about savings in a fun, engaging way. Open primarily to children aged 7 to 12 and extended to those up to 17 years old, the event serves as the official showcase for BPI’s new Jumpstart savings account, which blends practical banking features, financial education, and interactive digital elements.

Vivant retail arm signs 20-MW power deal with FDC Misamis

COREnergy, the retail electricity arm of Vivant Energy, has sealed a two-year power supply agreement with FDC Misamis Power Corp. for 20 megawatts of baseload power to serve contestable customers.

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