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Monday, 05 May 2025, 1:06 am

Tag: Meralco

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MVP, Salceda say new Meralco franchise to power growth, spur investments

Corporate Context.ph Context.ph -
Business tycoon Manuel V. Pangilinan and Bicol Rep. Joey Salceda on Monday said President Ferdinand Marcos Jr. decision to renew the franchise of Manila Electric Co. (Meralco) will drive the country’s future growth, spur investments and create more jobs.

DOE presses Meralco on full compliance with power supply deal

Energy Context.ph Context.ph -
The Department of Energy (DOE) is urging Manila Electric Co. (Meralco) to strictly comply with all provisions of its power supply agreements (PSAs), particularly the 1,200-megawatt deal with Excellent Energy Resources Inc. (EERI), amid delays in the latter’s plant commissioning and fuel supply readiness.

SP New Energy appoints seasoned audit chief

Corporate Context.ph Context.ph -
SP New Energy Corp., the renewable energy subsidiary of MGen Renewable Energy Inc., has named Anthony Vergel Velasco as its new chief audit executive, strengthening its governance framework as it scales up its clean energy portfolio.

Meralco sales slowing in 2025 amid changing weather patterns

Energy Context.ph Context.ph -
The Manila Electric Co. (Meralco) has revised its power sales forecast this year to only 4.6 percent, signaling a weaker performance versus the previous year. The revised projection comes following an exceptional spike in demand due to the effects of El Niño in 2024, which is unlikely to repeat this year.

ERC grants Meralco provisional authority for P19.95-B refund scheme

Energy Context.ph Context.ph -
The Energy Regulatory Commission (ERC) has granted Manila Electric Co. (Meralco) provisional authority to implement a refund scheme amounting to P19.95 billion, covering an over-recovery of rates from 1 July 2022, to 31 December 2024. The scheme will be executed over 36 months, with refunds starting in the next billing cycle.
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ERC greenlights ancillary services deals bolstering grid stability

Energy 0
The Energy Regulatory Commission (ERC) has approved nine ancillary services procurement agreements (ASPAs) between the National Grid Corporation of the Philippines (NGCP) and several major power producers— a move expected to enhance grid stability and spur investment confidence in the country’s energy sector.

NNIC chief pledges aid to victims of NAIA Terminal 1 crash

Transport & Communications 0
New NAIA Infra Corp. (NNIC) president Ramon S. Ang has extended immediate support to the victims of the vehicular accident that took place earlier today at the departure level of Ninoy Aquino International Airport (NAIA) Terminal 1, committing to shoulder medical expenses and provide financial assistance to the affected families.

Chinabank considers divesting Taguig property acquired from Dennis Uy

Corporate 0
China Banking Corp. (Chinabank) is preparing to sell a prime 14-hectare property in Taguig City recently acquired from Chelsea Logistics and Infrastructure Holdings Corp., a firm led by Davao-based businessman Dennis Uy.

Inflation could fall to 1.3% in April, raising prospects for rate cuts

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Inflation data, due to come out on Monday, is projected to ease further in April 2025, with the Bangko Sentral ng Pilipinas (BSP) forecasting a possible low of 1.3 percent, marking a continuation of the disinflation trend and strengthening the case for monetary easing later this year.

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Banking & Insurance

ADB expands food security funding to $40B, citing economic and climate pressures

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The Asian Development Bank (ADB) has significantly increased its commitment to food and nutrition security across Asia and the Pacific, announcing an additional USD26 billion in support through 2030. This brings the institution’s total food security funding to USD40 billion over the 2022–2030 period.
Energy

ERC greenlights ancillary services deals bolstering grid stability

0
The Energy Regulatory Commission (ERC) has approved nine ancillary services procurement agreements (ASPAs) between the National Grid Corporation of the Philippines (NGCP) and several major power producers— a move expected to enhance grid stability and spur investment confidence in the country’s energy sector.
Transport & Communications

NNIC chief pledges aid to victims of NAIA Terminal 1 crash

0
New NAIA Infra Corp. (NNIC) president Ramon S. Ang has extended immediate support to the victims of the vehicular accident that took place earlier today at the departure level of Ninoy Aquino International Airport (NAIA) Terminal 1, committing to shoulder medical expenses and provide financial assistance to the affected families.
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