Tag: Meralco

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 Meralco lowers May power rates slightly

Energy & Mining Context.ph Context.ph -
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.

Meralco expands solar initiatives across facilities nationwide

Energy & Mining Context.ph Context.ph -
Manila Electric Co. (Meralco) has reaffirmed its commitment to sustainability, highlighting ongoing solar rooftop installations across its facilities as part of a broader energy efficiency and environmental strategy.

Meralco sells controlling stake in Bayad Center

Corporate Context.ph Context.ph -
Manila Electric Co., the country’s largest power distributor by sales, and its unit, Corporate Information Solutions Inc., have agreed to sell their combined stake in CIS Bayad Center Inc. to Kayana Solutions Inc., which currently holds a 10 percent stake in the outsourced electronics payments service provider.

Laiya residents seek Meralco help to bolster growth

Energy & Mining Context.ph Context.ph -
Residents of Laiya, a popular tourist draw in San Juan, a town at the edge of Batangas province, are calling on BATELEC II to allow Manila Electric Co. to assist in providing reliable electricity service to unlock the seaside community’s full economic potential.

Power giant Meralco braces for oil shock

Energy & Mining Context.ph Context.ph -
Manila Electric Co. chairman Manuel V. Pangilinan said the country’s largest power distributor is reviewing its fuel mix as tensions in the Middle East threaten to push electricity costs higher.
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SM Prime racks up accessibility awards as inclusive design gains prominence

Corporate Bulletins 0
SM Prime Holdings Inc. strengthened its position as one of the country's leading advocates of accessible infrastructure after receiving 14 distinctions at the 31st Apolinario Mabini Awards, reflecting the growing importance of inclusive design in Philippine real estate.

Transport groups call off planned strike after DOTr unveils relief package

Transport & Logistics 0
Several transport groups announced Thursday they are canceling their planned transport holiday next week, following the Department of Transportation (DOTr)’s launch of a financial aid and incentive package meant to ease the impact of high fuel prices on public utility vehicle (PUV) drivers and operators.

URC 1H net income rises 10% on strong 2Q recovery

Corporate 0
Universal Robina Corp. (URC), the food business of the Gokongwei group, reported Thursday that its net income for the first half ending June reached P6.91 billion, a 10 percent increase from the P6.27 billion recorded in the same period last year. Total revenues for the six-month period also rose 4 percent to P89.33 billion from P85.88 billion a year earlier.

Spot power prices drop 13% in July, lower utility bills expected 

Energy & Mining 0
Electricity prices at the Wholesale Electricity Spot Market (WESM) fell by 13.1 percent nationwide in July, driven by lower overall demand across the country. According to data released by the Independent Electricity Market Operator of the Philippines (IEMOP) during an online briefing, the national spot price dropped to an averaged P8.31 per kilowatt-hour (kWh) as of July 25, down from P9.56 per kWh in June.

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