Tag: Meralco

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 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.

Meralco expands solar initiatives across facilities nationwide

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

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

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

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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Meralco August rates seen lower on ERC-approved refund

Manila Electric Co. (Meralco) announced Sunday that electricity rates in its service area will likely decrease this August, ahead of the official rate adjustment set to be released on August 10. The company said a newly approved refund from the Energy Regulatory Commission (ERC) will be enough to cover other upward adjustments in monthly bills.

SEC defends term limits for PSE broker-directors

The Securities and Exchange Commission (SEC) has stood by its decision to set term limits for broker-directors of the Philippine Stock Exchange (PSE). Under SEC Memorandum Circular No. 17, these directors may serve a maximum of 10 years in total at any exchange.

Fuel prices set for major rollback, offering much-needed relief to households and businesses

Ordinary consumers and business owners can look forward to substantial savings at the pump this week as local oil companies prepare to roll back pump prices for both gasoline and diesel by as much as P5.00 per liter. The upcoming reduction marks another consecutive week of price cuts, delivering direct financial relief to households managing tight budgets and enterprises battling heavy operating costs.

Gov’t revives P90B Parañaque spillway project to transform Laguna de Bay

The government is pushing forward the long-delayed Parañaque Spillway Project, a proposed P90-billion infrastructure initiative that aims to do more than just control flooding by turning Laguna de Bay into a more productive fishing ground and a reliable freshwater source for Metro Manila and nearby provinces.

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