Tag: Meralco

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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 & Mining 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 & Mining 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.

Meralco subsidiary launches 52.8 MW solar project in Isabela

Energy & Mining Context.ph Context.ph -
Meralco PowerGen Corp. renewable energy arm, MGEN Renewable Energy Inc. (MGreen), has successfully launched a 52.8-megawatt (MW) MGreen Cordon Solar power plant in Cordon, Isabela. This marks MGreen as one of the largest operational solar plants in the Cagayan Valley region under the Department of Energy's (DOE) second Green Energy Auction program.

Meralco renews 300 MW EPSA with Aboitiz

Energy & Mining Context.ph Context.ph -
The Manila Electric Co. (Meralco) has renewed its emergency power supply agreement (EPSA) with Aboitiz Power’s GNPower Dinginin Ltd. for the supply of 300...
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KinoFest 2026 German film festival debuts in Manila Oct 15–18

Education, Health & Science 0
Manila will host KinoFest 2026 — The German Film Festival for the first time October 15–18 at GH Ortigas Cinema, Greenhills Mall. This marks the event’s fifth edition, bringing free, first-come, first-served screenings to Filipino viewers.

Corruption, inflation drain P2.75T from economy

Economy 0
Corruption and inflation may have cost the Philippine economy an estimated P2.75 trillion over the 12 months to the second quarter of 2026, Senate President Sherwin Gatchalian said Thursday, as lawmakers launched an inquiry into the country’s slowing growth and weakening investment.

BSP concludes 2026 Financial Literacy Series in Legazpi, directing focus toward habits of youth and regulators 

Banking & Insurance 0
The Bangko Sentral ng Pilipinas (BSP) wrapped up its annual Economic and Financial Learning Program in Legazpi City this week, delivering two days of practical financial education to over 2,400 students and teachers while signaling a broader policy shift toward long-term behavioral change in financial inclusion.

₱9.7 billion activated to tackle El Niño threat, high fuel prices

Agriculture 0
The Department of Agriculture confirmed Thursday it may use P9.7 billion in Special Allotment Release Orders to support farmers and fisherfolk facing rising fuel prices and the expected severe effects of El Niño.

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