MERALCO’s 9-month net income drops 39%
- October 27, 2020
The Manila Electric Company (MERALCO) reported a 38.6% decline in its net income in the first three quarters of 2020 compared to the same period last year. In a disclosure to the...
The Manila Electric Company (MERALCO) reported a 38.6% decline in its net income in the first three quarters of 2020 compared to the same period last year. In a disclosure to the...
Typhoon Quinta has damaged an estimated Php1,112,499.72 worth of power facilities, according to the National Electrification Administration (NEA). The NEA also reported that 35 electric cooperatives were affected, 12 of which have...
(2ND UPDATE) As of 4PM Monday, The National Grid Corporation of the Philippines (NGCP) has restored at least six transmission lines that were knocked down by Typhoon Quinta. The lines service five power distributors...
Regulators will be asking power distributors to hold off cutting the supply of unpaid customers until the end of the year. Energy Regulatory Commission (ERC) chairperson Agnes Devanadera said in a Senate...
Just four days after online classes have begun in public schools, the Manila Electric Company (MERALCO) announced an increase of Php0.12 per kilowatt hour. MERALCO’s latest rate increase ends five straight months...
The Manila Electric Company (MERALCO) is set to issue disconnection notices to regular customers who are unable to pay their dues by the end of its grace period on October 31, but...
The government has directed power companies to extend their grace periods and staggered payment schemes with the state of calamity due to the COVID-19 pandemic still in effect. In its advisory, the Department...