Ayala-led ACEN Corporation has recorded a Php 13.1 billion net income in 2022, a massive jump from the Php 5.3 billion profit made in the previous year. “This included ₱8.6 billion of...
The Manila Electric Co. (MERALCO) will be implementing a staggered increase in its generation charges in the next two months to cushion its impact on consumers. MERALCO said that its total rates...
Updated (March 7) – Customers within the Manila Electric Co. (MERALCO) franchise area can expect an increase in the March billing following forecasts of higher generation charges due to the Malampaya maintenance...
Updated (March 7) – GNPower Dinginin Ltd. Co. (GNPD), a joint venture of Aboitiz Power Corp. and the Ayala group, is supplying 300 megawatta (MW) capacity to the Manila Electric Co. (MERALCO)...
The Energy Regulatory Commission (ERC) is reviewing the appeal of generation companies (gencos) on the possibility of an increase in the secondary price cap (SPC) of the Wholesale Electricity Spot Market (WESM). ...
The Manila Electric Co. (MERALCO) has announced a Php 0.0106 per kilowatt-hour (kWh) decrease in its February electricity bills, bringing the overall rate down to Php 10.8895/kWh from last month’s Php 10.9001/kWh. ...
The scheduled Malampaya gas repricing of the contracted power capacity being delivered to the Manila Electric Co. (MERALCO) may temper its projected increase in electricity bills for the month of February. In...
After many delays, the Wholesale Electricity Spot Market (WESM) in Mindanao finally commenced commercial operations on Thursday. According to the Independent Electricity Market Operator Philippines (IEMOP), “commercial operations of WESM in Mindanao...
The Aboitiz Power Corporation has confirmed the expiration of its 300-megawatt (MW) emergency power supply agreement (ePSA) with the Manila Electric Co. (MERALCO) on Wednesday, January 25. The PSA, involves 300 MW...
The Manila Electric Co. (MERALCO) has announced a Php0.6232 per kilowatt-hour (kwh) increase in electricity rates for the month of January. This is equivalent to a Php 125 increase in a residential...
