Tag: Meralco

Meralco conducts annual stockholders’ meeting

PASIG City, Philippines, May 27 (Eagle News) — The Manila Electric Company (Meralco) conducted its post-annual stockholders’ meeting wherein it discussed plans on how to solve the power crisis as well as its preparations in case a strong earthquake hits Metro Manila. (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos)

Electricity rates to increase this month

Power rates are due to increase this month because of the increase in electricity rates in the wholesale electricity spot market (WESM). The Manila Electric Company also confirmed that the generation charge will increase.  The rate of increase will be announced on Monday. In Luzon, power consumption has also increased with the start of the summer season. The Department of Energy, in the meantime, called on the public to save on electricity.

Expect lower electric bills in September

  Good news for electric consumers.  The Manila Electric Company has announced that the electric bills will go down P0.58 per kilowatt-hour (kWh) this month on lower generation and transmission charges resulting in lower electric bills in September. Generation charge went down to P5.19 per kWh which is its lowest level in 2014 to-date.  Last month, the rate was P5.63 per kWh.  The reason for the decrease in generation charge is the availability and reliability […]