Manila Electric Company - updates

Rappler's latest stories on Manila Electric Company


LIVE: House hearing on the spike in electricity bills

May 27, 2020 - 12:23 PM

Watch the hearing live on Rappler

Meralco to refund P47 fee for online payments, says sorry

May 21, 2020 - 5:30 PM

Meralco tells the Department of Energy it will be 'more sensitive in the future,' as it draws flak for charging a convenience fee during the enhanced community quarantine

DOE orders Meralco to explain P47 fee for paying bills online

May 19, 2020 - 3:55 PM

'Parang hindi po naging convenience ito, parang naging pabigat sa bulsa,' says Energy Secretary Alfonso Cusi

Makabayan lawmakers seek probe into sudden spike in Meralco bills

May 19, 2020 - 12:15 PM

The legislators say the high electricity bills 'added more anxiety to many' as the country continues to grapple with the COVID-19 pandemic

POWER IN THE METRO. Meralco linemen fix the power line after an electric spark was reported in Mandaluyong City on May 10, 2020. File photo by Rob Reyes/Rappler

Jump in power bills shocks consumers, Meralco defends rates

May 15, 2020 - 5:45 PM

A consumer rights group finds it unbelievable that electricity consumption would increase 3 or 4 times in just a month, but Meralco says May bills were based on 'true and actual readings'

Groups seek P29-billion refund for Meralco consumers

Jan 26, 2020 - 4:20 PM

Congress should investigate how the power distributor 'overcharged' customers from 2013 to 2018, say Bayan Muna and the Matuwid na Singil sa Kuryente Consumers Alliance

BLOATED RATES? Groups have questioned Meralco's computation of consumers' monthly electricity bills. This photo taken on January 24, 2019, shows protesters rallying against the use of coal to produce energy. File photo by Gerard Carreon

U.S. aid agency slashes $190 million in compact funding to Ghana

Dec 31, 2019 - 6:21 PM

This comes after the termination of a Meralco-led consortium which was supposed to take over electricity distribution in the West African country

NGCP, Meralco: Measures in place for power supply during elections

May 09, 2019 - 6:25 PM

The National Grid Corporation of the Philippines says it is ready to ensure 'reliable power transmission services before, during, and after the election date.' Meralco also has contingency plans.

A lineman fixes the current connections along Mendez Road, in Barangay Baesa, Quezon City on May 2, 2019. Photo by Darren Langit/Rappler

Meralco hikes power rates for April

Apr 08, 2019 - 1:30 PM

Meralco encourages consumers to conserve energy this summer

LIST: Power interruptions due to Meralco maintenance in March 2019

Mar 18, 2019 - 3:25 PM

Here are the areas with scheduled power interruptions due to maintenance work of the Manila Electric Company

Electricity meters in Barangay Bagumbayan South in Navotas City on August 2, 2017

Meralco hikes power rates in February

Feb 08, 2019 - 2:13 PM

A typical household consuming 200 kWh will be shelling out an additional P114 for electricity

Meralco lowers January power rates

Jan 08, 2019 - 5:48 PM

A typical household consuming 200 kilowatts per hour in a month will be able to save around P68

SC to power firms: Heed requirements before disconnecting users

Jul 15, 2018 - 5:01 PM

'The serious consequences on a consumer, whose electric supply has been cut off, behoove a distribution utility to strictly comply with the legal requisites before disconnection may be done,' says the Supreme Court

NO CHARGE. The Supreme Court rules electric companies must strictly comply with legal requirements before charging or disconnecting customers. Supreme Court photo by LeAnne Jazul/Rappler, Electric meter photo from Shutterstock, Billing photo from Meralco

Ombudsman again suspends ERC commissioners

Jun 17, 2018 - 4:35 PM

The Energy Regulatory Commission questions the basis for the suspension and seeks a temporary restraining order from the Court of Appeals

Meralco a step closer to bagging Ghana power deal

Apr 22, 2018 - 11:05 PM

Meralco is expected to operate and manage Electricity Company of Ghana Limited, which supplies 80% of the population of Ghana

First NatGas to supply Meralco's 24/7 power

Mar 12, 2018 - 7:05 PM

Solar Philippines loses the bid to First NatGas

Metro Pacific net income rises by 15% in 2017

Mar 01, 2018 - 6:45 PM

The increase to P13.2 billion in 2017, from P11.5 billion in 2016, is largely due to Meralco and Global Business Power

Higher electricity sales boost Meralco's income in 2017

Feb 26, 2018 - 5:15 PM

The utility firm says 2017 proved to be a good year on the commercial, operating, and financial fronts

Solar Philippines challenges bid for Meralco's 24/7 power supply

Jan 28, 2018 - 11:45 PM

Solar Philippines submits an offer for Meralco's 24/7 power supply at P2.99 per kilowatt hour, in response to an invitation for a price challenge of an unsolicited proposal by First NatGas

'LOWER COST.' Solar Philippines offers to use battery storage and solar energy for cleaner, 'lower cost' supply than gas. File photo

Higher electricity bills likely starting February due to tax reform

Jan 09, 2018 - 5:35 PM

Meralco, the country's largest power distributor, estimates an additional charge of 8 centavos per kilowatt hour (kWh)

Meralco unit asks ERC to approve power supply agreements soon

Oct 30, 2017 - 1:00 AM

Newly-appointed MGen chief Rogelio Singson says the agreements should be approved as soon as possible so the needed baseload power would not be delayed

Meralco to bid alone for AES' coal plant in Zambales

Oct 03, 2017 - 4:55 PM

Meralco won't have a partner when it bids for a controlling stake in the facility. It'll likely compete with San Miguel and Aboitiz Power.

LONE WOLF. US electricity giant AES Corporation is selling its entire 51% interest in the Masinloc power facility, which it bought from the Philippine government for $930 million in 2008. Meralco will bid alone. File photo

Singson leaves Light Rail Manila, moves to Meralco

Sep 25, 2017 - 5:15 PM

A source privy to the matter says Primitivo Cal is set to replace Singson as the president and chief executive officer of Light Rail Manila

NEW MPIC APPOINTMENT. Rogelio Singson (R) says he will now be engaged in 'new business models like solar, renewable power generators, electric vehicles, and electric mass transport system.' In the photo are Singson and Metro Pacific boss Manuel Pangilinan (L). Photo by Martin San Diego/Rappler

Top 10 companies 'Filipinos want to work for' in 2017

Aug 30, 2017 - 3:40 PM

Jobstreet asks 3 658 Filipinos which company they want to work for Here are the top 10

TOP EMPLOYER. In the latest survey, Meralco ranks best in job security, in work-life balance, and in benefits. Rappler graphic by Emil Mercado

LOOK: First half core profit of Meralco and AboitizPower

Aug 04, 2017 - 7:33 PM

Meralco s core net income slightly declines to P10 1 billion in the first half of 2017 while that of AboitizPower slightly increases to P10 5 billion

DRIVERS. Meralco's core net income declines due to lower retail revenues while AboitizPower's core net income increases on the back of new power plants. File photo

Slight increase in power rates in July – Meralco

Jul 07, 2017 - 7:05 PM

A typical residential household consuming 200kWh will have to pay P15 more in July

Meralco denies 'midnight deals' with ERC on 7 coal power plants

Jul 04, 2017 - 5:45 PM

Meralco first vice president Ivanna de la Peña says talks for power supply agreements on 7 coal fired power plants started as early as 2012

'NO MIDNIGHT DEALS.' Meralco 1st vice president Ivanna dela Pena faces lawmakers in a hearing on July 4. Photo by Mara Cepeda/Rappler

ERC urged to reject Meralco's 7 coal power plants

Jul 02, 2017 - 9:25 PM

Civil society groups say the approval of Meralco s power supply agreements would lead to 3 551 megawatts of coal entering the pipeline

Civil society groups march to the Energy Regulatory Commission office to protest Meralco's application for coal plants across the country. Photo by Chrisee Dela Paz/Rappler

8 Philippine companies among world's largest listed firms

May 25, 2017 - 8:00 PM

SMIC BDO JG Summit Ayala Top Frontier Metrobank Aboitiz and Meralco – with a combined market value of 72 4 billion – make it to Forbes 2017 Global 2000 list

LISTED. 8 Philippine companies were included in the Forbes' list of 2000 largest public companies in 2017.

Meralco's profit flat due to impact of temperature, currency, inflation

Apr 24, 2017 - 9:01 PM

The operating and business conditions for the first quarter of 2017 proved to be more challenging for Meralco compared with 2016

LAG IN PROFIT GROWTH. First quarter of 2017 turned out to be challenging for the country's largest distributor of electrical power. Rappler file photo

Meralco likely to hit target profit for 2016

Feb 21, 2017 - 5:45 PM

For 3 months starting March Meralco consumers may also experience a rate hike of P0 92 per kilowatt hour on a staggered basis

HIT THE GUIDANCE. 'Most likely, yes [we will hit the guidance]. Overall demand for bill volume is about slightly above 8% for the entire year,' Meralco Chairman Manuel V. Pangilinan says. Photo by Martin San Diego/Rappler

PLDT, Globe, Meralco: Yes to foreign players

Nov 24, 2016 - 4:40 PM

The telecommunications companies and the power distributor say they are also trying to improve their services and make these more affordable

OPEN UP. Duterte says he will liberalize the telecoms and energy sectors, telling the giants that he owed them no favor and it is high time to share the market to foreign players

Public utilities, gov't regulators told: 'Have a sense of community'

Oct 13, 2016 - 11:44 PM

Hindi kayo forever diyan former MMDA chief Bayani Fernando who is now Marikina 1st District Representative tells public utilities and state regulators at a House hearing

ERC to Meralco: Don't block retail competition and open access

Jun 03, 2016 - 8:13 PM

ERC Chairman Jose Vicente Salazar says he finds no strong reason for Meralco to block a mechanism which would be good for the retail customer base in its present service area

ENERGY REFORMS. An open access regime allows electricity end-users with an average monthly peak demand of one megawatt to choose their electricity service supplier.

Meralco: Power distribution network '96% ready' for elections

Apr 27, 2016 - 5:15 PM

The utility firm also says it has contingency measures in case of blackouts on May 9

MPIC ends 2015 with higher profits despite regulatory uncertainties

Mar 01, 2016 - 8:13 PM

Earnings would be stronger if we were simply allowed to play on a level regulatory playing field says MPIC s president and CEO

REGULATORY UNCERTAINTIES. Its strong growth was achieved despite uncertainties in tariff rate adjustments for its water, rail and tollroad businesses

Expect higher electricity rates this summer – Meralco

Feb 05, 2016 - 4:23 PM

Meralco s rate hike this month is mainly due to higher generation charge – the largest component of an electricity bill

RATE HIKE. Higher electricity bills could be more evident, especially that the Philippines is experiencing El Niño, Meralco says. File photo by Pia Ranada/Rappler

Meralco is top corporate taxpayer for 2014

Jan 21, 2016 - 5:33 PM

Meralco topped the list of corporate taxpayers for taxable year 2014 with income tax payments of P9 686 billion according to the Bureau of Internal Revenue

NO. 1 CORPORATE TAXPAYER. The Manila Electric Company tops the list of corporate taxpayers for taxable year 2014 with income tax payments of P9.686 billion

Meralco lays out wish list for next PH president

Jan 09, 2016 - 4:27 PM

We always batted for more power plants because we create pricing pressure Meralco Chairman Manuel Pangilinan says when asked for his wishes for the country under a new leader

MORE PRIVATE INVESTMENTS. Meralco says industry stakeholders should support one another to achieve an adequate supply of generation capacity, an interconnected transmission system, and a reliable distribution network. Photo from Agence France-Presse

Meralco rates to go down in January

Jan 07, 2016 - 3:00 PM

This month s generation charge is the lowest since January 2010

LOWEST. At P3.92 per kWh, this January’s generation charge is the lowest since January 2010. File photo

Meralco sees tight power supply in 2016

Dec 24, 2015 - 11:33 AM

Meralco is tapping an additional interim supply of around 240MW to avert a possible power supply problem especially during elections

POWER SUPPLY. 'Everybody is trying to avoid a scheduled shutdown during election. This may put some tightness in supply based on their maintenance schedule,' Meralco President Oscar Reyes says. File photo by Agence France-Presse

Meralco partners with Repower Energy for hydropower plants

Dec 20, 2015 - 8:17 PM

Repower Energy Development Corporation has over 100 megawatts MW of mini hydropower projects in Quezon Camarines Sur Bukidnon and other provinces

NEW BREED. The Meralco-Repower Energy venture will avail of the feed-in-tariff (FIT) scheme, where the rate is guaranteed by the government for 20 years at P5.9 ($0.12) per kilowatt hour

Meralco in talks with SMDC, Megaworld for prepaid meters

Dec 12, 2015 - 3:38 PM

SMDC and Megaworld are Meralco’s target customers for the additional 100 000 meters it plans to install within its assigned franchise areas

IN TALKS. SM Development Corporation and Megaworld Corporation are considering to use Meralco's prepaid electricity meters in their housing projects

Meralco rates going up again in December

Dec 09, 2015 - 5:22 PM

The utility firm reiterates that it does not earn from pass through charges

INCREASE. The utility firm says on Wednesday, December 9 that this month's increase in overall rates was primarily due to higher generation charge.

Petilla: Give Competitive Selection Process a chance

Nov 13, 2015 - 4:26 PM

You need rules CSP is where everything is a level playing field and everybody competes other than just negotiates the former energy secretary and senatorial candidate says

RULES. Former Energy secretary and senatorial candidate Carlos Jericho Petilla says the Competitive Selection Process aims for balance between profit and public service in a market-driven energy sector.

Meralco rates rise in November

Nov 07, 2015 - 1:24 PM

The increase comes after 6 straight months of reduction but Meralco says this month’s overall rate is lower by P1 51 compared to November 2014’s P10 06 kWh

RISE. The November Meralco upward adjustment comes after 6 straight months of reduction. File photo by Jay Directo / Agence France-Presse

Meralco rates decline in October

Oct 07, 2015 - 3:39 PM

Power rates have been declining for the past 6 consecutive months for a total reduction of P2 26 per kilowatt hour the utility firm says

DOWN. The reduction in the overall rates in October is primarily due to the generation charge, which decreased by P0.14 per kWh from last month.

Sale of Meralco shares didn't happen – Landbank

Sep 28, 2015 - 3:20 PM

There is no violation of the Anti Graft Law since the block sale of the bank s Meralco shares did not materialize Landbank says

NO BASIS. "There is no basis for a criminal indictment or administrative sanction against former members of the LBP board of directors, including some incumbent bank officers," the Landbank of the Philippines statement reads.

Ex-Landbank, SSS execs face graft charges over Meralco deal

Sep 24, 2015 - 6:49 PM

The deal involved the block sale of SSS Meralco shares for P5 669 billion to Global 5000 a company identified with businessman Roberto V Ongpin

PH economy entering a 'new normal' - analyst

Sep 09, 2015 - 7:00 PM

The new normal GDP rate is seen at 5 to 6 tempered by weak government spending and net exports

NEW NORMAL. BPI Trade's Michaelangelo Oyson says that the consumer-led Philippine economy "can only grow 6% [and up] if the government spends a lot of money" to counter the underspending at present