Three power firms are interested to participate in the competitive auction for the supply of 170 megawatts (MW) to the Manila Electric Company (Meralco). “The TPBAC [Third-Party Bids and Awards Committee] received expressions of interest from three interested bidders. The aggregate offered capacity totaled 270MW,” Meralco utility economics head Lawrence…
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Manila Electric Co. is urging generation companies to participate in the competitive bidding which is aimed at adding 170 megawatts of peaking power in its franchise area to address demand spikes during the dry months and election period.
A hefty fuel price increases on Tuesday, and possibly higher power rates this month, greeted motorists and customers of the Manila Electric Co. (Meralco). Starting 6 a.m. of January 4, gasoline prices will go up by P1.85 per liter, diesel by P2.40 per liter and kerosene by P1.85 per liter.…
Electricity rates this month could go up due to higher generation charge, the Manila Electric Co. (Meralco) said over the weekend. Power firms that supply Meralco’s requirement have yet to send their final billings to the utility firm. Nonetheless, initial indications showed there could be an increase in generation charge…