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LOPEZ-led First Gen Corp. wants to know from the Manila Electric Co. (Meralco) if it will be able to pay for the next batch of LNG (liquefied natural gas) supply to determine the next steps it must undertake for its next supply procurement. “First Gen told us that if we…
Manila Electric Co. (Meralco) customers will receive a refund of some 5 centavos per kilowatt hour (kWh) next month after the Energy Regulatory Commission (ERC) declared that there was an unverified cost that was passed on by the firm to consumers. “Between 4 to 5 centavos for the portion corresponding…
The Manila Electric Co. (Meralco) said Wednesday it will likely start processing refunds next month after it was called out by the Energy Regulatory Commission (ERC) for passing on to consumers the cost of procuring power from plants fueled by liquefied natural gas (LNG). However, the refund amount has yet…
THE Energy Regulatory Commission (ERC) questioned on Tuesday the rate hike imposed by the Manila Electric Company (Meralco) this month, saying it was premature for the utility firm to pass on to the consumers the cost related to higher gas prices. “Meralco cannot impose or collect charges that are not…
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