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Manila Electric Company (MERALCO) has begun its procurement process for the 1,200 megawatts (MW) baseload capacity to guarantee a steady supply of electricity. The distribution..
Core earnings of the Manila Electric Co. (Meralco) will likely reach P37 billion by the end of 2023 and surpass last year’s P27.1 billion after the company ended the nine-month period with P30 billion. “As we approach the close of 2023, it might be appropriate to provide our guidance for…
The Manila Electric Co. (Meralco) will pursue the conduct of the competitive selection process (CSP) for the 3,000 megawatts (MW) of baseload power supply before the year ends to continue servicing the requirements of its customers. Under the 2023 Power Supply Procurement Plan (PSPP) submitted by Meralco to the Department of Energy (DOE), the first
Electricity rates in October will go up by P0.4201 per kilowatt hour (kWh) to P11.8198 per kWh from P11.3997 per kWh in September due to higher generation rates, according to the Manila Electric Co. (Meralco). Meralco said the upward adjustment for October is equivalent to an increase of around P84 in the total electricity bill
In an advisory, Meralco said it increased its power rate by P0.5006 per kilowatt-hour (kWh) for September, bringing the overall rate to P11.3997 per kWh from P10.8991 in August.