ELECTRICITY sales in June eased because of cooler weather, tempering power sales growth for the first half to around 6.5%, Manila Electric Co. (Meralco) said. “For the first five months year-to-date, (we had) growth of 7.5% per annum, but June is trending a little softer because, number one, the rains have started. It’s been cool…
Tag: electricity
Daguma touts economic benefits of coal project
Daguma Agro Minerals Inc. —the concession holder of the Department of Energy’s (DOE) coal mining project in Lake Sebu, South Cotabato—remains hopeful that its operations can still proceed despite the rejection by the local council in a controversial vote, considering the project’s importance. In a statement, the company said the decision of the Sangguniang Panlalawigan…
Meralco to hike rates in Dec as weak peso pads costs
Manila Electric Co., the country’s largest power distributor, said Wednesday it would increase rates this month after the peso’s weakness against the dollar inflated costs. The P0.10kwh adjustment will result to an increase of roughly P20 for those who consume 200 kwh monthly, P30 for 300 kwh, P40 for 400 kwh and P50 for 500…
AC Energy Holding eyes retail energy business
AC Energy Holdings Inc. is dipping its foot in the retail energy business, initially targeting a 50-megawatt (MW) supply in the next three years in line with the full implementation of retail competition and open access (RCOA). The Ayala power investment arm has established itself as a retail electricity supplier (RES) after getting the necessary…
Meralco says power rates to go down in October
Power distributor Manila Electric Co. said Thursday electricity rates for October will go down by P0.12 per kilowatthour due to a reduction in generation and transmission charges. Electricity rates for a typical household will go down to P8.34 per kilowatthour this month. This would mean a P24 reduction in the monthly bill of households that…
Power rates drop in June
The residential rate for a typical household consuming 200 kilowatt hour (kWh) per month will go down by P0.13 per kWh to P8.32 per kWh in June, Meralco said on Tuesday. Meralco spokesperson Joe Zaldarriaga noted the generation charge declined by P0.16 per kWh. Rates were also lower from the Wholesale Electricity Spot Market and…
Winnergy Holdings Corp. 