The Energy Regulatory Commission (ERC) is hopeful to come out with a decision on three out of seven power supply agreements (PSAs) of Manila Electric Co. (Meralco) by year-end. In a forum yesterday, ERC commissioner Josefina Magpale-Asirit said the power regulator is looking to issue a decision on three Meralco PSAs with Redondo Peninsula Energy…
Tag: Manila Electric Company
Meralco eyes additional solar power supply
After closing three solar power supply deals, Manila Electric Co. (Meralco) is looking to add 50 to 100 megawatts (MW) of solar capacity to meet the renewable energy requirements of its franchise area. Meralco president Oscar Reyes said the company has received at least 10 offers to supply solar energy to the power distributor. “We’ll…
ERC urged on policy for power supply deals
The Energy Regulatory Commission (ERC) needs to form a policy in centralizing the competitive selection process (CSP) which will create a level playing field for distribution utilities (DUs) and electric cooperative (ECs) in securing power supply deals with generation companies. Philippine Electricity Market Corp. (PEMC) is currently finalizing its study on the third party auctioneer…
Meralco transforming network into smart grid
Power distributor Manila Electric Co. (Meralco) is transforming its network into a smart grid as it eyes to launch its Advanced Metering Infrastructure (AMI) project starting mid-2017. Meralco has filed an application with the Energy Regulatory Commission (ERC) for the deployment of basic AMI services by June 1, 2017. AMI is an integrated system of…
Solons rap alleged midnight deals by ERC in favor of Meralco
Congressmen on Tuesday assailed the alleged sweetheart deals engineered by officials of the Energy Regulatory Commission (ERC) to favor power distributor Meralco, allowing the latter to lock down consumers in its franchise areas to disadvantageous power rates for up to 25 years. In a statement issued to media, Bagong Henerasyon Rep. Bernadette Herrera-Dy said the power supply…
Halt on power retail rules favors big producers: Bayan Muna
The Supreme Court’s decision to temporarily halt rules for electricity retail will curtail consumers’ freedom of choice, a left-wing group has said. Delaying open access to electricity will work in favor of large power distributors like the Manila Electric Co., said Bayan Muna chairman Neri Colmenares. The high tribunal last week issued a temporary restraining…
Solon seeks probe on energy regulator, Meralco
A lawmaker on Tuesday called for an investigation on allegations the extension of a regulatory deadline for compliance with competition rules benefited the Manila Electric Co. The Energy Regulatory Commission had set a November 2015 deadline but was later extended to 2016, Bayan Muna party-list Representative Carlos Isagani Zarate said. Four days before the new…
Meralco cautious on 2017 prospects
After surpassing its core income target in 2016, power distributor Manila Electric Co. (Meralco) is turning cautious this year as it braces for the impact of global developments and cooler temperature on the electricity demand and energy sales, company officials said yesterday. In a briefing yesterday, Meralco chief finance officer Betty Siy-Yap said core net…
Meralco creates new unit to retail electricity
Manila Electric Co. (Meralco) has applied for a retail electricity supplier (RES) license to be able to continue its participation in the retail electricity market as part of compliance with the new retail competition and open access (RCOA) rules it earlier opposed. Meralco has formed a subsidiary called Vantage Energy Solutions and Management Inc. intended…
First Gen clean energy plants can lower consumer electricity bills–group
Two new plants in Batangas generate clean energy that can lower the bills of Manila Electric Company Meralco subscribers and in turn help grow the manufacturing industry, an electronics group said Friday. Two facilities in Santa Rita, a 414-megawatt MW San Gabriel combined-cycle plant and a 97-MW Avion open cycle natural gas-fired plant, were inaugurated…
Meralco firms up entry into hydropower
Manila Electric Co. (Meralco) is firming up its entry into hydropower sector after it forged a partnership with Blue Energy Holdings and Management Corp., a company owned by the Tiu family. Meralco disclosed yesterday it signed a joint venture (JV) agreement and shareholders’ agreement with Blue Energy. Under the JV deal, both companies will put…
Meralco eyes deals with renewable energy firms
Manila Electric Co. (Meralco) is on the lookout for more deals with renewable energy companies after it received an offer from two solar farm developers for electricity supply at P5.39 per kilowatt-hour, which are way below the current subsidized rate for solar energy. “We always continually review our portfolio,” said Lawrence S. Fernandez, head of Meralco’s…
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