THE Court of Appeals (CA) has given the Energy Regulatory Commission (ERC) the go signal to hear and resolve anti competitive behavior and other unfair trade and practices against power distributor Manila Electric Co. (Meralco) and the subsidiaries of power firm Aboitiz Power Corp. in connection with the shutdown of the Malampaya gas facility, which affected…
Tag: Meralco
Meralco-First NatGas power supply deal gets ERC go signal
THE Energy Regulatory Commission (ERC) has granted Manila Electric Co. (Meralco) and First NatGas Power Corp. (FNPC) the authority to implement their power supply agreement (PSA) in an “interim relief” that sets certain conditions. “In the event that the final rate is higher than that granted in the interim, the resulting additional charges shall be…
Meralco considers Isla Verde as site for 1st microgrid system
MANILA Electric Co. (Meralco) is looking at Isla Verde, an island in Batangas province within its franchise area, as a possible location for its first microgrid system, its president said. “We are working with the local government to energize [the island], to meet their requirements,” Meralco President and Chief Executive Officer Oscar S. Reyes told…
Meralco power sales dampened by cool weather
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…
ERC expects decision this year on 3 out of 7 Meralco PSAs
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…
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…
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