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Sunday, February 23, 2025

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Energy Regulatory Commission

Lawmakers blast ex-ERC official for rate reset mess of NGCP and Meralco

Lawmakers have slammed former Energy Regulatory Commission (ERC) Commissioner Alfredo Non for delays in the rate reset of the National Grid Corporation of the...

Power rates and charges are approved by ERC, Meralco clarifies

Meralco reiterates that as a highly regulated entity, all components of its rates and charges are approved by ERC before these are collected from...

No need to probe NGCP as ‘they’ve been compliant’, lawmakers says

A veteran lawmaker questioned the purpose of the hearing of the House Committee on Legislative Franchises on NGCP, stressing that there’s no reason to...

BIR confirms NGCP consistently pays 3% franchise tax to the gov’t

The Bureau of Internal Revenue (BIR) confirmed that the National Grid Corporation of the Philippines has been religiously paying the 3-percent franchise tax as mandated...

Higher generation charge leads to power rate hike in November

The Manila Electric Company (Meralco) announced today an upward adjustment of P0.4274 per kWh in the electricity rate this November, bringing the overall rate...

Meralco concludes Competitive Selection Process for 600-MW Supply Requirement

The Manila Electric Company (Meralco) has secured the lowest offers for its 600-megawatt (MW) baseload supply requirement through the conduct of a Competitive Selection...

House panel thumbs up Meralco franchise extension

The bill seeking a fresh franchise for MERALCO is expected to “sail smoothly” at the House of Representatives, advocate Albay 2nd District Rep. Joey...

Meralco packpedals; lowers power rate in June

Customers of Manila Electric Company (Meralco) can expect a significant reduction in the June electricity rates, a turnaround from the increase earlier announced, as...

Meralco bares lowest bidders for 1,800-megawatt supply requirement

The Manila Electric Company (Meralco) has secured the best bids for 1,800-megawatt (MW) supply from three generation companies through the government-mandated Competitive Selection Process...

Meralco Refutes Unfounded Claims on Its Power Rates

The Manila Electric Company (Meralco) strongly denies the baseless claims made by Santa Rosa City Rep. Dan Fernandez that the distribution utility overcharged its...

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