Lower power rates seen after FiT-All approval

Credit to Author: Jordeene B. Lagare| Date: Tue, 28 Jan 2020 16:29:10 +0000

CONSUMERS can expect to pay less for electricity soon after the Energy Regulatory Commission (ERC) approved a lower feed-in tariff allowance (FiT-All) that is used to subsidize renewable energy (RE) developers. In a statement on Tuesday, the power regulator said it authorized the National Transmission Corp. (TransCo) to collect a 2019 FiT-All rate of P0.0495 […]

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Meralco to raise rates by P0.47/kWh in Nov

Credit to Author: THE MANILA TIMES| Date: Thu, 07 Nov 2019 09:38:40 +0000

MANILA Electric Co. (Meralco) will raise its rates by P0.4717 per kilowatt hour (kWh) in November, a month after implementing a slight adjustment. In a statement on Thursday, Meralco said the adjustment brings overall prices to P9.5579  per kWh this month from P9.0862 per kWh in October. Households that consume 200 kWh will have an […]

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Duterte signs law to lower cost of electricity

Credit to Author: kadraneda| Date: Tue, 13 Aug 2019 08:12:46 +0000

Duterte signs law to lower cost of electricity

MANILA, Philippines — President Rodrigo Duterte has signed into law a measure that would reduce the cost of electricity in the country. Duterte signed Republic Act 11371, or the “Murang Kuryente Act,” on August 8. But a copy of the new law was shared with the media only on Tuesday, August 13. The new law […]

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Meralco cuts rates in May

Credit to Author: The Manila Times| Date: Tue, 07 May 2019 05:13:46 +0000

CONSUMERS will get a relief this month as the Manila Electric Co. (Meralco) will reduce rates by P0.2728 per kilowatt hour (kWh) for May. This brings overall electricity rates to P10.2866…READ

The post Meralco cuts rates in May appeared first on The Manila Times Online.

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Bayan Muna hits ‘looming’ power rate hike due to shutdowns

Credit to Author: ggaviola| Date: Fri, 26 Apr 2019 11:18:35 +0000

Bayan Muna hits ‘looming’ power rate hike due to shutdowns

MANILA, Philippines – Militant group Bayan Muna on Friday blasted the “impending” power rate increase due to plant shutdowns and stressed that power plant operators should shoulder the costs.

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Meralco raises rates in March

Credit to Author: The Manila Times| Date: Thu, 07 Mar 2019 07:00:56 +0000

LISTED power distributor Manila Electric Co. (Meralco) announced on Thursday that it would raise its rates this month by P0.0894 per kilowatt hour (kWh), the second upward adjustment for the year….READ

The post Meralco raises rates in March appeared first on The Manila Times Online.

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Power rates decrease in January

Credit to Author: kgabaldon| Date: Mon, 14 Jan 2019 08:41:44 +0000

Power rates decrease in January

MANILA, PHILIPPINES, 8th January 2019 – To start the new year, the Manila Electric Company (MERALCO) announced today that overall electricity rates decreased to P9.8385 per kWh this month from last month’s P10.1803 per kWh. The downward adjustment of P0.3418 per kWh will mean a decrease of around P68 in the total bill of a typical household consuming […]

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Hope seen for consumers to set power rates

A consumer advocacy group welcomed the decision of the Court of Appeals (CA) to allow the group to question at the Energy Regulatory Commission (ERC) several power supply agreements (PSAs) entered into by the country’s leading power distributor with companies believed to have links with it.

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