July 23, 2019

PSALM earmarks operating budget of P184.96 B this year

By Myrna M. Velasco – July 22, 2019, 10:00 PM from Manila Bulletin State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has earmarked a humongous corporate operating budget of P184.967 billion this year so it can settle maturing financial […]
June 7, 2019

Meralco cuts June power rates

By Myrna Velasco – June 6, 2019, 6:50 PM from Manila Bulletin The Manila Electric Company (Meralco) will cut power rate by P0.1948 per kilowatt hour (kWh) in its June billing despite the recurring yellow alert conditions in the Luzon […]
May 8, 2019

Meralco rates down by P0.2728/kwh in May

By Myrna M. Velasco – May 7, 2019, 10:00 PM from Manila Bulletin Despite the P3.5355 per kilowatt hour (kwh) hike in charges from the Wholesale Electricity Spot Market (WESM) during the month, the lower contract costs of Manila Electric […]
February 10, 2019

Malampaya fund to retire PSALM debts (Consumers unburdened of universal charges)

By Myrna M. Velasco – February 9, 2019, 10:00 PM from Manila Bulletin The universal charges on stranded debts and stranded contract costs in the electric bills of Filipino consumers will soon disappear, with Congress already tapping the use of the […]