May 12, 2023

Meralco rates up by P0.1761 per kWh in May billing

BY MYRNA M. VELASCO – May 11, 2023 03:00 PM from Manila Bulletin AT A GLANCE Higher charges from the spot market and power supply agreements (PSAs) propelled rate increase for Meralco in May billing. On top of the double […]
March 22, 2019

First Gen’s recurring net income up 51% to US$243 M in 2018

By Myrna M. Velasco – March 21, 2019, 10:00 PM from Manila Bulletin With brisk sales from its gas-fired power assets, First Gen Corporation logged record-high increase of 51 percent on its recurring net income (RNI) to US$243 million last […]
August 4, 2017

Meralco’s net profit fell 3% to P10.5b in six months

by Alena Mae S. Flores -August 03, 2017 at 08:05 pm  from manilastandard.net Manila Electric Co., the country’s largest power retailer, said Thursday net income declined 3 percent in the first half to P10.5 billion from P10.77 billion a year ago, […]
March 10, 2017

Meralco: Power rate up by P0.66/kWh this month

By Lenie Lectura – March 9, 2017 from Business Mirror A residential household consuming 200 kilowatts per hour (kWh) a month will shell out P132 more to pay for its power bills this month. This, after the Manila Electric Co. (Meralco) said on […]