September 5, 2022

ERC considers rate hike bid of Meralco, SMC power units

BY LENIE LECTURA – SEPTEMBER 5, 2022 from Business Mirror The temporary rate hike petitions that were jointly filed by the Manila Electric Co. (Meralco) and the units of SMC Global Power Holdings Corp. (SMCGP) are now up for deliberation […]
August 24, 2022

SMC unit to terminate power deals as oil, coal prices soar

BY LENIE LECTURA – AUGUST 23, 2022 from Business Mirror SMC Global Power Holdings Corp. (SMCGP), the power arm of San Miguel Corp. (SMC) said Tuesday that it has already notified the Manila Electric Co. (Meralco) of its intent to […]
August 2, 2022

Power plants of SMC incur losses on coal price rally

BY LENIE LECTURA – AUGUST 1, 2022 from Business Mirror Two power plants of SMC Global Power Holdings Corp. (SMCGP) have accumulated losses amounting to P15 billion due to skyrocketing global coal prices and unilateral natural gas supply restrictions from […]
February 9, 2022

Meralco power rates decline on lower generation charge

BY LENIE LECTURA – FEBRUARY 8, 2022 from Business Mirror Power generation charge for the January supply month led to a reduction of P0.1185 per kilowatt hour (kWh) in Manila Electric Co. (Meralco) bills this month. From last month’s P9.7027 […]