June 8, 2017
A 2016 survey conducted by the International Energy Consultants showed that the Manila Electric Company or MERALCO has the third highest electricity rates in Asia after Japan and Hong Kong. The same study reported that Meralco consumers spend 4.5% of their disposable income on electricity which is higher than the 3.9% global average.
March 8, 2017
Research group IBON warned that consumers may face bigger and more rate increases in their electricity bills this summer. The Energy Regulatory Commission (ERC)’s approval of a smaller than petitioned rate hike for the Manila Electric Co. (Meralco) is still warrantless and just a portion of generation costs that the power distributor and its suppliers […]
June 9, 2016
Research group IBON said that fifteen years of the Electric Power Industry Reform Act (EPIRA) has only strengthened corporations’ monopoly of the Philippine power industry, and burdened consumers with high power rates. The group, a member of the POWER alliance, said that EPIRA must be repealed. EPIRA or Republic Act (RA) 9136 was enacted in […]