A unit of Manuel V. Pangilinan-backed Manila Electric Co. said its investment in SP New Energy Corporation (SPNEC) is separate from Solar Para Sa Bayan Corporation (SPBC), amid renewed scrutiny linked to Batangas Rep. Leandro Leviste and his solar microgrid franchise.
Meralco customers will start 2026 with lower electricity bills as the country’s largest power distributor announced another rate cut for January — offering modest but welcome relief amid persistent cost-of-living pressures.
Strong bidder interest in Manila Electric Co.’s (Meralco) latest Competitive Selection Process (CSP) signals continued momentum in the Philippines’ push for renewable energy compliance under the Renewable Portfolio Standards (RPS).
Manila Electric Co. (Meralco) has kicked off a Competitive Selection Process (CSP) to secure 200 megawatts (MW) of baseload renewable energy (RE) capacity, as part of its compliance with the Renewable Portfolio Standards (RPS) and its broader sustainability strategy.
Manila Electric Co. (Meralco) rolled back its electricity rate for December by P0.3557 per kilowatt-hour (kWh), bringing the overall household rate down to P13.1145 per kWh from P13.4702 per kWh in November.
Manila Electric Co. (Meralco) is deepening its push for sustainable industrial development through a new partnership with the Philippine Economic Zone Authority (PEZA) to accelerate the energization of greenfield ecozones across the country.
Manila Electric Co. (Meralco) has increased its November electricity rate by P0.1520 per kilowatt-hour (kWh), bringing the overall household rate to P13.4702 per kWh from P13.3182 per kWh in October.
Manuel V. Pangilinan-led Manila Electric Co. (Meralco) has completed the upgrade of its Calamba 230 kilovolt (kV)–115 kV Delivery Point Substation, reinforcing the reliability and stability of electricity service across parts of Laguna and Batangas.
Billionaire congressman Leandro Leviste has completed the sale of P13.76 billion worth of shares in SP New Energy Corp. (SPNEC) to the group of tycoon Manuel V. Pangilinan, cementing the latter’s control of one of the country’s largest solar operators.