Saturday, 28 February 2026
2 days ago
Power generation boom drives Meralco 2025 profit jump despite softer demand
Tycoon Manuel V. Pangilinan-backed Manila Electric Co. (Meralco) grew core net income 12 percent to P50.57 billion in 2025 as a surge in power generation sales lifted earnings despite softer electricity demand.
17 Feb 2026
1:07PM
Sual Power outbids 5 rivals for Meralco 200-MW supply deal
Manila Electric Co. (Meralco) announced that it has secured the lowest offer from Sual Power Inc. (SPI), a subsidiary of San Miguel Global Power Holdings Corp., for its 200-megawatt (MW) baseload supply requirement following a competitive selection process (CSP).
17 Feb 2026
9:17AM
Meralco deepens ties with US firms to accelerate smart grid push
Manila Electric Co. (Meralco) is strengthening its push toward grid modernization by deepening collaboration with American technology providers through the US-Philippines Smart Grid Technologies Reverse Trade Mission (RTM).
13 Feb 2026
10:46AM
Meralco taps Hubbell’s Aclara for smart meter rollout
Manila Electric Co. (Meralco) has formalized a partnership with Hubbell Inc. subsidiary Aclara Meters Philippines Inc. to deploy smart meters as part of the distribution utility’s modernization program.
10 Feb 2026
12:56PM
Meralco hikes February power rates on higher transmission costs
Manila Electric Co. (Meralco) announced an increase of P0.2226 per kilowatt-hour (kWh) in electricity rates for February, reversing two straight months of declines and bringing the overall rate for a typical household to P13.1734 per kWh, from P12.9508 per kWh in January.
22 Jan 2026
10:49AM
MVP-backed SPNEC to become MGEN Renewable Energy Holdings
Listed SP New Energy Corp. is moving to rebrand and reset its market identity, changing its corporate name to MGEN Renewable Energy HoldingsInc. and stock symbol to MGENR from SPNEC, as it positions itself more clearly as a Meralco-backed renewable platform.
16 Jan 2026
10:12AM
15 power firms vie for Meralco’s 200-MW renewable energy contract
Fifteen power generation companies have joined the Competitive Selection Process (CSP) for Manila Electric Co.’s (Meralco) 200-megawatt (MW) renewable energy (RE) baseload supply requirement.
12 Jan 2026
5:02PM
Meralco unit: SPNEC deal separate from Leviste microgrid franchise issue
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.
12 Jan 2026
1:11PM
Meralco cuts power rates for second straight month
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.
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