Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Manila Electric Rises on Higher Sales Prospects

Manila Electric Co., the Philippines’ largest power retailer, rose to the highest in two weeks in Manila trading after generators cut its electricity costs, prompting speculation demand will increase as it passes on the savings to customers.

Manila Electric, which retails electricity to the capital and nearby provinces, gained 1 percent to 196 pesos as of 10:25 a.m. on the Philippine Stock Exchange, set for its highest close since Nov. 23.

Manila Electric yesterday said prices it pays for supplies from the wholesale electricity spot market, which account for about 60 percent of the total electricity tariff, will drop to 4.97 pesos per kilowatt-hour from 5.29 pesos in November.

“It’s been proven that lower prices encourage consumers to increase their usage, translating to more profit for the power distributor,” First Grade Holdings Inc. managing director Astro del Castillo said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.