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’s Distribution Rate Cut By Regulators

Manila Electric Co., the Philippines’ largest power retailer, said the Energy Regulatory Commission ordered a reduction in its distribution rate, limiting an increase in total electricity costs this month.

The Energy Regulatory Commission ordered the company, also known as Meralco, to cut its maximum average distribution rate to 1.6012 pesos per kilowatthour from 1.6464 pesos, the Philippines’ largest power retailer said in a disclosure to the stock exchange. This distribution charge will be in effect at least until June 2012.

“The reduction in Meralco charges under performance-based regulation will mitigate the impact of a higher generation this October,” it said. The average increase of its private power suppliers’ rates was 31.6 centavos per kilowatthour and caused by more expensive liquid fuel, lower dispatch and the peso’s depreciation, Manila Electric 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.