Meralco partners with ARTA to support government streamlining efforts

PARTNERS IN NATION-BUILDING. Anti-Red Tape Authority (ARTA) Director General and Secretary Ernesto V. Perez (left), Manila Electric Company (Meralco) AVP and Head of Biz Joy P. Mendoza (center), and Meralco SVP and Chief Legal Counsel Atty. William S. Pamintuan sign the Memorandum of Agreement for the “PaspasPilipinasPaspas” project which aims to boost the efforts for the adoption of the Integrated Business Permits and Licensing System (iBPLS) by local government units.

The Manila Electric Company (Meralco) has partnered with the Anti-Red Tape Authority (ARTA) to help local government units (LGUs) automate their business permit and licensing systems in line with the government’s thrust to promote ease in doing business.

MERALCO Receives International Recognition for Customer-Centric and Data Driven Digital Tranasformation

Meralco’s customer centric and data-driven program gets recognition at the 8th annual Talend Data Masters Awards

The Manila Electric Company (Meralco), the country’s largest electric distribution utility, has received a recognition for its customer centric and data-driven digital transformation program at the 8th annual Talend Data Masters Awards.

Established in 2015, the awards program honors companies across the globe that share the goal of transforming data into quantifiable business value. 

With a mission to provide the best value energy solutions for its customers, Meralco has ventured into a digital transformation journey in 2020 by implementing a holistic data management strategy that integrates governance, processes, people, and technology through the Meralco Data Platform (MDP). This allows Meralco to use data analytics and intelligence more broadly, efficiently, and effectively in making business decisions in a timely manner.

Two consecutive months of lower rates for Meralco customers

The Manila Electric Company (Meralco) announced another round of rate reduction as it cut its August rates by P0.2087 per kilowatt hour (kWh), equivalent to a decrease of around P42 in the total bill of a residential customer consuming 200 kWh.  Meralco Vice President and Head of Corporate Communications Joe R. Zaldarriaga said with this adjustment, Meralco’s rates now have a combined reduction of P0.9154 per kWh over the past two months and a net decrease of P0.2315 per kWh since the start of the year. For more information, customers may visit Meralco’s website at www.meralco.com.ph or follow its social media accounts on Facebook (www.facebook.com/meralco), and Twitter account @meralco.

Meralco And BFP Partner To Stregthen Emergency Response

PARTNERSHIP FOR PUBLIC SAFETY. In a bid to further strengthen their initiatives to promote fire safety and prevention, a memorandum of agreement was recently signed by Meralco and BFP officials: (front row, L-R) Meralco FVP and Head of Human Resources and Corporate Services Mr. Edgardo V. Carasig, Meralco President and CEO Atty. Ray C. Espinosa, BFP-NCR Regional Director CSUPT Gilbert D. Dolot PhD DSC, and Regional Chief Directorial Staff SSUPT Achilles M. Santiago PhD DSC.  Also present during the signing were Meralco officials: (back row, L-R) VP and Head of Organizational Safety and Business Continuity Management Engr. Antonio M. Abuel, Jr., VP and Head of Facilities, Security and General Services Engr. Benjamin U. Cusi, SVP and Head of Legal and Corporate Governance Atty. William S. Pamintuan, and AVP and Head of Local Government and Special Projects Atty. Oscar P. Moreno, Jr. (Note: Public health standards were strictly followed during the event and face masks were only removed for the photo.)

Meralco recognized for ESG excellence, now a FTSE4Good constituent

The Manila Electric Company (Meralco) has been recognized as one of the most socially and environmentally responsible companies globally.

UK-based FTSE Russell, a global sustainability index provider, announced Meralco’s inclusion in the FTSE4Good Index Series—specifically in the FTSE4Good Emerging Index and in the FTSE4Good ASEAN 5 Index.

Meralco is the second power company in the Philippines recognized by FTSE Russell for outstanding sustainability performance.

The FTSE4Good Index Series is a set of global sustainability indices that measure the performance of companies in key environmental, social, and governance (ESG) areas such as climate change, labor standards, and anti-corruption. It was designed to help market participants assess sustainable investment products, to research environmentally and socially sustainable firms, and to provide a transparent and evolving global ESG standard against which businesses could benchmark their performance.

To be included in the FTSE4Good Index, a company in an emerging market must achieve an overall ESG rating of 2.9 or higher.

In FTSE Russell’s latest assessment, Meralco garnered and ESG rating of 3.2 – topping the Philippines’ and the global energy sector’s averages.

“We are very honored and grateful for this distinctive recognition of our sustainability strategy and initiatives. This confirms that we are indeed progressing in the right direction. Our inclusion in the FTSE4Good Index inspires us to heighten our sustainability agenda and to continue creating a positive and transforming difference for all we serve—truly, powering the good life,” said Meralco First Vice President  and  Chief  Sustainability Officer Raymond B. Ravelo, who also serves as the President and CEO of eSakay, Meralco’s electric vehicle subsidiary.

Meralco’s sustainability agenda called “Powering the Good Life” is deeply rooted in and promotes the United Nations’ Sustainable Development Goals.

The company’s key sustainability initiatives include sourcing 1,500 megawatts (MW) of its power requirements from clean energy in the next five years while building 1,500 MW of renewable energy capacity through 2027; electrifying 25% of its vehicle fleet by 2030; planting and nurturing five million trees by 2025 to help protect and preserve Philippine forests and watersheds; and achieving 40% women representation in its workforce by the end of this decade.

“We, in Meralco, will continue to advance our drive towards sustainability not only by intensifying our efforts to keep the lights on for our customers and communities but also by heightening our initiatives to protect and preserve the planet,” said Meralco President and Chief Executive Officer Atty. Ray C. Espinosa.

“As we forge ahead, we are committed to accelerating our sustainability transformation while meeting the needs of our recovering nation. We likewise set our vision towards co-creating a society with all the hallmarks of enduring and meaningful progress as we provide and power more life to sustain the Filipino,” he concluded.

Spectrum Energizes Alphatech's First Solar-Powered Facility

From L-R: Spectrum Chief Operations Officer Patrick Henry T. Panlilio, Alphatech Senior Vice President Allan Keith G. Castro, Spectrum President and CEO Engr. Ferdinand O. Geluz, and Plastimer Group of Companies Executive Vice President Teo Kee Bin led the inauguration of Spectrum’s 856.80 kWp solar rooftop project in Alphatech’s manufacturing plant in Guiguinto, Bulacan. (Note: Public health standards were strictly followed during the event and face masks were only removed for the photo opportunity.)

Spectrum, a wholly owned subsidiary of the Manila Electric Company (Meralco), has energized Alphatech Development Corporation’s first solar-powered facility, supporting the latter’s push for sustainable business operations.

Officials from the two companies on May 25 led the inauguration of the 856.80 kilowatt-peak (kWp) solar rooftop project at Alphatech’s manufacturing plant in Guiguinto, Bulacan.

Power Rates Down Again This June

The Manila Electric Company (Meralco) announced earlier this month that power rates have decreased by P0.0216 per kilowatt hour (kWh) for a typical household.

From last month’s P8.7468 per kWh to P8.7252 per kWh this June, the reduction is equivalent to around P4 in the total bill of residential customers consuming 200 kWh.

According to Meralco, there has been three straight months of generation rate reduction, and a total rate decrease of more than one peso per kWh since the start of the year.