Meralco Says Collab with Coops Would Cut System Losses

Meralco says collab with coops would cut system losses

MANILA, Philippines — Manila Electric Co. (Meralco) said potential partnerships with more cooperatives could lead to lower rates for consumers, as fresh funds from the utility giant could cut system losses to single digits. Arnel Casanova, senior vice president and head of strategic distribution utility partnerships at Meralco, said many electric cooperatives report double-digit system

Meralco seeks cooperative capital partnerships to cut power rates

Amid persistent power reliability challenges in select provinces, Manila Electric Co. (Meralco) is pushing for partnerships to help cash-strapped electric...