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4-Traders Homepage  >  Equities  >  PHILIPPINE STOCK EXCHANGE, INC.  >  Manila Electric Company    MER   PHY5764J1483

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Manila Electric : Meralco Rates up in November Due to Higher Generation Charges

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11/10/2017 | 01:45pm CET

Customers of Manila Electric Co. (Meralco) will have to pay more for electricity this month, following an increase in generation charges.

In an emailed statement on Thursday, Meralco said it will increase rates by P0.3436 per kilowatt-hour (kWh), bringing the overall rate to P9.2836

The rate increase this month amounts to a PhP68.72 increase in the total bill of a typical residential household consuming 200kWh, the company said.

According to Meralco, the November rate increase is mainly due to the P0.1925 per kWh increase in generation charge.

(c) 2017 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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News from SeekingAlpha
10/27 Manila Electric Co. (MERALCO) ADR 2017 Q3 - Results - Earnings Call Slides
Financials ( PHP)
Sales 2017 276 B
EBIT 2017 29 864 M
Net income 2017 19 704 M
Finance 2017 11 592 M
Yield 2017 4,77%
P/E ratio 2017 19,11
P/E ratio 2018 18,84
EV / Sales 2017 1,27x
EV / Sales 2018 1,22x
Capitalization 363 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 339  PHP
Spread / Average Target 5,2%
EPS Revisions
Managers
NameTitle
Oscar S. Reyes President, CEO & Non-Executive Director
Manuel Velez Pangilinan Chairman
Betty C. Siy-Yap Chief Financial Officer & Senior Vice President
Ray Celis Espinosa Director & General Counsel
Manuel M. Lopez Non-Executive Director
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