TODAY'S BUSINESS HEADLINES

Despite Philippine-Taiwan row, Cebu Pacific to proceed with maiden flight to Taipei in July

Dollar surplus jumps by more than half at end-April

SEC issues rules on computing foreign ownership in companies

BSP bars retail investors from investing in SDAs

BIR surpasses collection target for income tax month of April

Meralco proposes using SMS for consumer monitoring of electricity use

InterAksyon.com means BUSINESS

MANILA - Meralco has asked regulators to allow consumers to use text messaging to monitor their electricity consumption once prepaid electricity service kicks off.

In a petition before the Energy Regulatory Commission, Manila Electric Company said text messaging offers a viable alternative to an installed in-home display or IHD for consumers to keep track of their electricity use.

Based on a market research conducted by Meralco in 2011, four out of six household members are not at home. Of the four, two are usually the household head or the bill manager.

"Thus, it is crucial that they are able to receive information as regards their prepaid service wherever they are," Meralco said.

Moreover, the utility said its survey revealed customers want the company to offer loading or top-up stations similar to telco loading centers in sari-sari stores, commercial centers and other establishments near their houses or place of work.

In the same research, Meralco said 83 percent of the company's C-mid and C-minus - or those whose electricity bills are between P3,400 and P1,800, and have a household income of between P38,515 and P25,724 a month, respectively - signified interest in subscribing to prepaid electricity once it is available.

The said Meralco customer segment number over 2.1 million.

Prepaid electricity would allow consumers to control their electricity consumption and expenses in the same way they use prepaid services for telecommunication needs.

At present, only Batangas Electric Cooperative 1 has filed a petition before regulators to allow it to implement prepaid electricity in its franchise area.

Meralco for its part plans to conduct a technical pilot test sometime in December before proceeding with prepaid electricity.

The country's largest private electricity distribution utility, Meralco is chaired by Manuel V. Pangilinan, who also chairs TV5, for which InterAksyon.com is the online news portal.

 

 

 

InterAksyon.com means BUSINESS

Related Stories:
» PLDT 1H net profit slips 8% lower but maintains 2012 target earnings
» Meralco raises profit guidance after 60-pct surge in 1H income
» Meralco, PLDT ditch broadband over power lines project
RELATED ARTICLES  
BUSINESS NEWS  
OTHER BUSINESS STORIES  

Business Despite Philippine-Taiwan row, Cebu Pacific to proceed with maiden flight to Taipei in July
Business Dollar surplus jumps by more than half at end-April
Business SEC issues rules on computing foreign ownership in companies
Business BSP bars retail investors from investing in SDAs
Business BIR surpasses collection target for income tax month of April
National | Business EXCLUSIVE | Zest Air suspends flights to Taiwan
Business | National BIG WINNERS IN 2013 ELECTIONS | Networks GMA, ABS-CBN report advertising windfall
Business MINDANAO POWER CRISIS | US aid sought in sprucing up relic of Fil-Am relations
Business SEC warns public against new pyramiding scam
Business Real estate exposure of banks not yet worrisome, Tetangco says
Business Asean, 6 trade partners begin talks for FTA to rival US-led trans-Pacific initiative
Business DOF to push for higher public float requirement on listed firms
Business | National PNoy needs sweep of mid-term elections to avert 'lame duck' presidency, NY-based think tank says