July 6, 2022

PSALM’s financial obligations hit ₧342.6B at end-June

BY LENIE LECTURA – JULY 5, 2022 from Business Mirror THE financial obligations of the Power Sector Assets and Liabilities Management Corp. (PSALM) at end-June this year stood at P342.6 billion (around $6.185 billion at current exchange rates). In a […]
July 6, 2022

NGCP places Luzon grid on yellow alert

BY LENIE LECTURA – JULY 5, 2022 from Business Mirror The National Grid Corporation of the Philippines (NGCP) has once again placed the Luzon grid on yellow alert as power reserves fell after a number of power plants conked out. […]
July 5, 2022

SC strikes down ERC regulation on power mart

By Rey E. Requejo – July 5, 2022, 12:20 am from manilastandard.net The Supreme Court has nullified the order issued by the Energy Regulatory Commission (ERC) that regulated the prices in the Wholesale Electricity Spot Market (WESM) for the supply […]
July 5, 2022

EDC bags Bohol power supply deal

BY LENIE LECTURA – JULY 4, 2022 from Business Mirror File photo shows one of EDC’s 12 integrated geothermal power stations. LOPEZ-led Energy Development Corp. (EDC) said Monday it has won a competitive auction for the power requirements of electric […]