June 25, 2021

PEMC asked to stop electricity adjustment rates

By Alena Mae S. Flores – June 24, 2021 at 07:35 pm from manilastandard.net The Energy Regulatory Commission ordered Philippine Electricity Market Corp. Thursday to defer the collection of the so-called Net Settlement Surplus adjustments of about P0.20 per kilowatt-hour […]
June 25, 2021

Melchor Ridulme named NAPOCOR OIC

By Jordeene B. Lagare – June 24, 2021 from The Manila Times THE National Power Corp. (Napocor) has appointed Melchor Paz Ridulme as officer-in-charge (OIC) following the demise of Napocor President and Chief Executive Officer (CEO) Pio Benavidez. Ridulme, Napocor’s […]
June 24, 2021

Drop in power demand cuts spot market prices–IEMOP

BY LENIE LECTURA – JUNE 23, 2021 from Business Mirror The average Wholesale Electricity Spot Market (WESM) price dropped to P6.53 per kilowatt hour (kWh) from June 1 to 20 as demand for electricity eased compared to last month. “For […]
June 24, 2021

NCIP shutters Benguet hydropower plants

BY LENIE LECTURA – JUNE 23, 2021 from Business Mirror The National Commission on Indigenous Peoples in the Cordillera Administrative Region (NCIP-CAR) has ordered Aboitiz Power Corp.’s unit to halt the operations of its run-of-river hydropower plants in Benguet. Aboitiz […]