Power News

December 1, 2023

ERC urged to hasten reset of Meralco distribution rate

By Lenie Lectura – November 29, 2023 from Business Mirror Senator Sherwin Gatchalian on Tuesday urged the Energy Regulatory Commission (ERC) to fast-track the reset of the power distribution rate for the Manila Electric Co. (Meralco) to determine if the […]
December 1, 2023

Government handling of maritime dispute gets nod of MVP

By Lenie Lectura – November 29, 2023 from Business Mirror Businessman Manuel V. Pangilinan (MVP) said the Marcos administration is “doing the right thing” in asserting the country’s sovereign rights over the West Philippine Sea. “The president is doing an […]
November 30, 2023

EDC board approves public offering, listing of P10-b ASEAN green bonds

By Alena Mae S. Flores – November 29, 2023, 9:40 pm from manilastandard.net The board of Energy Development Corp. (EDC) on Wednesday approved the public offering, issuance and listing of the second tranche of the company’s shelf-registered ASEAN Green Bonds […]
November 30, 2023

Alsons issues P1.14 billion worth of debt paper

By Alena Mae S. Flores – November 29, 2023, 9:05 pm from manilastandard.net Alsons Consolidated Resources (ACR), the publicly-listed company of the Alcantara Group, announced Wednesday announced the successful third tranche issuance of its P3-billion commercial paper program. The latest […]
November 29, 2023

RE contract awards hit 1,300 as of end-Oct.

By Sheldeen Joy Talavera – November 28, 2023 | 8:35 pm from Business World THE Department of Energy (DoE) said it has awarded 1,300 renewable energy (RE) contracts with a total potential capacity of 130,880.8 megawatts (MW) as of the […]
November 28, 2023

Streamlined securities registration for power entities

By Richmond Mercurio – November 28, 2023 | 12:00am from The Philippine Star Through a collaboration with the Energy Regulatory Commission (ERC), the Securities and Exchange Commission (SEC) has come up with the proposed guidelines dubbed as the Securing and […]
November 28, 2023

Power firms predict tight supply in 2024

By Alena Mae S. Flores – November 27, 2023, 7:50 pm from manilastandard.net Two of the country’s largest power firms expect a tight supply next year amid an anticipated growth in demand of 600 megawatts (MW) to 700 MW. Meralco […]
November 27, 2023

Aboitiz Power, Meralco to hike RE investments starting 2024

By Alena Mae S. Flores – November 26, 2023, 9:40 pm from manilastandard.net Aboitiz Power Corp. and Manila Electric Co., two of the country’s largest power firms, are ramping up investments next year, company executives said over the weekend. Aboitiz […]
November 27, 2023

ERC may not set price ceiling for geothermal auction

By Sheldeen Joy Talavera – November 26, 2023 | 8:18 pm from Business World MINDANAO geothermal facility located in Kidapawan City — EDC THE Energy Regulatory Commission (ERC) said it expects to set price parameters for the geothermal auction by […]
November 26, 2023

Maguindanao power grid to get Spanish aid

By: Meg J. Adonis – 10:48 AM November 25, 2023 from @inquirerdotnetPhilippine Daily Inquirer MANILA  -The National Electrification Administration (NEA) on Friday said it would team up with the Spanish Embassy in the Philippines to develop an electrical grid for […]