Power News

October 14, 2024

NGCP seeks ERC approval to connect Mindoro, Batangas

By Sheldeen Joy Talavera – October 14, 2024 | 12:13 am from Business World THE National Grid Corp. of the Philippines (NGCP) said it is seeking Energy Regulatory Commission (ERC) approval for the 500-kilovolt (kV) Batangas–Mindoro Interconnection and Backbone Project […]
October 14, 2024

Semirara eyes coal mine operations expansion

By Lenie Lectura – October 13, 2024 from Business Mirror CONSUNJI-led Semirara Mining and Power Corp. (SMPC) proposed an expansion of its coal mine operations worth P291.37 billion. The Semirara coal mine complex expansion project is envisioned to simultaneously operate […]
October 14, 2024

ERC commits to accelerate regulatory processes

By Gabriell Christel Galang – Oct 12, 2024 02:29 PM from Manila Bulletin The Energy Regulatory Commission (ERC) has committed to expedite its regulatory procedures, including the much-awaited performance audit of the National Grid Corporation of the Philippines (NGCP), to […]
October 12, 2024

NGCP: Expect lower electric bills

By Ed Paolo Salting – October 12, 2024 from The Manila Times ELECTRICITY consumers can expect lower power bills this month as the National Grid Corp.of the Philippines (NGCP) announced a decrease in ancillary services and overall transmission charges for […]
October 12, 2024

October rate slash breaks 3-month hikes

Meralco has announced a 36-centavo per kilowatt-hour (kWh) reduction in overall electricity rates this month. The improved supply situation in the Luzon grid contributed to the reduction. Average demand and capacity on outage decreased by 544 megawatts (MW) and 519 […]
October 11, 2024

SPNEC invests ₱6 billion in Terra Solar

By Lenie Lectura – October 11, 2024 from Business Mirror SP New Energy Corp. (SPNEC) said Thursday its board has approved an additional subscription to Terra Solar Philippines Inc. (TSPI) shares for P6.033 billion. “The additional subscription of SPNEC in […]
October 11, 2024

First Gen vows proper balance in energy supply

By Alena Mae S. Flores – October 10, 2024, 7:30 pm from manilastandard.net First Gen Corp. said it positions its portfolio of low-carbon power plants, including its natural gas-fired facilities, as balanced solutions to address the country’s “energy trilemma.” First […]
October 11, 2024

NPC warns of reduced supply without ERC approval

By Alena Mae S. Flores – October 10, 2024, 8:00 pm from manilastandard.net KUALA LUMPUR, Malaysia—State-run National Power Corp. (NPC) warned it would be forced to curtail operating hours of the Small Power Utilities Group (SPUG) operations by March 2025 […]
October 11, 2024

NEA likely to miss 2024 electrification target

By Sheldeen Joy Talavera – October 9, 2024 | 8:21 pm from Business World THE National Electrification Administration (NEA) said it will fall short of its 2024 target to electrify 91% of all households, citing inadequate funding. “Based on the […]
October 10, 2024

Meralco, Doosan of Korea sign nuclear energy partnership

By Alena Mae S. Flores – October 9, 2024, 7:10 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) and South Korea’s Doosan Enerbility Co. Ltd. signed a memorandum of understanding (MOU) to explore strategic collaborations on developing low-carbon energy […]