Power News

November 13, 2023

DOE releases guidelines on energy firms’ audit reports

By Alena Mae S. Flores – November 12, 2023, 9:00 pm from manilastandard.net The Department of Energy released a draft circular on the guidelines for the audit and reportorial and remittance obligations of upstream, renewable energy, small scale coal mining, […]
November 13, 2023

Meralco submits new distribution rate for 2023, 2024

By Alena Mae S. Flores – November 12, 2023, 8:35 pm from manilastandard.net Meralco lineman examined the electric hanging meters base at a post along Quezon Ave in Quezon City, As the Meralco has announced an increase in its power […]
November 11, 2023

First Gen’s profit rises 28% to P13.8b

By Alena Mae S. Flores – November 10, 2023, 9:30 pm from manilastandard.net First Gen Corp. reported on Friday a 28-percent increase in attributable recurring net income in the first nine months to $249 million (P13.8 billion) from $194 million […]
November 11, 2023

Meralco, USNC begin study on MMR

By Lenie Lectura – November 8, 2023 from Business Mirror The Manila Electric Co. (Meralco) and US-based nuclear developer Ultra Safe Nuclear Corp. (USNC) began on Monday night the pre-feasibility study for the development of micro modular reactors (MMR) in […]
November 10, 2023

NGCP says ERC rule on expenses ‘unfair’ to firm

By Alena Mae S. Flores – November 10, 2023, 12:35 am from manilastandard.net Transmission operator National Grid Corp. of the Philippines (NGCP) said Thursday the Energy Regulatory Commission’s (ERC) decision to disallow some of its expenses, despite being legitimate business […]
November 10, 2023

ACEN earned P6.6b in three quarters on asset sell-down

By Alena Mae S. Flores – November 9, 2023, 9:10 pm from manilastandard.net ACEN chief financial officer Cora Dizon ACEN Corp., the energy platform of the Ayala Group, said Thursday its consolidated net income reached P6.6 billion in the first […]
November 10, 2023

Meralco announces higher power rates in November

By Alena Mae S. Flores – November 9, 2023, 11:14 am from manilastandard.net Consumers of Manila Electric Co. (Meralco) will see their power rates in November increase by P0.2347 per kilowatt-hour on higher ancillary charges. Meralco said the overall rate […]
November 9, 2023

DOE lifts suspension on big energy project licensing

By Alena Mae S. Flores – November 8, 2023, 7:30 pm from manilastandard.net The Department of Energy (DOE) lifted the suspension on the issuance of the Certificate of Energy Project of National Significance (CEPNS) as it prepares to release new […]
November 9, 2023

ERC lowers revenue ceiling for NGCP

By Alena Mae S. Flores November 8, 2023, 6:40 pm from manilastandard.net The Energy Regulatory Commission (ERC) announced Wednesday a lower allowable revenue for National Grid Corp. of the Philippines at P36.7 billion annually, or for a total of P183.491 […]
November 9, 2023

GSIS investing P1.45 billion in Alternergy

By Alena Mae S. Flores – November 7, 2023, 8:15 pm from manilastandard.net Alternergy Holdings Corp. chairman Vince Perez (left) and Government Service Insurance System president and general manager Jose Arnulfo Veloso announce the pension fund’s P1.45-billion investment in the […]