Power News

April 19, 2023

DOE issues TOR for green energy auction

BY LENIE LECTURA – APRIL 19, 2023 from Business Mirror The Department of Energy (DOE) released on Tuesday the Terms of Reference (TOR) for the second round of the Green Energy Auction Program (GEA2), paving the way for the auction […]
April 18, 2023

PSALM cuts debt by ₧18.39B in Q1

BY LENIE LECTURA – APRIL 18, 2023 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) trimmed its debts by P18.39 billion to P328.37 billion in the first quarter. At end-March, the state firm’s principal debt stood […]
April 18, 2023

ERC, IEMOP discuss pass-on scheme on deferred P22.64-B charges

BY MYRNA M. VELASCO – Apr 17, 2023 04:35 PM from Manila Bulletin The Energy Regulatory Commission (ERC) has been discussing with the Independent Electricity Market Operator of the Philippines (IEMOP) the proposed measures for the pass-on of P22.64 billion […]
April 17, 2023

Meralco unit to invest in LNG

BY LENIE LECTURA – APRIL 17, 2023 from Business Mirror Atimonan One Energy (A1E), a wholly-owned subsidiary of Manila Electric Co.’s (Meralco) power generation arm Meralco PowerGen Corp. (MGen), is now shifting to liquefied natural gas (LNG). The Meralco unit […]
April 17, 2023

Meralco, South Premiere ink 180-MW power supply deal

BY LENIE LECTURA – APRIL 17, 2023 from Business Mirror The Manila Electric Co. (Meralco) and South Premiere Power Corp. (SPPC) have entered into another emergency power supply agreement (EPSA) covering 180 megawatts (MW) of baseload capacity. “We already executed […]
April 17, 2023

RE Market transfer to IEMOP readied

BY MYRNA M. VELASCO – Apr 16, 2023 6:18 PM from Manila Bulletin AT A GLANCE The RE Market will serve as a venue for paper trading of RE certificates This will be an added market for RE capacities being […]
April 17, 2023

SMC leads PH’s debut in global ‘LNG importers club’

BY MYRNA M. VELASCO – Apr 16, 2023 6:18 PM from Manila Bulletin AT A GLANCE SMC is the first power generation company to bring in LNG into the country, hence, that marks the debut of the Philippine energy market […]
April 15, 2023

DOE approves 64 offshore wind contracts

By Alena Mae S. Flores – April 14, 2023, 7:45 pm from manilastandard.net The Department of Energy granted 64 offshore wind service contracts with a combined capacity of 50,678 megawatts, reflecting continued strong interest in the emerging technology. DOE assistant […]
April 15, 2023

NGCP conducts skills exhibition at substation

By Alena Mae S. Flores – April 14, 2023, 7:35 pm from manilastandard.net Transmission operator National Grid Corp. of the Philippines held a substation operation, maintenance and testing skills exhibition in Pampanga to promote excellence in operations. The activity, which […]
April 14, 2023

Meralco extends rate discounts to 2.6M lifeline customers

BY MYRNA M. VELASCO – Apr 13, 2023 3:12 PM from Manila Bulletin At least 2.6 million customers of Manila Electric Company (Meralco) will continue to receive discounts in their electric bills as mandated under Republic Act 11552 or the […]