Power News

March 15, 2023

Average electricity spot market prices ease as gas plants reopen

By Alena Mae S. Flores – March 14, 2023, 7:30 pm from manilastandard.net The Independent Electricity Market Operator of the Philippines said Tuesday average electricity prices at the spot market for Luzon and Visayas went down by P1.69 per kilowatt-hour […]
March 15, 2023

DOE warns of high power prices during dry months

By Alena Mae S. Flores – March 13, 2023, 8:50 pm from manilastandard.net The Department of Energy warned of possible higher electricity rates during the dry months in case a tight supply would necessitate the operation of oil-based power plants. […]
March 14, 2023

ERC starts review of secondary price cap at electricity spot market

By Alena Mae S. Flores – March 13, 2023, 9:00 pm from manilastandard.net The Energy Regulatory Commission said Monday it started the review of the secondary price cap imposed at the spot market, but conceded that its removal may have […]
March 14, 2023

NGCP to complete over P100-billion transmission projects by June

By Alena Mae S. Flores – March 13, 2023, 8:25 pm from manilastandard.net Two critical transmission projects—the P52 billion Mindanao-Visayas Interconnection Project and the  P53.9-billion Cebu-Negros-Panay interconnection Project—are set to be completed by June 2023, the Department of Energy said […]
March 14, 2023

ACEN partners with US firm for 1.2GW hybrid RE projects in India

BY MYRNA M. VELASCO – March 13, 2023 4:12 PM from Manila Bulletin Ayala-led ACEN Corporation has partnered with US firm BrightNight for 1,200-megawatt (1.2-gigawatt) renewable energy portfolio buildup that will be installed in the Indian energy market. In a […]
March 14, 2023

DOE monitoring project compliance under GEAP

BY MYRNA M. VELASCO – March 13, 2023 2:35 PM   from Manila Bulletin The Department of Energy (DOE) is monitoring progress on the implementation of renewable energy (RE) projects that had been awarded with long-term power supply agreements (PSAs) under […]
March 13, 2023

NGCP schedules bid opening for ancillary services this week

By Alena Mae S. Flores – March 12, 2023, 7:35 pm from manilastandard.net System operator National Grid Corporation of the Philippines set the opening of bids for the competitive selection process for the procurement of ancillary services this week. NGCP […]
March 13, 2023

NEA updating guidelines on electric coop ratings

By Alena Mae S. Flores – March 12, 2023, 7:15 pm from manilastandard.net The National Electrification Administration said over the weekend it is incorporating in the proposed amendment to the electric cooperatives’ overall performance assessment guidelines the show cause orders […]
March 12, 2023

Summer power shock: Consumers ‘stress test’ on rate hikes, brownouts (SPECIAL FEATURE)

MYRNA M. VELASCO – Mar 11, 2023 5:06 PM from Manila Bulletin AT A GLANCE NGCP raises warning of ‘tight supply’ on summer months Many areas suffer from expensive power rates ranging from P12-P24/kWh Short-term solutions to strained power supply […]
March 10, 2023

Ayala’s energy platform spending up to P70b this year

By Alena Mae S. Flores – March 9, 2023, 8:40 pm from manilastandard.net ACEN Corp., the listed energy platform of the Ayala Group, said Thursday it is looking at capital expenditures of P50 billion to P70 billion in 2023 to […]