Power News

December 10, 2022

ERC denies NGCP’s plea for delay in rate reset

By Myrna M. Velasco – December 9, 2022, 3:57 PM from Manila Bulletin The Energy Regulatory Commission (ERC) has denied the plea of National Grid Corporation of the Philippines (NGCP), which operates the country’s transmission grid, to delay the process […]
December 10, 2022

Meralco rates up by P0.3297/kWh in Dec. billing

By Myrna M. Velasco – December 9, 2022, 12:20 PM from Manila Bulletin Customers of Manila Electric Company (Meralco) will not experience relief in their electric bills this month, as the utility firm’s overall tariff will go up by P0.3297 […]
December 9, 2022

Consunji: NPC owes DMCI Power P1.3B

BY LENIE LECTURA – DECEMBER 9, 2022 from Business Mirror DMCI Power Corp. (DPC) officials said state firm National Power Corp. (NPC) has yet to pay the company P1.3 billion worth of fuel that was used by power plants under […]
December 9, 2022

DPC plans foray into solar energy

BY LENIE LECTURA – DECEMBER 8, 2022 from Business Mirror DMCI Power Corp. (DPC) will venture into solar power next year, a move that will boost its energy portfolio to around 150megawatts (MW). “Next year, we are targeting to include […]
December 9, 2022

ERC probes alleged ‘overpricing’ of power utilities

By Myrna M. Velasco – December 8, 2022, 8:27 AM from Manila Bulletin The Energy Regulatory Commission (ERC) is investigating private distribution utilities (DUs) and electric cooperatives (ECs) that have been the subject of complaints for allegedly overpricing pass-on costs […]
December 8, 2022

Synergy Grid declares fourth-quarter cash dividends

By Alena Mae S. Flores – December 7, 2022, 6:55 pm from manilastandard.net Synergy Grid and Development Philippines Inc. said Wednesday its board declared a fourth-quarter cash dividend amounting to P1.37 billion at P0.26 per share. SGP said in a […]
December 8, 2022

Meralco buying higher priced power from WESM

By Myrna M. Velasco – December 7, 2022, 4:37 PM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) has been compelled to source higher-priced electricity from the Wholesale Electricity Spot Market (WESM) to plug the gap on its […]
December 7, 2022

DOE monitors low power reserves

By Alena Mae S. Flores – December 6, 2022, 7:00 pm from manilastandard.net The Department of Energy on Tuesday assured there is enough power supply, but said it is closely looking at power demand which has been eating into the […]
December 7, 2022

ERC decision prompts San Miguel to stop supplying power to Meralco

BY LENIE LECTURA – DECEMBER 7, 2022 from Business Mirror   SMC Global Power Holdings Corp. (SMCGP), the power generation arm of conglomerate San Miguel Corp. (SMC), said it would cease to supply power to the Manila Electric Co. (Meralco) […]
December 6, 2022

Semirara sets aside P5.6B for capital spending plan

BY LENIE LECTURA – DECEMBER 6, 2022 from Business Mirror Consunji-led Semirara Mining and Power Corp. (SMPC) is allocating P5.6 billion for next year’s capital expenditure (capex) program. Of the total amount, P4.1 billion will go to the mining equipment […]