Power News

November 11, 2022

Philippines urged to spell how offshore wind industry can help meet energy mix targets

By Kyle Aristophere T. Atienza – November 10, 2022 | 8:17 pm from Business World REUTERS THE renewable energy industry needs the government to draft a plan giving offshore wind projects a clear role in decarbonizing the power industry, after […]
November 11, 2022

NGCP to file appeal against penalties slapped by ERC

BY LENIE LECTURA – NOVEMBER 11, 2022 from Business Mirror The National Grid Corporation of the Philippines (NGCP) will appeal the decision of the Energy Regulatory Commission (ERC) to penalize it for non-compliance with the policies on ancillary service issued […]
November 11, 2022

NGCP fined P5.1 million over failure to maintain adequate reserve power

By Ashley Erika O. Jose – November 8, 2022 | 8:21 pm from Business World NGCP.PH THE Energy Regulatory Commission (ERC) said it levied a P5.1-million fine on the National Grid Corp. of the Philippines (NGCP), citing its failure to […]
November 10, 2022

PLDT inks power supply deal with EDC

BY LENIE LECTURA – NOVEMBER 10, 2022 from Business Mirror PLDT Inc. has tapped Energy Development Corp. (EDC) to supply power to its facilities in Davao as part of its decarbonization roadmap, which aims to further reduce its greenhouse gas […]
November 10, 2022

Meralco rates up by P0.0844/kWh in November billing

By Myrna M. Velasco – November 9, 2022, 2:27 PM from Manila Bulletin Customers of Manila Electric Company (Meralco) will experience higher electric bills this month as its overall tariff went up by P0.0844 per kilowatt hour (kWh) to P9.9472 […]
November 10, 2022

Power producers seek permanent zero tariff on non-ASEAN coal

By Bernie Cahiles-Magkilat – November 9, 2022, 4:45 PM from Manila Bulletin Independent power producers (IPPs) in the country are asking for a permanent zero tariff on all types of coal imports from non-ASEAN countries to diversify sources of coal […]
November 9, 2022

SPNEC changes name to SP New Energy Corp.

By Jenniffer B. Austria – November 8, 2022, 9:10 pm from manilastandard.net Solar Philippines Nueva Ecija Corp. said Tuesday it changed its corporate name to SP New Energy Corp. SPNEC said in a disclosure to the stock exchange the change […]
November 9, 2022

Investors hold on to SMC Global Power’s securities

By Alena Mae S. Flores – November 8, 2022, 9:00 pm from manilastandard.net San Miguel Corp. said Tuesday the investors’ decision to hold on to SMC Global Power Holding Corp.’s securities reflects the company’s continued strong business fundamentals. SMC said […]
November 9, 2022

ACEN 9-month income slightly down to P5.35 B

By Myrna M. Velasco – November 8, 2022, 4:45 PM from Manila Bulletin The nine-month income of ACEN Corporation, the energy investment arm of the Ayala group with domestic and offshore market-operations, declined slightly to P5.35 billion this year from […]
November 8, 2022

ACEN secures P17.4-b deal to retire 246-MW coal plant

By Alena Mae S. Flores – November 7, 2022, 8:35 pm from manilastandard.net ACEN Corp,., the energy platform of the Ayala Group, announced Monday its full divestment from South Luzon Thermal Energy Corp.’s coal plant using the energy transition mechanism […]