Power News

January 11, 2025

Indonesian firm invests P6.7 billion in Citicore Renewable Energy

By Gabriell Christel Galang – Jan 10, 2025 01:19 PM from Manila Bulletin Citicore Renewable Energy Corporation (CREC), a leading renewable energy (RE) developer in the Philippines, announced that PT Pertamina Power Indonesia (Pertamina NRE), an Indonesian-based energy firm, has […]
January 10, 2025

BIR confirms power grid paying franchise tax religiously —NGCP

By Malaya Business Insight – January 9, 2025 The National Grid Corporation of the Philippines (NGCP) said the Bureau of Internal Revenue (BIR) has confirmed the grid operator religiously pays the 3-percent franchise tax mandated by law. NGCP in a […]
January 10, 2025

MSpectrum installs solar panels at Cavite water utility

By Sheldeen Joy Talavera – January 9, 2025 | 12:04 am from Business World MSPECTRUM.COM.PH MSPECTRUM, Inc., a wholly owned solar subsidiary of Manila Electric Co. (Meralco), has energized a 33-kilowatt-peak (kWp) solar rooftop facility to power the water pumps […]
January 10, 2025

DOE: Dimalanta suspension causes pricing delay, hampering CBK privatization

By Gabriell Christel Galang – Jan 9, 2025 02:28 PM from Manila Bulletin The Department of Energy (DOE) said that delays in the privatization of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant are due to setbacks in establishing the Price Determination […]
January 9, 2025

Meralco forecasts lower January bills due to improved supply

By Gabriell Christel Galang – Jan 9, 2025 01:00 PM from Manila Bulletin Manila Electric Company (Meralco) customers can breathe a sigh of relief as the power retailer forecasted lower electricity rates for January, citing improved supply conditions and lower […]
January 9, 2025

DoE shows fangs vs idle RE deals

By Maria Bernadette Romero – 09 Jan 2025, 03:43 from The Daily Tribune Under existing regulations, solar energy service contracts give developers two years to complete the pre-development phase Energy Secretary Raphael Lotilla Photograph courtesy of DoE The Department of […]
January 9, 2025

SC upholds contested EPIRA provisions

By Chloe Mari A. Hufana – January 7, 2025 | 8:38 pm from Business World ANDREY METELEV-UNSPLASH THE Supreme Court (SC) affirmed the constitutionality of several provisions of the Electric Power Industry Reform Act (EPIRA), ruling that electricity generation and […]
January 8, 2025

ERC OKs P101 billion energy investments in 2024

By Brix Lelis – January 8, 2025 | 12:00am from The Philippine Star In a recent press briefing, ERC chairperson and CEO Monalisa Dimalanta said the agency issued decisions to 37 capital expenditure (capex) projects filed by the National Grid […]
January 8, 2025

NexGen firm hikes stake in SPARC to 95.56%

By Jed Macapagal – January 8, 2025 from Malaya Business Insight NexGen Energy Corp. subscribed to an additional 80 million common shares in its subsidiary, Solar Powered Agri-rural Communities Corp. (SPARC), increasing its ownership stake from 77.78 percent to 95.56 […]
January 8, 2025

ERC agrees to complete rate reset of Meralco, NGCP in first semester

By Alena Mae S. Flores – January 7, 2025, 8:10 pm from manilastandard.net The Energy Regulatory Commission committed to completing the rate reset for Manila Electric Co. and National Grid Corp. of the Philippines as part of its regulatory priorities […]