Power News

August 12, 2022

Monde Nissin, EDC ink supply contract

BY LENIE LECTURA – AUGUST 10, 2022 from Business Mirror The Monde Group has inked a power supply deal with Energy Development Corp. (EDC) for the supply of 16 megawatts (MW) for the food brand manufacturer’s 9 facilities in the […]
August 11, 2022

DOE: PHL has enough power reserves for next 6 months

BY BUTCH FERNANDEZ – AUGUST 10, 2022 from Business Mirror Raphael P.M. Lotilla UNDER questioning at a Senate Energy Committee hearing Wednesday, Department of Energy (DOE) officials allayed apprehensions over looming brownouts when asked about the power outlook for the […]
August 11, 2022

IEMOP: Power spot prices rise despite tepid demand

BY LENIE LECTURA – AUGUST 10, 2022 from Business Mirror The average wholesale electricity spot market (WESM) prices last month rose by 4.82 percent to P8.92 per kilowatt hour (kWh) despite lower demand, the Independent Electricity Market Operator of the […]
August 11, 2022

DOE prodded to disclose results of P266-M nuclear power study

By Myrna M. Velasco – August 10, 2022, 3:26 PM from Manila Bulletin The Department of Energy (DOE) is prodded to submit to the Senate and make public the P266-million nuclear power development study, which results have been unavailable until […]
August 11, 2022

Coal moratorium to stay under Marcos admin – DOE

By Myrna M. Velasco – August 9, 2022, 3:49 PM from Manila Bulletin The coal moratorium policy will be sustained under the Marcos administration, Energy Secretary Raphael Perpetuo Lotilla declared. “The moratorium on the building of new coal-fired power plants […]
August 10, 2022

SPNEC to be renamed to SP New Energy Corporation

By Myrna M. Velasco – August 9, 2022, 4:53 PM from Manila Bulletin To integrate expanded renewable energy (RE) ventures into its corporate structure, Leviste-led Solar Philippines Nueva Ecija Corporation (SPNEC) is seeking green light from its board of directors, […]
August 10, 2022

ACEN income dips in January-June

BY LENIE LECTURA – AUGUST 9, 2022 from Business Mirror ACEN Corp.’s net income in the first half declined by 19 percent year-on-year to P2.2 billion, but the company said it is optimistic about its prospects for the year after […]
August 10, 2022

DoE worried about agency’s dual role as nuclear regulator, industry promoter

By Ashley Erika O. Jose – August 9, 2022 | 8:14 pm from Business World PNRI.DOST.GOV.PH   THE Department of Energy (DoE) said the nuclear power regulatory regime must resolve potential issues regarding the Philippine Nuclear Research Institute’s (PNRI’s) dual […]
August 9, 2022

Meralco rate slightly down by P0.2087/kWh in August billing

By Myrna M. Velasco – August 8, 2022, 2:34 PM from Manila Bulletin Despite an earlier projection of a rate hike, several cost-offsetting measures ultimately pulled down the electricity tariff of Manila Electric Company (Meralco) by a marginal P0.2087 per […]
August 9, 2022

Ayala unit aims to hike RE capacity to 20GW by 2030

BY LENIE LECTURA – AUGUST 8, 2022 from Business Mirror ACEN Corp., the listed energy platform of the Ayala Group, is targeting to achieve a total of 20 gigawatts (GW) of renewable energy (RE) capacity by 2030 from the current […]