Power News

May 23, 2022

ERC proposes fixed energy supply mix

By Alena Mae S. Flores – May 22, 2022, 6:15 pm from manilastandard.net Energy Regulatory Commission chairperson Agnes Devanadera proposed a 40-year fixed energy supply mix to guide investors and secure the country’s energy requirements. “Provision of a specific target […]
May 21, 2022

ERC ready to approve minimum prices for RE auction

By Myrna M. Velasco – May 20, 2022, 3:09 PM from Manila Bulletin ERC ready to approve minimum prices for RE auction The Energy Regulatory Commission (ERC) sounded off that it will beat the May 30 timeline set by the […]
May 21, 2022

NGCP conducts blackout drill

By Myrna M. Velasco – May 20, 2022, 4:20 PM from Manila Bulletin To prevent service disruptions to its load customers, system operator National Grid Corporation of the Philippines (NGCP) has carried out “blackout drill”, an annual activity to reinforce […]
May 20, 2022

ERC backs suspending fuel excise tax

BY LENIE LECTURA – MAY 19, 2022 from Business Mirror THE Energy Regulatory Commission (ERC) is supporting the proposal to suspend fuel excise tax that, its chief said, could immediately and effectively bring down power rates. ERC Chairman Agnes VST […]
May 20, 2022

Alsons Power inks pact with the Subanen people in Zamboanga del Norte

By MB Business – May 19, 2022, 9:15 AM from Manila Bulletin Alsons Energy Development Corporation (AEDC), the Alsons Power group’s project development arm, recently signed a memorandum of agreement (MOA) with the Subanen Indigenous Community of Siayan, Zamboanga del […]
May 20, 2022

PetroEnergy income up 48% to P253 M

By Myrna M. Velasco – May 18, 2022, 3:26 PM from Manila Bulletin Yuchengco-led PetroEnergy Resources Corporation (PERC) registered robust 48 percent increase in net income to P253 million in the first quarter this year versus a leaner P170 million […]
May 19, 2022

FGen budgets $810 million for capex until 2023

By Danessa Rivera – May 19, 2022 | 12:00am from The Philippine Star MANILA, Philippines — Lopez-led First Gen Corp. has earmarked a capital expenditure (capex) of $810 million until 2023, bulk of which will be used to complete its […]
May 19, 2022

Regulators fine Lopez-led power firm for frequent plant outages

By Angelica Y. Yang – May 17, 2022 | 5:44pm from Philstar.com The Energy Regulatory Commission (ERC) said monitoring generation companies (gencos) and their compliance to their yearly maximum allowable outage limits, is one way to ensure that power firms […]
May 19, 2022

ERC penalizes FGP Corp.

By Danessa Rivera – May 17, 2022 | 12:00am from The Philippine Star MANILA, Philippines — The Energy Regulatory Commission (ERC) has penalized Lopez-led FGP Corp. for breaching the maximum allowable outage days in 2021. In a 12-page decision issued […]
May 18, 2022

CREIT profit climbs to P300 M in Q1

By Myrna M. Velasco – May 17, 2022, 3:58 PM from Manila Bulletin Citicore Energy REIT Corporation (CREIT), the listed real estate investment trust (REIT) affiliate of Citicore Renewable Energy Corporation (CREC), has logged significant upturn in net income in […]