Power News

February 24, 2022

Ilocos power utility to refund P480 M to customers

By Myrna M. Velasco – February 23, 2022, 4:32 PM from Manila Bulletin Ilocos Norte Electric Cooperative (INEC) will refund its customers P480 million-worth of over-recoveries from bill collections that accrued from years 2004 to 2010. The Energy Regulatory Commission […]
February 24, 2022

AG&P to lease floating storage unit from UAE firm

BY LENIE LECTURA – FEBRUARY 23, 2022 from Business Mirror Atlantic, Gulf & Pacific International Holdings (AG&P) will lease a floating storage unit (FSU) from a state-owned oil company of the United Arab Emirates (UAE) which would be used for […]
February 24, 2022

Vivant’s COREnergy upbeat on prospects

By Alena Mae S. Flores February 23, 2022, 7:15 pm from manilastandard.net COREnergy, a wholly owned subsidiary of Vivant Energy Corp., is bullish over its business prospects as companies adapt to the new normal, and seek out cost saving energy-related […]
February 23, 2022

Citicore Renewable allots P70B for power projects

BY LENIE LECTURA – FEBRUARY 22, 2022 from Business Mirror Citicore Renewable Energy Corp. (CREC), the renewable energy arm of Citicore Power Inc., is earmarking P70 billion for the expansion of its power generation portfolio to 1,500 megawatts (MW) in […]
February 23, 2022

Al Douglas Villaos is new president of COREnergy

BY LENIE LECTURA – FEBRUARY 22, 2022 from Business Mirror A top official of publicly-listed Vivant Corp. will lead the licensed retail electricity supplier (RES) arm of Vivant Energy Corp. (VEC). VEC is the parent company of Vivant Corp. On […]
February 22, 2022

ACEN launches energy storage project

BY LENIE LECTURA – FEBRUARY 21, 2022 from Business Mirror AC Energy Corp. (ACEN), the listed energy platform of the Ayala Group, has switched on the country’s first hybrid solar and energy storage project. The 2×20 megawatt (MW) energy storage […]
February 22, 2022

CESI expands customer base

BY LENIE LECTURA – FEBRUARY 21, 2022 from Business Mirror Citicore Energy Solutions Inc. (CESI), a licensed retail electricity supplier (RES) and an affiliate of Citicore Renewable Energy Corp. (CREC), said Monday its customer base grew by 2.5 times at […]
February 21, 2022

DOE authorizes 18 more firms to supply power to large users

By Danessa Rivera – February 20, 2022 | 12:00am from The Philippine Star MANILA, Philippines — The Department of Energy (DOE) has authorized 18 retail electricity suppliers (RES) to supply renewable energy to eligible large power users under the Green […]
February 21, 2022

SC upholds ERC decision to refund INEC customers

BY LENIE LECTURA – FEBRUARY 21, 2022 from Business World The Supreme Court (SC) affirmed a 2011 decision of the Energy Regulatory Commission (ERC) which directed Ilocos Norte Electric Cooperative Inc. (INEC) to refund P480 million to its customers. In […]
February 21, 2022

Meralco’s business unit MPower joins DOE’s green energy option program

By Angelica Y. Yang – February 18, 2022 | 2:39pm from Philstar.com This file photo shows Meralco workers. MANILA, Philippines — MPower, the local retail electricity supply arm of the Pangilinan-led Manila Electric Co. (Meralco), has joined the government’s green […]