Power News

October 6, 2021

Higher fees for WESM even without prior ERC approval pushed

By Myrna M. Velasco – October 5, 2021, 3:25 PM from Manila Bulletin On fears that the Wholesale Electricity Spot Market (WESM) will be operating with financial deficit, its governance body Philippine Electricity Market Corporation (PEMC) is seeking higher market […]
October 6, 2021

SC voids rules on mandatory power supplies

By Alena Mae S. Flores – October 05, 2021 at 07:50 pm from manilastandard.net The Supreme Court declared as void the directives of the Department of Energy and the Energy Regulatory Commission on the mandatory compliance to the retail competition […]
October 5, 2021

ACEN’s $155-million wind farm in Vietnam starts operations

BY LENIE LECTURA – OCTOBER 4, 2021 from Business Mirror The 88-megawatt (MW) wind farm project of AC Energy Corp. (ACEN) and the BIM Group in Vietnam started commercial operations on Monday. The $155-million wind farm in South Central Vietnam […]
October 5, 2021

Meralco, DILG seek stable power supply

By Jordeene B. Lagare – October 4, 2021 from The Manila Times The Manila Electric Co. (Meralco) and the Department of Interior and Local Government (DILG) are intensifying their partnership to ensure uninterrupted supply of electricity especially at a time when it is needed […]
October 4, 2021

New unit of Solar PHL aims to expand local solar farms

BY LENIE LECTURA – OCTOBER 4, 2021 from Business Mirror Solar Energy Zones Inc. (SEZ), a new subsidiary of Solar Philippines, wants to host the solar power projects of other power firms. This move is meant to address the shortage […]
October 4, 2021

Malampaya gas restriction hiked Meralco rates by P0.69/kWh

By Myrna M. Velasco – October 3, 2021, 10:00 PM from Manila Bulletin The recurring gas restriction dilemma of the Malampaya field significantly accounted for the higher electric bills paid for by the customers of Manila Electric Co. (Meralco) this […]
October 4, 2021

SM Prime to use 50% RE by 2022

By James A. Loyola – October 3, 2021, 7:00 PM from Manila Bulletin SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, has committed to expand its energy source portfolio gearing towards clean energy across […]
October 4, 2021

DOE, PEIC, ECCP: PH energy sufficiency at 53%, still needs to rise

By MB Business – October 1, 2021, 4:55 PM from Manila Bulletin Photo by AC Energy Country now in state of climate justice, passing mitigation The Philippines’ energy industry has to make and carry out firm decisions to become more […]
October 2, 2021

AboitizPower’s P12 B bonds get top credit rating

By James A. Loyola – October 1, 2021, 6:07 PM from Manila Bulletin Aboitiz Power Corporation’s proposed P12-billion bond issuance has been assigned the highest Issue Credit Rating of PRS Aaa, with a Stable Outlook by Philippine Rating Services Corporation […]
October 2, 2021

SEC approves basic energy capital hike

By Jordeene B. Lagare – September 30, 2021 from The Manila Times Basic Energy Corp. secured the Securities and Exchange Commission‘s (SEC) approval to increase its capital stock to P5 billion to bankroll new and existing projects. In a disclosure on Wednesday, […]