Power News

September 15, 2021

ERC asks electricity market operator to explain ‘extreme’ price hike in Iloilo

By Alena Mae S. Flores – September 13, 2021 at 07:35 pm from manilastandard.net The Energy Regulatory Commission asked Philippine Electricity Market Corp. to respond to the queries of MORE Electric and Power Corp. on the high line rental payables […]
September 14, 2021

Meralco eyes power supply deals with PSALM, PEDC

BY LENIE LECTURA – SEPTEMBER 13, 2021 from Business Mirror The Manila Electric Co. (Meralco) has lined up its power requirements—totaling 260megawatts (MW)—that are urgently needed to avert a supply shortage when the Malampaya facility undergoes a 20-day preventive maintenance […]
September 14, 2021

PSALM aims to sell more assets

BY LENIE LECTURA AND BERNADETTE D. NICOLAS – SEPTEMBER 13, 2021 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) has set its sights on selling more assets to reduce the debts incurred by the National Power […]
September 14, 2021

Firms get nod to conduct grid impact studies

BY LENIE LECTURA – SEPTEMBER 13, 2021 from Business Mirror The Department of Energy (DOE) has given 11 firms the go-signal to conduct grid impact studies (GIS) for their power projects which will have an installed capacity of 1,797.17 megawatts […]
September 14, 2021

‘Fort Pilar to produce 3,000 MW in 5 years’

BY LENIE LECTURA – SEPTEMBER 13, 2021 from Business Mirror Fort Pilar Energy Inc. wants to produce as much as 3,000 megawatts (MW) in power generating capacity in five years after it bought the Malaya Thermal Power Plant (MTPP) from […]
September 13, 2021

ACEN boosts capital to $1 B after raising new $400-M green bonds

By Myrna M. Velasco – September 12, 2021, 7:20 AM from Manila Bulletin Ayala-led AC Energy Corporation (ACEN) has built up its fresh capital flow to US$1.0 billion, after raising US$400 million new proceeds from its green bonds offering. ACEN […]
September 13, 2021

DOE to double RE incremental installations by 2023

By Myrna M. Velasco – September 12, 2021, 7:00 PM from Manila Bulletin The Department of Energy (DOE) is proposing to hike the increment of renewable energy (RE) installations under the Renewable Portfolio Standards (RPS) policy by more than double […]
September 13, 2021

Meralco to build new substation in Paco lot

By Alena Mae S. Flores – September 12, 2021 at 07:55 pm from manilastandard.net Manila Electric Co., the biggest electricity retailer, said over the weekend it plans to construct a new modern substation facility to serve the increasing demand of […]
September 12, 2021

PSALM accepts Meralco’s P632-million offer for Paco property

By Manila Standard Business – September 11, 2021 at 10:07 am from manilastandard.net State-run Power Sector Assets and Liabilities Management Corp. accepted Manila Electric Co.’s more than P632-million offer for its Paco, Manila property on Sept. 10. PSAL said it […]
September 11, 2021

Meralco rates up by P0.1055/kWh this September billing

By Myrna M. Velasco – September 10, 2021, 3:08 PM from Manila Bulletin Household budget for electric bills will be higher this month for customers of Manila Electric Company (Meralco), as it announced a tariff hike of P0.1055 per kilowatt […]