Power News

July 27, 2021

MORE Power, PSALM forge electricity supply agreement

BY LENIE LECTURA – JULY 26, 2021 from Business Mirror Razon-led MORE Electric and Power Corp. (MORE) has signed a power supply deal with state-owned Power Sector Assets and Liabilities Management Corp. (PSALM). “We have a bilateral contract with PSALM. […]
July 26, 2021

Meralco: More priority sites now have access to electricity

BY LENIE LECTURA – JULY 26, 2021 from Business Mirror The Manila Electric Co. (Meralco), the country’s largest electricity distribution utility, has achieved its target of electrifying 536 priority sites as of June this year. From only 492 priority sites […]
July 26, 2021

DoE cautioned on Malampaya

By Myrna M. Velasco – July 26, 2021, 7:00 AM from Manila Bulletin ‘Midnight deal’ The Department of Energy (DOE) has been cautioned on granting a ‘midnight deal extension’ for the license or the Service Contract 38 of the Malampaya […]
July 26, 2021

MORE Power reduces electricity rates by 36%

By Alena Mae S. Flores – July 25, 2021 at 07:00 pm from manilastandard.net MORE Electric and Power Corp. of tycoon Enrique Razon Jr. announced over the weekend a 36-percent cut in the electricity rates of Iloilo City electricity consumers […]
July 24, 2021

NGCP to build ₧22.2-billion power network

BY LENIE LECTURA – JULY 23, 2021 from Business Mirror THE National Grid Corp. of the Philippines (NGCP) proposed to construct two interconnection projects worth P22.2 billion to ensure reliable transmission service to its customers. In separate filings with the […]
July 24, 2021

AC Energy scales up upcycling tack

BY LENIE LECTURA – JULY 23, 2021 from Business Mirror AC Energy is scaling up its waste management program by producing eco-bricks out of plastic collected from solar panel packaging materials. The power firm has piloted the circularity approach in […]
July 23, 2021

First Gen corners Menarco as new retail electricity customer

By Myrna M. Velasco – July 22, 2021, 5:00 PM from Manila Bulletin Lopez-led First Gen Corporation has beefed up anew its retail electricity market portfolio after signing up Menarco Development Corporation (Menarco), a company controlled by businessman Menardo Jimenez, […]
July 23, 2021

Meralco remains the biggest player in power retailing segment – DOE report

By Myrna M. Velasco – July 22, 2021, 1:59 PM from Manila Bulletin The power retailing segment of the restructured electricity sector still crowned power giant Manila Electric Company (Meralco) as the biggest player with 37-percent market share, according to […]
July 23, 2021

ERC urged to impose penalties on rate hike-causing GenCos

By Myrna M. Velasco – July 22, 2021, 1:57 PM from Manila Bulletin The Energy Regulatory Commission (ERC) is prodded to impose penalties against the generation companies (GenCos) that have caused unwarranted rate hikes during the power supply-strained summer months. […]
July 22, 2021

SMC power unit cementing pathway for carbon footprints reduction

By Myrna M. Velasco – July 22, 2021, 7:00 AM from Manila Bulletin The power investment unit of diversified conglomerate San Miguel Corporation (SMC) is taking steps into cementing a pathway that will pare the carbon footprints of its projects […]