Power News

June 28, 2021

DOE delays 2,000MW RE capacity auction to October

By Myrna M. Velasco – June 28, 2021, 6:00 AM from Manila Bulletin The Department of Energy (DOE has deferred until October this year the targeted auction of 2,000 megawatts of renewable energy (RE) capacity to be covered by the […]
June 28, 2021

PEMC told to defer surplus collection

By Jordeene B. Lagare – June 25, 2021 from The Manila Times The Energy Regulatory Commission (ERC) ordered the Philippine Electricity Market Corp. (PEMC) to postpone the collection of the net settlement surplus (NSS) from distribution utilities and electric cooperatives. […]
June 28, 2021

Energy dep’t says 15 sites identified with potential to host future nuclear facilities

By Angelica Y. Yang – June 24, 2021 | 9:37 pm from Business World REUTERS THE Department of Energy (DoE) has identified 15 sites as possible locations for nuclear power generating plants, subject to further evaluation of their potential to […]
June 26, 2021

EDC sets PDEx listing of oversubscribed P5-B green bonds

By Myrna M. Velasco – June 25, 2021, 4:05 PM from Manila Bulletin Lopez-led Energy Development Corporation (EDC) listed on Friday (June 25) with the Philippine Dealing and Exchange Corporation (PDEx) the P5.0 billion first tranche of its ASEAN green […]
June 26, 2021

PXP Energy upbeat, eyeing two exploration deals—official

By Alena Mae S. Flores – June 25, 2021 at 07:30 pm from manilastandard.net PXP Energy Corp. is confident of securing two new petroleum service contracts amid rising global oil prices. “We look forward to a better second half of […]
June 26, 2021

NEA tells co-ops to develop capacity for emergencies

By Angelica Y. Yang – June 24, 2021 | 9:26 pm from Business World PHILSTAR THE National Electrification Administration (NEA) said Thursday that electric cooperatives (ECs) need to develop their own emergency generation capacity to serve as standby power when […]
June 26, 2021

AC Energy, Citicore break ground for 72-MW Pampanga solar farm

By Alena Mae S. Flores – June 24, 2021 at 06:47 pm from manilastandard.net AC Energy Corp. and Citicore Power Inc. on Thursday held the groundbreaking ceremony for the 72-megawatt Arayat-Mexico solar farm in Pampanga province that will cost P2 […]
June 25, 2021

PEMC asked to stop electricity adjustment rates

By Alena Mae S. Flores – June 24, 2021 at 07:35 pm from manilastandard.net The Energy Regulatory Commission ordered Philippine Electricity Market Corp. Thursday to defer the collection of the so-called Net Settlement Surplus adjustments of about P0.20 per kilowatt-hour […]
June 25, 2021

Melchor Ridulme named NAPOCOR OIC

By Jordeene B. Lagare – June 24, 2021 from The Manila Times THE National Power Corp. (Napocor) has appointed Melchor Paz Ridulme as officer-in-charge (OIC) following the demise of Napocor President and Chief Executive Officer (CEO) Pio Benavidez. Ridulme, Napocor’s […]
June 25, 2021

DoE to regulate reserve power procurement, require 5-year forecasts from NGCP

By Angelica Y. Yang – June 23, 2021 | 9:09 pm from Business World THE Department of Energy (DoE) said it will set a competitive process for the grid operator’s procurement of reserve power, known as ancillary services (AS), and […]