Power News

May 31, 2021

Largest solar rooftop in Bacoor switched on

By Eireene Jairee Gomez – May 29, 2021 from The Manila Times THE Green Heat Corp. and SM City Bacoor have formally switched on the 1.3-megawatt (MW) roof-mounted solar power plant in the mall, the largest of its kind in […]
May 29, 2021

Meralco rates to go up in June

By Myrna M. Velasco – May 28, 2021, 2:11 PM from Manila Bulletin With the triple impact of increasing demand due to scorching weather as well as wider economic reopening, relentless outages in power plants and restriction of gas fuel […]
May 29, 2021

SPC Power to venture into solar, hydro projects

By Myrna M. Velasco – May 28, 2021, 4:26 PM from Manila Bulletin Listed firm SPC Power Corporation is pacing its investment shift into renewables, with targeted solar and hydro projects, as well the deployment of battery energy storage systems. […]
May 29, 2021

WESM spot prices increased in May

By Alena Mae S. Flores – May 27, 2021 at 07:30 pm from manilastandard.net The average electricity prices at the Wholesale Electricity Spot Market, the trading floor of electricity, surged in May to nearly P8 per kilowatt-hour on increased demand […]
May 28, 2021

Legislation pushed to scrap FIT perks for RE projects

By Myrna M. Velasco – May 28, 2021, 6:00 AM from Manila Bulletin Congress is being urged to craft a legislative measure that shall seek to remove or renegotiate feed-in-tariff (FIT) incentives to renewable energy (RE) projects — given that […]
May 28, 2021

IEMOP activates secondary price cap

BY LENIE LECTURA – MAY 28, 2021 from Business Mirror The spike in Wholesale Electricity Spot Market (WESM) rates prompted the Independent Electricity Market Operator of the Philippines (IEMOP) to activate the secondary price cap, a price-mitigating mechanism designed to […]
May 28, 2021

Meralco to re-impose lower convenience fee

By Myrna M. Velasco – May 27, 2021, 2:17 PM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) will be re-imposing convenience fee (CF) for online payments of its customers using its Meralco Online and Mobile App, but […]
May 27, 2021

First Gen borrows $308 million from 4 banks

BY LENIE LECTURA – MAY 27, 2021 from Business Mirror File photo: First Gen’s natural gas power plants in Batangas First Gen Corp. (First Gen) has sealed a $308-million loan from four banks to refinance its debts and partly fund […]
May 27, 2021

DoE calls stake sale in Malampaya operator a ‘private transaction’

By Angelica Y. Yang – May 24, 2021 | 8:05 pm from Business World PHILSTAR THE Department of Energy (DoE) said Monday that the sale of Malampaya gas field operator Shell Philippines Exploration B.V.’s (SPEx) participating interest to Udenna Corp. […]
May 27, 2021

House committee approves bill extending term of joint energy commission

By Angelica Y. Yang – May 24, 2021 | 8:03 pm from Business Mirror THE HOUSE Committee of Energy approved a bill that will extend the term of the joint congressional energy commission (JCEC), an oversight body in charge of […]