Power News

March 2, 2021

DOE sets ‘one-year banking’ of RE net metering credits

By Myrna M. Velasco – March 1, 2021, 3:36 PM from Manila Bulletin The Department of Energy (DOE) has laid down a policy allowing “one-year banking” of credits that an end-user may claim under the net metering program in the […]
March 1, 2021

Lower RCOA attracts new power customers

By Myrna M. Velasco – March 1, 2021, 7:00 AM from Manila Bulletin At least 13 new customers – mostly buildings and water pumping stations in Metro Manila that include Maynilad Water Services Inc. – have switched electricity suppliers following […]
March 1, 2021

NGCP seeks inputs to update transmission dev’t plan

By Myrna M. Velasco – March 1, 2021, 6:30 AM from Manila Bulletin Transmission firm National Grid Corporation of the Philippines (NGCP) has been engaging industry stakeholders for inputs into the 20-year transmission development plan (TDP) that it is currently […]
February 27, 2021

PXP Energy narrows net loss in 2020

By Jordeene B. Lagare – February 27, 2021 from The Manila Times PXP Energy Corp. shrank its consolidated net loss to P76.3 million last year on lower output and decline in crude oil prices. The Pangilinan-led company said in a […]
February 27, 2021

WESM forecasts spike in summer power demand

By Myrna M. Velasco – February 26, 2021, 1:49 PM from Manila Bulletin With cyclical temperature rise, the operator of the Wholesale Electricity Spot Market (WESM) is forecasting demand increases during the summer months, primarily around April to May this […]
February 26, 2021

Meralco sees lower rates in March

By Lorenz S. Marasigan – February 26, 2021 from Business Mirror Power lines run beside a sign for the Manila Electric Co. (Meralco) Makati branch in Manila, the Philippines, on Monday, March 23, 2009. Manila Electric Co. is the largest […]
February 26, 2021

SMC seeks continued discussion with PSALM on P23.94-B billing dispute

By Myrna M. Velasco – February 26, 2021, 6:00 AM from Manila Bulletin Diversified conglomerate San Miguel Corporation (SMC) is inclined to resolve at the negotiating table the P23.94 billion billing dispute of its subsidiary South Premiere Power Corporation (SPPC) […]
February 26, 2021

Electric coops urged on timely CSP of power supply deals

By Myrna M. Velasco – February 25, 2021, 8:00 AM from Manila Bulletin The country’s electric cooperatives (ECs) are prodded to undertake their competitive selection process (CSP) on power supply agreements (PSAs) to guarantee that they will not suffer supply […]
February 25, 2021

PSALM rejects SPPC offer for Ilijan plant

By Bernadette D. Nicolas – February 25, 2021 from Business Mirror The Ilijan Power Plant sits on a 60-acre site at Arenas Point, Barangay Ilijan, Batangas City. State-run Power Sector Assets and Liabilities Management Corp. (PSALM) rejected the “new” and […]
February 25, 2021

SEC approves Aboitiz Power’s application to sell fixed-rate bonds worth at least P30 billion

By Alena Mae S. Flores – February 24, 2021 at 08:15 pm from manilastandard.net The Securities and Exchange Commission approved the application of Aboitiz Power Corp. to raise up to P30 billion. The SEC en banc in a meeting on […]