Power News

January 12, 2021

Luzon power projects with supporting battery storage, financing estimated at 320 MW

By Angelica Y. Yang – January 11, 2021 | 8:04 pm from Business World   REUTERS THE Energy department has identified 13 power projects in Luzon which have obtained financing and are supported by battery energy storage systems (BESS), with their […]
January 12, 2021

Electric cooperatives borrow P439.98M in 2020

By Angelica Y. Yang – January 10, 2021 | 6:33 pm from Business World PHILSTAR/EDD GUMBAN TWENTY electric cooperatives (ECs) borrowed P439.98 million from the National Electrification Administration (NEA) in 2020, the bulk of which went to funding the distribution utilities’ capital […]
January 11, 2021

SMC unit to build P67-b power plant

By Alena Mae S. Flores – January 10, 2021 at 06:50 pm from manilastandard.net Excellent Energy Resources Inc., a unit of SMC Global Power Holdings Inc., is building a 1,700-megawatt combined cycle power plant in Barangay Dela Paz and Ilijan […]
January 11, 2021

Third party tapped for Meralco refund audit

By Myrna M. Velasco – January 11, 2021, 6:30 AM from Manila Bulletin The Energy Regulatory Commission (ERC) has tapped mid-tier accounting and advisory firm Roxas Cruz Tagle and Co., a member company of BDO International Ltd., to be its […]
January 11, 2021

AC Energy hastens offer period in SRO

By Myrna M. Velasco – January 10, 2021, 7:00 AM from Manila Bulletin Ayala-led firm AC Energy Philippines Inc. (ACEN) is accelerating the offer period for its stock rights offering (SRO) that will cover the issuance of 2,267,580,434 shares. In […]
January 11, 2021

ERC logs 21% hike in cases resolved in pandemic-stricken 2020

By Myrna M. Velasco – January 10, 2021, 6:30 AM from Manila Bulletin The coronavirus pandemic may have limited physical mobility in government offices, but the Energy Regulatory Commission (ERC) reported that it logged ‘better performance’ in 2020, with higher […]
January 9, 2021

Meralco bares P0.27 per kWH rate increase

By Alena Mae S. Flores – January 08, 2021 at 08:55 pm from manilastandard.net Power retailer Manila Electric Co. announced Friday an increase of P0.2744 per kilowatt-hour in the overall rate for a typical household to P8.7497 per kWh in […]
January 9, 2021

ERC: 3rd party to audit past Meralco refunds

By Alena Mae S. Flores – January 08, 2021 at 08:10 pm from manilastandard.net The Energy Regulatory Commission said Friday it engaged the services of an independent party to audit Manila Electric Co.’s refunds in the previous years. ERC said […]
January 8, 2021

DOE bullish on development of RE

By Lorenz S. Marasigan – January 8, 2021 from Business Mirror Farmers work at a farm in Pililia, Rizal, with the windmills operated by Alternergy Wind One Corp. at the background. The Philippines’s attempt to further cut carbon emission was […]
January 8, 2021

Meralco unit buys stake in PFBSI

By Lorenz S. Marasigan – January 8, 2021 from Business Mirror The power generation arm of Manila Electric Co. (Meralco) said on Thursday it spent P158.95 million to acquire a 20-percent shareholding in PowerSource First Bulacan Solar Inc. (PFBSI), a […]