Power News

December 21, 2020

LGUs receive P4.15-B share in energy fund

By Myrna M. Velasco – December 20, 2020, 6:00 AM from Manila Bulletin Remittances to local government units (LGUs) hosting energy projects reached as much as P4.155 billion this year, according to a report from the Department of Energy. The […]
December 20, 2020

ERC tightens benchmark for power plant outages

By Myrna M. Velasco – December 19, 2020, 7:00 AM from Manila Bulletin As power plant outages have been tormenting consumers not just of brownouts but also of electricity rate spikes, the Energy Regulatory Commission (ERC) has tightened the rules […]
December 20, 2020

AC Energy earmarks P10.81 B for solar, wind projects in PH

By Myrna M. Velasco – December 19, 2020, 6:30 AM from Manila Bulletin The energy investment arm of the Ayala group will be injecting additional investments of P10.81 billion for greenfield solar and wind power projects in the Luzon grid. […]
December 18, 2020

NGCP completes Mindanao backbone project

By Lenie Lectura – December 18, 2020 from Business Mirror THE National Grid Corporation of the Philippines (NGCP) has energized the Toril-Bunawan 230 kilovolt (kV) transmission line, the final component of its Mindanao 230 kiloVolt (kV) backbone project. Energization of […]
December 18, 2020

Bidders air concerns on Meralco CSP

By Lenie Lectura – December 18, 2020 from Business Mirror Interested bidders for the upcoming Competitive Selection Process (CSP) to supply the Manila Electric Co. (Meralco) 1,800 megawatts (MW) of power convened late Thursday to discuss their concerns. “There were […]
December 18, 2020

Napocor tops GCG governance ranking

By Lenie Lectura – December 18, from Business Mirror The National Power Corp. (Napocor) was named as the top-performing agency among 80 government-owned and controlled corporations (GOCCs) in the 2019 Corporate Governance Scorecard, the state firm said Thursday. From the […]
December 18, 2020

AC Energy readies funds for solar, wind projects

By Lenie Lectura – December 18, 2020 from Business Mirror The Board of Directors of AC Energy Philippines (ACEN) has approved financing for solar and wind power projects worth P10.81 billion. The company told the Philippine Stock Exchange that approval […]
December 17, 2020

‘Power spot-market rate to decline’

By Lorenz S. Marasigan – December 17, 2020 from Business Mirror The downward trend of electricity spot-market price will persist this month due to ample supply and cooler weather conditions coupled with the implementation of community quarantines in different parts […]
December 17, 2020

Davao Light to retain ISO certification

By Manuel Cayon – December 17, 2020 from Business Mirror Davao City—Davao Light and Power Co. Inc., an AboitizPower subsidiary, will likely retain its international standard certification following a 5-day audit by Cologne, Germany-headquartered evaluator for the International Organization for […]
December 17, 2020

Good news: Lower electricity prices this holiday season

By BusinessMirror – December 16, 2020 The Manila Electric Company (MERALCO) announced today  another downward adjustment of power rates as the overall rate for a typical household decreased by P0.0352 per kWh, from last month’s P8.5105 per kWh to P8.4753 […]