Power News

November 7, 2020

No assurance yet from DoE for ‘bright’ Christmas in Bicol

By Myrna M. Velasco – November 6, 2020, 3:08 PM from Manila Bulletin Santa Claus will soon be knocking on Filipino homes, but for the Bicol region, the Department of Energy (DOE) cannot give an assurance yet if they can […]
November 7, 2020

Meralco eyes capex of P20.69 billion in 2021

By Alena Mae S. Flores – November 06, 2020 at 08:25 pm from manilastandard.net Power retailer Manila Electric Co. has asked the Energy Regulatory Commission to approve a capital expenditure budget of P20.697 billion in 2021 to ensure the reliable […]
November 6, 2020

‘AboitizPower spending plan aimed at hiking RE portfolio’

By Lenie Lectura – November 5, 2020 from Business Mirror Aboitiz Power Corp. is setting aside P24 billion for capital expenditures (capex) next year to support new and existing power projects meant to boost its renewables portfolio and eventually hit […]
November 6, 2020

ERC cautions ECs on slow power restoration in typhoon-hit areas

By Myrna M. Velasco – November 5, 2020, 3:54 PM from Manila Bulletin The Energy Regulatory Commission (ERC) has cautioned power utilities in typhoon-hit areas that they would still need to comply with prescribed service levels that’s why they cannot […]
November 6, 2020

Meralco logs all-time high collection of P27.6-B in September

By Myrna M. Velasco – November 5, 2020, 2:43 PM from Manila Bulletin After suffering from slump on customer-payments at the height of the lockdown period in March to May, power utility giant Manila Electric Company (Meralco) logged all-time high […]
November 5, 2020

Typhoon Rolly’s damage to power infrastructure initially estimated at P33.5 million

By Lenie Lectura -November 5, 2020 from Business Mirror In this handout photo provided by the Philippine Red Cross, the remains of homes at a community after Typhoon Goni passes by San Andres, Catanduanes province, eastern Philippines on Monday Nov. […]
November 5, 2020

PSALM seeking bids for real-estate assets

By Lenie Lectura – November 4, 2020 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) said Wednesday it would rebid three real-estate assets for a total of P26.34 million. The state firm is selling its Loboc […]
November 5, 2020

Coal moratorium to only cover yet-to-be-proposed projects

By Myrna M. Velasco – November 5, 2020, 6:00 AM from Manila Bulletin The moratorium on new coal-fired power projects will only cover yet-to-be-proposed investments, according to Energy Secretary Alfonso G. Cusi. In a virtual press briefing, he classified that […]
November 5, 2020

Meralco rates expected to slightly go down this November billing

By Myrna M. Velasco – November 4, 2020, 9:40 AM from Manila Bulletin The electricity rates to be passed on by Manila Electric Company (Meralco) in its billing this November will either be flattish or will have marginal reduction, which […]
November 5, 2020

Aboitiz Power income falls 32% to P3.3-B in 3rd quarter

By Myrna M. Velasco – November 4, 2020, 1:14 PM from Manila Bulletin With depressed power demand because of the niggling impact of the coronavirus pandemic, the consolidated net income of Aboitiz Power Corporation had dipped 32-percent to P3.3 billion […]