Power News

August 13, 2020

AC Energy registers income in January-June

By Lenie Lectura – August 13, 2020 from Business Mirror Key investments allowed AC Energy Philippines Inc.’s (ACEPH) to post a net income of P1.96 billion in the first half, a significant turnaround from the P552-million net loss it incurred […]
August 13, 2020

PH eyeing to get share in $3-T energy investments for ASEAN

By Myrna M. Velasco – August 12, 2020, 7:22 PM from Manila Bulletin The Philippines will be up for a tough competition against neighbor-countries in Southeast Asia for the next round of estimated US$3.0 trillion energy investments in the region, […]
August 12, 2020

Power demand falls after return to strict lockdown

By Adam J. Ang – August 11, 2020 | 7:25 pm from Business World FREEPIK PEAK electricity demand “drastically” declined in the first week of August after Metro Manila and adjacent provinces returned to a stricter form of lockdown, known […]
August 12, 2020

DoE urges power conservation to save money during recession

By Adam J. Ang – August 9, 2020 | 6:26 pm from Business World THE Department of Energy (DoE) said electricity consumers need to be “mindful” of their power consumption during tough economic times, and reminded them of the need […]
August 12, 2020

Green energy auction seen starting next year

By Adam J. Ang – August 9, 2020 | 6:27 pm from Business World REUTERS THE Department of Energy (DoE) hopes to hold the Philippines’ first renewable energy auction next year once the volume which all power utilities intend to […]
August 11, 2020

Lower spot prices, IPP prices cut Meralco’s August power rates

By Lenie Lectura – August 11, 2020 from Business Mirror POWER spot market prices and a reduction in charges from Independent Power Producers (IPPs) resulted in a decrease of P0.2055 per kilowatt hour (kWh) in overall power rates this month […]
August 11, 2020

More Power to Peco: Let’s set aside row for sake of Iloilo electricity consumers

By Lenie Lectura – August 11, 2020 from Business Mirror MORE Electric and Power Corp. (More Power) urged Panay Electric Co. (Peco) to cooperate and set aside their differences for the benefit of the Iloilo City power consumers. More Power […]
August 11, 2020

DOE to adjust volume for renewable energy auction

By Myrna M. Velasco – August 10, 2020, 9:00 PM from Manila Bulletin The Department of Energy (DOE) is re-calibrating the aggregate volume of renewable energy (RE) capacity that it will auction next year for the distribution utilities’ compliance with […]
August 10, 2020

First Gen goal: Complete LNG terminal in April 2022

By Lenie Lectura – August 10, 2020 from Business Mirror First Gen Corp. LNG Corp. (FGEN LNG), a wholly owned subsidiary of Lopez-led First Gen Corp., will complete its offshore LNG (liquefied natural gas) terminal in January 2022, with target […]
August 10, 2020

Coal price drop cuts SMPC earnings

By Lenie Lectura – August 10, 2020 from Business Mirror Consunji-led Semirara Mining and Power Corp. (SMPC) posted a 61-percent drop in earnings in the first half due to the decline in coal and power prices. From P5.7 billion, SMPC’s […]