Power News

May 29, 2020

Power rate likely to rise starting June

By Alena Mae S. Flores – May 28, 2020 at 09:10 pm from manilastandard.net The Independent Electricity Market Operator of the Philippines assured the public of sufficient power supply to meet the expected increase in demand in June as government […]
May 28, 2020

Rural co-ops seek force-majeure relief from power contracts

By Adam J. Ang – May 27, 2020 | 8:43 pm from Business World RURAL power utilities are asking the Energy Regulatory Commission (ERC) to ease their obligations under power contracts entered into with generating companies, while promising to provide […]
May 28, 2020

ERC oks P410 million Meralco projects

By Danessa Rivera – May 28, 2020 – 12:00am from The Philippine Star MANILA, Philippines — The Energy Regulatory Commission has cleared Manila Electric Co. (Meralco) to spend P410.45 million for six capital expenditure projects. The amount is lower than […]
May 28, 2020

US firm buys FGen stake for ₱7.285 B

By Myrna M. Velasco – May 27, 2020, 10:00 PM from Manila Bulletin New York Stock Exchange-listed KKR & Co., Inc. will be acquiring the common shares of First Gen Corporation with a premium at ₱22.50 per share – and […]
May 27, 2020

MGen to build diversified power portfolio in 5 years

By Lenie Lectura – May 26, 2020 from Business Mirror THE power generating arm of the Manila Electric Co. (Meralco), Meralco PowerGen Corp. (MGen), is planning to build a portfolio of 3,000 megawatts (MW) in five years. “We are targeting […]
May 27, 2020

Singapore firm eyeing FGen shares via tender offer

By Myrna M. Velasco – May 26, 2020, 10:00 PM from Manila Bulletin Singapore-incorporated firm Valorous Asia Holdings Pte. Ltd. has expressed its interest to acquire 6.0 to 9.0-percent of the common shares of listed firm First Gen Corporation via […]
May 27, 2020

Meralco to install 3.3 million smart meters

By Myrna M. Velasco – May 26, 2020, 10:00 PM from Manila Bulletin To prevent non-real time billings for consumers in the future, power utility giant Manila Electric Company (Meralco) said it will be deploying 3.3 million smart meters in […]
May 26, 2020

Murang Kuryente subsidy to take effect next year

By Adam J. Ang – May 22, 2020 | 6:37 pm from Business World   THE Power Sector Assets & Liabilities Management Corp.(PSALM) said the government’s subsidy for some universal charges will take effect next year, removing some of the […]
May 26, 2020

Meralco told: Conduct actual meter readings

By Lenie Lectura – May 26, 2020 from Business Mirror The chairman of the House Committee on Energy on Monday urged the Manila Electric Co. (Meralco) to charge its customers based on their actual power consumption. Marinduque Rep. Lord Allan […]
May 26, 2020

121 electric co-ops comply with order to help consumers

By Alena Mae S. Flores – May 25, 2020 at 07:40 pm from manilastandard.net The Philippine Rural Electric Cooperatives Association Inc. said Monday the 121 electric cooperatives in the country complied with all the directives of regulators to protect the […]