Power News

May 22, 2020

Electric co-ops suffer damage worth P170m

By Manila Standard Business – May 20, 2020 at 08:30 pm from manilastandard.net The National Electrification Administration on Wednesday estimated the initial cost of damage incurred by electric cooperatives from Typhoon “Ambo” at P170 million. Based on the reports received […]
May 22, 2020

Meralco waives ‘convenience fee’

By Myrna M. Velasco – May 21, 2020, 10:00 PM from Manila Bulletin Following a correspondence sent by Energy Secretary Alfonso G. Cusi, power utility giant Manila Electric Company (Meralco) announced that it will temporarily waive the ₱47 convenience fee […]
May 21, 2020

Some coal plants defer shipments due to low power demand

By Myrna M. Velasco – May 20, 2020, 10:00 PM from Manila Bulletin A number of coal plants in the country have been deferring schedules of their coal deliveries because of declining electricity demand, not exactly a case of logistical […]
May 21, 2020

DOE revising power demand, outlook

By Lenie Lectura – May 21, 2020 from Business Mirror THE Department of Energy (DOE) is revising the country’s projected power demand and supply for the year as economic activity slowed down during the pandemic. DOE Assistant Secretary Redentor Delola […]
May 21, 2020

Renewable energy should be at the heart of virus recovery plans: IEA

By AFP and Kelly Macnamara – May 20, 2020 at 04:00 pm from manilastandard.net The International Energy Agency on Wednesday called on governments to put clean energy at the heart of their coronavirus economic recovery plans, as it forecast the […]
May 20, 2020

First Gen recurring earnings decline 15% to P3.3 billion

By Myrna M. Velasco – May 19, 2020, 10:00 PM from Manila Bulletin The recurring earnings of First Gen Corporation dropped 15-percent to P3.3 billion (US$65 million) in the first quarter versus a more upbeat P4.0 billion (US$77 million) in […]
May 20, 2020

DOE to Meralco: Explain online fee

By By Lenie Lectura & Jovee Marie N. Dela Cruz – May 20, 2020 from Business Mirror The Manila Electric Co. (Meralco) was asked by the Department of Energy (DOE) to explain the rationale behind the collection of the P47 […]
May 19, 2020

PNOC-EC acquires 10% in Uy’s acquisition of Malampaya stake

By Myrna M. Velasco – May 18, 2020, 10:00 PM from Manila Bulletin State-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) has firmed up its deal with businessman Dennis Uy’s UC Malampaya Philippines Pte. Ltd. to acquire 10 percent of the […]
May 19, 2020

Firms seen to defer PH exploration plans

By Jordeene B. Lagare – May 18, 2020 from The Manila Times SOME exploration companies are expected to shelve their plans to explore petroleum resources in the Philippines for about a year as the world continues to grapple with the […]
May 19, 2020

ERC to Meralco: Explain power bill computation

By Lenie Lectura – May 19, 2020 from Business World The Energy Regulatory Commission (ERC) has asked the Manila Electric Co. (Meralco) to explain how it computed electricity bills for March to April this year, following mounting complaints from subscribers. […]