Power News

May 19, 2020

Quarantine grace periods weaken power firms’ finances as demand picks up

May 17, 2020 | 9:39 pm from Business World PIXABAY / JOHANNES PLENIO   THE quarantine grace periods on electricity bills have weakened the power industry’s finances even with power demand surging in the residential segment and as usage normalizes […]
May 18, 2020

DOE insists on FGen’s original LNG project completion

By Myrna M. Velasco – May 17, 2020, 10:00 PM from Manila Bulletin The First Gen Corporation (FGen) has been urged to fast-track its floating storage regasification unit (FSRU) and complete it within the term of the Duterte administration. Energy […]
May 18, 2020

SPC Power declares ₱598-M cash dividend

By Myrna M. Velasco – Updated May 16, 2020, 7:37 PM from Manila Bulletin Listed firm SPC Power Corporation had declared cash dividends to shareholders amounting to ₱0.40 per share or a total of ₱598.6 million, out of the net […]
May 18, 2020

BioPower Group, ThomasLloyd join fight against COVID-19 in Negros Occidental

By Alena Mae S. Flores – May 17, 2020 at 08:50 pm from manilastandard.net The BioPower Group with its shareholder and project sponsor European investment firm ThomasLloyd are donating over P5 million worth of goods for the fight against COVID-19 […]
May 18, 2020

Meralco announces lower power rates in May

By Manila Standard Business – May 16, 2020 at 10:13 am Manila Electric Company (Meralco) announced a P0.25-per-kilowatt hour (kWh) reduction in power rates in May. “The downward adjustment this month equates to P50 in total savings for a typical […]
May 16, 2020

Meralco dispels ‘bill shock’

By Chito Lozada – May 16, 2020 03:00 AM from tribune.net.ph The move of power distributor Manila Electric Co. (Meralco) to suspend the collection of electricity dues to comply with the provisions of the Bayanihan Act may have caused confusion […]
May 16, 2020

Vivant Energy to continue support for Palawan turtles

By Jordeene B. Lagare – May 16, 2020 from The Manila Times VIVANT Energy Corp., the power business of the Garcia-Escaño family’s Vivant Group, pledged to keep supporting efforts in rescuing and sheltering endangered sea turtles in Puerto Princesa, Palawan province. […]
May 15, 2020

Subic Enerzone solicits bids for power needs

By Lenie Lectura – May 15, 2020 from Business Mirror Subic Enerzone Corp. said in a notice it sent to the Department of Energy (DOE) that it is soliciting competitive bids for its 10-megawatt (MW) power requirement. Subic Enerzone said […]
May 15, 2020

Meralco vows to adjust next monthly bill

By Alena Mae S. Flores – May 14, 2020 at 09:00 pm from manilastandard.net The Energy Regulatory Commission and power retailer Manila Electric Co. said the next electricity bill will be adjusted to reflect the difference between actual meter readings […]
May 14, 2020

Meralco sees higher power demand under modified ECQ

By Alena Mae S. Flores – May 12, 2020 at 09:10 pm from manilastandard.net Power retailer Manila Electric Co. said it expects power demand to increase in the coming days after the government placed Metro Manila under “modified enhanced community […]