Power News

April 22, 2020

LNG market favorable in next few years due to low prices

By Adam J. Ang – April 21, 2020 | 9:38 pm from Business World   THE next years will likely be favorable for importers of liquified natural gas (LNG) like Philippines due to low prices, Fitch Solutions Country Risk and […]
April 22, 2020

Psalm extends grace period amid extended quarantine period

By Jordeene B. Lagare – April 22, 2020 from The Manila Times THE Power Sector Assets and Liabilities Management Corp. (Psalm) is extending the grace period for the payments due to the state-run firm whose due dates fall within the […]
April 22, 2020

IRR of law reducing cost of electricity signed

By BusinessMirror -April 21, 2020 The Department of Energy (DOE) and the Department of Finance (DOF) have signed the implementing rules and regulations (IRR) for the Murang Kuryente Act (MKA), which mandates cheaper electricity. The IRR for the MKA is […]
April 21, 2020

AC Energy expects to post profit this year

By Lenie Lectura -April 21, 2020 from Business Mirror AC Energy Philippines (ACEPH), the power arm of conglomerate Ayala Corp., is expected to post profit this year despite the low demand for power caused by the coronavirus disease 2019 (Covid-19) […]
April 21, 2020

Gatchalian eyes inclusion of electric bill in social amelioration plan

By Alena Mae S. Flores – April 19, 2020 at 09:40 pm from manilastandard.net Senator Sherwin Gatchalian asked the Energy Regulatory Commission and the Department of Energy to include electric bill subsidies in the government’s Social Amelioration Program for affected […]
April 20, 2020

Electricity consumers’ relief extended

By Ronnel W. Domingo – 04:16 AM April 18, 2020 INQUIRER.net / Philippine Daily Inquirer Electricity consumers will enjoy more relief from their bill burdens as the Energy Regulatory Commission (ERC) extended by another month the suspension of the collection […]
April 20, 2020

NGCP speeds up procurement of P500 million medical equipment donation

From The Philippine Star – April 19, 2020 – 12:00am MANILA, Philippines — National Grid Corp. of the Philippines (NGCP) is fast-tracking the sourcing and distribution of medical equipment critical to combating COVID-19’s effect on patients and medical frontliners. Medical […]
April 20, 2020

EDC employees launch fund drive to aid frontliners

By Alena Mae S. Flores – April 19, 2020 at 09:00 pm from manilastandard.net Employees of Energy Development Corp. of the Lopez Group have joined the fight to help health frontliners against the coronavirus disease (COVID-19) and families affected by […]
April 18, 2020

NEA authorizes rural utilities to redirect funds to customer subsidies

By Adam J. Ang – Adam J. Ang from Business World THE National Electrification Administration (NEA) is allowing rural power utilities to realign their budgets to fund relief programs for poor electric consumers. In a statement Friday, the rural power […]
April 18, 2020

Cusi asks LGUs to grant grace period on tax payments of power companies

By Alena Mae S. Flores – April 17, 2020 at 09:00 pm from manilastandard.net Energy Secretary Alfonso Cusi on Friday asked local government units to grant a grace period in the collection of taxes and other fees from the power […]