Power News

April 18, 2020

First Gen extends buyback period for preferred shares

By Myrna M. Velasco – April 17, 2020, 10:00 PM from Manila Bulletin Lopez-owned First Gen Corporation has extended for two years its buyback program for ₱10 billion worth of issued preferred shares. The same length of buyback extension has […]
April 17, 2020

Malacañang urged to suspend VAT, UCs to cut power rates

By Myrna M. Velasco – April 16, 2020, 10:00 PM from Manila Bulletin To ease the financial pain of the Filipinos during the lockdown period, Malacañang is being urged to suspend the value added tax (VAT) and universal charge (UC) […]
April 17, 2020

ERC approves staggered payment of Meralco bills in four months

By Alena Mae S. Flores – April 16, 2020 at 08:40 pm from manilasatandard.net The Energy Regulatory Commission approved a four-month staggered payment of electricity bills to help cushion the impact of the enhanced community quarantine in Luzon on consumers. […]
April 17, 2020

SMC, NGCP hike aid to fight virus

By VG Cabuag,  Lenie Lectura -April 16, 2020 from Business Mirror Conglomerate San Miguel Corp. (SMC) on Thursday said its donation to fight the spread of the coronavirus disease 2019 (Covid-19) reached P947.7 million, as the company said it continues […]
April 17, 2020

PIPPA rejects force majeure provision in PSAs with DUs and power co-ops

By Lenie Lectura -April 16, 2020 from Business Mirror The Philippine Independent Power Producers Association Inc. (PIPPA) has turned down a proposal for power-generation companies (gencos) to accept a force majeure (FM) provision of their power- supply agreements (PSAs) with […]
April 16, 2020

Rural power consumers’ bills waived for March, April

By Adam J. Ang – April 15, 2020 | 10:01 pm from Business World POWER consumers in the countryside with usage of under 50 kilowatt-hours (kWh) will not need to pay for electricity in March and April as a form […]
April 16, 2020

Solon: Allow staggered payment of electricity bill

By Lenie Lectura -April 15, 2020 from Business Mirror A lawmaker on Wednesday pushed for staggered payments of electricity bills and for the Manila Electric Co. (Meralco) to waive its convenience fee of P47. Senate Energy Committee Chairman Sherwin Gatchalian […]
April 15, 2020

PSALM hikes power capacity of Mindanao co-ops

By Lenie Lectura -April 14, 2020 from Business Mirror THE Power Sector Assets and Liabilities Management Corporation (PSALM) said it has increased the power allocation of two Mindanao electric cooperatives (ECs) to help them provide uninterrupted service for the duration […]
April 15, 2020

DOE directs power firms to submit report on project delays

By Myrna M. Velasco – April 14, 2020, 10:00 PM from Manila Bulletin The Department of Energy (DOE) is requiring power companies to submit a list or formally report on billion-pesos worth of power projects that will likely be delayed […]
April 14, 2020

PNOC Group remits P7B to support NG efforts vs Covid-19

By Lenie Lectura -April 13, 2020 from Business Mirror THE Philippine National Oil Co. (PNOC) Group has remitted P7 billion to the national government to support efforts to mitigate the impact of the coronavirus disease 2019 (Covid) pandemic. The Department […]