Power News

December 9, 2019

DOE sets formula for RE’s green energy pricing

By Myrna M. Velasco – December 7, 2019, 10:00 PM from Manila Bulletin The Department of Energy (DOE) is crafting a formula that will establish the “green energy pricing” for renewable energy (RE) based on reference costs from the Wholesale […]
December 9, 2019

PSALM brings down liabilities to P416B as of end-October ’19

By Lenie Lectura -December 9, 2019 from Business Mirror THE  Power Sector Assets and Liabilities Management Corp. (PSALM) has trimmed down its financial liabilities by P33.2 billion this year, bringing its outstanding balance to P416 billion as of end-October this […]
December 9, 2019

AC Energy investing $1b in 1,500-MW plants in 2020

By Alena Mae S. Flores – December 08, 2019 at 07:10 pm from manilastandard.net AC Energy Inc., the power unit of the Ayala Group, plans a “significant and massive” $1-billion investment next year for its 1,500-megawatt expansion here and abroad. […]
December 9, 2019

Bicol power restoration to last until December 20

By Myrna M. Velasco – December 7, 2019, 10:00 PM from Manila Bulletin Pre-Christmas nights for many Bicolanos will literally be “in the dark” as the restoration of electricity service in typhoon Tisoy-battered areas will last until December 20, based […]
December 8, 2019

Energy urges ERC to relax WESM rules

By Alena Mae S. Flores – December 06, 2019 at 08:05 pm from manilastandard.net The Department of Energy urged the Energy Regulatory Commission to relax some of its requirements to enable the start of commercial operations of the electricity spot […]
December 7, 2019

Ayala unit seeks to beef up power capacity

By Jordeene B. Lagare – December 6, 2019 from The Manila Times AC Energy Philippines Inc. (ACEPH) is scaling up its existing power capacity by about half by the end of 2020, its top official said. From the existing capacity […]
December 7, 2019

PSALM taps ADB for study on sale of CBK, Casecnan plants

By Myrna M. Velasco – December 6, 2019, 10:00 PM from Manila Bulletin State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is tapping the Asian Development Bank (ADB) to frame a study that will shape the structural mode of […]
December 6, 2019

SC rules in favor of MORE as new Iloilo distributor

By Alena Mae S. Flores – December 05, 2019 at 07:30 pm from manilastandard.net The Supreme Court overruled a lower court that earlier declared the franchise of MORE Electric and Power Corp. of businessman Enrique Razon as unconstitutional. The Supreme […]
December 6, 2019

Citing dirty fuel, consumer, clean-energy groups ask ERC to block Meralco’s power-supply deals

By Lenie Lectura -December 6, 2019 from Business Mirror COALITION of power consumers and clean-energy advocates wants the Energy Regulatory Commission (ERC) to reject the power-supply agreements (PSAs) of the Manila Electric Co. (Meralco) on their allegation that the fuel […]
December 6, 2019

Peco ‘surprised’ by ERC findings of operational lapses, says regulator ignored ‘valid points’

By Lenie Lectura -December 6, 2019 from Business Mirror BELEAGUERED power-utility firm Panay Electric Co. Inc. (Peco) said Thursday it was “surprised” by the probe results released by the Energy Regulatory Commission (ERC), saying “multiple valid points” were not taken […]