Power News

November 7, 2019

Iloilo LGU seeking P90-M realty taxes from Peco

By Lenie Lectura -November 7, 2019 from Business Mirror The Iloilo City government said Wednesday that Panay Electric Co. (Peco) needs to settle P90 million worth of unpaid real-estate taxes to the city government before it can renew its business […]
November 7, 2019

AboitizPower posts P13.5B in net income from January-September

By Lenie Lectura -November 7, 2019 from Business Mirror Aboitiz Power Corp. recorded P13.5 billion in net income for the nine months of the year, 19 percent lower than the P16.7 billion recorded in the same period a year ago. […]
November 7, 2019

One-third of ‘contestable’ power consumers still unregistered — PEMC

By Victor V. Saulon – November 3, 2019 | 11:06 pm from Business World   UP TO 32% of electricity users that have been certified as “contestable” and can directly buy power from retail suppliers have yet to register in […]
November 7, 2019

Power biz drags AEV 9-mo profit

By Jordeene B. Lagare – November 7, 2019 from The Manila Times ABOITIZ Equity Ventures Inc. (AEV) reported on Wednesday that its consolidated net income dropped by 9 percent to P15.7 billion in the first nine months of 2019 from […]
November 6, 2019

World Bank sees rise in energy financing for LNG, RE projects

By Myrna M. Velasco – November 5, 2019, 3:44 PM from Manila Bulletin SINGAPORE – The World Bank Group is anticipating that financing flow in energy projects will be largely dominated by new projects in the liquefied natural gas (LNG) […]
November 6, 2019

Ayala energy firm inks deal to buy out foreign partners

By Myrna M. Velasco – November 5, 2019, 10:00 PM from Manila Bulletin The energy investment arm of the Ayala group has sealed agreements to buy out the shareholdings of foreign partners in its coal-fired power facility in Batangas; and […]
November 6, 2019

DOE’s call to revise Meralco terms backed

By Alena Mae S. Flores – November 04, 2019 at 07:10 pm from manilastandard.net Power for People Coalition (P4P) is supporting the call of the Department of Energy on retailer Manila Electric Co. to revise its bidding terms of reference […]
November 5, 2019

Meralco rates higher in Nov.

Yellow alert raised By Myrna M. Velasco – November 4, 2019 from Manila Bulletin With supply tightening last month, the electricity rates to be passed on by Manila Electric Company (Meralco) to its customers will be on upward movement this […]
November 5, 2019

Electric coops reduce system loss

By Myrna M. Velasco – Updated November 4, 2019, 10:35 AM from Manila Bulletin The country’s electric cooperatives (ECs) have logged average 10 percent improvement in their system loss record in the first half of the year, translating to 13 […]
November 5, 2019

AC Energy takes control of Ilocos wind power plant

By Alena Mae S. Flores – November 04, 2019 at 07:20 pm from manilastandard.net AC Energy Philippines Inc. of conglomerate Ayala Corp. is taking majority control of North Luzon Renewables Energy Corp., which owns and operates an 81-megawatt wind farm […]