Power News

November 11, 2024

‘REM commercial operations to start in December’

By Lenie Lectura – November 8, 2024 from Business Mirror The commercial operations of the Renewable Energy Market (REM) is expected to finally happen next month, according to the Independent Electricity Market Operator of the Philippines (Iemop). “We are preparing […]
November 9, 2024

Alternergy fully acquires Tablas wind projects

By Ed Paolo Salting – November 9, 2024 from The Manila Times ALTERNERGY Holdings Corp. said Friday that it now owned 100 percent of Tablas Strait Offshore Wind Power Corp. (TSOWPC) after acquiring a 40-percent stake held by Shell Overseas […]
November 9, 2024

ERC approves lower P310-b revenue for NGCP

By Alena Mae S. Flores – November 8, 2024, 8:05 pm from manilastandard.net The Energy Regulatory Commission (ERC) approved a draft final determination indicating a total maximum allowable revenue of P310 billion to transmission operator National Grid Corp. of the […]
November 9, 2024

Green energy auction expected by year’s end

By Sheldeen Joy Talavera – November 7, 2024 | 8:29 pm from Business World PHILSTAR FILE PHOTO THE green energy auction (GEA)  will likely proceed within the year even though the pricing mechanisms have yet to be issued. “Towards the end […]
November 8, 2024

RE market ops set by year’s end

Right now, we are preparing for the RE market full commercial operations, targeted hopefully by December to go full commercial operations’ By Maria Bernadette Romero – 08 Nov 2024, 00:20 from Daily Tribune The Independent Electricity Market Operator of the Philippines (IEMOP) […]
November 8, 2024

ACEN income grows 24%

Corporate Business – November 8, 2024 from Malaya Business Insight ACEN Corp. booked a 24- percent surge in net income in the first nine months of the year to P8.14 billion from P6.6 billion in the same period in 2023. […]
November 8, 2024

Energy issues from the US elections, The Freeman Cebu forum

ENERGY, INFRA AND ECONOMICS By Bienvenido Oplas Jr. – November 7, 2024 | 12:00am from The Philippine Star Cebu City – Central Visayas is the third-largest or richest region in the Philippines after Metro Manila. In 2023, its regional domestic […]
November 7, 2024

Alternergy gets board nod for loan deal

By Lenie Lectura – November 7, 2024 from Business Mirror Alternergy Holdings Corp. (ALTER) has secured board approval of the convertible subordinated interest-bearing P4.4-billion loan agreement it forged with its subsidiary. The agreement also has an option for conversion as […]
November 7, 2024

House approves another 25-year franchise for Meralco

By Faith Argosino – 05:55 PM November 06, 2024 from @FArgosinoINQINQUIRER.net Meralco, INQUIRER FILES   MANILA, Philippines — The House of Representatives on Wednesday approved on final reading the bill seeking to provide another 25-year franchise to the Manila Electric […]
November 7, 2024

Power rates at spot market seen remaining stable in fourth quarter

By Alena Mae S. Flores – November 5, 2024, 8:35 pm from manilastandard.net Average electricity prices at the Wholesale Electricity Spot Market are expected to remain stable at around P4 per kilowatt-hour for the remaining months of the year due […]