Power News

May 12, 2019

ERC widens scope of ILP activation during power ‘red alerts’

By Myrna M. Velasco – May 11, 2019, 10:00 PM from Manila Bulletin The Energy Regulatory Commission (ERC) has broadened the scope on when the interruptible load program (ILP) can be activated by a servicing distribution utility (DU), so power […]
May 11, 2019

Mindanao peak power demand hits record on May 8

By Charmaine A. Tadalan – May 9, 2019 | 10:06 pm from Business World EVENING TAO  PEAK POWER demand in Mindanao hit a record 2,013 megawatts on May 8, exceeding the 1,853 MW recorded on Dec. 13, the Mindanao Power […]
May 11, 2019

First Gen’s profit climbed by 28% to $77m in 3 months

By Alena Mae S. Flores – May 10, 2019 at 08:30 pm from manilastandard.net First Gen Corp., a Lopez Group company, reported a net income of $77 million (P4 billion) in the first quarter, up 28 percent from $60 million […]
May 11, 2019

Meralco to follow supply bidding rules

By Alena Mae S. Flores – May 09, 2019 at 07:15 pm from manilastandard.net Power retailer Manila Electric Co. expressed willingness to comply with the Supreme Court ruling ordering energy companies to undergo a competitive selection process for power supply […]
May 10, 2019

Duterte signs energy efficiency, conservation measure into law

By Arjay L. Balinbin – May 7, 2019 | 10:36 pm from Business World President Rodrigo Roa Duterte — REY BANIQUET/PRESIDENTIAL PHOTO PRESIDENT Rodrigo R. Duterte signed into law last month an energy efficiency and conservation bill, officials said. Republic Act […]
May 10, 2019

NGCP on 24/7 mode for polls

By Lenie Lectura – May 10, 2019 from Business Mirror THE National Grid Corp. of the Philippines (NGCP) said on Thursday it will activate the 24/7 operations of its Overall Command Center (OCC) starting May 10 until May 16 as […]
May 9, 2019

ERC assessing power supply deals affected by SC decision

By Myrna M. Velasco – May 8, 2019, 10:00 PM from Manila Bulletin Some distribution utilities (DUs) may lose fraction of their contracted supply as a result of the Supreme Court (SC) decision mandating all power supply agreements (PSAs) from […]
May 9, 2019

First Gen eyes more partners for LNG project in Batangas

By Lenie Lectura – May 9, 2019 from Business Mirror FIRST Gen Corp. of the Lopez group will soon firm up a list of additional partners for its LNG (liquefied natural gas) project aside from Tokyo Gas. During the company’s […]
May 9, 2019

PXP posts P7-M net income vs P8.4-M loss in Jan-March 2018

By Lenie Lectura – May 9, 2019 from Business Mirror PXP Energy Corp. on Wednesday posted a net income of P7 million from January to March this year as against a net loss of P8.4 million in the same period […]
May 8, 2019

Consunji firm expects P767-million settlement payment from PSALM

By Myrna M. Velasco – May 7, 2019, 10:00 PM from Manila Bulletin Consunji-owned Semirara Mining & Power Corporation is expecting settlement of up to P767 million from state-owned firms Power Sector Assets and Liabilities Management Corporation (PSALM) and National […]