Power News

April 4, 2019

Coal-fired plants taking up slack from Mindanao hydropower during El Niño

By Carmelito Q. Francisco – April 3, 2019 | 10:18 pm from Business World DAVAO CITY — Mindanao’s shift in recent years to more power generated by coal-fired plants is for now saving the southern Philippines from energy problems caused […]
April 4, 2019

NGCP delays planned IPO

By Lenie Lectura – April 4, 2019 from Business Mirror THE National Grid Corp. of the Philippines (NGCP) on Wednesday laid down valid grounds to delay its planned initial public offering (IPO), citing, among other reasons, public threats made against […]
April 4, 2019

DOE creates task force to assess WESM performance

By Lenie Lectura – April 4, 2019 from Business Mirror THE Department of Energy (DOE) has created a task force to assess the performance of the Wholesale Electricity Spot Market (WESM) under the governance of an independent market operator (IMO). […]
April 4, 2019

Energy dep’t issues draft storage rules to support renewables

By Victor V. Saulon – April 2, 2019 | 12:07 am from Business Mirror REUTERS THE DEPARTMENT of Energy (DoE) has released a draft circular covering the regulation and operation of energy storage systems (ESS) after proponents of the technology […]
April 3, 2019

DoE soliciting comment on grid-services procurement rules

By Victor V. Saulon – April 1, 2019 | 12:16 am from Business World FREEPIK THE Department of Energy (DoE) is asking industry stakeholders to comment on a draft circular that will regulate the provision of ancillary services in the […]
April 3, 2019

With another round of ‘yellow alert’, caution raised on power rate spikes

By Myrna Velasco – April 2, 2019, 3:47 PM from Manila Bulletin With another batch of ‘yellow alert’ or deficient power reserve declaration this week, alarm bells are being raised that price spikes will be the next financial torment that […]
April 3, 2019

First Gen obtains approval to raise capital to P11.6b

By Alena Mae S. Flores – April 02, 2019 from manilastandard.net The Securities and Exchange Commission approved an increase in the capital stock of First Gen Corp. to P11.6 billion from P8.6 billion through the creation of 300 million Series […]
April 2, 2019

Enrile vows to lower cost of electricity

By Bernadette E. Tamayo – March 27, 2019 from The Manila Times FORMER Senate president Juan Ponce Enrile has pledged to push for a law lowering electricity rates by amending the Energy Power Industry Reform Act (Epira) if he wins in […]
April 2, 2019

Meralco eyes Thai firm partner for Atimonan project

By Myrna M. Velasco – April 1, 2019, 10:59 AM from Manila Bulletin The final choice on Manila Electric Company’s (Meralco) prospective partner for the 1,200-megawatt Atimonan coal-fired power project is a Thai company, with the Southeast Asian energy player […]
April 2, 2019

PEMC assesses WESM operations

By Alena Mae S. Flores – March 31, 2019 at 07:00 pm from manilastandard.net Philippine Electricity Market Corp., the governing body of the Wholesale Electricity Spot Market, is conducting readiness assessment for the implementation of the enhanced WESM design and […]