Power News

September 5, 2024

Meralco unit acquires P7.5-b SPNEC shares

By Jenniffer B. Austria – September 4, 2024, 7:50 pm from manilastandard.net Meralco PowerGen Corp. (MGen), a subsidiary of Manila Electric Co., acquired P7.5 billion worth of shares in renewable firm SP New Energy Corp. (SPNEC). MGen acquired 5.8 billion […]
September 5, 2024

DOE eyes higher biodiesel blend for power plants

By Alena Mae S. Flores – September 4, 2024, 7:25 pm from manilastandard.net The Department of Energy (DOE) plans to work with the National Power Corp. (NPC) to test the viability of increasing the biodiesel blend in power plants up […]
September 4, 2024

SMC: Supreme Court junks ERC appeal on power deals

By Lenie Lectura – September 4, 2024 from Business Mirror San Miguel Corp. (SMC) said Tuesday the Supreme Court (SC) denied with finality an appeal filed by the Energy Regulatory Commission (ERC) against the power supply agreements (PSAs) it forged […]
September 4, 2024

Power prices at spot market fell in August

By Alena Mae S. Flores – September 3, 2024, 8:00 pm from manilastandard.net Average system-wide rates at the Wholesale Electricity Spot Market (WESM) declined in August 2024 by 0.4 percent to P5.94 per kilowatt-hour from P5.97 per kWh in July […]
September 4, 2024

ERC reaffirms rule on immediate implementation of EPSAs with provisional approval

BY Myrna M. Velasco – Sep 3, 2024 03:35 PM from Manila Bulletin At a glance Distribution utilities would often resort to emergency PSAs if there is sudden surge in their demand that are not covered in their existing PSAs […]
September 3, 2024

LNG proponents urged to rethink business plan

By Lenie Lectura – September 3, 2024 from Business Mirror A coalition advocating for the protection of the Verde Island Passage (VIP) on Monday welcomed the cancellation of a proposed liquefied natural gas (LNG) import terminal of Vires Energy Corp. […]
September 3, 2024

Rains fail to dampen power sales of Meralco in August

By Lenie Lectura – September 2, 2024 from Business Mirror The Manila Electric Co. (Meralco) saw its energy sales volume rise by nearly 8 percent year-on-year in August, a company official said over the weekend. Initial figures showed that the […]
September 3, 2024

Meralco restoring power in areas affected by ‘Enteng’

By Alena Mae S. Flores – September 2, 2024, 7:35 pm from manilastandard.net Power retailer Manila Electric Company (Meralco) said Monday it is working to restore power in areas affected by Tropical Storm Enteng involving 28,000 customers as of 12 […]
September 2, 2024

NGCP penalized for project delays

By Lenie Lectura – September 2, 2024 from Business Mirror The Energy Regulatory Commission (ERC) imposed a P3.5-million penalty against the National Grid Corporation of the Philippines (NGCP) for “unjustified delays” in implementing 10 transmission projects. In its 81-page decision […]
September 2, 2024

Laguna Wind eyes transmission line to wind project

By Alena Mae S. Flores – September 1, 2024, 7:20 pm from manilastandard.net Laguna Wind Energy Corp. asked the Energy Regulatory Commission to allow it to develop a dedicated point-to-point limited transmission facility to connect its 100-megawatt Kalayaan 2 wind […]