Power News

April 10, 2018

PH power consumption up nearly 4% last year

By Jordeene Sheex Lagare – April 9, 2018 from The Manila Times Electricity consumption in the Philippines increased to 94,370 gigawatt hours (GWh) in 2017, the Department of Energy (DoE) said. In its 2017 Power Statistics report, DoE said the […]
April 10, 2018

Layug quitting post as NREB chairman

By Myrna Velasco – April 9, 2018, 2:40 PM from Manila Bulletin The chairman of the National Renewable Energy Board (NREB), lawyer Jose M. Layug, has reportedly submitted his resignation to Energy Secretary Alfonso G. Cusi effective April 30 this […]
April 10, 2018

AC Energy to finalize funding for another overseas solar project

By Lenie Lectura – April 9, 2018 from Business Mirror AC Energy Holdings Inc. targets to achieve financial close in the next month or two for another overseas solar-power project. “There’s a time pressure there. Hopefully, in one to two months, […]
April 8, 2018

NEA shakes up key officials

By Myrna M. Velasco – April 7, 2018, 10:00 PM from Manila Bulletin A major shake-up had been enforced upon the key officials of the National Electrification Administration (NEA), with some of them re-assigned to other departments and sections of […]
April 7, 2018

Weak peso could swell PSALM’s $5.3 B debts, to trigger rate hikes

By Myrna M. Velasco – April 6, 2018, 10:00 PM from Manila Bulletin State-run Power Sector Assets and Liabilities Management Corporation (PSALM) needs to face up to further financial hemorrhage with more than 50-percent of its $5.274-billion outstanding debts denominated […]
April 7, 2018

34 energy projects seeking fast-track okay under EO30

By Myrna M. Velasco – April 6, 2018, 10:00 PM from Manila Bulletin At least 34 multi-billion dollars worth of energy projects are now lodged with the Department of Energy (DOE), all seeking fast-track approvals within the ambit of Executive […]
April 7, 2018

Meralco: April power rates up P0.2250/kWh

By Alena Mae S. Flores – April 6, 2018 at 08:10 PM from manilastandard.net Manila Electric Co. announced Friday an increase of P0.2250 per kilowatt-hour in overall electricity rates for April, mainly due to the P0.1773 per kWh rise in […]
April 6, 2018

More time sought for biomass projects

By Alena Mae S. Flores – April 05, 2018 at 07:05 pm from manilastandard.net The Energy Department asked the Energy Regulatory Commission to extend the installation target for biomass and run-of-river hydro projects by another two years. ERC spokesman Floresinda […]
April 6, 2018

AC Energy eyes power portfolio topping 5 GW

By Lenie Lectura – April 5, 2018 from Business Mirror AC Energy, the power arm of conglomerate Ayala Corp., aims to build a diversified power portfolio of more than 5 gigawatts (GW) by 2025. “Our goal is to exceed 5-GW […]
April 5, 2018

WESM operator on rebirth with new corporate entity

By Myrna M. Velasco – April 4, 2018 10:00 PM from Manila Bulletin The operator of the Wholesale Electricity Spot Market (WESM) will have its rebirth via a new corporate entity – the Independent Electricity Market Operator of the Philippines […]