Power News

March 12, 2018

Waste-to-power plant set to open

By Jordeene Sheex Lagare – March 12, 2108 from The Manila Times LAPU-LAPU CITY, CEBU: The first waste-to-energy facility in the Phiippines is expected to become fully operational this December. A soft opening of the facility, situated inside the Cebu Light […]
March 12, 2018

Meralco seeks regulator’s nod for P21-billion capex for 2019

By Lenie Lectura – March 11, 2018 from Business Mirror POWER retailer Manila Electric Co. (Meralco) has applied for a capital expenditure (capex) of about P21 billion for 2019. “I think we filed for something in the order of about […]
March 10, 2018

Aboitiz Equity net slides 4% to P21.6B

By Jordeene Sheex Lagare – March 10, 2018 from The Manila Times LISTED conglomerate Aboitiz Equity Ventures, Inc. (AEV) reported that its consolidated net income dropped 4 percent to P21.6 billion last year, from P22.5 billion in 2016, as one-off […]
March 10, 2018

Power rates increased in March

By Alena Mae S. Flores – March 09, 2018 at 07:55 pm from manilastandard.net Power retailer Manila Electric Co. said Friday power rates will increase by P0.85 per kilowatt-hour this month on higher generation charges and taxes and the impact […]
March 9, 2018

Excess power supply expected to moderate electricity rates

By Alena Mae S. Flores – March 08, 2018 at 09:30 pm from manilastandard.net The Philippines is now experiencing an ‘oversupply situation’ in the power sector which is expected to last five to seven years, a top executive of Aboitiz […]
March 8, 2018

8 power firms get COCs, provisional approvals

By Jordeene Sheex Lagare – March 8, 2018 from The Manila Times THE Energy Regulatory Commission (ERC) has granted final and provisional approvals to eight generation companies (gencos) in a bid to fast-track the resolution of pending applications before the […]
March 8, 2018

P750-M emergency fund for co-ops OKd

By Jordeene Sheex Lagare – March 8, 2018 from The Manila Times The bicameral conference committee on energy reconciled on Wednesday conflicting provisions of a bill seeking to provide electric cooperatives (ECs) a P750-million emergency and resiliency fund. During a […]
March 7, 2018

DOE urged to publish probe result on FIT award irregularity

By Myrna M. Velasco – Updated March 6, 2018, 3:09 PM from Manila Bulletin An aggrupation of solar farm developers in the country is urging Energy Secretary Alfonso G. Cusi to “make public” the outcome of his department’s investigation on […]
March 6, 2018

Power rates likely to rise again in March on weak peso

By Alena Mae S. Flores – March 05, 2018 at 07:13 pm from manilastandard.net Power rates are expected to go up again in March on weak peso and following the shutdown of more power plants amid rising demand, retailer Manila […]
March 6, 2018

Weak peso pulling up power project costs

By Myrna M. Velasco – Updated March 5, 2018, 4:32 PM from Manila Bulletin The weakening of the Philippine peso against the US dollar has been pulling up investment costs to power plant projects, primarily for new or greenfield developments […]