Power News

August 7, 2024

ACEN retail arm helps RCBC Plaza switch to 100% renewable energy

By Alena Mae S. Flores – August 6, 2024, 8:40 pm from manilastandard.net ACEN Renewable Energy Solutions (ACEN RES), the retail electricity unit of the ACEN Corp., is helping RCBC Plaza in Makati City switch to 100-percent renewable energy. ACEN […]
August 7, 2024

ERC logs P49-billion savings for RES customers

BY MYRNA M. VELASCO – Aug 6, 2024 11:40 AM from Manila Bulletin AT A GLANCE According to the ERC, the average tariff being enjoyed by RES customers hovered at P5.49 per kilowatt hour (kWh) as against the more expensive […]
August 7, 2024

DOE wants shorter than three-months SIS process for power projects

BY MYRNA M. VELASCO – Aug 6, 2024 07:02 AM from Manila Bulletin AT A GLANCE According to system operator National Grid Corporation of the Philippines (NGCP), the SIS serves as a “critical assessment that determines the capacity of the […]
August 6, 2024

Meralco evaluating impact of TRO on bidding, rates

By Lenie Lectura – August 6, 2024 from Business Mirror The  Manila Electric Co. (Meralco) said Monday it will seek legal remedies after a local court issued a 20-day temporary restraining order (TRO) against its competitive selection process (CSP) for its supply […]
August 6, 2024

Meralco unit plans to join Singapore power plant’s bidding

By Alena Mae S. Flores – August 5, 2024, 7:25 pm from manilastandard.net PacificLight Power Pte Ltd. PacificLight Power Pte Ltd. (PLP), a subsidiary of the Meralco PowerGen Corp. (MGen), plans to participate in the request for proposals of Singapore’s […]
August 6, 2024

Power prices at spot market declined in July

By Alena Mae S. Flores – August 4, 2024, 8:25 pm from manilastandard.net THE Independent Electricity Market Operator of the Philippines (IEMOP) announced slightly lower systemwide power rates at the spot market in July amid lower demand. Preliminary data from […]
August 5, 2024

DOE engaging JICA for inventory of new sites for hydropower projects

BY MYRNA M. VELASCO – Aug 5, 2024 06:37 AM from Manila Bulletin AT A GLANCE The hydropower site survey is among the strategic partnerships being pursued with the Japanese government on the area of energy cooperation – and that […]
August 5, 2024

DOE seeks WESM guidelines on dispatch synchronization for co-optimized reserve market

BY MYRNA M. VELASCO – Aug 3, 2024 09:26 AM from Manila Bulletin AT A GLANCE In market co-optimization, the trading of capacity for both energy and ancillary services or reserves can be done together – instead of having them […]
August 5, 2024

Longer delivery timeframes sought for bundled RE-energy storage capacity in GEA

BY MYRNA M. VELASCO – Aug 3, 2024 10:41 AM from Manila Bulletin AT A GLANCE IRESS plants, in particular, are seen as the tangible solution that could manage the variability of renewables – primarily solar and wind; and that […]
August 3, 2024

Semirara’s profit dropped 41% to P6b in 2nd quarter

By Jenniffer B. Austria – August 2, 2024, 7:50 pm from manilastandard.net Semirara Mining and Power Corp., the coal mining and power generation unit of the Consunji family, said Friday second-quarter net income fell 41 percent to P6 billion from […]