Power News

January 4, 2018

DoE warns oil firms against profiteering

By Alena Mae S. Flores – January 03, 2018 at 10:41 pm from manilastandard.net The Energy Department on Wednesday warned oil companies against profiteering from the imposition of the higher excise tax on petroleum products under the Tax Reform for Acceleration and […]
January 3, 2018

Pagbilao Energy set to operate $1-b coal-fired power plant in February

By Alena Mae S. Flores – January 02, 2018 at 08:23 pm from manilastandard.net Pagbilao Energy Corp. is set to start the full commercial operations of the $1-billion Pagbilao 3 coal-fired power plant in Quezon province in February, which will add 420 […]
January 3, 2018

Phinma Energy to withdraw lawsuit vs Psalm after Ippa deal terminated

By Lenie Lectura – January 2, 2018 from Business Mirror THE Power Sector Assets and Liabilities Management (PSALM) Corp. and Phinma Energy Corp. have agreed to terminate the Independent Power Producer Administrators (Ippa) agreement for the 40-megawatt (MW) strip of energy of […]
January 2, 2018

ERC faces work paralysis amid revamp

By Myrna M. Velasco – January 1, 2018, 10:01 PM from Manila Bulletin The top official of the Energy Regulatory Commission (ERC) raised fears that if drastic revamp will be instituted at the level of the agency’s Commissioners, work and decisions […]
December 30, 2017

Phinma Energy, PSALM reach deal to terminate Leyte power contract

By Alena Mae S. Flores – December 29, 2017 at 08:43 pm from manilastandard.net Phinma Energy Corp. and Power Sector Assets and Liabilities Management Corp. have agreed to mutually terminate the administration agreement for the 40-megawatt strip of energy of the Unified […]
December 30, 2017

RE won’t burden consumers

 By Alena Mae S. Flores – December 28, 2017 at 06:51 pm from manilastandard.net Energy Secretary Alfonso Cusi on Thursday allayed concerns the pursuit of clean and c will burden electricity consumers. “The RPS (Renewable Portfolio Standards) for On-Grid rules outlined various safety […]
December 29, 2017

WESM’s plans for derivatives market skids on legal hurdle

By Myrna M. Velasco – December 28, 2017, 10:00 PM from Manila Bulletin The plan of the Wholesale Electricity Spot Market (WESM) to introduce “derivatives market” into its array of services is skidding into a legal hurdle that considers such market […]
December 29, 2017

FIT-All interest charges swell to P527 million (Due to ERC’s delayed approval)

By Myrna M. Velasco – December 28, 2017, 10:00 PM from Manila Bulletin The interest charges to be shouldered by consumers due to delayed regulatory approval of the feed-in-tariff allowance (FIT-All) application of the National Transmission Corporation (TransCo) will swell to […]
December 29, 2017

Cusi signs RPS for RE sector, dismissing fears of rate hikes

By Myrna M. Velasco – December 28, 2017, 10:00 PM from Manila Bulletin Even with raised concerns on lack of technical and economic studies, Energy Secretary Alfonso G. Cusi already signed the Renewable Portfolio Standards (RPS) Rules that will serve as […]
December 28, 2017

Consumers face P100-B add’l cost annually

By Myrna M. Velasco – December 27, 2017, 10:01 PM from Manila Bulletin The proposed renewable portfolio standards (RPS) rules for the renewable energy (RE) sector that is not supported by technical and economic studies will pummel consumers with additional cost […]