Power News

August 12, 2017

Semirara power units boost profits to P7.86 billion

By Lenie Lectura – AUGUST 10, 2017 from Business Mirror SEMIRARA Mining and Power Corp. (SMPC) posted a 24-percent increase in net income in the first half of the year to P7.86 billion, from P6.36 billion in the same period a year […]
August 10, 2017

Cusi pushes incentive scheme for innovation in energy tech

By Myrna M. Velasco – August 9, 2017, 10:01 PM from Manila Bulletin Energy Secretary Alfonso G. Cusi is “talking the talk” when it comes to incentivizing innovation on energy technologies, but the missing pieces in the equation would be concretizing […]
August 10, 2017

MRC, Uni Solar enter solar rooftop market

By Lenie Lectura – August 9, 2017 from Business Mirror MRC Allied Inc. and Uni Solar Inc. (Uni Solar) will work together to look at opportunities in developing solar-rooftop projects. The listed firm said on Wednesday that it signed a memorandum of understanding (MoU) with Uni […]
August 10, 2017

NEA ordered to report on frequent power outage in Palawan island

By Lenie Lectura – August 9, 2017 from Business Mirror THE National Electrification Administration (NEA) was given until Friday, August 11, to submit a report on the frequent power outages in Palawan. Sen. Sherwin T. Gatchalian, chairman of the Senate Committee on Energy, […]
August 10, 2017

Consumers, CSOs launch national campaign against Meralco’s costly ‘sweetheart’ deals

By BusinessMirror – August 9, 2017 Civil society organizations and consumers from the Power for People Coalition (P4P) who petitioned against Meralco’s Power Supply Agreements launched “NAGMAMAHAL, MERALCO”, a campaign contesting the company’s sweetheart deals with companies powered by dirty and costly energy. […]
August 9, 2017

Meralco rates to increase P0.1338/kWh this August

By Myrna M. Velasco – August 8, 2017, 10:01 PM from Manila Bulletin Array of factors that included regulator-approved recovery of stranded liabilities had pulled up the rates billed by Manila Electric Company (Meralco) in August billing cycle by P0.1338 per […]
August 7, 2017

Meralco bill to increase slightly in August

By Lenie Lectura – August 6, 2017 from Business Mirror In Photo: Meralco officials, led by Jose Antonio T. Valdez (seated, second from left), vice president and head of marketing; Joe Zaldarriaga (seated, fourth from left), assistant vice president and Public Information Office […]
August 4, 2017

Palace Suspends ERC chair

By: Philip C. Tubeza – August 04, 2017, 07:44 AM from Inquirer.net Malacañang on Wednesday suspended Energy Regulatory Commission (ERC) chair Jose Vicente Salazar for four months for insubordination. Executive Secretary Salvador Medialdea found Salazar guilty of insubordination for appointing an officer in […]
August 4, 2017

Meralco’s net profit fell 3% to P10.5b in six months

by Alena Mae S. Flores -August 03, 2017 at 08:05 pm  from manilastandard.net Manila Electric Co., the country’s largest power retailer, said Thursday net income declined 3 percent in the first half to P10.5 billion from P10.77 billion a year ago, […]
August 4, 2017

AEV registers net profit of P10.3b

by Alena Mae S. Flores – August 02, 2017 at 08:15 pm from manilastandard.net Aboitiz Equity Ventures Inc., the holding company of the Aboitiz Group, reported a 2-percent decline in first-half net income to P10.3 billion from P10.5 billion in the same period […]