Power News

August 2, 2017

Lantau Group sees lower electricity rates with nonapproval of Meralco PSAs

By Lenie Lectura – August 1, 2017 from Business Mirror HONG Kong-based think tank, Lantau Group, said the nonapproval of the power-supply agreements (PSAs) between the Manila Electric Co. (Meralco) and power producers will create instead what it called a “contracting gap” that […]
August 2, 2017

WESM doing wonders for power sector

By Lenie Lectura – August 2, 2017 from Business Mirror ELEVEN years since it was launched in Luzon and seven years after in the Visayas, the Wholesale Electricity Spot Market (WESM) has promoted competition and transparency—and has continued to multiply investors—in the power […]
August 1, 2017

PetroEnergy unit gets permit for Palawan solar-power plant

By Lenie Lectura – July 31, 2017 from Business Mirror THE subsidiary of PetroEnergy Resources Corp. has secured environmental permits for its solar power project in Puerto Princesa. “The proposed 10-megawatt [MW] Puerto Princesa solar-power project of PetroGreen Energy Corp. [PGEC] secured two vital environmental […]
August 1, 2017

DoE pushes Malampaya funding

by Alena Mae S. Flores – July 31, 2017 at 07:41 pm from manilastandard.net The Energy Department is still hoping to tap the Malampaya Fund to pay the obligations of state-run Power Sector Assets and Liabilities Management Corp. and avoid future electricity rate increases. […]
July 31, 2017

Meralco solicits bids for 85-MW solar deal

by Alena Mae S. Flores – July 30, 2017 at 08:10 pm from manilastandard.net Manila Electric Co., the country’s largest power retailer, issued an invitation to other renewable energy developers to challenge the price offered by Citicore Power Inc. for the supply of up […]
July 31, 2017

PSALM universal charge hikes could drive up August electric bills

By Myrna M. Velasco – July 29, 2017, 10:00 PM from Manila Bulletin The regulator-approved hike in the universal charges of Power Sector Assets and Liabilities Management Corporation (PSALM) will likely drive up electric bills of Filipino consumers in August billing […]
July 31, 2017

NEA seeks tax exemptions for electric coops

By Myrna M. Velasco – July 30, 2017, 10:01 PM from Manila Bulletin Through a legislative measure, the National Electrification Administration (NEA) is advancing tax exemption bid for the country’s 121 electric cooperatives (ECs) that are extending services to consumers in […]
July 31, 2017

Investors seek ‘technology specific’ bid round for RE

By Myrna M. Velasco –  July 30, 2017, 10:01 PM from Manila Bulletin Renewable energy (RE) investors are advancing proposals to government that the bid round to be undertaken within the ambit of Renewable Portfolio Standards (RPS) be done on technology-specific […]
July 29, 2017

Cusi installs new 5-man team for WESM management

By Myrna M. Velasco – July 28, 2017, 10:00 PM from Manila Bulletin Energy Secretary Alfonso G. Cusi, who also sits as board chairman of the Philippine Electricity Market Corporation (PEMC), has installed new transition management team for the Wholesale Electricity […]
July 28, 2017

MRC Allied, China Energy ink renewable-power deal

By Lenie Lectura – July 27, 2017  from Business Mirror MRC Allied Inc. and China Energy Engineering Group Guangdong Power Engineering Co. Ltd. (GPEC) signed a Memorandum of Understanding (MOU) to explore opportunities in the renewable-energy (RE) sector. “The purpose of the MOU is to […]