Power News

January 20, 2017

Hedcor ready to supply Zaneco 5 MW of power

By Lenie Lectura – January 18, 2017 from Business Mirror ZAMBOANGA del Norte Electric Cooperative (Zaneco) has again tapped Hedcor Bukidnon to supply the electric cooperative an additional 5 megawatts (MW) of electricity this year. Hedcor is a unit of […]
January 20, 2017

AC Energy eyes P7.489-billion RE investment deal in Indonesia

By Lenie Lectura – January 19, 2017 from Business Mirror AC Energy Holdings Inc. is expected to seal in the very near future another investment deal involving renewable energy (RE). The power arm of Ayala Corp., AC Energy President John […]
January 18, 2017

WESM Dec. 2016 billing rate lowest since January 2011–PEMC

By Lenie Lectura – January 7, 2017 from Business Mirror Market prices in the Wholesale Electricity Spot Market (WESM) went down to P2.28 per kilowatt-hour (kWh) for the December 2016 billing period, the lowest since January 2011. Philippine Electricity Market Corp. (PEMC) said […]
January 17, 2017

2 solar projects given FIT incentives With ‘questionable’ data completion

By Myrna M. Velasco – January 16, 2017, 10:00 PM from Manila Bulletin With a push from the newly installed chairman of the National Renewable Energy Board (NREB) but without the knowledge of Energy Secretary Alfonso G. Cusi, two solar projects […]
January 16, 2017

20-day Malampaya shutdown to cost consumers P3 B

by Myrna M. Velasco –  January 14, 2017, 10:00 PM from Manila Bulletin The scheduled 20-day shutdown of the Malampaya gas production facility will cost Filipino consumers P3.0 billion, representing the extent of additional costs they will be paying with […]
January 16, 2017

SMC’s power plant bid denied

by Alena Mae S. Flores  – January 15, 2017 at 08:45 pm from Manila Standard Today Power Sector Assets and Liabilities Management Corp. excluded San Miguel Corp. from the list of power companies bidding for the 650-megawatt Malaya thermal power plant in […]
January 13, 2017

Cabinet approves Malampaya Fund use to retire power debts

By Myrna M. Velasco –  January 12, 2017, 10:01 PM from Manila Bulletin The economic cluster of the Duterte Cabinet has already given the green light for the use of the Malampaya Fund to retire the estimated P245-billion residual liabilities […]
January 12, 2017

DOE may lower WESM secondary price cap during Malampaya shutdown

By Lenie Lectura – January 10, 2017 from Business Mirror THE Department of Energy (DOE) has raised the possibility of further lowering the secondary price cap in the Wholesale Electricity Spot Market (WESM) to cushion the possible impact during the 20-day shutdown of […]
January 11, 2017

ERC issues COC, COE to 17 solar-power providers under 2nd round of FiT scheme

By Lenie Lectura – January 9, 2017 from Business Mirror THE Energy Regulatory Commission (ERC) has issued certificates of compliance (COCs) to solar-power providers under the second round of the feed-in-tariff (FiT) scheme. “We already completed the issuance of COCs for the solar-power […]
January 11, 2017

16 solar plants secure FIT rates

Alena Mae S. Flores – January 09, 2017 at 08:30 pm from Manila Standard Today The Energy Regulatory Commission granted a feed-in tariff rate of P8.69 per kilowatt-hour to 16 solar projects as endorsed by the Energy Department under the second […]