Power News

July 5, 2024

Conglomerates join bidding for Meralco’s 600 MW supply

By Alena Mae S. Flores – July 4, 2024, 8:00 pm from manilastandard.net Local conglomerates and a Thai-led power firm joined the pre-bid conference for the competitive selection process (CSP) or bidding for 600 megawatts (MW) of baseload supply intended […]
July 4, 2024

ERC defers order for DUs to report generation rate

By Lenie Lectura – July 4, 2024 from Business Mirror THE Energy Regulatory Commission (ERC) has suspended an earlier directive to distribution utilities (DUs) to submit their generation rates every fifth day of the month. “Please be informed that the […]
July 4, 2024

Meralco gets 1,220MW offered supply capacity

By Lenie Lectura – July 3, 2024 from Business Mirror THE Manila Electric Co. (Meralco) received six offers for the supply of its 400 megawatts (MW) of mid-merit requirement. “By yesterday’s deadline to express interest to participate in the 400MW […]
July 4, 2024

June WESM prices softened 24% as rainy season starts

By Alena Mae S. Flores – July 3, 2024, 7:15 pm from manilastandard.net Preliminary rates at the Wholesale Electricity Spot Market (WESM) softened in June 2024 by 25 percent with the onset of the rainy season which brought cooler temperatures. […]
July 3, 2024

Groups ask regulator to deny Meralco’s fossil supply deals

By Alena Mae S. Flores – July 2, 2024, 9:40 pm from manilastandard.net The Power for People Coalition filed petitions with the Energy Regulatory Commission (ERC) to deny Meralco’s power supply contracts with four fossil fuel plants, which they claim […]
July 2, 2024

Solar-power hub to rise in Visayas

By Lenie Lectura – July 2, 2024 from Business Mirror A subsidiary of Greenlight Renewables Holdings, Inc. proposed to build a transmission facility dedicated to connect the San Isidro Solar Power Project to the Visayas grid with a cost of […]
July 2, 2024

CREC, SLGP joint venture for Bataan solar plant project pushes through

By Alena Mae S. Flores – July 1, 2024, 10:40 am from manilastandard.net   Citicore Renewable Energy Corp. (CREC) said Monday its board has approved the proposed joint venture with San Miguel Global Light and Power Corp. (SGLP) for the […]
July 1, 2024

ACEN to supply clean energy to ADB

By Lenie Lectura – July 1, 2024 from Business Mirror THE Asian Development Bank (ADB) has chosen ACEN Renewable Energy Solutions (ACEN RES) to power its headquarters in Mandaluyong City with 100-percent renewable energy (RE). Under their agreement, ACEN RES […]
July 1, 2024

NexGen secures regulator nod for maiden offering

By Lorenz S. Marasigan and Lenie Lectura – June 30, 2024 from Business Mirror NexGen Energy Corp. (XG), a wind and solar energy company, has received the green light from the Securities and Exchange Commission (SEC) to proceed with its initial […]
July 1, 2024

ERC proposes to cap reserve market price at P19 per kWh

By Alena Mae S. Flores – June 30, 2024, 7:10 pm from manilastandard.net The Energy Regulatory Commission (ERC) proposed an interim price cap of P19 per kilowatt-hour (kWh) for the reserve market, subject to consultations and additional data from power […]