Power News

May 15, 2024

PHILRECA wants Napocor to build power plants for ancillary services

By Alena Mae S. Flores – May 14, 2024, 8:10 pm from manilastandard.net The Philippine Rural Electric Cooperatives Association (PHILRECA) is pushing for an amendment to the Electric Power Industry Reform Act (EPIRA) of 2001 allowing National Power Corp. to […]
May 15, 2024

CREIT registers 17.8% profit growth

By Alena Mae S. Flores – May 14, 2024, 7:30 pm from manilastandard.net Citicore Energy REIT Corp. (CREIT) recorded a 17.8-percent increase in net income in the first quarter of 2024 to P359.275 million from P304.958 million in the same […]
May 14, 2024

NEA tells ECs to tap anti-bill shock program

By Manila Standard Business – May 13, 2024, 7:25 pm State-run National Electrification Administration (NEA) asked electric cooperatives (EC) during a summit Friday to avail of Land Bank of the Philippines’ (LBP) “Anti-Bill Shock” lending program and other services that […]
May 14, 2024

EDC gets SEC nod for P10-b ASEAN green bonds offering

By Alena Mae S. Flores – May 13, 2024, 7:00 pm from manilastandard.net The Securities and Exchange Commission approved the sale of the second tranche of Energy Development Corp.’s fixed-rate ASEAN Green Bonds totaling P10 billion to support the company’s […]
May 14, 2024

PXP, Tidemark swap P1.56-b shares

By Alena Mae S. Flores – May 13, 2024, 6:50 pm from manilastandard.net PXP Energy Corp. said Monday its board approved the issuance of 430,243,903 common shares to Tidemark Holdings Ltd. in exchange for 24,125,383 shares held by Tidemark in […]
May 14, 2024

Alternergy posts P158-m profit

By Alena Mae S. Flores – May 13, 2024, 6:40 pm from manilastandard.net Listed Alternergy Holdings Corp. said Monday it posted a net income in a nine-month period ending March 2024 at P158 million, a turnaround from its P8.6-million net […]
May 14, 2024

Diesel plants helped avert blackout in April

By Alena Mae S. Flores – May 13, 2024, 10:40 am from manilastandard.net Power generation companies called on the government to help make diesel plants more viable as these facilities helped avoid rotating power outages during red and yellow alerts […]
May 13, 2024

Meralco expects higher generation charge this month

By Patrick Miguel – May 12, 2024 | 12:00am from The Philippine Star MANILA, Philippines — Energy utility provider Manila Electric Co. (Meralco) said indications point to a higher generation charge this month as the Luzon grid was placed under […]
May 13, 2024

Spot market power rates soared in April

By Manila Standard Business – May 12, 2024, 8:05 pm System-wide electricity spot market prices increased by P1.37 per kilowatt-hour to P6.90 per kWh in April from P5.53 per kWh in March following the imposition of red and yellow alerts […]
May 11, 2024

Yuchengco’s Bohol solar project starts installing panels

By Alena Mae S. Flores – May 10, 2024, 8:05 pm from manilastandard.net Rizal Green Energy Corp. (RGEC) of the Yuchengco Group, through its special purpose company Dagohoy Green Energy Corp. (DGEC), installed the inaugural solar panel array of its […]