October 9, 2017

Ang asks Psalm to act against volatility of spot-market prices

By Lenie Lectura – October 8, 2017 from Business Mirror BUSINESSMAN Ramon S. Ang urged the Power Sector Assets and Liabilities Management Corp. (Psalm) to protect consumers from volatility of spot-market prices and not expose them. Ang issued his statement as […]
October 9, 2017

Meralco to pursue bid for AEC stake

By Lenie Lectura – October 3, 2017 from Business Mirror THE Manila Electric Co. (Meralco) said it would pursue bidding for AES Corp.’s controlling stake in the 600-megawatt (MW) coal-power plant in Masinloc, Zambales. Meralco President Oscar Reyes said the utility firm is […]
October 5, 2017

Meralco nudges ERC on 7 PSA applications

By Lenie Lectura – October 4, 2017 from Business Mirror A top official of the Manila Electric Co. (Meralco) said the utility firm “remains hopeful” that regulators will immediately act and approve soon its seven power-supply agreement (PSA) applications. “We still remain hopeful. […]
October 5, 2017

ERC okays P30.6-million WESM budget for Mindanao in 2017

By Lenie Lectura – October 3, 2017 from Business Mirror THE Energy Regulatory Commission (ERC) has approved a preoperating budget of P30.6 million for the Wholesale Electricity Spot Market (WESM) in Mindanao for 2017. The budget approved for the Philippine Electricity Market Corp. […]