April 7, 2020

ERC moves to reduce electricity transmission charge to consumers

By Lenie Lectura -April 7, 2020 from Business Mirror In Photo: An overhead power line used for electricity transmission and distribution across large distances is seen in Bulacan. Transmission charges will be reduced to P0.4701 per kilowatt-hour (kWh) this year […]
April 7, 2020

NEA remits dividends and unused subsidies

By Alena Mae S. Flores – April 05, 2020 at 07:30 pm from manilastandard.net State-run National Electrification Administration will remit around P1.35 billion of unused subsidies and dividends to the national government to support efforts to mitigate the impact of […]
April 6, 2020

PSALM pares down debt to P417.88B

By Lenie Lectura -April 6, 2020 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) has reduced its principal financial obligations to P417.88 billion last February, from P422.011 billion recorded at the end of 2019. PSALM President […]
April 6, 2020

DOE expects Iloilo electric service to improve with MORE takeover

By Alena Mae S. Flores – April 05, 2020 at 08:30 pm from manilastandard.net The Energy Department is confident electricity customers in Iloilo City will experience better service under More Electric Power Corp. with its planned P1.8-billion modernization program. “We […]