February 3, 2020

Meralco rates to go down this February

By Myrna M. Velasco – Updated February 3, 2020, 10:47 AM from Manila Bulletin Electricity rates for Manila Electric Company (Meralco) customers will be down this February billing, with initial estimates of ₱0.40 to ₱0.50 per kilowatt-hour. MERALCO logo The […]
February 3, 2020

PSALM starts soliciting bid invites for Malaya power plant privatization

By Lenie Lectura -February 3, 2020 from Business Mirror THE Power Sector Assets and Liabilities Management (PSALM) Corp. has started soliciting bid invites for the privatization of the 650-megawatt (MW) Malaya Thermal Power Plant (MTPP). “PSALM is ready to commence its third round […]
February 3, 2020

DOE tells PEMC, Iemop to submit report on electricity spot market

By Lenie Lectura – February 3, 2020 from Business Mirror THE Philippine Electricity Market Corp. (PEMC) and the Independent Electricity Market Operator of the Philippines (Iemop) were directed by the Department of Energy (DOE) to submit this week a performance report […]
February 3, 2020

PSALM to stop collecting universal charge for SCC

By Lenie Lectura – February 3, 2020 from Business Mirror THE Power Sector Assets and Liabilities Management (PSALM) Corp. will no longer collect from consumers P0.0543 per kilowatt-hour (kWh) Universal Charge for Stranded Contract Costs (UC-SCC) starting this month. “This […]