June 24, 2021

Drop in power demand cuts spot market prices–IEMOP

BY LENIE LECTURA – JUNE 23, 2021 from Business Mirror The average Wholesale Electricity Spot Market (WESM) price dropped to P6.53 per kilowatt hour (kWh) from June 1 to 20 as demand for electricity eased compared to last month. “For […]
June 24, 2021

NCIP shutters Benguet hydropower plants

BY LENIE LECTURA – JUNE 23, 2021 from Business Mirror The National Commission on Indigenous Peoples in the Cordillera Administrative Region (NCIP-CAR) has ordered Aboitiz Power Corp.’s unit to halt the operations of its run-of-river hydropower plants in Benguet. Aboitiz […]
June 23, 2021

ERC begins audit of NGCP facilities

BY LENIE LECTURA – JUNE 22, 2021 from Business Mirror THE Energy Regulatory Commission (ERC) said it started the virtual inspection of the transmission facilities of the National Grid Corporation of the Philippines (NGCP) last June 10. “The ongoing inspections […]
June 22, 2021

PSALM pares down debt to ₧357.7B in May

BY LENIE LECTURA – JUNE 22, 2021 from Business Mirror Facade of the Agus I Hydroelectric Power Plant in Lanao del Sur owned by the Power Sector Assets and Liabilities Management Corp. THE Power Sector Assets and Liabilities Management Corp. […]