September 6, 2024

DOE eyeing 31 ports to support offshore wind power projects in PH

By Alena Mae S. Flores – September 5, 2024, 7:55 pm from manilastandard.net The Department of Energy (DOE) is considering 31 ports to support the development of around 66,000 megawatts from 92 offshore wind power projects nationwide. DOE assistant secretary […]
September 5, 2024

Meralco unit acquires P7.5-b SPNEC shares

By Jenniffer B. Austria – September 4, 2024, 7:50 pm from manilastandard.net Meralco PowerGen Corp. (MGen), a subsidiary of Manila Electric Co., acquired P7.5 billion worth of shares in renewable firm SP New Energy Corp. (SPNEC). MGen acquired 5.8 billion […]
September 5, 2024

DOE eyes higher biodiesel blend for power plants

By Alena Mae S. Flores – September 4, 2024, 7:25 pm from manilastandard.net The Department of Energy (DOE) plans to work with the National Power Corp. (NPC) to test the viability of increasing the biodiesel blend in power plants up […]
September 4, 2024

Power prices at spot market fell in August

By Alena Mae S. Flores – September 3, 2024, 8:00 pm from manilastandard.net Average system-wide rates at the Wholesale Electricity Spot Market (WESM) declined in August 2024 by 0.4 percent to P5.94 per kilowatt-hour from P5.97 per kWh in July […]