April 30, 2022

WESM settlement prices down in April

By Myrna M. Velasco – April 29, 2022, 3:23 PM from Manila Bulletin With higher capacity availability from power plants, the settlement prices at the Wholesale Electricity Spot Market (WESM) had softened to P6.26 per kilowatt hour (kWh) this April […]
April 29, 2022

Meralco to bid out new 1,100MW power supply deals

By Myrna M. Velasco – April 28, 2022, 2:41 PM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) will be undertaking fresh round of competitive selection process (CSP) to auction power supply agreements (PSAs) covering 1,100 megawatts for […]
April 28, 2022

Aboitiz Power income down 53% to P2.9 B in 1st quarter

By Myrna M. Velasco – April 27, 2022, 2:19 PM from Manila Bulletin The consolidated net income of listed firm Aboitiz Power Corporation significantly dropped by 53 percent to P2.9 billion in this year’s first quarter from heftier earnings of […]
April 28, 2022

EDC’s Mindanao plant starts delivery to Mindanao grid

By Myrna M. Velasco – April 27, 2022, 2:59 PM from Manila Bulletin The 3.6-megawatt binary expansion of the Mindanao geothermal power plant of Lopez-led Energy Development Corporation (EDC) is now delivering capacity into the grid, hence, reinforcing Mindanao’s portfolio […]