Senator Risa Hontiveros on Tuesday, June 15 urged the Energy Regulatory Commission (ERC) to investigate Manila Electric Co.'s (Meralco) recent announcement of a power rate hike for June saying it “defies logic” even under the regime of deregulation. Hontiveros said the ERC must provide a...
President Duterte has cautioned that the power outages in Luzon might hurt the government's efforts to respond to the pandemic as well as promote the country's economic recovery. President Rodrigo Duterte delivers a public address on June 14, 2021 (Malacañang) The President issued the statement...
Garcia-led Vivant Energy Corporation and its subsidiary company Gigawatt Power Inc. have inked a 15-year power supply agreement (PSA) to supply the long-term electricity needs of Pampanga II Electric Cooperative (PELCO II). The supply pact was forged between PELCO II and La Pampanga Energy...
Senator Risa Hontiveros on Friday said she supports the proposal to restore to the government control of the National Grid Corp. of the Philippines (NGCP) saying this would allow better management of grid reserves and fix cyber-security issues in the power transmission sector. “It is time to...
Senator Sherwin Gatchalian on Friday said he has “grave reservations” over the Department of Energy’s (DOE) proposal to revert the control of the country’s power grid back to the government. Gatchalian, chairman of the Senate Committee on Energy, pointed out corruption was the main reason...
The Department of Energy (DOE) on Thursday assured it is investigating if there is indeed possible collusion among power distribution firms to ascertain if this is the cause of the recent rotational brownouts that occurred in Luzon. DOE chief Alfonso Cusi told the Senate Energy Committee the agency...
The Development Bank of the Philippines (DBP) granted a P750-million revolving credit line to a fledgling manufacturer- exporter of sustainable energy storage systems. Amber Kinetics Philippines, Inc. (AKPI), local producer of a novel Flywheel Energy Storage System, wil use the loan for its working...
The Securities and Exchange Commission (SEC) has approved Energy Development Corporation’s plan to offer up to P15 billion worth of fixed-rate ASEAN green bonds. In its meeting on June 8, the Commission En Banc resolved to render effective the registration statement of EDC covering securities...
Renewable energy developer Citicore Power Inc. (Citicore) has started an agro-solar initiative in its Tarlac facility, a move that aims to promote food production within the company’s solar farms. In a recent plant tour and harvest festival sponsored by Citicore at its Tarlac 2 solar farm, the...
Senator Risa Hontiveros has urged the Senate to probe the failure of the government to bring down the cost of electricity rates in the country 20 years after the enactment of the Electric Power Industry Reform Act or the EPIRA Law. In filing Senate Resolution No. 746, Hontiveros said it is...
ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
The Department of Energy (DOE), headed by Secretary Alfonso Cusi, should own up and take responsibility for the power outages happening in Luzon and Metro Manila, Senator Sherwin Gatchalian said. Gatchalian said the agency must accept accountability, since it is mainly responsible for implementing...
