Pangilinan-led Metro Pacific Investments Corp. (MPIC) is targeting to acquire up to 43-percent shareholdings in publicly listed SP New Energy Corp. (SPNEC). In a statement, it was disclosed that MPIC Chairman Manuel V. Pangilinan and SPNEC President and CEO Leandro Leviste signed the agreement for...
The Department of Energy (DOE) has logged slight drop in megawatt-savings for the country during Saturday’s Earth Hour, hence, this prompted Energy Secretary Raphael P.M. Lotilla to further intensify his call for Filipino consumers to sustain energy efficiency and conservation (EE&C) as a routine...
System operator National Grid Corporation of the Philippines (NGCP) has issued straightforward warning to consumers to brace for rotational blackouts after the Energy Regulatory Commission’s (ERC) has thumbed down its bid to extend monthly its existing ancillary services contracts. The ancillary...
Alternergy Holdings Corporation, which just had its debut at the Philippine Stock Exchange (PSE) this Friday, March 24, announced that it will be tapping equity partner for its 100-megawatt Tanay wind farm project in Rizal province. The company said it will do its selection process via the letters...
Welding the government’s influence on advancing energy efficiency and conservation (EE&C) as a way of life for all Filipinos, Energy Secretary Raphael P. M. Lotilla has intensified this pitch as a basic solution to the country’s power supply predicaments not just for ‘Earth Hour’ celebration...
Buoyed by rising post-Covid power demand in Mindanao grid, the net income of Alcantara-led Alsons Consolidated Resources Inc. (ACR) had escalated 42-percent to P1.88 billion last year from P1.32 billion in 2021. The jump in the company’s profitability had also resulted in 52-percent increase on...
President Ferdinand "Bongbong" Marcos Jr. is seeing enhanced partnerships with Chile and Qatar in various areas of cooperation as he welcomed the two countries’ new ambassadors to the Philippines on Thursday, March 23. In welcoming Chilean Ambassador Alvaro Domingo Jara Bucarey at Malacañang,...
The Energy Regulatory Commission (ERC) said it will weigh the rate impact as well as implications on next year’s supply of the terminated power supply agreements (PSAs) between power utility giant Manila Electric Company (Meralco) and the subsidiaries of SMC Global Power Holdings Corporation of...
The Department of Energy (DOE) is giving guarantee to the grid integration of more than 13,000 megawatts of new renewable energy (RE) capacities to be on commercial stream in the next three years. That had been the assurance given by Energy Undersecretary Rowena Cristina L. Guevara when she laid...
Power utility giant Manila Electric Company (Meralco) divulged that it received new offers for one-year contract to cover 670 megawatts of capacity that will replace the cheaper fixed price contract of the Ilijan gas-fired power plant of South Premiere Power Corporation (SPPC) of the San Miguel...
A spike in the secondary price cap for the Wholesale Electricity Spot Market (WESM) to the tune of P10,000 to P15,000 per megawatt hour (MWh) - or equivalent P10-P15 per kilowatt hour) - has been proposed by the generation companies (GenCos) to the Energy Regulatory Commission (ERC), according to...
If Ilocos Norte 1st district Rep. Sandro Marcos would have his way, he would have all government offices use solar energy as a way to reduce dependence on fossil fuels. For this purpose, Marcos filed last March 15 House Bill (HB) No.7625, titled, "The Solar Energy in National Government Offices...
