The GNPower Dinginin (GNPD) coal-fired power plant, which is a joint venture of Aboitiz Power and the Ayala group, is supplying 300-megawatt capacity to Manila Electric Company (Meralco) at a much higher rate of P8.5250 per kilowatt hour (kWh), according to a top executive of the utility firm. The...
Settlement prices at the Wholesale Electricity Spot Market (WESM) climbed by roughly P1.36 per kilowatt hour (kWh) on average on the two-week duration of the Malampaya gas production facility shutdown, according to a monitoring report by power utility giant Manila Electric Company. The power...
The two-week maintenance shutdown of the Malampaya gas production facility has been completed, without any untoward accidents at the work site, according to the Department of Energy (DOE). “The works were completed with zero incidents recorded. This was achieved through diligent planning and...
The Department of Energy (DOE) is aiming for a "no rate hike" scenario that will result from the two-week shutdown of the Malampaya gas production facility this February. If the agency’s calculations will turn out accurate, that will be a "historic first" in such activity in the power system’s...
The roughly 7.5 million customers being served by power utility giant Manila Electric Company (Meralco) will have to brace for P0.7897 per kilowatt hour (kWh) hike in electricity rates as a result of the two-week scheduled shutdown of the Malampaya gas production platform next month. The increase...
The comparatively expensive replacement power capacities secured from a power plant of the Aboitiz group and hefty purchases from the Wholesale Electricity Spot Market (WESM) had partly driven up the overall electricity rate of Manila Electric Company (Meralco), as rates went up by P0.6232 per...
A limited hedge on fuel supply procurement that a power generator can avail of has been the major justification cited by Aboitiz Power Corporation for the higher rate of P5.69 per kilowatt hour (kWh) it offered to Manila Electric Company (Meralco) in their emergency power supply agreement (EPSA)....
Power utility giant Manila Electric Company (Meralco) has formally asked South Premiere Power Corporation (SPPC) to pay the "price difference" it incurs after the San Miguel Corp. unit stopped supplying capacity from its Ilijan plant. In a letter on Monday, Dec. 12, 2022 addressed to SPCC General...
Customers of Manila Electric Company (Meralco) will not experience relief in their electric bills this month, as the utility firm’s overall tariff will go up by P0.3297 per kWh to P10.2769 per kWh from last month’s P9.9472 per kWh. That upward adjustment will then result in overall increase of...
SMC Global Power Holdings Corp. (SMCGP), the energy investment arm of San Miguel Corporation, contended that its step to elevate its rate hike case to the Court of Appeals (CA) is a valid legal remedy it can resort to after its petition was junked by the Energy Regulatory Commission. “Going to...
The P0.30 per kilowatt hour (kWh) joint rate hike application of Manila Electric Company (Meralco) and San Miguel Global Power Holdings Corporation (SMCGP) scored initial victory with the 60-day temporary restraining order (TRO) issued by the Court of Appeals (CA) on the verdict handed down by the...
Only $123.9-M submitted on SMC power unit's $400-M tender offer By MYRNA M. VELASCO SMC Global Power Holdings Corporation (SMCGP), the energy investment arm of the San Miguel group, reported that it only received $123.934 million worth of securities by its bondholders, way below the $400-million...
