In the absence of readily available capacity that it can procure via power supply agreement (PSA) underpinned by competitive selection process (CSP), power utility giant Manila Electric Company (Meralco) indicated that it will be left with no choice but to secure 260 megawatts (MW) of its required...
The Marcos administration will purchase e-vehicles to replace some 10 percent of the fleet used by government agencies, the Department of Energy (DOE) said on Tuesday, April 30. President Ferdinand 'Bongbong' Marcos Jr. presides over a sectoral meeting on Electric Vehicle (EV) Industry...
NEW YORK — Shares of Tesla stock rallied Monday after the electric vehicle maker's CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for its driving software. Musk met with a senior government official in the Chinese capital...
It may be a bitter pill to swallow, but the power supply turmoil in the country could ignite resurgence of coal-fired power generation, according to one of the country’s top energy players. And while the allure of green technologies would be highly irresistible, the fragility of the country’s...
Propelled by energy sales that have been escalating beyond 10% within the stretch of the sweltering El Niño weather condition, power utility giant Manila Electric Company (Meralco) is favorably looking to end the year with core income jump to P40 billion from P37.1 billion in 2023. The company’s...
CEBU CITY – The Visayan Electric Co. has called on its industrial customers to enroll in its Interruptible Load Program (ILP) to cushion the impact of possible power shortages. ILP is a voluntary, demand-side management program where business customers of a distribution utility with loads of at...
DETROIT — Jeep maker Stellantis is planning to lay off an unspecified number of workers at its U.S. factories in the coming months to deal with a rapidly changing global auto market, the company said Tuesday. The statement comes as the company faces increased capital spending to make...
While Filipinos are being crippled by the stifling heat of summer, parts of Luzon grid descended into unwanted brownouts or services interruptions due to the prolonged forced outages of power plants and aggravated by the tripping of one major transmission line on Tuesday. In the franchise area of...
As the government cannot provide viable ‘quick fixes’ to the country’s shaky power supply situation, Luzon grid will have to increase its dependency on the interruptible load program (ILP) which is underpinned by the switch-on of generating sets (gensets) of big-ticket customers that are...
Toyota Motor Philippines (TMP) has officially launched the new and improved version of the Toyota Corolla Cross. It’s only been in the market for four years, but it’s already on the top of most buyers’ wishlists. If you’re still on the fence about getting one, we go some of the more...
Renewable energy firm SP New Energy Corp. (SPNEC), now chaired by tycoon Manuel V. Pangilinan through the controlling stake of MGen Renewable Energy (MGreen), reported a net income of P5.7 billion in 2023 after gaining 100 percent ownership of Terra Solar Philippines. Based on its disclosure...
Rotational blackouts at various provinces in the Luzon grid as well as Metro Manila areas may roll by 2:00 to 4:00pm this afternoon, according to the latest advisories of system operator National Grid Corporation of the Philippines and power utility giant Manila Electric Company. The first batch of...
