The electric bills to be dispatched by power utility giant Manila Electric Company (Meralco) and other power utilities will practically be knocking on forbidden doors this May – but consumers will have no choice but to finally face the ‘fear factor’ of soaring expenses for electricity...
As coal prices in the world market cooled, the net income of Semirara Mining and Power Corporation (SMPC) dropped 28% to P6.5 billion within first quarter this 2024 from a relatively robust P9.0 billion earnings in the same three-month period last year. “Global coal indices declined due to weak...
President Marcos has urged electricity distribution utilities to tap the Anti Bill Shock Lending Program of the Land Bank of the Philippines to ensure that electricity rates are affordable. Marcos made the directive to the Department of Energy (DOE) and the Energy Regulatory Commission (ERC)....
With high anticipation that electric bills will drastically spike during the summer months, the Energy Regulatory Commission (ERC) sounded off this early that it will prod the private distribution utilities (DUs) and electric cooperatives (ECs) on staggered billing on the resulting radical rate...
The Energy Regulatory Commission (ERC) has ordered suspension of the Wholesale Electricity Spot Market (WESM) - but only after two weeks from the incursion of yellow and red alerts in the Luzon and Visayas grids, hence, consumers are being warned of forthcoming bill shocks. Referencing on data...
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...
Senator Risa Hontiveros on Tuesday, April 23 urged the Department of Energy (DOE) to deliver a lastong solution to the recurrent power outages hitting the country during summer season. Hontiveros made the call as electricity demand increased during the summer months and forced the National Grid...
Meralco Energy, Inc. (MSERV), which is the nationwide energy solutions arm of Manila Electric Company (Meralco), has reinforced the electricity services provision for the healthcare facilities of Allied Care Experts (ACE) Group of Hospitals. The enhancement on the power supply and service network...
With pronouncements from the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) that the El Niño phenomenon may not be as worse as earlier predicted, the Department of Energy (DOE) is expecting that strain in the country’s power supply would also be moderated...
As surging costs of ancillary services or power reserves had been pointed to as culprit in electricity rate hikes, the Energy Regulatory Commission (ERC) has directed ‘settlement and billing suspension’ for the reserve market for the March billing period. The stoppage of reserve market...
Qualified big-ticket contestable customers in Mindanao can finally exercise ‘power of choice’ on contracting their electricity services as the Energy Regulatory Commission (ERC) has already opened that segment of the industry for retail competition. Similar to the threshold for Luzon and...
Power rates have recently gone up this month due to the ancillary services (AS) charged by the National Grid Corporation of the Philippines (NGCP). MORE Power reported on Saturday, March 23, that consumers will experience a P0.06 per kilowatt hour (kWh) increment owing to AS, which secure the power...
