People wait outside a closed train station, during a major power outage in Barcelona, Spain, Monday, April 28, 2025. (AP Photo/Emilio Morenatti) BARCELONA, Spain (AP) — Officials in Spain and Portugal raced to restore electricity early Tuesday after a huge power outage that grounded...
It’s a busy year for Aboitiz Power Corp. (AboitizPower), as it presented six renewable energy (RE) projects and a coal plant expansion up for completion by 2026. During an online briefing on Monday, April 28, Danel Aboitiz, AboitizPower’s president and chief executive officer (CEO), disclosed...
The Department of Energy (DOE) lauded the 10-year extension granted to the Power Sector Assets and Liabilities Management Corp. (PSALM), a move that will enable the state-run enterprise to fulfill its remaining obligations. Energy Secretary Raphael P.M. Lotilla said in a statement that PSALM’s...
Senator Sherwin Gatchalian on Sunday, April 27 welcomed the 10-year extension of the corporate life of the Power Sector Assets and Liabilities Management Corporation (PSALM) as this would help bring down the cost of electricity in the Philippines. “The extension of the corporate life of...
ILOILO CITY – The intense summer heat has resulted in a significant increase in electricity prices in the Visayas. This was attributed to the 95.5 percent increase in prices at the Wholesale Electricity Spot Market (WESM), a centralized venue for electricity trading. The...
RESOURCE CONSERVATION A Hedcor team member and his son participate in a tree planting activity in La Trinidad Hydro in Alapang, Benguet, which harnesses the Balili River. Generating power from renewable energy sources cannot exist in isolation from nature. In the case of hydropower plants,...
The Global Wind Energy Council (GWEC), an international wind industry association, has identified the Philippines as one of the top markets to watch for wind energy growth. In its 2025 Global Wind Report, GWEC noted that Asia-Pacific (APAC) countries, including the Philippines, Japan, South Korea,...
(Unsplash) Alyansa para sa Bagong Pilipinas senatorial bet Benhur Abalos has reiterated his call to abolish the value-added tax (VAT) on electricity, as well as taxes on fuel exclusively used for power generation. This, as Filipinos...
Manuel V. Pangilinan-led Manila Electric Co. (Meralco) has assured its customers of stable, reliable, and continuous electricity service with personnel ready to attend to customer concerns throughout the observance of the Holy Week. “We join the nation in observing a solemn and safe...
Two months after announcing its plans to decommission the Naga Oil-fired power plants, Aboitiz Power Corporation has announced the successful disconnection of the facilities from the grid. In a disclosure to the Philippine Stock Exchange on Wednesday, April 16, AboitizPower said that its...
The Department of Energy (DOE) has warned of potential supply strains if Excellent Energy Resources Inc.’s (EERI)’s natural gas plant faces a delay in power delivery. In a media briefing on April 14, Energy Assistant Secretary Mario Marasigan said that EERI, a joint venture between Meralco...
Source: Energy Regulatory Commission (ERC) The Energy Regulatory Commission (ERC) has dropped its preliminary verdict on reserve prices that will prospectively guide investors on forward decision whether or not to inject capital in the next wave of renewable energy (RE) capacities to be offered in...
