ILOILO CITY – Relief for consumers here amid high oil prices. MORE Electric and Power Corp. (MORE Power) reduced electricity rate by P0.27 per kilowatt-hour (kWh) for May. From P12.14/kWH in April, MORE Power’s residential rate dropped to P11.8710/kwH this month. MORE Power’s commercial...
MORE Electric and Power Corp. (MORE Power), backed by tycoon Enrique K. Razon Jr., is providing financial relief to its customers through reduced electricity rates for May. MORE Power reported that its residential rate for May dropped to ₱11.8710 per kilowatt-hour (kWh), down from ₱12.14/kWh in...
San Miguel Global Power Holdings Corp. (SMGP), the energy arm of billionaire Ramon S. Ang’s conglomerate, has accelerated its shift toward cleaner energy, deploying nearly half of the proceeds from its recent ₱30 billion bond issuance to fund solar and hydroelectric developments. In a...
The Department of Energy’s (DOE) annual summer ritual is familiar: it promises that the electricity supply will be “enough and stable,” but the power grid clearly is not getting the memo. After decades of forecasting, energy officials still miss the mark so consistently that it almost feels...
DUBAI, United Arab Emirates (AP) — A drone strike targeted the United Arab Emirates ' Barakah nuclear power plant Sunday, setting an electrical generator ablaze on its perimeter and again straining the shaky ceasefire in the Iran war. No one immediately claimed responsibility for the...
Rotating power disruptions are set to return to Luzon and Visayas on Friday, May 15, as the National Grid Corporation of the Philippines (NGCP) placed the two regional grids under yellow and red alert status due to widening supply deficit. The NGCP advised that the Luzon grid will experience yellow...
A pro-solar energy congressman is prodding the government to protect consumers against fly-by-night solar power providers, even as the shift to this particular renewable energy (RE) becomes more palatable to Filipinos. Abra lone district Rep. JB Bernos, a member of the Committee on Appropriations,...
Razon-led MORE Electric and Power Corp. has commissioned Iloilo City’s first fully unmanned 30-megavolt ampere substation, a step in the utility’s multiyear effort to digitize the local power grid and accommodate surging economic demand.
In a statement on Tuesday, May 12, More Power said the...
The third season of " The Lord of the Rings: The Rings of Power" is officially headed to Prime Video on Nov. 11, with the streaming platform confirming the premiere date during Amazon’s annual Upfront presentation. The fantasy series, based on the works of J.R.R. Tolkien , has become one of Prime...
Diversified engineering conglomerate DMCI Holdings Inc. expects mixed performance across its subsidiaries this year as geopolitical tensions in the Middle East and regulatory uncertainty surrounding its coal mining assets weigh on the group’s outlook. Speaking at the company’s annual...
ILOILO CITY – The sole electricity distributor in Iloilo City has introduced its first fully unmanned substation, a landmark initiative in the energy sector in Western Visayas. More Electric and Power Corp. (MORE Power), in a news release on Monday, said the 30 megavolt-ampere substation is...
During intense deliberations that preceded the 2005 enactment of the Expanded Value Added Tax (E-VAT) Law, which also covered oil and electricity, lawmakers defended the measure as a treasury-tightening mechanism; an unpopular but calculated imposition designed to raise massive revenues so it could...
