Electricity service restoration in typhoon-ravaged provinces in the Bicol region is now on its accelerated pace, with power supply already back in Naga City and three towns in Camarines Sur; while several towns in Camarines Norte already gained back their power service. In an update report of the...
Motorists will be greeted by varied adjustments in pump prices this week – with the cost of gasoline getting trimmed by P0.20 per liter; while diesel will go up by P0.20 per liter. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) The price hike will be heftier this week at P0.40 per liter for...
Customers of Manila Electric Company (Meralco) will experience slight financial relief on their pockets this month, as the electricity rate it will pass on will be lower by P0.0395 per kilowatt hour (kWh) in its November billing. (MANILA BULLETIN) The utility firm’s overall tariff to be reflected...
Two liquefied natural gas (LNG) projects, with combined investments of P44 billion, had been issued certifications by the Department of Energy (DOE) as “energy project of national significance” or EPNS that will entitle them to streamlined process of permitting....
While it was initially hamstrung by the niggling health crisis, Aboitiz Power Corporation indicated that it will still advance its planned investment expansion in the Southeast Asian region – specifically in Vietnam, Indonesia and...
The power investment unit of San Miguel Corporation (SMC) considerably bucked the odds of electricity demand slump and economic contraction this year, as its three-quarter income climbed by 27-percent to P14.48 billion versus last year’s P11.385 billion in the same period. SMC Global Power...
Santa Claus will soon be knocking on Filipino homes, but for the Bicol region, the Department of Energy (DOE) cannot give an assurance yet if they can have “literally bright Christmas” because the restoration of power supply in the typhoon-devastated areas is still uncertain. Energy Secretary...
As a follow-through to Malacanang’s issuance of Executive Order (EO) 116, the Department of Energy (DOE) indicated that it will submit its crafted “nuclear power development plan” to President Rodrigo Duterte next month. “Our timeline is December -- to submit it (nuclear plan) to the...
The power generation investment subsidiary of Manila Electric Company (Meralco) will ramp up investments in renewable energy (RE) technologies, escalating its target to 2,000 megawatts for projects in the pipeline. Meralco PowerGen Corporation President and CEO Rogelio L. Singson qualified that the...
The Energy Regulatory Commission (ERC) has cautioned power utilities in typhoon-hit areas that they would still need to comply with prescribed service levels that’s why they cannot afford to be moving too slow in the restoration of electricity service for their customers. Citing prevailing rules...
After suffering from slump on customer-payments at the height of the lockdown period in March to May, power utility giant Manila Electric Company (Meralco) logged all-time high collection of P27.6 billion on its dispatched bills in September. The company said it was the heftiest level of collection...
Greenfield power projects that will feed on imported liquefied natural gas (LNG) have been emerging as ‘hot investment contest’ in the restructured electricity sector, and Aboitiz Power Corporation announced that it is inclined to join the forthcoming wave of capital spending for the...
