The Manila Electric Co. (Meralco) has secured the best bid from Limay Power, Inc. (LPI) to meet its 400-megawatt (MW) power supply requirements. In a statement, Meralco said that two out of the three bidders that initially showed interest in the competitive selection process (CSP) have submitted...
After more than two decades of deregulation in the power sector and countless collusion allegations at the spot market, it is finally coming to the senses of industry regulators to step up ‘police powers’ against anti-competitive behavior that could distort market dynamics in the private...
Gas-fired power plant operators have raised concerns over the ‘zero’ gas production rate at the Malampaya gas field which started last February 19 (Monday), because the shift to alternative fuels may trigger surge in electricity rates in the forthcoming billing cycles. A source from the...
Power utility giant Manila Electric Company (Meralco) will refund P0.05 per kilowatt hour (kWh) in March billing to customers, which accounts for the charges it passed on from the new gas sale and purchase agreement (GSPA) that its power supplier First Gen Corporation had sealed with the Malampaya...
Which is faster on the draw than Cupid’s arrow that can steal the ‘thrill of romance’ on Valentine’s Day? Electricity consumption! Wait, what?! Alright, so you’ve already spent for your dreamy dates, chocolates and roses. Well, watch out next for your electric bills – it could flutter...
The Energy Regulatory Commission (ERC) is requiring power utility giant Manila Electric Company (Meralco) to file a formal application for the pass-on of fuel charges that shall be reckoned from the new gas sale and purchase agreement (GSPA) that First Gen Corporation had signed with the Malampaya...
Roughly 8.0 million customers of Manila Electric Company (Meralco) will live through financial torment when they receive their February bills, as the overall rate of the country’s biggest power utility will rise by P0.5738 per kWh. On account of that, Meralco announced that the all-inclusive...
The household budgets of customers served by power utility giant Manila Electric Company (Meralco) will be stretched thin this February, because the all-inclusive electricity rate to be passed on by the giant utility firm is anticipated to increase in this billing cycle. According to Meralco Vice...
There had been downtrend in overall electricity tariffs for traded capacities in the Wholesale Electricity Spot Market (WESM), and that had been attributed partly by the Energy Regulatory Commission (ERC) to the entry of new capacities from the renewable energy (RE) sector. “It appears that the...
(Unsplash) Demonizing the country’s power sector will lead to more problems than solutions. Senior Citizen Party-list Rep. Rodolfo "Ompong" Ordanes offered this take Friday, Jan. 26 even as he asked the government focus its efforts on addressing Filipinos...
The commercial operations of the ancillary services (AS) market will guarantee the full procurement of power reserves needed by system operator National Grid Corporation of the Philippines (NGCP) in efficiently running the country’s electricity system. After more than a decade of planning, policy...
The government should hold accountable generating companies (Gencos) that are unable to provide a stable supply of electricity, Sen. Sherwin Gatchalian said. Gatchalian said these Gencos should be held accountable for power outages that result in great economic losses to their clients....
