A limited hedge on fuel supply procurement that a power generator can avail of has been the major justification cited by Aboitiz Power Corporation for the higher rate of P5.69 per kilowatt hour (kWh) it offered to Manila Electric Company (Meralco) in their emergency power supply agreement (EPSA)....
The joint venture of Aboitiz Power Corporation and AC Energy and Infrastructure Corp. of the Ayala group will be selling electricity to Manila Electric Company (Meralco) for a rate higher by P1.65 per kilowatt hour (kWh) to P5.96 per kWh compared with the cheaper P4.31 per kWh rate of South...
PANAY Energy Development Corp. (PEDC), a subsidiary of Meralco PowerGen Corp. (MGen), generates 314 megawatts of electricity at its power plant in Iloilo City. (Tara Yap) ILOILO CITY – A major power company is eyeing to construct a solar power plant in Iloilo province as it gears to expand its...
Spectrum, the solar solutions subsidiary of Manila Electric Company (Meralco), has installed the solar rooftop facility of North Bound Infinity Real Estate Development, Inc., a warehouse provider in Bulacan province. The power firm announced on Tuesday, Dec. 13, the inauguration of the 98.28...
Power utility giant Manila Electric Company (Meralco) has formally asked South Premiere Power Corporation (SPPC) to pay the "price difference" it incurs after the San Miguel Corp. unit stopped supplying capacity from its Ilijan plant. In a letter on Monday, Dec. 12, 2022 addressed to SPCC General...
The Philippine subsidiary of American oil giant Chevron Corporation has renewed its contract with Quezon Power Phils Ltd. Co. (QPPL) for oil supply, an essential as start-up fuel for the 460-megawatt coal-fired power plant of the latter in Mauban, Quezon. Coal-fired power generating facilities...
The Manila Electric Company (Meralco) will implement power interruptions in various parts of Cavite on Sunday, Dec. 11. Power outages are scheduled from 7:00 a.m. to 7:59 a.m. and again between 5:01 p.m. to 6:00 p.m. in the circuits of Abubot 32XZ and 38XZ. Affected areas include the portion of...
Customers of Manila Electric Company (Meralco) will not experience relief in their electric bills this month, as the utility firm’s overall tariff will go up by P0.3297 per kWh to P10.2769 per kWh from last month’s P9.9472 per kWh. That upward adjustment will then result in overall increase of...
South Premiere Power Corporation (SPPC), a subsidiary of SMC Global Power Holdings Corporation (SMGP) of the San Miguel group, will resume operations of the 1,200-megawatt Ilijan gas-fired power plant by April next year, in time for the high demand during the summer months. According to SMC, the...
Power utility giant Manila Electric Company (Meralco) has been compelled to source higher-priced electricity from the Wholesale Electricity Spot Market (WESM) to plug the gap on its baseload capacity needs due to the cessation of supply from the Ilijan gas-fired power facility of South Premiere...
SMC Global Power Holdings Corporation (SMCGP), a subsidiary of San Miguel Corporation, has formally notified Manila Electric Company (Meralco) that it will be terminating its fixed-price power supply agreement (PSA) covering 670 megawatts of supply drawn from the Ilijan gas-fired power plant. As a...
The ball has been tossed into the court of power utility giant Manila Electric Company (Meralco) to secure gas fuel allocation for the offer of San Miguel Corporation to have its 1,200-megawatt Ilijan gas-fired power facility utilized to augment power supply, primarily for the Luzon grid. According...
