A young executive of Aboitiz Power Corporation has spilled the inconvenient truth that renewable energy (RE) developers have been distorting the ‘cheap electricity narrative’ because of their proclivity to downplay other cost components linked to the variability of their technologies –...
The exclusion of off-grid areas from the coal moratorium is being sought so the lingering woes of consumers over power service interruptions as well as exorbitant rates can be resolved, according to an industry player that has been providing electricity services to these sites. DMCI Holdings...
Energy Regulatory Commission (ERC) Monalisa C. Dimalanta will temporarily leave her office as chief regulator of the deregulated power industry to comply with the six-month suspension meted out by the Office of the Ombudsman. In a statement to the media, Dimalanta indicated that she will...
Telecommunications giant PLDT Inc. and its wireless subsidiary Smart Communications, Inc. (Smart) have expanded renewable energy (RE) capacity sourcing from Lopez-led First Gen Corporation to power additional six of their network facilities. According to First Gen, a major PLDT facility that will...
The procurement of replacement power under the Green Energy Option Program (GEOP) will be allowed at 50 percent renewable energy (RE) capacity during the three-year transition period that shall be enforced in the amended policy for this segment of the power industry. In a draft Circular furnished...
The six-month suspension meted by the Office of the Ombudsman against the chairperson of the Energy Regulatory Commission (ERC) is seen delaying the approvals of pending power supply agreements (PSAs) as well as the reserve price-setting for the auction of renewable energy (RE) capacities that are...
ILOILO CITY — An additional 1,500 fish fingerlings were released recently in the Iloilo River by MORE Electric and Power Corp. (MORE Power). THE release of sea bass fingerlings in the Iloilo River was part of the corporate social responsibility program of MORE Power in Iloilo City....
Pangilinan-led Manila Electric Company is gaining a firmer control over SP New Energy Corporation (SPNEC) by raising its interest to 50.5 percent with the acquisition of an additional stake worth P7.5 billion from its founder Leandro Leviste. Meralco PowerGen Corporation (MGen) is buying another...
The Energy Regulatory Commission (ERC) has reaffirmed that the distribution utilities (DUs) can already implement tariff pass-on for capacities procured via emergency power supply agreements (EPSAs) even without securing provisional regulatory approval. In an advisory issued by the ERC, it...
Foreign investments in the sectors of infrastructure and public services will greatly benefit Philippine tourism, enabling the country to capture a larger market of foreign tourists that are all flocking to the country's Southeast Asian neighbors. Senator Juan Miguel "Migz" Zubiri (Senate PRIB...
While it is manifestly the major game in town for both local and foreign investors, Aboitiz Power Corporation is still seeing treacherous terrain when it comes to capital influx in the renewable energy (RE) sector. In his presentation at the Smart Forum 2024 convened by the European Chamber of...
Giant players in the domestic power industry will gear up for a new round of battle for their offers in the 400-megawatt capacity procurement of Manila Electric Company (Meralco) that will satiate mid-merit capacity in its supply portfolio. Listed as prospective bidders in Meralco’s competitive...
