The Department of Energy (DOE) is counting on the commercial fruition of roughly 13,000 megawatts (MW) of committed power projects for the country to ultimately get out from the ‘wobbly state’ of its electricity supply. As explained, committed capacity would refer to projects that are already...
PacificLight Power Pte Ltd (PLP), a subsidiary of the Meralco PowerGen Corporation (MGen), has cornered a deal on the provision of 100 megawatts (MW) of ‘fast start’ generation capacity for the Singapore electricity market. The supply deal had been awarded by the Energy Market Authority (EMA),...
Senator Raffy Tulfo (Senate PRIB) Senate Committee on Energy chairman Senator Raffy Tulfo questioned the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) over their failure to regularly monitor power plants amid frequent outages....
While most consumers expected radical spike in electricity rates, power utility giant Manila Electric Company (Meralco) had announced a rather moderate hike of P0.4621 per kilowatt hour (kWh) in its overall pass-on tariff that will be reflected in the bills of consumers this May. For residential...
Five indigenous peoples (IP) associations in the municipalities of Impasugong and Manolo Fortich in Bukidnon were given P500,000 worth of livelihood projects from Hedcor, a renewable energy subsidiary of Aboitiz Power Corp., and Aboitiz Foundation Inc. THE Santiago Tribal Community Santrico Inc....
In a timely and critical move, SM Prime Holdings, Inc. (SM Prime) has stepped up to address the pressing energy crisis in the Philippines by signing the Interruptible Load Program (ILP) with MORE Electric and Power Corporation (MORE Power), the distribution utility in Iloilo City. The agreement,...
SP New Energy Corporation (SPNEC), a member of the Meralco Group of companies, has turned profitable in the first quarter of 2024 with a net income of P156 million and an attributable net income of P47.5 million from a loss of P24.57 million in the same period last year. Based on its disclosure to...
Because of a newly energized battery energy storage system (BESS), renewable power firm Alternergy Holdings Corp. was able to beef up its financial revenues for the fiscal year 2024. Alternergy’s revenues as of March 2024 were boosted by 44 percent to P182.5 billion due to the Palau Solar BESS...
A subsidiary of Yuchengco-led PetroGreen Energy Corporation (PGEC) has inked a 10-year power supply agreement (PSA) with SN Aboitiz Power Group (SNAP) for the supply of 15.6 megawatts (MWac) from the former’s solar facility in Nueva Ecija. The corporate entity of the Yuchengco group which...
The electric bills to be dispatched by power utility giant Manila Electric Company (Meralco) and other power utilities will practically be knocking on forbidden doors this May – but consumers will have no choice but to finally face the ‘fear factor’ of soaring expenses for electricity...
Renewable power pioneer Alternergy Holdings Corp. has secured a green corporate loan to continue constructing its renewable power projects for 2024. Alternergy announced on Wednesday, May 8, that it will have a P4 billion green corporate loan to be utilized for projects like the Tanay and Alabat...
The Philippine Nuclear Research Institute (PNRI), on Tuesday, May 7, said nuclear energy sources can help prevent energy shortages in the Philippines due to its "capacity factor" and "energy density." Photo from Pixabay In a PTV interview, PNRI Executive Director Carlo Arcilla said nuclear power...
