The Energy Regulatory Commission (ERC) has ordered suspension of the Wholesale Electricity Spot Market (WESM) - but only after two weeks from the incursion of yellow and red alerts in the Luzon and Visayas grids, hence, consumers are being warned of forthcoming bill shocks. Referencing on data...
In the absence of readily available capacity that it can procure via power supply agreement (PSA) underpinned by competitive selection process (CSP), power utility giant Manila Electric Company (Meralco) indicated that it will be left with no choice but to secure 260 megawatts (MW) of its required...
Diversified engineering conglomerate DMCI Holdings, Inc. aims to return to profitability by 2025 Cemex Holdings Philippines (CHP), its largest investment to date and its first acquisition in a decade, through synergies within the group. CHP, the Philippines' fourth-largest cement...
It may be a bitter pill to swallow, but the power supply turmoil in the country could ignite resurgence of coal-fired power generation, according to one of the country’s top energy players. And while the allure of green technologies would be highly irresistible, the fragility of the country’s...
President Marcos rejected suggestions that there was an artificial power crisis in the Philippines after different alert levels were raised in the country's power grids, saying the demand increased due to the ongoing El Niño. President Ferdinand ‘Bongbong’ Marcos Jr. (KJ Rosales/PPA Pool)...
(MANILA BULLETIN) Lawmakers from the Makabayan bloc have filed a resolution urging the House of Representatives to investigate, in aid of legislation, the frequent red and yellow power alerts caused by the shutdown in several power plants....
Sen. Raffy Tulfo has filed a resolution that seeks to investigate the alarming power supply issue hounding the country. Tulfo who chairs the Senate Committee on Energy, filed Senate Resolution No. 1008 following the declaration of red and yellow alerts in the Luzon, Visayas, and Mindanao grids. A...
The Consunji Group has sealed the deal to acquire a controlling 89.86 percent of Cemex Holdings Philippines Inc. (CHP), the fourth largest cement manufacturer in the country, for $305.6 million in cash after weeks of stock market speculation. In a disclosure posted by the Philippine Stock Exchange...
Amid soar in weather temperatures, demand for electricity in the country had reached its boiling point this week, as the highest demand of 14,016 megawatts on Wednesday (April 24) breached the peak demand projection of the Department of Energy (DOE) for this year. And while the country’s power...
The Department of Energy (DOE) is spearheading the Philippine government’s efforts on negotiating the administrative agreement (AA) that will be signed with the US government to underpin the “123 Agreement’ that was cemented last year for the targeted deployment of nuclear technologies in the...
Senators on Wednesday, April 24 urged the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) to rein in and enforce stricter oversight on power generation companies (gencos) to ensure compliance with their scheduled outages. Sen. Francis “Chiz” Escudero said...
Misery loves company - and Mindanao seems not passing up on a chance to commiserate with the electricity service woes of co-consumers in Luzon and Visayas, hence, it has been joining in the appalling power industry chaos. On Wednesday (April 24), system operator National Grid Corporation of the...
