The industrial sector has started showing signs of prospective rebound as the drop on energy sales had already narrowed down to 1.0%, power utility giant Manila Electric Company (Meralco) has noted. Sales to manufacturing facilities and key industries, the power firm said, hovered at 10,570...
Buoyed by the strong financial showing of its power generation business portfolio, the consolidated core net income of power utility giant Manila Electric Company (Meralco) had surged 53-percent to P30.023 billion in this year’s nine-month period versus P19.605 billion within a comparative period...
To fulfill the President’s mandate for the country’s full electrification during his term, the Department of Energy (DOE) is scheduling within this quarter the first competitive selection process (CSP) or auction for the investors being enticed to energize more than 15,000 households along the...
The renewable energy-based capacity contracting of Manila Electric Company (Meralco) which now hovers at 1,800 megawatts had so far exceeded its initial target of 1,500 megawatts. Its ramped up capacity of clean energy procurements, according to Meralco Vice President and Chief Sustainability...
Despite forecasts of ‘yellow alert’ that could strain Luzon grid, the Department of Energy (DOE) is trying to lean on a 700-megawatt supply buffer or reserve margin to avert incidents of electricity service interruptions during the October 30 Sangguniang Kabataan (SK) and barangay elections....
The retail electricity supplier (RES) arm of Aboitiz Power Corporation has inked a deal to supply the electricity needs of NoBia Inc., the commissary support to the Max’s group of restaurants. In a statement to the media, Aboitiz Power noted that it will satiate the power needs of NoBia –...
ILOILO CITY – The National Grid Corp. of the Philippines (NGCP) is preparing its system in Panay Island for the barangay and Sangguniang Kabataan elections (BSKE) on October 30. CYNTHIA Alabanza, assistant vice president for public relations of the National Grid Corp. of the Philippines (NGCP),...
The Energy Regulatory Commission (ERC) will be pursuing a ‘comprehensive study’ to assess the impact as well as technical intricacies in the power system if the threshold for retail competition in the restructured electricity sector will be brought down to 100 kilowatts (kW) from currently at...
The Energy Regulatory Commission (ERC) has approved the withdrawal of application for the power supply agreements (PSA) that had been jointly agreed to be terminated by parties-in-interest Manila Electric Company (Meralco) and the subsidiary-companies of SMC Global Power Holdings Corp (SMGP) of the...
Generation companies (GenCos) in the Philippines have been ramping up hedging mechanism on their power capacity contracting via the trading platform hosted by US firm Green Tiger Markets (GTM) in Singapore. In a statement to the media, GTM indicated “we expect significant volume to get hedged...
Via its continuing caravan, the Energy Regulatory Commission (ERC) has already started scrutiny of the power supply agreements (PSAs) underwritten by servicing power utilities in the off-grid domains or those that are not physically connected to the main grid. The examination of the power supply...
The Energy Regulatory Commission (ERC) has issued its revised rules on the issuance of certificate of compliance (COC) or the license that will govern the standards, requirements as well as procedures in the operations of power plants in the country – primarily the greenfield or new electric...
