Meralco Energy, Inc. (MSERV), which is the nationwide energy solutions arm of Manila Electric Company (Meralco), has reinforced the electricity services provision for the healthcare facilities of Allied Care Experts (ACE) Group of Hospitals. The enhancement on the power supply and service network...
With pronouncements from the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) that the El Niño phenomenon may not be as worse as earlier predicted, the Department of Energy (DOE) is expecting that strain in the country’s power supply would also be moderated...
As surging costs of ancillary services or power reserves had been pointed to as culprit in electricity rate hikes, the Energy Regulatory Commission (ERC) has directed ‘settlement and billing suspension’ for the reserve market for the March billing period. The stoppage of reserve market...
Qualified big-ticket contestable customers in Mindanao can finally exercise ‘power of choice’ on contracting their electricity services as the Energy Regulatory Commission (ERC) has already opened that segment of the industry for retail competition. Similar to the threshold for Luzon and...
Power rates have recently gone up this month due to the ancillary services (AS) charged by the National Grid Corporation of the Philippines (NGCP). MORE Power reported on Saturday, March 23, that consumers will experience a P0.06 per kilowatt hour (kWh) increment owing to AS, which secure the power...
To reduce the electricity demand sourced from higher emission intensity, ACEN Corp.’s wholly owned subsidiary in Australia partnered with SmartestEnergy to offtake renewable electricity generated from the New England Solar project in New South Wales. The Ayala-led energy firm disclosed on...
The pass-on tariff of power utility giant Manila Electric Company (Meralco) will climb by a marginal P0.0229 per kWh in the March billing cycle, and that has been precipitated mainly by the ancillary services (AS) charges of the power system operator. The slight hike in charges will drive up...
The aggrupation of generation companies (GenCos) has been batting for the scrapping of the P6.245 per kilowatt hour (kWh) secondary price cap in the Wholesale Electricity Spot Market (WESM) as this is already pinned down as disincentive to the targeted fresh capital flow in the power industry. In...
The decline in coal prices globally had prompted 30% dip in the net income of Consunji-led Semirara Mining and Power Corporation (SMPC) to P27.9 billion last year from record-high earnings of P39.9 billion in 2022. According to SMPC President and COO Maria Cristina C. Gotianun, the drop in global...
Extended weekends represent an opportunity for working families to relax, rejuvenate, and come together at home. However, this respite often comes with a trade-off: increased electricity usage and subsequently higher bills. In 2023, families were treated to multiple long weekends due to the...
The Manila Electric Co. (Meralco) has secured the best bid from Limay Power, Inc. (LPI) to meet its 400-megawatt (MW) power supply requirements. In a statement, Meralco said that two out of the three bidders that initially showed interest in the competitive selection process (CSP) have submitted...
After more than two decades of deregulation in the power sector and countless collusion allegations at the spot market, it is finally coming to the senses of industry regulators to step up ‘police powers’ against anti-competitive behavior that could distort market dynamics in the private...
