The Energy Regulatory Commission (ERC) has logged roughly P50 billion worth of aggregate savings for customers that have been availing of electricity services from the retail electricity suppliers (RES). According to ERC Chairperson Monalisa C. Dimalanta, the scale of cost savings registered by RES...
Alcantara-led Alsons Power has sealed its first retail electricity supply (RES) agreement with Holcim Philippines, Inc., a leading supplier of cement and construction aggregates in the country. In the power supply deal inked by the parties, it was stipulated that “Alsons Power will supply 80% of...
ILOILO CITY — The Supreme Court (SC) has ruled that the expansion of MORE Electric and Power Corp. (MORE Power) of the Razon group into several areas in Iloilo province is legal. A MORE Power lineman in Iloilo City. MORE Power is set to expand to more towns in Iloilo province. (Tara Yap) The SC...
It isn’t a rosy year for Consunji-led Semirara Mining and Power Corporation (SMPC), as its first half income suffered 34 percent downswing to P12.6 billion from a record P19.2 billion within the same six-month stretch in 2023 – and that was mainly precipitated by the apparent weakening of coal...
Aboitiz Power Corporation subsidiary Therma South, Inc. (TSI) recently released 84 olive ridley sea turtle or pawikan hatchlings following the nesting of 120 eggs along the power plant's coastline in Davao del Sur last March. In total, TSI and the Environmental Management Bureau, along with...
Meralco PowerGen Corporation, the power investment arm of Manila Electric Company, is eyeing to secure approval from the Philippine Competition Commission (PCC) on the triarchy deal that it sealed for the $3.3 billion integrated liquefied natural gas (LNG) project in Batangas province. MGen...
SABLAN, Benguet – Hedcor, a renewable energy subsidiary of Aboitiz Power Corp., donated equipment and seedlings worth a total of P620,000 to this town called the fruit basket of this province. THE town of Sablan in Benguet received farm inputs from Hedcor representatives Geraldine Ronquillo...
SANTO TOMAS CITY, Batangas – AP Renewables Inc. (APRI), an Aboitiz Power Corp. subsidiary, recently sponsored a basic sewing skills and entrepreneurship training program in Barangay Santa Elena here. GRADUATES of the training with their teachers and representatives from the Aboitiz Group....
Power utility giant Manila Electric Company (Meralco) is extending its investment interest to other nuclear technologies like small modular reactors (SMR) and conventional nuclear fleets – and that could include the planned repowering of the idled Bataan Nuclear Power Plant (BNPP) if the...
Having posted record sales of roughly 9.0% in the first half and with cash stream from additional generated capacities, power utility giant Manila Electric Company (Meralco) has scaled up its profit goal to P43 billion for the entire year from its initial target of P40 billion. Meralco Chairman...
The bargaining chip dangled by the Department of Energy (DOE) on the proposed corporate life extension for state-run Power Sector Assets and Liabilities Management Corporation (PSALM) is to prevent transfer of P300 billion worth of its residual debts to the national government coffers. “At this...
Senator Sherwin Gatchalian expressed his belief that any amendment to be made to the Electric Power Industry Reform Act (EPIRA) should result in lower electricity rates. In a statement on Saturday, July 27, Gatchalian reiterated that the sought amendments were for the benefit of consumers who...
