Sen. Nancy Binay said on Friday, Jan. 5, that the recent power outage in Western Visayas only validates that the country is clearly behind schedule in developing energy solutions. In a statement, Binay voiced her apprehension regarding the repercussions of the extensive power outage in Western...
MORE Electric and Power Corp. (MORE Power) said that the widespread blackout in Panay Island could have been avoided if the National Grid Corporation of the Philippines (NGCP) had taken action at the start. Roel Castro, president and chief executive officer of Razon-led MORE Power, said in a radio...
Senator Francis “Chiz” Escudero said the power firms responsible for the power outage in Western Visayas should be penalized for their inefficiency. Escudero pointed out that the island-wide power outage has caused so much business losses and opportunities for the affected cities and...
Grid operator NGCP renews its call for a whole-of-industry approach, including better energy resource planning, following the January 2 power outage due to tripping of multiple power plants which isolated Panay island from the rest of the Visayas grid. “The unscheduled maintenance shutdowns of...
Senators have expressed dismay and concern over the widespread power outage that hit Panay Island, Aklan, Antique, Capiz, and Iloilo as well as Iloilo City, the regional capital of Western Visayas on Jan. 2. Ilonggo Residents leave their houses to seek refuge from a humid night on the second...
Aboitiz Power Corp. (AboitizPower) is bracing for a challenging year, with expectations of increased electricity demand, global supply chain uncertainties, and the impact of the El Niño phenomenon creating tight market conditions. In a statement, Emmanuel Rubio, AboitizPower president and chief...
Power distribution giant Manila Electric Co. (Meralco) has started a competitive bidding process to secure additional supply ahead of the expected surge in demand during the upcoming dry months. In a statement, Meralco said the competitive selection process (CSP), a type of competitive public...
Senator Jinggoy Ejercito Estrada on Wednesday, January 3 called on the government to come up with a mechanism to address the massive power outage that hit Panay Island. “The severity of the power shortage in Panay Island cannot be overstated. The absence of electricity not only...
The National Grid Corporation of the Philippines (NGCP) reported ongoing power restoration efforts in parts of Visayas that are affected by the Panay power plant shutdown. According to an update as of 6:00AM on Wednesday, Jan. 3, the NGCP said that 144.2 megawatts (MW) of power was being served by...
To overcome backlog on system impact studies (SIS) for targeted massive renewable energy (RE) installations as well as for other power projects in the country, the Energy Regulatory Commission (ERC) has enforced processes on the accreditation of third party-entities that will aid system operator...
The Energy Regulatory Commission (ERC) continues to observe the charges made by generation companies (GenCos) collected from consumers by distribution utilities (DU). The ERC said that this year's generation rates showed stability, but noticed an imbalance between the global coal price reduction...
Ayala-led ACEN Corp. is injecting more capital into its six subsidiaries to bolster the development of renewable energy (RE) projects in the country. ACEN, in its filings with the Philippine Stock Exchange, said that it has entered into agreements for the purchase of unissued shares in Giga Ace 6,...
