President Marcos believes he does not need to forgive anybody for what happened to his family in 1986 as he never blamed anybody for his father's ouster that led to their exile to Hawaii. Bongbong Marcos/Instagram Marcos said this as he is set to return to Hawaii before his scheduled return to the...
Razon-led power distribution utility MORE Electric and Power Corp. (MORE Power) announced a one-time refund that will benefit consumers in Iloilo City. In a statement, MORE Power said its customers will receive a rate reduction of P2.7644 per kilowatt-hour (kWh) in their bills from billing cycles...
Lopez-led First Gen Corporation has awarded its next cargo of liquefied natural gas (LNG) delivery to multinational fuel trading firm Trafigura Pte Ltd. Based on the awarded contract, Trafigura will have to supply one cargo LNG with a volume of roughly 154,500 cubic meters (m3) – which will be...
The much-awaited and historic ‘123 Agreement’ on nuclear power cooperation was finally signed between Philippine Energy Secretary Raphael P. M. Lotilla and United States Secretary of State Anthony Blinken, the Department of Energy (DOE) has announced. The Governments of the Philippines and the...
Power utility giant Manila Electric Company (Meralco) and US firm Ultra Safe Nuclear Corporation (USNC) have sealed cooperation agreement for the targeted rollout of micro modular reactor (MMR) pilot project in the Philippines. According to the utility firm, the deal will warrant the conduct of a...
House Speaker Martin Romualdez (Speaker’s office) A game changer for the Philippines' energy landscape. That's how House Speaker Martin Romualdez described the twin nuclear agreements sealed during President Marcos' ongoing visit to the United...
As access to comprehensive climate data is still wrought with challenges due to disparate sources and incompatible formats across countries, the APEC Business Advisory Council (ABAC) is proposing the establishment of an online platform that shall facilitate the sharing of facts, figures and other...
Famed for gaining his expertise and solid experience as a power industry veteran and former executive of the country’s biggest power distribution utility Manila Electric Company, Engineer Fortunato “Atoy” C. Leynes has been designated under the Marcos administration as the new President and...
ILOILO CITY – The sole electricity distributor of this city, MORE Electric and Power Corp. (MORE Power), is set to reduce its consumer rate by P2.76 per kilowatt-hour for the billing period November 18 to December 14. LINEMEN of MORE Electric and Power Corp. in Iloilo City. “This is an early...
With sustained uptick in its energy sales, the net income of Alsons Consolidated Resources Inc. (ACR) had climbed to P1.8 billion within January to September this 2023, posting 32-percent escalation from a relatively moderate pace of P1.35 billion earnings last year. Given such uptrend in its...
Power utility giant Manila Electric Company (Meralco) has initially cornered prospective offers of 3,310 megawatts from six (6) interested bidders on its scheduled competitive selection process (CSP) for capacity procurement of 1,800MW that will satiate its additional supply portfolio for 2024 and...
The Manila Electric Co. (Meralco) said that the power prices in the country coincide with the real electricity costs, and that their rates are fair and reasonable to its service quality. Meralco issued the statement to clarify the recent statements made by ACT-Teachers Representative France Castro,...
