Power retailer Manila Electric Co. (Meralco) reported a 1.5-percent increase in consolidated distribution utility energy sales volumes in the first quarter to 12,493 gigawatt-hours from 12,307 GWh a year ago, driven by higher residential sales.
Manila Electric Co. (Meralco) said the delay in the full delivery of the Batangas natural gas plant under its power supply agreement (PSA) with Energy Excellence Resources, Inc (EERI) has nothing to do with the high prices in the Wholesale Electricity Spot Market (WESM).
Electricity consumers across the country’s power grids should anticipate a hike in their bills after Energy Regulatory Commission (ERC) completed the fourth regulatory period (RP) rate reset for National Grid Corporation of the Philippines (NGCP), allowing the grid operator to recover nearly P30 billion in under-recoveries.
The Energy Regulatory Commission (ERC) has dropped its preliminary verdict on reserve prices that will prospectively guide investors on forward decision whether or not to inject capital in the next wave of renewable energy (RE) capacities to be offered in the fourth Green Energy Auction (GEA-4) that the Department of Energy (DOE) will be administering…
TRANSMISSION RATES for the March billing period, reflected in the April electricity bill, increased by 11.51% due to higher ancillary services (AS) charges, the National Grid Corp. of the Philippines (NGCP) said.
The Manila Electric Co. (Meralco) assured its customers Tuesday of “stable, reliable, and continuous” electricity services throughout the Holy Week, as it said its business centers will be closed in observance of the Easter Triduum.
Manila Electric Co. (Meralco) welcomed President Ferdinand Marcos Jr.’s support for the renewal of the distribution utility’s (DU) franchise for another 25 years.
AYALA-LED ACEN Corp. said its subsidiary ACEN Australia Pty. Ltd. has secured an A$750-million loan from various financial institutions, which will allow it to fund its energy projects in Australia.
MANILA, Philippines — Despite surging power demand driven by the summer heat, the Energy Regulatory Commission (ERC) has pushed back its decision on the grid operator’s critical backup power contracts.
NORTHERN DAVAO Electric Cooperative, Inc. (Nordeco) said it will explore all legal options to defend its franchise areas following the passage of a law allowing Davao Light and Power Co. (DLPC) to operate in additional areas.