The Securities and Exchange Commission (SEC) is urging energy companies to use sustainable finance instruments to attract global capital and support the country’s clean energy transition.

THE Energy Regulatory Commission (ERC) has approved Manila Electric Co.’s (Meralco) power supply agreements (PSAs) with San Miguel Global Power Corp. (SMGP) and ACEN Corp. at rates higher than the provisional P5.1908 per kilowatt-hour (kWh), securing 479 megawatts (MW) of renewable capacity but signaling higher costs for consumers.

VIVANT ENERGY CORP., the energy subsidiary of Cebu-based conglomerate Vivant Corp., acquired a 40% stake in Samal Solar Renewable Energy Corp. (SSREC), operator of a solar farm in Bataan, as part of its efforts to expand its renewable energy presence in Luzon.

MERALCO POWERGEN CORP. (MGen), the power generation arm of Manila Electric Co. (Meralco), and Korea Electric Power Corp. (KEPCO) are planning to expand their renewable energy (RE) partnership to help diversify the country’s energy portfolio.

True to its commitment that it would expedite the approval of power supply contracts that underwent competitive bidding, the Energy Regulatory Commission (ERC) has approved the power supply agreements (PSA) of the Manila Electric Co. (Meralco) with Gigasol3 Inc., and San Roque Hydropower Inc. (SRHI).

MANILA – The implementation of the net metering program should now be faster since the Energy Regulatory Commission (ERC) has issued the amended rules for this program, ERC chairperson Francis Saturnino Juan said.

Manila Electric Company (Meralco) aims to build a skilled local workforce to develop a distribution system ready for a “smarter, cleaner and more secure” energy future, according to a company executive.

archipelagic geography poses a big challenge to power distribution.

RESIDENTIAL HOUSEHOLDS in areas served by Manila Electric Co. (Meralco) will get some relief as the distributor cut its September electricity rates after two straight months of increases amid the lower cost of power purchased from suppliers.

LISTED holding company A Brown Co., Inc. (ABCI) is consolidating its energy assets under its wholly owned subsidiary ABC Energy, Inc. (ABCEI), the group’s energy holding firm.