MANILA — Former Energy Regulatory Commissioner Alfredo Non said the P19 billion refund offered by Meralco is just a small portion of what the utility needs to return to consumers for overcollection that allegedly goes back over a decade.

Lawmakers on Tuesday expressed differing opinions on the decision of the Maharlika Investment Corporation (MIC) to invest in the National Grid Corporation of the Philippines (NGCP).

The Energy Regulatory Commission (ERC) said Wednesday it will evaluate the application of Manila Electric Co. to refund consumers up to P19 billion for its lapsed regulatory period from July 2022 to June 2025.

THE SUBSIDIARIES of Manila Electric Co. (Meralco), Aboitiz Power Corp. (AboitizPower), and San Miguel Corp. (SMC) have finalized their $3.3-billion deal to build an integrated liquefied natural gas (LNG) facility in Batangas.

THE DEPARTMENT of Energy (DoE) has identified 12 qualified bidders, including units of First Gen Corp. and San Miguel Corp. (SMC), for the third round of the Green Energy Auction (GEA-3) to be held this year.

Gabriela Party-list Rep. Arlene Brosas is doubtful that Marcos government’s deal with privately-owned transmission company National Grid Corporation of the Philippines (NGCP) can address the fundamental issues plaguing the power sector.

Some senators on Tuesday, Jan. 28, have expressed support for Maharlika Investment Corporation’s (MIC) bid for a 20-percent stake in the National Grid Corporation of the Philippines (NGCP).

MANILA – The Maharlika Investment Corporation (MIC) on Tuesday expressed openness to invest in projects aimed at integrating nuclear energy into the country’s energy mix to lower power costs.

THE SENATE on Tuesday approved on second reading a bill that seeks to extend Manila Electric Co.’s (Meralco) franchise for another 25 years.

The Department of Energy (DOE) is encouraging investors to develop microgrid solutions to ensure reliable energy supply in underserved and unserved areas of the country.