MANILA, Philippines — After hitting a two-year low last month, power rates in the Wholesale Electricity Spot Market (WESM) nearly doubled in March, driven by lower supply and higher demand due to hotter weather.
The Makati Business Club (MBC) proposed on Thursday that the executive department issue an order allowing a build-operate-transfer (BOT) scheme for the power grids.
The head of the National Electrification Administration (NEA) on Wednesday lauded the Independent Electricity Market Operator of the Philippines (IEMOP) for its role in stabilizing rural electrification.
THE Department of Energy (DoE) said it expects sufficient power supply during the warm and dry season, when electricity demand peaks, as two gas-fired power plants in Batangas are set to generate a full combined capacity of 2,500 megawatts (MW) by next month.
MANILA, Philippines — The Marcos administration is assessing several areas across the Philippines, including Bulacan and Palawan, as possible sites for nuclear energy development in a bid to unleash its power by 2032.
MANILA, Philippines — No yellow and red alerts are expected during the summer months despite the forecasted surge in demand caused by warmer temperatures, according to the Department of Energy (DOE).
MPOWER, the local retail electricity unit of Manila Electric Co. (Meralco), said it has renewed its power supply deal with car parts maker Toyota Aisin Philippines, Inc. (TAP) to provide electricity to its manufacturing plant in Sta. Rosa, Laguna.
THE Securities and Exchange Commission (SEC) has signed a data-sharing agreement on beneficial ownership data with the procurement service of the Department of Budget and Management (PS-DBM) to help combat illegal activities.
SAAVEDRA-LED Citicore Energy REIT Corp. (CREIT) posted a net income of P1.43 billion last year, up 2% from a year earlier, after fully taking up additional revenues from assets it bought in 2023.
A UNIT of Ayala-led ACEN Corp. has obtained a green term loan facility worth P34.4 billion from three local banks to finance its 344.5-megawatt-peak (MWp) Quezon North Onshore Wind Power project.