THE PHILIPPINE government is stepping up efforts to reduce electricity losses, allocating about P7.5 billion to curb nontechnical losses while developing a plan to address technical losses.
VILLAR-LED Premiere Island Power REIT Corp. (PREIT) expects revenues to fall by 49% from last year as lease agreements with S.I. Power Corp. (SIPCOR) remain suspended amid an ongoing dispute over the power producer’s operating permits.
Citicore Holdings Investment Inc. acquired 211,441,120 common shares of Citicore Renewable Energy Corp. for P4.69 per share for a total value of P991.65 million.
The Department of Energy (DOE) said around 253 megawatts (MW) of available battery energy storage system capacity could reduce yellow and red alerts in the Visayas grid by at least 50% once connected.
Manila Electric Company (Meralco) has upgraded its North Port Substation in Tondo, Manila to strengthen the safety and reliability of its distribution network serving several major facilities in the area.
The Federation of Philippine Industries (FPI) said reducing electricity costs and strengthening long-term energy security are critical to improving the competitiveness and resilience of Philippine manufacturing.
The Department of Energy on Monday announced a phased plan to eliminate non-technical system loss among electric cooperatives by cutting down on electricity theft and operational inefficiencies to lower consumer bills.
The Department of Energy (DOE) is eyeing to raise the penalty for anyone who would steal electricity as the government works to scrap the system loss charges on electric bills.
The Department of Energy (DOE) ordered the National Grid Corporation of the Philippines (NGCP) to install over 250 megawatts of battery energy storage system to address the thinning energy supply in the Visayas grid.
Although no double-digit increases are expected in the coming weeks, motorists will still see an uptick in pump prices starting Aug. 25, with diesel going up by P2.31 per liter, the Department of Energy (DOE) said on Monday.