An energy advocacy group on Thursday questioned Manila Electric Company’s (Meralco) refusal to shoulder system loss charges following President Ferdinand Marcos Jr.’s directive to the Department of Energy (DOE) to scrap such charges in the consumers’ electric bills.
The Department of Energy (DOE) has prepared a human rights-based, multi-criteria decision analysis approach to help the government address energy issues in the country.
The National Electrification Administration (NEA) may provide loans to help electric cooperatives upgrade their facilities and reduce system losses, a Department of Energy (DOE) official said Wednesday, following President Ferdinand Marcos Jr.’s call to remove system loss charges from consumers’ electric bills.
THE Energy Regulatory Commission (ERC) has authorized Manila Electric Co. (Meralco) to continue sourcing power from the 1,200-megawatt (MW) Sta. Rita gas-fired power plant in Batangas for another six months, with projected consumer savings of P4.2 billion from the use of Malampaya gas and other rate-reduction measures.
Prime Energy has signed an interim natural gas supply agreement with South Premiere Power Corp. (SPPC) to supply indigenous Malampaya gas to the 1,200-megawatt Ilijan Power Plant, a move expected to lower generation costs and help reduce electricity rates beginning September.
ALTERNERGY Holdings Corp. has started delivering electricity from its 128-megawatt (MW) Tanay wind farm to the Luzon grid, becoming the first project awarded under the second Green Energy Auction (GEA-2) in 2023 to supply power to the grid.
Prime Infra hosted executives from Japan’s Kansai Electric Power Co., Inc. (KANSAI) at the 600-megawatt (MW) Wawa Pumped Storage Hydroelectric Power Project in Rizal, marking the Japanese utility’s first project visit following its acquisition of a stake in the project’s parent company.
The Institute for Climate and Sustainable Cities (ICSC) urged the government to conduct a rigorous, evidence-based assessment before committing the Philippines to specific nuclear energy capacity targets.
FCC Philippines, the local unit of Japan’s FCC CO., LTD., has signed a 15-year solar power purchase agreement (PPA) with Peak Energy, a Singapore-based clean energy developer and Independent Power Producer (IPP), to supply renewable electricity to its manufacturing facility in Laguna.
Manila Electric Co. (Meralco) reported a 3.8-percent increase in first-half consolidated core net income to P26.5 billion from P25.5 billion a year ago even as company chairman Manuel Pangilinan warned that removing system loss charges without a clear funding mechanism could trigger financial losses across the power sector.