The ‘nick of time’ enforcement of the new P9.00 kilowatt hour (kWh) permanent price threshold for the secondary cap in the Wholesale Electricity Spot Market (WESM) will likely temper the anticipated spike in electricity rates to be passed on to consumers this February billing month.
The Energy Department has issued a show cause order to Mirae Asia Energy Corp. of South Korea for the delay in the implementation of the 20-megawatt solar power project in Currimao, Ilocos Norte.
Power distributor Manila Electric Co. said it expects to convince locators at economic zones in Cavite managed by the Philippine Economic Zone Authority to participate in the interruptible load program.
Meralco PowerGen Corp., the power generation arm of distributor Manila Electric Co., will start the construction of the 455-megawatt coal plant in Mauban, Quezon this year to complete it by 2018.
Transnational Uyeno Solar Corp., a joint venture between Transnational Diversified Group and Uyeno Green Solutions of Japan, has completed a solar power project atop a branch of coffee chain Starbucks in Quezon City.
The proposed suspension of the Wholesale Electricity Spot Market’s (WESM) must-offer rule supposedly enforced for hydro and diesel plants will no longer be pursued as part of the summer months’ contingencies, according to Energy Secretary Carlos Jericho L. Petilla.
To ensure that the generated electricity of the 270-megawatt Concepcion coal-fired power facility will be injected into the power grid, the P1.783 billion Eastern Panay transmission loop project of the National Grid Corporation of the Philippines (NGCP) has been given provisional approval by the Energy Regulatory Commission.
One generating unit of the 650-megawatt Malaya thermal power plant cannot go back to operations on critical summer months because the contractor engaged by the Power Sector Assets and Liabilities Management Corporation (PSALM) on its ‘turbine overhaul’ is lacking in experience.
Power utility giant Manila Electric Company (Meralco) is seeking for the relocation of some of its facilities at the Ninoy Aquino International Airport (NAIA) as well as value recovery of the facilities which stand in the way of the expressway project for the country’s international airport.
MANILA, Philippines – Want to know how much is the cost of using a certain household appliance, say per hour of use or per day of use ,so you can manage your electricity expenses?
MANILA, Philippines – Manuel V. Pangilinan is aiming to transform Manila Electric Co. (Meralco) into a world-class Internet company and not just a power firm.
MANILA – With the country facing imminent power crisis, the government has reduced the real property taxes and waived the penalties imposed on the facilities of independent power producers (IPPs) under build-operate-transfer contracts with government-owned or controlled corporations.