THE ENERGY Regulatory Commission (ERC) on Tuesday ordered the suspension of trading in the Wholesale Electricity Spot Market (WESM) during red alerts to prevent a spike in electricity prices.
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MANILA – President Ferdinand R. Marcos Jr. said Wednesday the Energy Regulatory Commission (ERC) would temporarily suspend the Wholesale Electricity Spot Market (WESM) operation during a red alert notice in the country’s power grids to tame the rising prices of electricity.
The Philippine Energy Efficiency Alliance (PE2) called for a strategic shift to address the tight power supply by managing peak demand as a prerequisite to planning new generating and transmission capacities.
MANILA Electric Co. (Meralco) said it awaits the approval of the Energy Regulatory Commission (ERC) for its 400-megawatt (MW) power supply agreement (PSA) with San Miguel Corp.’s power unit to help boost its energy requirements.
In the absence of readily available capacity that it can procure via power supply agreement (PSA) underpinned by competitive selection process (CSP), power utility giant Manila Electric Company (Meralco) indicated that it will be left with no choice but to secure 260 megawatts (MW) of its required peaking capacity from the Wholesale Electricity Spot Market.
State-run Philippine National Oil Company (PNOC) has cemented a memorandum of understanding (MOU) with LBP Resources and Development Corporation (LBRDC), a subsidiary of Land Bank, for the rollout of solar rooftop installations at the latter’s economic zone domains.
Aboitiz Power Corp. subsidiary Therma Quezon Energy Inc. (TQE) proposed to develop a 1,310-megawatt combined cycle gas power plant (CCPT) in Pagbilao, Quezon and a liquefied natural gas terminal ((LNG) with estimated project cost of $1 billion.
Aboitiz Renewables Inc. (ARI), the renewable energy (RE) arm of Aboitiz Power Corp., said Tuesday the timely testing and commissioning of the 159-megawatt peak (MWp) Laoag Solar Power Plant in Aguilar, Pangasinan helped provide additional capacity and minimize grid strain, given the tight power supply.
MANILA Electric Co. (Meralco) said it has started conducting a full feasibility study with US-based company Ultra Safe Nuclear Corp. (USNC) for the installation of micro modular reactors (MMR) in the Philippines.
MANILA – Senator Grace Poe on Wednesday urged her colleagues to approve the franchise bid of three power distribution utilities in Leyte, Romblon, and Negros Occidental to ensure power demand and prevent outages amid continued rising heat indices due to the El Niño phenomenon.
POLICIES hindering the extraction of “green” minerals must be removed to facilitate the transition to renewable energy, an analyst said.
In the midst of surging power demand and concerns over energy security, the importance of a more resilient and robust energy infrastructure in maintaining reliable supply for the Philippines has taken center stage.