State-run National Electrification Administration (NEA) asked electric cooperatives (EC) during a summit Friday to avail of Land Bank of the Philippines’ (LBP) “Anti-Bill Shock” lending program and other services that can help them resolve financial challenges.
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A subsidiary of Yuchengco-led PetroGreen Energy Corporation (PGEC) has inked a 10-year power supply agreement (PSA) with SN Aboitiz Power Group (SNAP) for the supply of 15.6 megawatts (MWac) from the former’s solar facility in Nueva Ecija.
ACEN Corp., Ayala Group’s listed energy arm, said Monday its subsidiaries are investing in a 165.6-megawatt wind project in Texas, United States.
Because of a newly energized battery energy storage system (BESS), renewable power firm Alternergy Holdings Corp. was able to beef up its financial revenues for the fiscal year 2024.
The Luzon Grid will be placed under yellow alert status on Monday afternoon, May 13, 2024, as 20 plants remain on forced outage, according to the National Grid Corporation of the Philippines (NGCP).
THE Energy Development Corp. (EDC) said it has obtained approval from the Securities and Exchange Commission (SEC) to issue green bonds worth P10 billion.
LEGAZPI CITY – The Albay Electric Cooperative Inc. (Aleco) opened a one-stop shop in this capital city on Monday to further improve delivery of services.
Family budgets could be stretched a little further this week, as consumers will be greeted with relatively substantial reprieve on their drive to the petroleum stations – especially with the big-time rollback for gasoline prices.
ELECTRICITY spot prices rose in early April due to the increase in demand, the Independent Electricity Market Operator of the Philippines (IEMOP) said.
Electricity spot market prices in all grids shot up to nearly P7 per kilowatt hour (kWh) last month after the Luzon grid was placed on 21 red alerts and 23 for the Visayas grid.
THE Energy Regulatory Commission (ERC) has acknowledged the importance of diesel power plants for preventing a massive power outage, as these can best provide immediate response to restore power when major plants conk out, as what happened last month in Luzon and Visayas.
A LAWMAKER has urged the energy sector to guarantee a steady supply of power to safeguard senior citizens from heat-related illnesses in light of the growing threats to the country’s energy security.