Power News

May 3, 2024

ERC tells distributors, generators to prevent electricity ‘bill shock’

By Alena Mae S. Flores – May 2, 2024, 8:10 pm from manilastandard.net The Energy Regulatory Commission asked distribution utilities to stagger the anticipated bill shock amid the red and yellow alerts experienced in April that led to higher prices […]
May 3, 2024

Aboitiz unit’s Calatrava solar project seeks connection to Visayas grid

By Alena Mae S. Flores – May 2, 2024, 7:55 pm from manilastandard.net Aboitiz Solar Power Inc. (ASPI) is seeking a provisional approval from the Energy Regulatory Commission to develop a dedicated point-to-point limited transmission facility to connect its 137.48-megawatt […]
May 3, 2024

Meralco pursues nuclear energy feasibility study

By Alena Mae S. Flores – May 1, 2024, 9:05 pm from manilastandard.net Power retailer Manila Electric Co., in partnership with US-based Ultra Safe Nuclear Corp. (USNC), plans to proceed with the full feasibility study on nuclear power this year, […]
May 3, 2024

DOE asked to manage peak power demand

By Alena Mae S. Flores – May 1, 2024, 8:55 pm from manilastandard.net 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 […]
May 2, 2024

EDC gets ESG award from Macquarie

By Manila Standard Business – May 1, 2024, 8:15 pm Energy Development Corp. (EDC), a 100-percent renewable energy firm, received the ESG Leadership Excellence Award for Social Impact from its shareholder Macquarie Asset Management (MAM). A global asset manager renowned […]
May 2, 2024

Meralco to tap spot market for 260-MW peaking supply

By Alena Mae S. Flores – May 1, 2024, 7:50 pm from manilstandard.net Power retailer Manila Electric Co. plans to source its 260-megawatt peaking capacity requirement from the Wholesale Electricity Spot Market, where prices are more volatile due to lack […]
May 2, 2024

Aboitiz Power unit to invest $1b in LNG complex

By Alena Mae S. Flores – April 30, 2024, 7:45 pm from manilastandard.net 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 […]
May 2, 2024

AboitizPower’s solar plant adds new capacity to the grid amid tight supply

By Alena Mae S. Flores – April 30, 2024, 7:25 pm from manilastandard.net 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 […]
April 30, 2024

Higher power demand seen in May

By Alena Mae S. Flores – April 29, 2024, 9:00 pm from manilastandard.net Power demand could further increase in May after it reached a peak of 9,301 megawatts on April 24, surpassing the 2024 and 2025 forecasts, the country’s largest […]
April 30, 2024

Meralco looking at P40-b core net income this year

By Alena Mae S. Flores – April 29, 2024, 7:35 pm from manilastandard.net Manila Electric Co. (Meralco) is looking at full-year consolidated core net income of P40 billion in 2024, as first-quarter income climbed 11 percent to P10.1 billion on […]