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Meralco net income up 10% in first quarter

Listed distribution utility Manila Electric Co. (Meralco) posted a net income of P5.312 billion in the first quarter, higher by 10.28% compared with the...

DOE kicks off information campaign on proposed uniform electricity bill

The Department of Energy (DoE) has started going around the country in its campaign to inform the public of its proposal to introduce a...

Energizing a nation

Electricity consumption in the Philippines continues to grow every year, and in 2017, it reached a new peak of 94,370 gigawatt hours (GWh), latest...

Meralco PowerGen Corporation (MGen): Powering the future and transforming communities

By Romsanne R. Ortiguero A wholly-owned subsidiary of the Manila Electric Company (Meralco), the largest electric distribution utility in the Philippines, Meralco PowerGen Corporation (MGen)...

GBP launches training school for its employees in Iloilo

Global Business Power Corp. (GBP) has launched a learning institute in Iloilo City where its employees can enhance their skills in meeting real life...

PetroEnergy net income surges on higher electricity sales

Higher electricity sales pulled up the consolidated net income of PetroEnergy Resources Corp. (PERC) 2017 as the listed company posted a 44% increase to...

Ninety percent of Philippines’ installed capacity deemed ‘dependable’ — report

The Philippines has shown improvement on the reliability of its power plants over the years, based on a 15-year statistics released by the Department...

Meralco power rates to rise this month

Manila Electric Co. (Meralco) has announced an increase in the overall electricity rates for April at P0.2250 per kilowatt-hour (kWh) for a typical household. It...

Davao Light tapping solar rooftop operators for net metering scheme

DAVAO Light and Power Co., Inc., (Davao Light) the country’s third-biggest privately-owned distribution utility, is encouraging its customers with rooftop solar power systems to...

Davao Light urges solar rooftop owners to join net metering program

Davao Light and Power Co., Inc. is encouraging its solar rooftop owners to sign up under its net metering program that allows them to...

Gatchalian calls for review of national electrification program

Despite the government's efforts towards full rural electrification, more than two million households remain unserved, thus a review of the country's energization program may...

ERC sets installed capacity limit for power generation firms this year

The Energy Regulatory Commission (ERC) has capped the 2018 maximum power generating capacity of a single entity and its related groups to 5,466,779.34 kilowatts...

Meralco criticized for using power outage threat to push for approval...

An energy research institution has criticized distribution utility Manila Electric Co. (Meralco) for pushing for the approval of power supply agreements (PSAs) with coal-fired...

SMPC’s Batangas coal plant back online

Semirara Mining and Power Corp. (SMPC) said on Monday, March 19, that the first 300-megawatt (MW) unit of its two-unit coal-fired thermal power plant...

DMCI Power Corp sets aside P160 million to boost generation capacity

Consunji-led DMCI Power Corp. has set aside around P160 million to acquire seven new diesel generating sets for its Masbate and Palawan operations, its...

First Gen unit, Meralco ink power supply contract

Lopez-led First Gen Corp. said its unit had entered into a power supply contract with distribution utility Manila Electric Co. (Meralco) for the sale...

Meralco bills to go up in March

MANILA Electric Co. (Meralco) is raising its rates this month, but the country’s largest distribution utility said only P0.85 out of the P0.97-per-kilowatt-hour (kWh)...

BSP sees even faster Feb. inflation

INFLATION may have picked up further in February to settle above four percent as prices reflect the full impact of higher levies under the...

Meralco net income up by 27%

Manila Electric Co. (Meralco) reported a net income of P4.46 billion in the fourth quarter of 2017, higher by 27% compared with P3.5 billion...

AboitizPower sees power demand growing by 5%

By Victor V. Saulon, Sub-Editor ABOITIZ POWER Corp. (AboitizPower) expects power demand within the franchise areas of its distribution utilities to grow by 5% in...

AboitizPower unit prepays $320M loan

ABOITIZ Power Corp. (AboitizPower) on Friday said its subsidiary Therma Power, Inc. (TPI) has prepaid $320 million in loans to several banks. AboitizPower said in...

Mindanao WESM targeted for commercial operation by June 2018

DAVAO CITY --Commercial operation of the Wholesale Electric Spot Market (WESM) in Mindanao is targeted to start by June 2018, the the Philippine Electricity...

Inflation rate expected to stay elevated

By Melissa Luz T. Lopez Senior Reporter and Elijah Joseph C. Tubayan Reporter INFLATION in the last two months of the year could match October’s pace, a senior...

MPIC sets P653-B capex for next 5 years

By Arra B. Francia, Reporter SYDNEY, AUSTRALIA — Metro Pacific Investments Corp. (MPIC) will be setting aside P653 billion in capital expenditures for the next...

Meralco bills up for 5th straight month

MANILA ELECTRIC Co. (Meralco) is raising by P0.3436 per kilowatt-hour (/kWh) the overall electricity rate for November due to increases in generation and transmission...

Inflation further picking up steam

INFLATION may have quickened in October -- on the back of higher fuel prices, utility rates, and a weaker peso -- but at a...

Meralco marks Q3 with better financials

THE COUNTRY’s biggest electricity distributor on Friday reported third-quarter earnings performance better than in the first and second quarters, with September alone recording the...

Energy dep’t studying PSE electricity trading proposal

THE Department of Energy (DoE) is open to a proposal for the Philippine Stock Exchange (PSE) to operate a venue for trading electricity, the...

Meralco mulls purchase of up to 100MW additional solar capacity

By Victor V. Saulon, Sub-Editor MANILA ELECTRIC Co. (Meralco) is considering to buy up to 100 megawatts (MW) solar capacity after it agreed to three...

Oct. marks 4th month of Meralco rate hike

CUSTOMERS of Manila Electric Co. (Meralco) will see a P0.0345 per kilowatt-hour (/kWh) increase in overall tariff in October, marking the fourth straight month...

Solar Philippines to sell power to contestable customers

SOLAR PHILIPPINES Power Project Holdings, Inc. is looking to sell the power generated by its two solar farms to contestable customers, or those whose...

Corporatization of electric cooperatives can reduce system loss

Three news reports published by BusinessWorld during the past few days indicated that the energy sector in the Philippines and its several neighbors is...

NEA asked to allow bigger private sector role in rural power

LEGISLATORS have asked the National Electrification Administration (NEA) to allow the private sector to compete in areas in the Philippines where electric cooperatives have...

Meralco bills up for third month in September

CUSTOMERS of Manila Electric Co. (Meralco) will have to pay more for electricity consumption for the third straight month after the utility yesterday announced...

Food, oil, electricity spur Aug. inflation

HIGHER food, oil and electricity costs spurred prices of widely used goods and services in August at the fastest clip in three months, according...

Price hikes could have picked up in Aug.

HIGHER oil and electricity costs as well as rising rice prices likely drove inflation faster in August, the Bangko Sentral ng Pilipinas (BSP) said...

Alcantara Group’s 105-MW power plant to supply Zamboanga City exclusively

DAVAO CITY — The Alcantara Group is going ahead with its 105-megawatt (MW) power plant project in Zamboanga City, with the supply taken up...

Solar to achieve target capacity by next year

SOLAR PHILIPPINES Power Project Holdings, Inc. advanced by about a year the target installation date of the 2,000 megawatts (MW) the company announced when...

ERC asks Supreme Court to lift TRO on RCOA rules

THE Energy Regulatory Commission (ERC) has asked the Supreme Court to lift the temporary restraining order (TRO) on the rules governing retail competition and...

Conflicting policies always hit consumers

The Department of Energy’s budget proposal for fiscal year 2018 is reflective of the administration’s aim of ensuring energy security, in line with President...

Power costs may have pulled down July inflation — DoF

LOWER POWER costs last month as well as steady food prices likely tempered the rise in prices of widely used goods in July, the...

Price hikes expected to have picked up in July

By Melissa Luz T. Lopez Senior Reporter INFLATION likely picked up slightly in July on the back of higher prices of food, electricity, and fuel, analysts...

DoE: Power fully restored in quake-hit provinces

By Victor V. Saulon, Sub-Editor POWER has been fully restored in Leyte, Samar and Bohol after the three provinces suffered for weeks without electricity when...

ERC extends 3 firms’ certificates of compliance

TWO power generation companies and an electric cooperative have secured an extension of their respective certificates of compliance (CoC) from the Energy Regulatory Commission...

Inflation expected to have eased further in June

THE general year-on-year rise in prices of widely used goods and services likely eased further in June from May due to lower fuel and...