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The Energy Regulatory Commission (ERC) has ordered the resumption of trading in the Wholesale Electricity Spot Market (WESM) in the Visayas a month after its suspension due to the widespread damage Typhoon...
A month after Typhoon Odette slammed Visayas and Mindanao, Petron Corporation said it has fully resumed operations of its terminals and stations in the said areas. In a statement released on Monday,...
The third tranche of Aboitiz Power Corporation’s bond offer has received the highest credit rating from the Philippine Rating Services Corporation (PhilRatings). PhilRatings gave a “PRS Aaa” rating with a Stable Outlook...
Local independent wind power developer Triconti Windkraft Group has recently partnered with European firms for the development of its five offshore wind projects throughout the country, with an aggregate capacity of 3.5...
Households may face higher electrical bills in February as rates in the Wholesale Electricity Spot Market (WESM) spiked after last week’s Yellow Alerts in the Luzon Grid. Based on a Manila Bulletin...
The Energy Regulatory Commission (ERC) has cleared SMCGP Philippines Energy Storage Co. Ltd. (SMCGP Storage) of the San Miguel group to connect its 20-megawatt (MW) battery energy storage system (BESS) facility in...
The Department of Energy (DOE) has required power generation companies (gencos) with coal plants to submit a full inventory report that would help assess possible obstacles once the coal export ban in...
Petron Corporation’s executive committee has authorized the offer and issue of dollar-denominated senior notes worth up to $500 million to fund its 184-megawatt (MW) power plant project inside its refinery in Limay,...
The Visayan Electric Company (VECO) said it is already investigating reports about linemen or contractors extorting money in exchange for prioritization of the re-electrification of their homes or establishments following the onslaught...
Aboitiz Power Corporation has sought the Securities and Exchange Commission’s (SEC) approval for the issuance of the third tranche of its Php30 billion fixed-rate retail bonds, which it registered with the agency...
