The Manila Electric Co. (MERALCO) announced a Php 0.7067 per kilowatt-hour (kwh) decrease in its power rates for the month of July, pulling down the overall rates to Php 9.7545 per kwh. ...
The Energy Regulatory Commission (ERC) has ordered the Philippine Electricity Market Corp. (PEMC) to refund its overcollection in the Market Transaction Fees (MTF) for the years 2019 and 2020. In a Business...
The Independent Market Operator of the Philippines (IEMOP), operator of the Wholesale Electricity Spot Market (WESM), has asked the Department of Energy (DOE) to review its circular that created the agency. IEMOP...
Hurdles involving resistance from landowners and issuance of permits from several local government units have further pushed the launch of the Mindanao-Visayas Interconnection Project (MVIP) to October this year. “It is delayed....
Ayala-led ACEN said it posted a consolidated net income of Php405 million for the first quarter of 2022, 68% lower than the Php1.27 billion recorded in the same period last year. The...
Lopez-led Energy Development Corporation’s (EDC) net income for the first quarter of the year dipped by 19% to Php2.63 billion versus the Php3.26 billion recorded in the same period in 2021. “The...
SMC Global Power Holdings Corporation recorded a 75% drop in its net income to Php1.93 billion in the first quarter of 2022 from Php7.78 billion in the same period last year, based...
The Energy Regulatory Commission (ERC) has scheduled a public hearing on the 170-megawatt (MW) power supply agreement (PSA) between the Manila Electric Company (MERALCO) and SMC Global Power Holdings – the power...
Customers of the Manila Electric Company (MERALCO) will experience an increase of Php0.5363 per kilowatt-hour (kWh) in their electric bills this April due to higher generation costs. The increase would bring this...
Power demand in Luzon and Visayas continues to rise as the economy recovers from the effects of the COVID-19 pandemic, the Independent Electricity Market Operator of the Philippines (IEMOP) said. Based on...
