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Friday, December 6, 2024

Energy

Reserve market billing to raise 2025 power rates

The Energy Regulatory Commission (ERC) approved the collection of P3.05 billion from consumers to cover 70 percent of uncollected payments in the ancillary reserve market. This is expected to result in higher electricity prices. The ERC said the National Grid Corporation of the Philippines (NGCP) will collect the amount over three months for Luzon and Mindanao consumers and six months for Visayas consumers. The rate impact will be P0.124 per...

IEMOP: WESM rates rise amid lower supply margins

The average system-wide electricity prices at the Wholesale Electricity Spot Market (WESM)...

DOE’s green energy auction moved to 2025

The Department of Energy said Thursday the planned Green Energy Auction (GEA-3)...

AboitizPower unit energizes 45MWp solar plant in Tarlac province

Aboitiz Power Corp. (AboitizPower), through its renewable energy arm Aboitiz Renewables Inc....

EEI Power, Mindoro hospital ink deal for rooftop solar system

EEI Power Corp., the energy arm of construction giant EEI Corp., and...

Electric coops exempted from local taxes

The Department of Energy said Thursday all electric cooperatives (ECs) in the...

Reserve market billing to raise 2025 power rates

The Energy Regulatory Commission (ERC) approved the collection of P3.05 billion from consumers to cover 70 percent of uncollected payments in the ancillary reserve market. This is expected to result in higher electricity prices. The ERC said the National Grid Corporation of the Philippines (NGCP) will collect the amount over three months for Luzon and Mindanao consumers and six months for Visayas consumers. The rate impact will be P0.124 per...

IEMOP: WESM rates rise amid lower supply margins

The average system-wide electricity prices at the Wholesale Electricity Spot Market (WESM)...

DOE’s green energy auction moved to 2025

The Department of Energy said Thursday the planned Green Energy Auction (GEA-3)...

AboitizPower unit energizes 45MWp solar plant in Tarlac province

Aboitiz Power Corp. (AboitizPower), through its renewable energy arm Aboitiz Renewables Inc....

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MGen plans to convert 2 stranded assets into gas-fired power plants

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First Gen hydro unit secures P7-b financing from 3 banks

First Gen Hydro Power Corp. (FG Hydro), a subsidiary of First Gen Corp. (First Gen) signed loan agreements with BDO Unibank, Inc. (BDO), Bank...

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