Meralco considers Isla Verde as site for 1st microgrid system

MANILA Electric Co. (Meralco) is looking at Isla Verde, an island in Batangas province within its franchise area, as a possible location for its first microgrid system, its president said. “We are working with the local government to energize [the island], to meet their requirements,” Meralco President and Chief Executive Officer Oscar S. Reyes told…

Meralco power sales dampened by cool weather

ELECTRICITY sales in June eased because of cooler weather, tempering power sales growth for the first half to around 6.5%, Manila Electric Co. (Meralco) said. “For the first five months year-to-date, (we had) growth of 7.5% per annum, but June is trending a little softer because, number one, the rains have started. It’s been cool…

Systems loss pass-on charge to be reviewed

THE ENERGY Regulatory Commission (ERC) is looking at reviewing the power systems loss that is billed consumers amid calls to bring down electricity costs, an official of the agency said.  “Probably this is the right time to bring it down with the clamor to reduce power cost,” ERC Commissioner Alfredo J. Non said on Thursday…

Meralco sees flat August charges

Customers of Manila Electric Co. may not experience a price spike in their September electricity bills in spite of the series of yellow and red alerts in late July to early August. “So far, indications are that gen charge movement will be flattish,” Meralco vice president and head of utility economics Lawrence Fernandez said. He…

Meralco eyes 300MW supply contract on H1 2017

Manila Electric Co. (Meralco) is looking to contract up to 300-megawatts (MW) of capacity by the first half of 2017 as it moves to lock-in long-term electricity requirements of its franchise area. Meralco president and CEO Oscar Reyes said the power distributor has so far completed contracting baseload capacity and is now in the process…

Meralco switches on QC substation facility

MANILA Electric Co. (Meralco) has switched on a gas-insulated substation facility in Quezon City that it expects to meet the rising demand of residential and commercial sites in the area. “This facility will provide additional capacity to serve the growing power requirements in the areas of Balintawak, Diliman and San Francisco Del Monte in Quezon…

Cusi meets Meralco on servicing poor

ENERGY Secretary Alfonso G. Cusi met with Manila Electric Co. (Meralco) President Oscar S. Reyes on Thursday, advising the distribution utility to “service the people who need our help the most.” Mr. Cusi cited those in the crowded informal settlements of Smokey Mountain, Payatas and Muntinlupa. He said these are the people President Rodrigo R….

Power firms get 1-year extension on mandatory public share offer

Private power generation companies (gencos) and distribution utilities (DUs) are given a one-year extension to comply with the rule to sell at least 15 percent of common shares to the public, as required by the law. The Energy Regulatory Commission (ERC) in a resolution decided to extend the compliance period of gencos and DUs not…

ERC assures Meralco ‘fair treatment’ when it creates, registers RES affiliate

ENERGY Regulatory Commission (ERC) Chairman Jose Vicente B. Salazar assured the Manila Electric Co. (Meralco) it would get a “fair treatment” should it decide to form an affiliate and have this registered as a retail electricity supplier (RES) with the commission. “We’re not preventing Meralco from forming or creating an affiliate to undertake the business…

DOE crafts draft RPS rules for comment

The Energy Department issued a draft circular requiring electric power companies to source at least 1 percent of their annual energy demand from renewable energy resources for the next 10 years. It said the draft circular on renewable energy portfolio standards or RPS was being adopted to contribute to the growth of the renewable energy industry…

AEV: VECO to post growth in 2016

Aboitiz Equity Ventures, Inc. (AEV) expects its subsidiary, Visayan Electric Co., Inc. (VECO), to post a 5.3% sales growth this year because of the “robust growth in the economy” and other factors including increased electricity consumption amid the extended warm weather.  VECO, the country’s second-largest privately owned distribution utility, is undertaking various expansion projects this year,…