CA allows ERC to settle suits vs Meralco, AboitizPower

THE Court of Appeals (CA) has given the Energy Regulatory Commission (ERC) the go signal to hear and resolve anti competitive behavior and other unfair trade and practices against power distributor Manila Electric Co. (Meralco) and the subsidiaries of power firm Aboitiz Power Corp. in connection with the shutdown of the Malampaya gas facility, which affected…

AC Energy looking for more RE projects among neighbors

AC Energy, Ayala Corp.’s energy-holding company, is looking at more renewable-energy (RE) investment opportunities in the Asia-Pacific region to achieve a balanced mix of its renewables and thermal portfolios by 2025. In an interview, AC Energy President Eric Francia said the company would need to seal “a lot” of partnerships to achieve its goal—a 50-50 split…

2 firms keen on buying Malampaya gas

AT least two firms have formally expressed interest to participate in the public bidding of unused Malampaya natural gas, more known as banked gas. Philippine National Oil Co. (PNOC) Executive Assistant Jannefer Pelayo said on Wednesday one foreign firm and one local firm are interested to buy the banked gas comprising of 97.67 petajoules from the state…

Meralco-First NatGas power supply deal gets ERC go signal

THE Energy Regulatory Commission (ERC) has granted Manila Electric Co. (Meralco) and First NatGas Power Corp. (FNPC) the authority to implement their power supply agreement (PSA) in an “interim relief” that sets certain conditions. “In the event that the final rate is higher than that granted in the interim, the resulting additional charges shall be…

Palace signs law creating power co-op rehab fund

PRESIDENT Rodrigo R. Duterte has signed into law the bill creating the Electric Cooperatives Emergency and Resiliency Fund (ECERF), officials said. House Majority Leader Rodolfo C. Fariñas distributed on Tuesday copies of the letter sent by Executive Secretary Salvador C. Medialdea to Speaker Pantaleon D. Alvarez, confirming the law’s signing on June 29. The law…

Safety rules not keeping up with waste-to-energy technology, expert says

PHILIPPINE LAW has not kept pace with developments in waste-to-energy technology, leaving communities surrounding these projects at risk from the pollutants they generate, which may cause cancer and other health problems, an energy technology expert said. “There are some safety issues with regard to the engineering of the technology itself,” said Jorge A. Emmanuel, Ph.D.,…

Daguma touts economic benefits of coal project

Daguma Agro Minerals Inc. —the concession holder of the Department of Energy’s (DOE) coal mining project in Lake Sebu, South Cotabato—remains hopeful that its operations can still proceed despite the rejection by the local council in a controversial vote, considering the project’s importance. In a statement, the company said the decision of the Sangguniang Panlalawigan…

Marine service provider buys energy company

Tugboat and marine service provider Harbor Star Shipping Services Inc. has diversified into the energy business with the acquisition of a controlling stake in a group of companies with interests in power generation and distribution in Mindanao. Harbor Star obtained its board’s approval to buy—through wholly owned subsidiary Harbor Star Energy Corp. (HSEC)—60 percent of…

BMI: Renewables see increasing gov’t support, investor interest

POWER CAPACITY provided by renewable energy is expected to hit 5.4 gigawatts (GW) in 2026, making the Philippines one of the “outperformers” in the region, BMI Research said. “Increasing investor interest in the [Philippine] renewables sector, supportive government policy and renewed efforts to channel investment into grid infrastructure underpin our constructive growth forecasts for non-hydropower…

Commissioner says TransCo bid for grid link beyond ERC’s scope

NATIONAL Transmission Corp.’s (TransCo) proposal to supervise the Visayas-Mindanao interconnection project is beyond the scope of the Energy Regulatory Commission (ERC) and should be discussed by the state-led agency with the power system operator, an ERC commissioner said. “[On the supervision over the project], maybe that’s something that they have to take up with NGCP…

ERC expects decision this year on 3 out of 7 Meralco PSAs

The Energy Regulatory Commission (ERC) is hopeful to come out with a decision on three out of seven power supply agreements (PSAs) of Manila Electric Co. (Meralco) by year-end. In a forum yesterday, ERC commissioner Josefina Magpale-Asirit said the power regulator is looking to issue a decision on three Meralco PSAs with Redondo Peninsula Energy…