Meralco eyes additional solar power supply

After closing three solar power supply deals, Manila Electric Co. (Meralco) is looking to add 50 to 100 megawatts (MW) of solar capacity to meet the renewable energy requirements of its franchise area. Meralco president Oscar Reyes said the company has received at least 10 offers to supply solar energy to the power distributor. “We’ll…

NGCP moves to improve RE integration

NATIONAL GRID Corporation of the Philippines (NGCP) said on Friday that it had set up a “comprehensive program” to ensure its capability to take in renewable energy (RE) power sources into the grid. “Because of the intermittent nature of some renewable energy sources, particularly solar and wind, balancing the system’s supply and demand becomes challenging….

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…

Meralco ends H1 with 11% sales increase

MANILA Electric Co. (Meralco), the country’s largest distribution-utility firm, likely ended the first six months of the year with an 11-percent growth in sales volume. “Estimated year-to-date sales increased by 11.1 percent, while June 2016 versus June 2015 grew by 5.5 percent,” Meralco Senior Vice President and Head of Customer Retail Services and Corporate Communications Alfredo…

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…

PEMC receives 20 contestable market applications

THE PHILIPPINE Electricity Market Corp. (PEMC) has received 20 applications from electricity end-users consuming 750kwh who wish to become “contestable consumers” and have the option to choose their retail electricity supplier (RES), the company said on Tuesday. This comes as the ERC has finally issued the dates during which contestable consumers are required to buy their electricity…