DOE denies Luzon grid on yellow power alert until June

The Department of Energy DOE on Monday refuted a media report that the Luzon island has been placed on the second highest alert until June due to insufficient power reserves. A newspaper citing the National Grid Corporation of the Philippines NGCP had reported that a yellow alert was raised in Luzon after several power plants…

No brownouts seen as sufficient power supply forecast this summer

No electricity supply shortfall is expected in the summer months, but the Philippines can’t give up coal-fired power plants as these are needed to keep the economy going, according to the Department of Energy. Energy Undersecretary Felix William Fuentebella said yesterday the Luzon grid had a generating capacity of about 10,000 megawatts while demand was…

Aboitiz Power to electrify Walter Mart malls

Community mall pioneer Walter Mart has teamed up with Aboitiz Power Corp. to power up its new malls under the Retail Competition and Open Access (RCOA) regime. Aboitiz Power and Walter Mart have signed a 4.7-megawatt (MW) power supply deal for its mall expansion this year. This year, Walter Mart is set to open branches…

Mindanao power producers urged to maximize energy mix

Mindanao electric cooperatives (ECs) and distribution utilities (DUs) are urged to take advantage of the excess power supply regime in the power grid as the Mindanao Development Authority (MinDA) pushes for reliable and affordable power supply in the region. MinDA said power distributors should maximize their energy mix and ensure affordable power for their consumers…

Surplus means rehab possible for Agus-Pulangi — DoE

The Department of Energy (DoE) said it is open to the idea of the Agus-Pulangi hydroelectric power complex in Mindanao to being rehabilitated before its eventual sale to the private sector. “We have more than enough [power supply] in Mindanao. Having more than enough it would be an opportune time to rehab,” Energy Secretary Alfonso G….

Solon seeks probe on energy regulator, Meralco

A lawmaker on Tuesday called for an investigation on allegations the extension of a regulatory deadline for compliance with competition rules benefited the Manila Electric Co. The Energy Regulatory Commission had set a November 2015 deadline but was later extended to 2016, Bayan Muna party-list Representative Carlos Isagani Zarate said. Four days before the new…

Manila Electric Co. (Meralco) likely achieved its core net income guidance of P19 billion last year as overall demand bill volume went up. Meralco chairman Manuel V. Pangilinan told reporters the power distributor is expected to have met its P19 billion core net profit guidance for 2016. “Overall demand bill volume was slightly above eight…

Solar now cheapest source of energy

Solar power is becoming the world’s cheapest form of new electricity generation, according to an international group of renewable energy and financial experts. A recent report from the Bloomberg New Energy Finance, a team of experts in cross-sectors and cross-geography trends spread across six continents, shows that solar now outranks wind as the cheapest form…

Malampaya funds eyed to lower rates

The government is considering the use of a portion of the P228-billion Malampaya fund to reduce power costs in the Philippines, an energy official said over the weekend. “The DoE was informed that about P228 billion was deposited to the special account of the fund three months ago. This can be verified with the Department…

Palawan suffers daily power interruptions

Residents of Puerto Princesa and Southern Palawan have been experiencing daily power interruptions since 2017 started. The Palawan Electric Cooperative PALECO said the power interruptions were caused by power line faults and problems in their independent power provider’s generators. Read more here.