Safe Power, Low Rates, Green Future: The MORE Power Way
At a time when rising electricity costs and environmental issues affect many communities, one company in Iloilo City is quietly making a big difference. MORE Electric and Power Corporation, or MORE Power, isn’t just keeping the lights on—it’s leading the way with safety, affordability, and sustainability at its core. Since starting operations in 2020, MORE […]
Meralco Optimistic About Nuclear Energy Progress Under New Energy Chief
MANILA, Philippines — The Manila Electric Co. (Meralco) expressed confidence in the advancement of the country’s nuclear energy initiatives under interim Energy Secretary Sharon S. Garin, citing her previous leadership of the Department of Energy’s (DoE) nuclear energy division. “With her leading the department, we believe the nuclear agenda will move forward,” said Ronnie L. […]
DOE Clears Five Renewable Energy Projects for Grid Impact Study
The Department of Energy (DOE) has greenlit five new renewable energy projects with a combined capacity of over 500 megawatts (MW) to proceed with a crucial system impact study (SIS) in coordination with the National Grid Corporation of the Philippines (NGCP). The SIS, a mandatory step for all major power projects, will determine if the […]
Power Interruptions Scheduled in Five Provinces on April 6 for Maintenance
Several areas across five provinces in the Philippines will experience power interruptions on Sunday, April 6, due to scheduled maintenance, according to advisories from the National Grid Corporation of the Philippines (NGCP) released on Thursday. The affected areas are as follows: AlbayPower outages will occur on April 6 from 6 a.m. to 8 a.m. and […]
Meralco Aims for P50 Billion Profit Following Record-Breaking 2024
The Manila Electric Co. (Meralco) is setting its sights on a P50 billion net income this year, following its strong financial performance in 2024. The company’s record-breaking growth has positioned it for further expansion, with strategic investments in renewable energy, infrastructure, and smart technologies driving its ambitions. Record-High Earnings in 2024 Meralco recorded a core […]
ERC Approves FIT-All Increase, Higher Electricity Bills Expected
Consumers should brace for higher electricity costs next month as the Energy Regulatory Commission (ERC) has approved an increase in the feed-in tariff allowance (FIT-All). The adjustment follows the depletion of the FIT-All Fund, attributed to persistently low prices in the Wholesale Electricity Spot Market (WESM). In a statement, the ERC confirmed that it granted […]
Electricity Rates Expected to Rise Amid Summer Heat and Election Campaigns
MANILA, Philippines — Electricity rates in the country’s power spot market may increase in the coming months as demand rises due to hotter temperatures and political campaign rallies. The Wholesale Electricity Spot Market (WESM), where electricity is traded, recorded an average price of P2.96 per kilowatt-hour (kWh) last month, the lowest in two years. However, […]
Fuel Prices Expected to Rise Next Week – DOE
Motorists should brace for higher fuel prices next week, according to the Department of Energy (DOE) on Friday. Based on international trading over the past four days, DOE-Oil Industry Management Bureau Assistant Director Rodela Romero shared the estimated price adjustments for petroleum products: Gasoline – Increase of P0.45 to P0.75 per liter Diesel – Increase […]
Court Orders RCBC to Unfreeze Philippine Sanjia Steel Corporation Account
Cagayan de Oro City, Misamis Oriental — The Regional Trial Court of Misamis Oriental, Branch 41, issued a decisive order on December 23, 2024, reiterating its earlier resolution and temporary restraining order (TRO) to enjoin Rizal Commercial Banking Corporation (RCBC) and its Lapasan Business Center Branch Manager, Sherlene Seriña, from freezing the account of Philippine […]
Mayor Treñas Orders Removal of Wires on Diversion Road by January 16, 2025
ILOILO City Mayor Jerry Treñas has set a deadline for public utility companies to remove their wires and poles along the Diversion Road, also known as Senator Benigno S. Aquino Jr. Avenue, by January 16, 2025. This comes after the city government successfully dismantled the tangled wires at Calle Real or JM Basa Street in […]