Category: Energy

Category Added in a WPeMatico Campaign

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 […]

Motorists to Face Higher Fuel Prices as Retailers Announce Price Hike for 2025

Motorists will see an increase in petroleum product prices this week as retailers announced a significant price hike on Monday to kick off 2025, following a rollback the previous week. In separate announcements, Seaoil Philippines Corp. and Shell Pilipinas Corp. stated they will raise the prices per liter of gasoline and kerosene by P1.00 each, […]

ERC Sets P25/kWh Price Cap for Backup Power in Reserve Market

MANILA, Philippines — The Energy Regulatory Commission (ERC) has introduced a price cap of P25 per kilowatt-hour (kWh) for backup power offered to the National Grid Corp. of the Philippines. During a recent meeting, the ERC decided to set a minimum offer price of zero per megawatt-hour and a maximum of P25,000 per MWh, equivalent […]