Energy
Power spot prices rise 10.1% in December
Electricity prices at the Wholesale Electricity Spot Market (WESM) rose by 10.1 percent in December, driven mainly by higher power demand in the Visayas and Mindanao, data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed.
Meralco draws strong interest for 200-MW project
Fifteen power generation companies have shown interest in Manila Electric Company’s (Meralco) bidding process to supply 200 megawatts (MW) of renewable energy as part of its Renewable Portfolio Standards (RPS) compliance.
ACEN to supply renewable power to five Schneider Electric plants in Cavite
ACEN Corp. retail unit ACEN RES will supply renewable electricity to five Schneider Electric manufacturing facilities located at the Cavite Economic Zone, the company said Tuesday.
PXP Energy gets DOE clearance to continue Galoc oil field operations
PXP Energy Corp. has secured government approval to continue operations in the Galoc oil field in Northwest Palawan after receiving the executed Petroleum Service Contract (SC) 88 from the Department of Energy (DOE).
DOE adopts competitive bidding for renewable energy contracts
The Department of Energy (DOE) has officially adopted the Open and Competitive Selection Process (OCSP) for awarding renewable energy service contracts (RESCs), a move aimed at speeding up renewable energy development in the country.
