The cost of electricity within the Manila Electric Co. (Meralco) franchise area is seen higher in January as a result of higher charges imposed by the Wholesale Electricity Sport Market (WESM).
DMCI Power Corp., the off-grid power generation unit of listed energy and construction group DMCI Holdings Inc., recorded a 7 percent increase in sales volume in 2023 to 454 gigaWatt-hours.
DMCI Holdings Inc. subsidiary DMCI Power Corp. is keen on pursuing a 12-megawatt on-shore wind project in Mindoro and a separate 4-MW solar project in Masbate representing its maiden venture into the renewables sector.
The Manila Electric Co. (Meralco) has secured the best bids for 1,800 megawatts (MW) worth of supply from three generation companies after the completion of a competitive selection process (CSP) last week.