Energy & Mining
Luzon grid under yellow alert amid power shortage
The Luzon Grid was placed under yellow alert from 5 to 7 p.m. on Wednesday, marking the first instance this year as the National Grid Corporation of the Philippines (NGCP) warned of strain on the region's power supply.
ACEN affiliate eyes $13M Malaysian solar investment
ACEN Corp. said Wednesday that affiliated joint venture IBV ACEN Renewables Asia Pte. Ltd. is nearing completion of its investment assessment for solar projects in Malaysia, valued at $13 million. This development signals the company's expansion into new markets and strengthens its commitment to renewable energy.
Wyn Power Corp. breaks ground on P1.5B solar project in Batangas
Wyn Power Corp. has started construction on a 50-megawatt solar photovoltaic project in Barangay Bukal, Taysan, Batangas costing P1.5 billion. The 48-hectare solar plant will generate up to 74 million kilowatt-hours of clean energy annually, supporting industries and consumers served by Batangas II Electric Cooperative (Batelec II) and surrounding cooperatives.
Energy rates fall in February amid rising supply
The average price of electricity at the Wholesale Electricity Spot Market (WESM) saw a notable drop in February, despite an uptick in power demand. Data from the Independent Electricity Market Operator of the Philippines (IEMOP) released on Wednesday revealed that the average price per kilowatt-hour (kWh) in February stood at P2.73, marking a 7.8 percent decrease from January’s P2.96.
DOE urges efficient energy use to prevent grid strain as temperatures rise
The Department of Energy (DOE) is urging households, businesses, and government institutions to adopt energy-efficient practices as the summer season approaches to help manage electricity consumption and maintain grid stability.
