Energy
Developer fires first of an eventual 5,000-MW RE portfolio
Alternative or renewable energy (RE) developer Citicore Renewable Energy Corp. (CREC) has set aside capital expenditure of $800 million or P43.58 billion this year meant to add 1,000 megawatts (MW) worth of projects in its portfolio.
NEA uncovers irregular 130-MW power purchase
The National Electrification Administration (NEA) has issued show-cause letters (SCL) against eight electric cooperatives (ECs) to explain an allegedly "highly irregular process" by which their collective purchase of 130 megawatts of electricity have been conducted.
Meralco renews 300 MW EPSA with Aboitiz
The Manila Electric Co. (Meralco) has renewed its emergency power supply agreement (EPSA) with Aboitiz Power’s GNPower Dinginin Ltd. for the supply of 300...
Solar Philippines signs various agreements with Prime Infra
The Razon-Leviste tandem which has secured an 850 mega-watt alternating current (MWac) power supply agreement with the electricity distributor Manila Electric Co. or Meralco have tightened their commercial agreements to ensure the delivery of alternative energy within the first three months of 2026, as committed.
WESM rates up in February
The cost of power obtained from the Wholesale Electricity Spot Market (WESM) in Luzon and the Visayas thus far this month trended up, according to the independent electricity market operator of the Philippines (IEMOP).
