Energy & Mining
IEMOP signals WESM price hikes as mercury levels climb in the hot months ahead
The Independent Electricity Market Operator of the Philippines (IEMOP) projected peak power demand rising 6 percent at the Wholesale Electricity Spot Market (WESM) as temperature climbs in the hot months forward when the island groups across the country demand the most from the power grid.
Alabat Wind supplies NGCP with 62.4 MW in a new interconnection pact
The Alabat Wind Power Corp. (AWPC), the renewable energy arm of Alternergy Holdings Corp., is supplying the National Grid Corporation of the Philippines (NGCP) with 62.4 megawatts (MW) from its wind power project in Alabat, Quezon in an interconnection agreement (ICA)
Lone bidder at Meralco CSP exercise raises likelihood of negotiated power purchase
Only one company has expressed interest to provide the Manila Electric Co. (Meralco) with the 260 megawatts of power it needs for its franchise area in the hot months ahead.
Retailers charge more than P2 for a liter of gasoline on Lenten Week
The price of gasoline is set to rise another P2.20 per liter starting 12:00 midnight Tuesday, the various fuel retailers said on Monday.
Lower RCOA threshold allows more Mindanao consumers to access choice power companies
The Energy Regulatory Commission (ERC) said more than a hundred Mindanao power companies qualified for participation at the retail competition and open access (RCOA) program.
