Energy & Mining
Power generation charge does not reflect falling global coal prices over year-long ERC study
The Energy Regulatory Commission (ERC) has established a sharp divergence between the price of imported coal that trended lower during a year long study and the actual generation charge levied on consumers during the period. The charge is collected by distribution utilities (DUs) like Meralco on behalf of the various power generation companies (gencos) the country.
DOE bidding for micro-grid services attracts proposals from lone consortium
The Department of Energy (DOE) has completed the opening of bids under the first Micro Grid Service Provider–Competitive Selection Process (MGSP-CSP).
Oil prices to end year 10% lower as demand concerns snap winning streak
Oil prices are set to end 2023 about 10 percent lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices.
Meralco asks consumers to observe electrical safety for accident-free New Year
The Manila Electric Company (Meralco) reminds the public to observe electrical safety as preparations for the New Year go on full swing to ensure a bright and accident-free celebration.
ACEN pouring P12.86B in fresh capital for various units’ renewable energy projects
ACEN Corp., the listed renewable energy arm of the Ayala Group, said Thursday its board approved several subscription contracts that will pour a total P12.86 billion in fresh investments to a number of wholly-owned subsidiaries mainly pursuing solar and wind farm projects.
