Energy & Mining
Green lane speeds trillions, powers renewables
The government’s Green Lane program has cleared a massive P6.11 trillion worth of investments to date, with renewable energy (RE) projects dominating the fast-tracked pipeline, according to the One-Stop Action Center for Strategic Investments (OSACSI).
Meralco signals minimal January power rate hike
Manila Electric Co. (Meralco) warned Thursday that electricity rates in its franchise area may see a slight increase in January.
DOE opens bidding for 11 renewable energy projects
The Department of Energy (DOE) has opened bidding for 11 renewable energy projects with a combined capacity of at least 105.4 megawatts (MW) under the fifth Open and Competitive Selection Process (OCSP5).
Power spot prices rise 10.1% in December
Electricity prices at the Wholesale Electricity Spot Market (WESM) rose by 10.1 percent in December, driven mainly by higher power demand in the Visayas and Mindanao, data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed.
Meralco draws strong interest for 200-MW project
Fifteen power generation companies have shown interest in Manila Electric Company’s (Meralco) bidding process to supply 200 megawatts (MW) of renewable energy as part of its Renewable Portfolio Standards (RPS) compliance.
