SPC Power Corp. unit SPC Island Power Corp. (SIPC), has signed contracts to develop battery energy storage systems (BESS) in Panay and Bohol with a combined capacity of 160 megawatt-hours (MWh).
Households and businesses should brace for higher electricity bills in 2025 following two major rulings by the Energy Regulatory Commission (ERC) which will directly impact power rates across the country.
The various fuel retailers will implement mixed price adjustments starting Tuesday, October 21. Gasoline prices will rise by P0.10 per liter, while diesel and kerosene will drop by P0.70 and P0.60 per liter, respectively.
The Manila Electric Co. (Meralco) is targeting the installation of an additional 1,500 circuit kilometers of underground power lines by 2030, expanding from the current 567 circuit kilometers.