Philippines
Meralco to credit $2.059M payouts in Sept
Meralco to credit $2.059M payouts in Sept
Meralco begins paying around US$2.059 million worth of payouts next month for about 800,000 incidents where service commitments were not met. Incidents are the number of times that Meralco was unable to meet Guaranteed Service Levels provided under the performance-based rate mechanism. Customers are compensated if the distribution utility is unable to meet performance thresholds in duration and frequency of power interruptions, restoration time and connection time. The said amount is for the first regulatory year of the PBR, which was from July 2007 to June 2008.
Kepco to use smart grid in Philippine renewable projects
Kepco is planning to incorporate smart grid technology in expanding in the Philippine wind and hydro power plant projects.
Aboitiz acquires two 100-MW power-generating barges
Aboitiz Power won a negotiated bid to acquire two barge-mounted, diesel-powered generation plants from PSALM. Each of the plants has a generating capacity of 100 megawatts.
Meralco's generation charge drops for 4th straight month
Meralco customers will enjoy another reduction in their power bills following a drop in the generation charge this month.
Meralco strengthens energy efficiency advocacy
Meralco is further educating its customers on efficient and responsible electricity usage with the introduction of energy efficiency corner kiosks.
First Gen eyes Casecnan IPP project
First Gen Corporation intends to bid for the administration of the independent power producer contract package that includes the 140-megawatt Casecnan hydroelectric power plant in Pantabangan, Nueva Vizcaya.
Marubeni eyes renewable energy, IPP investments in RP
Marubeni Corporation plans to invest more in the Philippines through renewable energy projects and privatisation of assets.
Meralco power bills down again in June
Following a US$.0034 drop in the generation charge, from US$.0915 per kWh last May to US$.0881 per kWh this month, Meralco customers will experience a reduction in their power bills this June.
Wärtsilä gets O&M contracts from RP power plants
Wärtsilä has been awarded operations and maintenance contracts by two manufacturing companies in the Philippines. The two contracts were signed during the first quarter of this year.
Manila Electric power bills reduced in May
Meralco reduced its generation charge by US 0.0126 cents from US 0.1057 cents per kWh last April to US 0.0931 cents per kWh this month. This translates to cheaper electricity bills for Manila Electric Company or Meralco consumers this May.
Manual for Ambuklao and Binga plants approved
Napocor and its partners has placed its imprimatur on the manual of the Ambuklao and Binga power complex’s non-power components. The National Power Corporation, the Power Sector Assets & Liabilities Management Corporation, and SN Aboitiz Power-Benguet, Inc. has formally signed the documents approving the manual.
Meralco to implement performance-based rates
The Energy Regulatory Commission has approved Meralco's rate translation under Performance-Based Regulation.
Napocor gets Mother Nature Award
The Napocor was recognised for its efforts to conserve the natural ecological system in the areas where it operates.
PLDT to control 30% of Meralco
PLDT will acquire a 30 percent stake in Meralco to frustrate a perceived takeover attempt by San Miguel Corporation.
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