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Denied SMC-Meralco rate hike: End of an era for fixed-price PSAs?

Cheers and jeers had greeted the decision of the Energy Regulatory Commission (ERC) on the junked petition of the Manila Electric Company (Meralco) and the subsidiaries of the SMC Global Power Holdings Corporation of the San Miguel group for a P0.30 per kilowatt hour (kWh) rate hike on their power s

Meralco to seek DOE approval to bid add l 480MW – Manila Bulletin

Power utility giant Manila Electric Company (Meralco) will seek the approval of the Department of Energy (DOE) for the terms of reference (TOR) for the bidding of its planned additional 480-megawatt supply procurement. Meralco will conduct competitive selection process (CSP) for the new power su

DOE to consult public on RE Law s IRR changes – Manila Bulletin

The Department of Energy (DOE) will be scheduling public consultations on the proposed amendments to the implementing rules and regulations (IRR) of Republic Act 9513 or the Renewable Energy (RE) Law to finally open the sector to 100 percent foreign ownership. “Since the DOJ has issued opinion

Meralco announces power rate cut in October

SMC to run Ilijan plant by Feb 2023

The power generation arm of San Miguel Corporation (SMC) is targeting to resume the operation of the 1,200-megawatt Ilijan gas-fired power facility by February next year to help shore up supply in the Luzon grid within the summer months. According to SMC President and CEO Ramon S. Ang, the power p

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