Piki Lopez, MVP team up on achieving clean and renewable power

First Gen unit Energy Development Corp. signed an agreement for the supply of geothermal power to six PLDT facilities in Davao, which will commence once the Mindanao electricity spot market is operational.

The move is part of the PLDT Group’s continuing efforts to embed its sustainability initiatives in the business.

The PLDT Group is laying out a roadmap involving functional units across the organization, which will all work towards improvements that will ensure that the company does business responsibly.

It is fine-tuning its decarbonization roadmap, in coordination with concerned functional units, with 2022 and 2023 emissions reductions on track to exceed targets.

Smart is exploring the use of solar panels and batteries in running its cell sites in selected areas of the country to complement power sourced from the commercial grid and reduce the cell sites’ reliance on generators.

“Sustainability is no longer a “nice-to-have” but a “must-have”, and one of the five key pillars of PLDT’s strategy. We want to be a responsible corporate citizen. We have already laid out our plans for decarbonization which are closely linked to our business,” PLDT and Smart communications president and CEO Al Panlilio said.

ERC to look into complaints of overcharging by power firms

Numerous complaints on increasing electricity rates have prompted the Energy Regulatory Commission (ERC) to launch an investigation on the accuracy and reasonableness of the generation rates being passed on by distribution utilities (DUs) to its consumers.

Synergy Grid declares P1.37B cash dividends

Synergy Grid and Development Philippines of bilyonaryos Big Boy Sy and Robert Coyiuto is set to reward its shareholders with a cash dividend similar to the amount given the past two quarters.