Big firms SM Group, Ayala save grid from red alerts

Manila Electric Co. said 72 business establishments enrolled under the Interruptible Load Program (ILP) enabled the continuous supply of electricity in its franchise area when the Luzon grid was placed on red alert recently.

ERC: We acted swiftly to resolve OMECO outages

The Energy Regulatory Commission (ERC) stressed it has acted timely to address the rotational power outages being experienced in the province of Occidental Mindoro and alleviate the plight of electricity consumers.

Taxing windfall profits: who, how and why?

While consumers lumber under hefty gas and electricity bills, energy companies are racking up billions in profits. This has prompted some European countries to impose windfall taxes to help offset the aid that governments are providing consumers to cope with inflation, and calls elsewhere to do the same.

Global electricity demand slowing sharply: IEA

Global demand for electricity is slowing sharply this year due to sluggish economic growth and runaway energy prices and the trend will likely continue next year, the International Energy Agency said Wednesday.

Power bills to go up in July

Electricity prices of Manila Electric Co. (Meralco) may go up anew this month due to the effects of the peso depreciation and the high prices at the spot market.

Luzon grid on yellow alert anew on thinning reserves

Grid operator National Grid Corp. of the Philippines has placed the Luzon grid on yellow alert for the second consecutive day. NGCP raised the yellow alert status for the Luzon grid from 1 PM to 4 PM on Tuesday, reflecting the low reserves of the grid. The grid’s net operating margin was only at 412 […]