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Noceco power rate drops by over P3

Meralco: 4 power firms keen on supply deal

The Manila Electric Co. (Meralco) has received firm interest from four power firms to join the competitive bidding to supply the utility firm 70 megawatts (MW) from January 2022 to January 2037. Panay Energy Development Corp. (PEDC), Quezon Power Philippines Ltd., Sem-Calaca Power Corp., and Therma Luzon Inc. participated in…

Enough power on first day of Malampaya shutdown

THE Independent Electricity Market Operator of the Philippines (IEMOP) had imposed the secondary price cap last week but clarified that the spike in spot market prices had nothing to do with the shutdown of the Malampaya gas facility starting Saturday. According to IEMOP Chief Operating Officer Robinson Descanzo, the P6.245…

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