MANILA Electric Co. (Meralco) has sought competitive offers for the supply of 200 megawatts (MW) of baseload supply starting in 2024. In a press release on Wednesday, Meralco said it has started the competitive selection process (CSP) to challenge Solar Philippines Batangas Baseload Corp. (SPBBC). SPBBC offered a P4.65 per kilowatt-hour (kWh) headline rate at […]
Meralco Seeking Bidders For 850 MW Renewable Energy Capacity – EQ Mag Pro
Meralco has opened an EOI seeking 850 MW worth of renewable energy supply Says Terra Solar has offered PHP 6.08 per kWh bid for 2.5 GW solar with 4.,000 MWh of storage Of the 850 MW tendered, 600 MW should start supplying clean electricity by February 26, 2026, and 250 MW by February 26, 2027 […]
Hike in Net Metering Rates to Raise Power Cost – Meralco
INCREASING the compensation of end users participating in the government’s net metering program must be thoroughly studied, as doing so will lead to higher power generation charges, Manila Electric Co. (Meralco) said. “Meralco will continue to actively support the net metering program, but we think proposals that will lead to higher power rates should be […]
Global Business Power to Build First Solar Plant in Rizal
Manny V. Pangilinan-led Global Business Power Corporation (GBP) has begun construction works on its first solar power plant. Located inside the Philippine Communications Satellite Corporation’s (PHILCOMSAT) 135-hectare property in Baras, Rizal, the 115 megawatt-peak (MWp) project of GBP subsidiary PH Renewables, Inc. (PHRI) is expected to commence commercial operations in 2022. The project also is […]
MERALCO RE arm eyeing more floating solar plants in Laguna Lake
MERALCO PowerGen Corporation (MGen), the power generating arm of the Manila Electric Company (MERALCO), plans to develop more floating solar plants in the Laguna De Bay. According to a report from The Philippine Star, MGen is still awaiting regulation from the Laguna Lake Development Authority (LLDA) regarding its proposed plan. The plan would be rolled […]
Think-tank urges stricter power auction rules
An infrastructure-oriented think-tank is urging the Department of Energy (DOE) to implement stricter rules in the competitive selection process (CSP) of power distribution utilities after three bidders, particularly Kingstone Energy, were disqualified from the Manila Electric Company’s (MERALCO) CSP bidding for 1,800 megawatts (MW) of power supply. “While the CSP has been proven as a […]
Nine companies offering 1,800-MW supply to Meralco
Nine power companies with combined offers of 5,850 megawatts participated in the competitive selection process for the supply of 1,800 MW to Manila Electric Co. over a 20-year period. “Nine submissions were received by the deadline, equivalent to 5,850 MW of capacity offered to supply the 1,800-MW requirement undergoing CSP,” Meralco vice president and head […]
Meralco, QPPL and expensive solar-wind
In the ongoing woke culture, demonizing fossil fuels and some big corporations while glorifying big government intervention are very common. The lobby against fossil fuels (oil, coal, gas) is based on a confused and irrational belief that fossil fuels, especially coal, cause less rain and more rain, less floods and more floods, less cold and […]
IEEFA report: Volts from the blue – floating solar to generate 900% more electricity across Asia-Pacific
From below 1MW before 2019, ASEAN nations now have over 51MW installed and 858MW planned Asia leads Europe in deploying floating solar, also known as floating photovoltaic (FPV), a new IEEFA report finds. Energy finance analysts Sara Jane Ahmed and Elrika Hamdi note that power demand in the Philippines and Malaysia has dropped by as […]
Meralco, Hitachi set up 2-MW battery-energy storage system
THE Manila Electric Co. (Meralco) and Japanese multinational conglomerate Hitachi Ltd. have put up a 2-megawatt (MW) battery-energy storage system (BESS) in Bulacan. “That’s a pilot. From a DU [distribution utility] perspective, we want to understand how battery-energy storage really works and how it will help the network,” said Meralco President Ray Espinosa. “We’re grateful […]
