Brix Lelis

2 days ago | philstar.com | Brix Lelis

MANILA, Philippines — MORE Electric and Power Corp. of billionaire Enrique Razon Jr. has assured its customers of continued efforts to keep electricity rates down for Iloilo City. The Iloilo-based distribution utility said it recently earned recognition for offering the “most affordable” power rates not only in the province but also in the entire Western Visayas.

2 days ago | philstar.com | Brix Lelis

MANILA, Philippines — Ayala-led ACEN Corp. is seeing bright prospects with the commercial launch of its massive solar farm in Cagayan, further strengthening its foothold in Luzon. As the first renewable energy project in the province, the 133-megawatt Cagayan North Solar has been delivering clean power to the Luzon grid since last year.

2 days ago | philstar.com | Brix Lelis

MANILA, Philippines — Saudi Arabia’s ACWA Power is making a foray into the Philippine green energy market through a strategic partnership with tycoon Manuel V. Pangilinan’s Meralco PowerGen Corp. (MGen). The agreement between the two companies involves the exploration and development of renewable energy (RE) projects, particularly solar, in the Philippines and other countries in Southeast Asia.

2 days ago | philstar.com | Brix Lelis

MANILA, Philippines —  The $16-billion project designed to integrate power grids of ASEAN member states is set to take center stage next year as the Philippines assumes chairmanship of the regional bloc. “The ASEAN Power Grid initiative can serve as the backbone of a more resilient and efficient regional energy market,” Energy Undersecretary Rowena Cristina Guevara said at the 2025 Asia Clean Energy Forum organized by the Asian Development Bank (ADB).

3 days ago | philstar.com | Brix Lelis

MANILA, Philippines — The average price in the Wholesale Electricity Spot Market (WESM) dropped again in May as ample supply outweighed the surge in demand caused by extreme heat. System-wide WESM rates declined by 11.2 percent to P4.01 per kilowatt-hour from P4.52 per kWh on a monthly basis, according to the Independent Electricity Market Operator of the Philippines. IEMOP corporate planning and communications manager Arjon Valencia yesterday said the decline was due to a higher supply margin.