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Lower WESM price cap urged

INQUIRER FILE PHOTO

Consumer advocacy group Citizenwatch is seeking a lower secondary price cap at the Wholesale Electricity Spot Market (WESM) and make it permanent to shield consumers from high electricity rates amid the tight power supply situation and expected plant outages.

Posted: October 17th, 2014 in Latest Business Stories | Read More »

Power firms commit 5,418MW in new capacity

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The Department of Energy (DOE) is expecting 5,418.73 megawatts (MW) in additional power generation capacity from projects committed by the private sector in response to growing demand for electricity in the country.

Posted: October 10th, 2014 in Headlines | Read More »

Exports up 12.4% in July, but Neda warns power lack may slow growth

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Socio-economic Planning Secretary Arsenio M. Balisacan. INQUIRER FILE PHOTO

The country’s shipments abroad rose double-digits in July, growing second-fastest in the East and Southeast Asian regions after economic giant China, the Philippine Statistics Authority (PSA) reported Wednesday.

Posted: September 10th, 2014 in Latest Business Stories | Read More »

PSALM warned vs passing on class suit costs

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Bayan Muna party-list Representative Teddy Casiño. INQUIRER FILE PHOTO

An electricity consumer group has warned Power Sector Assets and Liabilities Management Corp. (PSALM) against passing on to consumers its cost for settling a class suit that requires the state firm to cough up over P60.24 billion.

Posted: September 5th, 2014 in Headlines,Latest Business Stories | Read More »

Fund loss threatens PSALM

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With a P60.24-billion settlement hanging over it, the Power Sector Assets and Liabilities Management (PSALM) Corp. may lose its capability to operate and prevent it from contracting backup power in 2015, when the energy crisis is expected to take a turn for the worse. Recently, the sheriff of the Regional Trial Court (RTC) of Quezon […]

Posted: August 25th, 2014 in Headlines | Read More »

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