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New scheme to address power shortfall in ’15

FILE PHOTO

The Department of Energy does not need to tap the emergency powers provided under the Electric Power Industry Reform Act (Epira) as the government could readily address the expected 400-megawatt power supply shortfall in Luzon next year through the Interruptible Load Program (ILP).

Posted: August 21st, 2014 in Headlines,Latest Business Stories | Read More »

Aquino didn’t address power crisis, inflation in Sona, says stock analyst

By
President Benigno S. Aquino III. INQUIRER PHOTO / GRIG C. MONTEGRANDE

A top stock market analyst said President Benigno Aquino III’s State of the Nation Address mentioned socio-economic and political gains but offered nothing substantial on what the government would do to prevent the looming power supply crisis and solve problems leading to inflation.

Posted: July 28th, 2014 in Latest Business Stories | Read More »

Sona left many important issues in business hanging, say traders

By
Philippine President Benigno Aquino III gestures as he delivers his 5th State of the Nation Address during the joint session of the 16th Congress at the House of Representatives in suburban Quezon city, north of Manila, Philippines, Monday July 28, 2014. (AP Photo/Aaron Favila)

President Benigno Aquino III’s fifth State of the Nation Address (Sona) drew mixed reactions from the business community on Monday, as some of the country’s chief executives saw it more as a review of the past, than a preview of his concrete plans for the future.

Posted: July 28th, 2014 in Latest Business Stories | Read More »

Special zones for power plants pushed

By
Sergio-Osmena

To deal with a potential power crisis, President Aquino should be given the power to set up special zones for power plants, and not emergency powers, Sen. Sergio Osmeña III has said.

Posted: July 23rd, 2014 in Latest Business Stories | Read More »

Meralco rates inch up in July, break 2-month drop

By
AFP FILE PHOTO

Electricity rates will go up by around P0.03 per kilowatt-hour (kWh) in July for the average customer of the Manila Electric Co. (Meralco), according to the power distribution firm.

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

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