Electricity

CHEAPER POWER: After filing a bill lowering royalties on indigenous sources of energy to reduce the retail cost of electricity, Senate President Juan Ponce Enrile now wants to grant tax exemption to distribution utilities to further cut power costs.

MANILA, Philippines – The Trade Union Congress of the Philippines (TUCP) warned the government yesterday that more workers are expected to lose their jobs due to higher cost of electricity.

MANILA, Philippines – Customers of Manila Electric Co. (Meralco) will pay an additional 54.55 centavos per kilowatt-hour (kWh) of electricity this month (April) due to higher generation charge brought about by the summer heat.

Cebu distributors seek similar increase   THE Philippines’ largest electricity distributor jacked up its rates in its franchise, blaming the increase on rising temperatures that have driven up power consumption.

Starting this month, electricity costs will go up nationwide as a result of government regulators having allowed the National Power Corp. to provisionally adjust its basic charges.

MANILA, Philippines – Electrification of the rural areas will be one of the priorities in the granting of loans by the World Bank, Senate Majority Leader Juan Miguel Zubiri said.

Electricity rates across the country are poised to go up after the Energy Regulatory Commission (ERC) approved a petition from state-owned National Power Corp. (Napocor) for an increase in its basic generation rates.

MANILA, Philippines — The Philippines badly needs to build 5,000 megawatts of new electric power plants between now and next year so as to avert crippling power outages when the economy is expected to recover.

National Grid Corp. of the Philippines will start operating the country’s transmission highway starting today after signing the final transaction agreements with Power Sector Assets and Liabilities Management Corp.

Energy Secretary Angelo Reyes has assured a stable supply of power to support a further expansion of the economy.