Stay informed of the latest happenings and headlines in the Philippine Power Industry with Mabuhay Energy’s Weekly News Spotlight! This week, we're featuring key articles from the Power Industry’s Regulatory sector that are shaping the energy landscape: Spotlight: 𝐂𝐨𝐚𝐥-𝐟𝐢𝐫𝐞𝐝 𝐩𝐥𝐚𝐧𝐭𝐬 𝐜𝐚𝐧 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐏𝐇𝐋 𝐛𝐚𝐬𝐞𝐥𝐨𝐚𝐝 𝐧𝐞𝐞𝐝𝐬 𝐮𝐧𝐭𝐢𝐥 𝟐𝟎𝟑𝟎 — 𝐃𝐎𝐄 Energy Secretary Raphael P.M. Lotilla described as sufficient the baseload capacity of over 6,300 megawatts (MW) due to the relative newness of many coal-fired power plants. He said that more than 3,400 MW of dependable coal capacity is between 10 and 30 years old, allowing for at least a further 10 years of operations. In 2022, the DOE issued a moratorium on the development of new coal-fired power plants to reduce the Philippines’ dependence on coal. READ MORE: https://www.bworldonline.com/economy/2024/06/19/602999/coal-fired-plants-can-support-phl-baseload-needs-until-2030-doe/ 𝐖𝐄𝐒𝐌 𝐠𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐛𝐨𝐝𝐲 𝐞𝐥𝐞𝐜𝐭𝐬 𝐧𝐞𝐰 𝐛𝐨𝐚𝐫𝐝, 𝐨𝐟𝐟𝐢𝐜𝐞𝐫𝐬 The Philippine Electricity Market Corporation (PEMC), which serves as the governance body of the Wholesale Electricity Spot Market (WESM), has elected its new set of board of directors and officers that will help oversee the operations of the country’s power spot market. Renamed as president of PEMC, during their annual membership meeting, had lawyer Elvin Hayes Nidea; and re-elected as chairman is Noel Aboboto of TeaM Energy Philippines. Rounding up the roll of corporate officers at PEMC are Elenita Go of SMC Global Power Holdings Corp of the San Miguel group as treasurer; and Kate Aubrey Hojilla as corporate secretary. READ MORE: https://mb.com.ph/2024/6/22/wesm-governance-body-elects-new-board-officers Image sources: BusinessWorld Online, Power Philippines Do you want to stay abreast of the headlines in the Philippine Power Industry? Subscribe to our weekly newsletter today! Talk to our energy professionals by sending an email to info@mabuhayenergy.com. Mabuhay Energy, Your Partner For Growth. Our roster of enthusiastic and experienced energy professionals is ready to make your electricity savings a reality! Visit mabuhayenergy.com or email us at sales@mabuhayenergy.com and schedule your free consultation to begin your energy savings journey! 🔌