Updates

February 20, 2025

Stay informed on 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 regulatory sector that are shaping the energy landscape: 𝐑𝐂𝐎𝐀 𝐌𝐢𝐥𝐞𝐬𝐭𝐨𝐧𝐞 𝐰𝐢𝐭𝐡 𝐅𝐢𝐫𝐬𝐭 𝐏𝐢𝐥𝐨𝐭 𝐒𝐰𝐢𝐭𝐜𝐡 𝐔𝐧𝐝𝐞𝐫 𝐑𝐞𝐭𝐚𝐢𝐥 𝐀𝐠𝐠𝐫𝐞𝐠𝐚𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐠𝐫𝐚𝐦 On February 7, 2025, Manila Water transitioned ten facilities (500 kW), mainly consisting of Sewage Treatment Plants (STP) located in various locations within MERALCO's franchise area to the contestable market under the expanded Retail Aggregation Program (RAP), advancing Retail Competition and Open Access (RCOA). READ MORE: https://www.facebook.com/ERCgovPH/photos/rcoa-milestone-with-first-pilot-switch-under-retail-aggregation-program09-februa/939842921626501/ 𝐃𝐎𝐄: 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲 𝐇𝐢𝐭𝐬 𝐑𝐞𝐜𝐨𝐫𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 In 2024, the Philippines achieved a record growth in renewable energy, adding 794.34 MW, which exceeded the total Renewable Energy capacity installed from 2021 to 2023. The net-metering program contributed 141 MW, while own-use RE projects added 252 MW since 2009. Energy Secretary Raphael Lotilla credited policy improvements and government commitment to clean energy. READ MORE: https://malaya.com.ph/business/corporate/renewable-energy-capacity-hits-record-growth-doe/ Image Source: Daily Inquirer Want to stay updated on the headlines in the Philippine power industry? Subscribe to our weekly newsletter today! Connect with our energy professionals by emailing us at info@mabuhayenergy.com. Mabuhay Energy, #YourPartnerForGrowth

February 19, 2025

Curious about what happened in the energy market this past week? Mabuhay Energy's Weekly Market Update has you covered! We've compiled the Luzon average electricity prices and demand per day, along with the power plant activities that occurred each day. We also include environmental factors that may affect our electricity prices and demand. The average market demand decreased slightly, while the average market price went up this past week following the effects of the Northeast Monsoon in the country, which brought scattered rainfall. The average electricity demand in the Luzon grid went down to as low as 7,860 MW, while the average market price went up to as high as Php 3.64 per kWh. Stay abreast of the happenings in the Philippine energy market by following us on social media! info.mabuhayenergy.com/Linkedin info.mabuhayenergy.com/Facebook Data source: https://www.iemop.ph/ Mabuhay Energy, #YourPartnerForGrowth

February 14, 2025

❤️ This Valentine’s Day, you can find your #LoveAtFirstLight with Mabuhay Energy Corporation!💡 We know that everyone is looking to connect or find that perfect match—whether it’s in love, partnerships, or business. And if your energy needs are on your mind, we have the perfect solution for you! ⚡ In the Philippines, contestable customers like you have the power to choose your ideal Retail Electricity Supplier (RES)—but with a wide range of licensed RES companies available in the country, finding ‘The Perfect One’ can be tricky! While we can’t help you find your soulmate, we can definitely tailor-fit the perfect power solutions for your business needs. What are you waiting for? Spark the perfect match with energy plans that are dependable, cost-efficient, and come with the most customizable pricing options with Mabuhay Energy Corporation (MECO)!💡 Mabuhay Energy, #YourPartnerForGrowth #ValentinesDay #MECOYourPerfectPartner #RetailElectricitySupplierPhilippines #ItsAMatch #LoveAtFirstLight

February 12, 2025

Stay informed on 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 regulatory sector that are shaping the energy landscape: Spotlight: 𝐃𝐎𝐄 𝐒𝐞𝐭 𝐭𝐨 𝐑𝐞𝐥𝐞𝐚𝐬𝐞 𝐓𝐞𝐫𝐦𝐬 𝐨𝐟 𝐑𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐟𝐨𝐫 𝟒𝐭𝐡 𝐆𝐫𝐞𝐞𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐀𝐮𝐜𝐭𝐢𝐨𝐧 (𝐆𝐄𝐀-𝟒) The Department of Energy (DOE) is preparing to release the Terms of Reference (TOR) for the fourth round of the Green Energy Auction (GEA-4) within this month. This round will, for the first time, feature Integrated Renewable Energy and Energy Storage Systems (IRESS), specifically focusing on solar power plants combined with Battery Energy Storage Systems (BESS). However, Liquefied Natural Gas (LNG) will not be included in the auction. READ MORE: https://business.inquirer.net/505383/doe-set-to-release-terms-of-reference-for-4th-green-energy-auction 𝐏𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐏𝐨𝐥𝐥𝐬: 𝐃𝐎𝐄’𝐬 𝐄𝐧𝐞𝐫𝐠𝐲 𝐓𝐚𝐬𝐤 𝐅𝐨𝐫𝐜𝐞 𝐨𝐧 𝐅𝐮𝐥𝐥 𝐀𝐥𝐞𝐫𝐭 The Department of Energy (DOE) has activated the Energy Task Force Election (ETFE) to ensure a stable power supply during the May 2025 elections. Power firms, NGCP, and utilities will prevent outages, suspend maintenance, and optimize grid operations. Special crews will secure power lines to polling stations, ensuring uninterrupted electricity. READ MORE: https://bilyonaryo.com/2025/02/06/powering-the-polls-does-energy-task-force-on-full-alert/power/ Image Source: Bilyonaryo News Mabuhay Energy, #YourPartnerForGrowth

February 11, 2025

Curious about what happened in the energy market this past week? Mabuhay Energy's Weekly Market Update has you covered! We've compiled the Luzon average electricity prices and demand per day, along with the power plant activities that occurred each day. We also include environmental factors that may affect our electricity prices and demand. The average market demand increased slightly while the average market price went down this past week. The lower derated capacity of power plants from the previous week led to lower prices in the market. The average electricity demand in the Luzon grid increased to 9,492 MW, while average electricity prices decreased to Php 1.24 per kWh. Stay abreast of the happenings in the Philippine energy market by following us on social media! info.mabuhayenergy.com/Linkedin info.mabuhayenergy.com/Facebook Data source: https://www.iemop.ph/ Mabuhay Energy, #YourPartnerForGrowth

February 4, 2025

Curious about what happened in the energy market this past week? Mabuhay Energy's Weekly Market Update has you covered! We've compiled the Luzon average electricity prices and demand per day, along with the power plant activities that occurred each day. We also include environmental factors that may affect our electricity prices and demand. The average market demand decreased slightly as the average market price went down this past week. The low average temperatures resulted in reduced electricity demand and prices in the market. The average electricity demand in the Luzon grid dropped from 9,048 MW to 8,293 MW, while average electricity prices went down to as low as Php 2.45 per kWh. Stay abreast of the happenings in the Philippine energy market by following us on social media! info.mabuhayenergy.com/Linkedin info.mabuhayenergy.com/Facebook Data source: https://www.iemop.ph/ Mabuhay Energy, #YourPartnerForGrowth

January 30, 2025

Stay informed on 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 regulatory sector that are shaping the energy landscape: Spotlight: 𝐄𝐑𝐂 𝐂𝐨𝐧𝐝𝐮𝐜𝐭𝐬 𝐏𝐮𝐛𝐥𝐢𝐜 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐀𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭𝐬 𝐭𝐨 𝐍𝐞𝐭-𝐌𝐞𝐭𝐞𝐫𝐢𝐧𝐠 𝐑𝐮𝐥𝐞𝐬 The Energy Regulatory Commission (ERC) held a public consultation on January 24, 2025, to gather stakeholder feedback on proposed amendments to ERC Resolution No. 6, Series of 2019, which governs the net-metering program for renewable energy. The discussion focused on refining the net-metering program to encourage renewable energy adoption and empower consumers in the transition to sustainable energy. READ MORE: https://www.erc.gov.ph/Events-Singular/116 𝐍𝐄𝐀 𝐋𝐨𝐚𝐧𝐬 𝐏𝟏.𝟖 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐨 𝟑𝟔 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐂𝐨𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐯𝐞𝐬 𝐢𝐧 𝟐𝟎𝟐𝟒 The National Electrification Administration (NEA) provided approximately Php 1.8 billion in state-funded loans to 36 electric cooperatives (ECs) nationwide to enhance energy services. Php 1.19 billion was allocated for capital expenditure (capex) projects across various provinces to upgrade infrastructure, while Php 607 million in working capital loans supported operational stability. READ MORE: https://bilyonaryo.com/2025/01/23/nea-loans-p1-8-billion-to-36-electric-operatives-in-2024/power/ Image Sources: ERC Official Website, Radyo Pilipinas Mabuhay Energy, #YourPartnerForGrowth

January 29, 2025

🎉 𝐊𝐮𝐧𝐠 𝐇𝐞𝐢 𝐅𝐚𝐭 𝐂𝐡𝐨𝐢! 🎉 As we celebrate this Chinese New Year, we send our heartfelt wishes for a year of progress, good fortune, and prosperity. May this year empower you and your loved ones with success, strength, joy, and opportunities! Mabuhay Energy, #YourPartnerForGrowth #ChineseNewYear2025 #YearOfTheSnake

January 28, 2025

𝐌𝐚𝐛𝐮𝐡𝐚𝐲 𝐖𝐚𝐭𝐭'𝐬 𝐆𝐨𝐨𝐝? Motorists can see a decrease of as much as P1.00 in the per-liter prices of petroleum products starting today, January 28, 2025. READ MORE: https://www.philstar.com/headlines/2025/01/25/2416695/fuel-price-rollback-seen-next-week Source: PhilStar Mabuhay Energy, #YourPartnerForGrowth #MabuhayWattsGood #FuelPriceUpdate

January 28, 2025

Curious about what happened in the energy market this past week? Mabuhay Energy's Weekly Market Update has you covered! We've compiled the Luzon average electricity prices and demand per day, along with the power plant activities that occurred each day. We also include environmental factors that may affect our electricity prices and demand. The average market demand and price increased slightly this past week. The higher derated capacity of power plants from the previous week led to higher prices in the market. The average electricity demand in the Luzon grid went up to as high as 9,665 MW, while average electricity prices increased to Php 4.95 per kWh. Stay abreast of the happenings in the Philippine energy market by following us on social media! info.mabuhayenergy.com/Linkedin info.mabuhayenergy.com/Facebook Data source: https://www.iemop.ph/ Mabuhay Energy, #YourPartnerForGrowth

January 24, 2025

Uncovering the Truth Behind the Generation Charge! ⚡ Ever wondered what makes up your monthly electricity bill? One key component is the Generation Charge, which covers the cost of producing electricity by the power generation companies for your energy usage requirements. This charge is a pass-through cost, meaning it's collected by your utility provider and sent directly to the suppliers. It’s essential to understand how this charge impacts your bill, as it plays a major role in your overall electricity cost. At Mabuhay Energy Corporation (MECO), we’re here to help you navigate your energy needs and take control of your electricity costs. Get in touch with us today, and let’s make your energy work for you! Mabuhay Energy, #YourPartnerForGrowth #BILLWAIS #GENERATIONCHARGE #RETAILELECTRICITYSUPPLIERPH

January 23, 2025

Stay informed on 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 regulatory sector that are shaping the energy landscape: Spotlight: 𝐄𝐑𝐂 𝐏𝐫𝐨𝐩𝐨𝐬𝐞𝐬 𝐕𝐨𝐥𝐮𝐧𝐭𝐚𝐫𝐲 𝐒𝐜𝐡𝐞𝐦𝐞 𝐟𝐨𝐫 𝐍𝐞𝐭 𝐌𝐞𝐭𝐞𝐫𝐢𝐧𝐠 The Energy Regulatory Commission (ERC) proposes making Renewable Energy Certificate (REC) meter installations voluntary. This is part of its proposed amendments to Resolution No. 6, Series of 2019, which governs the Net-Metering Program for renewable energy. READ MORE: https://www.bworldonline.com/economy/2025/01/12/646123/erc-proposes-voluntary-scheme-for-net-metering/ 𝐃𝐎𝐄: 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬 𝐭𝐨 𝐀𝐝𝐝 𝟕,𝟎𝟎𝟎 𝐌𝐖 𝐨𝐟 𝐏𝐨𝐰𝐞𝐫 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲 𝐢𝐧 𝟐𝟎𝟐𝟓 The Department of Energy (DOE) has recorded nearly 7,000 MW worth of power projects slated for completion in 2025. Luzon tops with 3,923 MW of renewable energy projects, mostly solar, plus 1,320 MW of natural gas and 500 MW of coal. Visayas follows with 855 MW, mainly solar, while Mindanao adds 232 MW from 176 renewable projects. READ MORE: https://mb.com.ph/2025/1/12/luzon-leads-in-2025-renewable-energy-projects Image Sources: Power Philippines, Daily Inquirer Want to stay updated on the headlines in the Philippine power industry? Subscribe to our weekly newsletter today! Connect with our energy professionals by emailing us at info@mabuhayenergy.com. Mabuhay Energy, #YourPartnerForGrowth

January 21, 2025

Mabuhay Energy's Weekly Market Update has you covered! We've compiled the Luzon average electricity prices and demand per day, along with the power plant activities that occurred each day. We also include environmental factors that may affect our electricity prices and demand. The average market demand increased slightly, while the average market price went down this past week. The low average temperatures and scattered rainfall brought by the Northeast Monsoon resulted in lower prices in the market. The average electricity demand in the Luzon grid went up to as high as 9,239 MW, while the average electricity prices decreased to Php 2.75 per kWh. Stay abreast of the happenings in the Philippine energy market by following us on social media! info.mabuhayenergy.com/Linkedin info.mabuhayenergy.com/Facebook Data source: https://www.iemop.ph/ Mabuhay Energy, #YourPartnerForGrowth

January 18, 2025

🎉 New Year, New Career Opportunities! 🎉 If you're excited about shaping the future of renewable and sustainable energy, while making a meaningful impact in the lives of Filipinos, we’ve got the perfect opportunity for you! 🚀 Mabuhay Energy Corporation is currently looking for the following positions: - Marketing Manager - Admin Manager - Data Analyst For qualified and interested candidates, please send your CV to careers@mabuhayenergy.com. Mabuhay Energy, #YourPartnerForGrowth #Hiring #MECOCareers #RenewableEnergy #Career #Opportunity #OpenJobs #MarketingManager #AdminManager #DataAnalyst

January 14, 2025

Curious about what happened in the energy market this past week? Mabuhay Energy's Weekly Market Update has you covered! We've compiled the Luzon average electricity prices and demand per day, along with the power plant activities that occurred each day. We also include environmental factors that may affect our electricity prices and demand. The average market demand and price increased slightly this past week. The higher derated capacity of power plants from the previous week led to higher prices in the market. The average electricity demand in the Luzon grid went up to as high as 9,152 MW, while average electricity prices increased to Php 4.18 per kWh. Stay abreast of the happenings in the Philippine energy market by following us on social media! info.mabuhayenergy.com/Linkedin info.mabuhayenergy.com/Facebook Data source: https://www.iemop.ph/ Mabuhay Energy, #YourPartnerForGrowth

January 13, 2025

Stay informed on 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 regulatory sector that are shaping the energy landscape: Spotlight: 𝐃𝐎𝐄 𝐃𝐞𝐟𝐞𝐧𝐝𝐬 𝐂𝐚𝐧𝐜𝐞𝐥𝐥𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝟏𝟎𝟓 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐬 The Department of Energy (DOE) defended its move to cancel 105 non-performing and delayed renewable energy service contracts amid concerns it would hurt investor sentiment. The DOE said majority of these contracts were awarded in 2017 and 2019, and the common reasons for project delays included failure to secure possessory rights or system impact studies (SIS), indicating an inability to connect to the grid. READ MORE: https://manilastandard.net/business/314544768/doe-defends-cancellation-of-105-re-service-contracts.html 𝐒𝐮𝐩𝐫𝐞𝐦𝐞 𝐂𝐨𝐮𝐫𝐭 𝐀𝐟𝐟𝐢𝐫𝐦𝐬 𝐄𝐑𝐂 𝐎𝐯𝐞𝐫𝐬𝐢𝐠𝐡𝐭 𝐨𝐧 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐢𝐭𝐲 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐒𝐮𝐩𝐩𝐥𝐲 The Supreme Court (SC) has upheld some provisions of the Electric Power Industry Reform Act (EPIRA), stating that electricity generation and supply are subject to the regulation of the Energy Regulatory Commission (ERC) despite not being public utility operations. READ MORE: https://www.gmanetwork.com/news/topstories/nation/932184/electricity-generation-supply-subject-to-erc-regulation-sc/story/ Image Sources: Business Inquirer, Supreme Court Official Website Want to stay updated on the headlines in the Philippine power industry? Subscribe to our weekly newsletter today! Connect with our energy professionals by emailing us at info@mabuhayenergy.com. Mabuhay Energy, #YourPartnerForGrowth

January 7, 2025

Curious about what happened in the energy market this past week? Mabuhay Energy's Weekly Market Update has you covered! We've compiled the Luzon average electricity prices and demand per day, along with the power plant activities that occurred each day. We also include environmental factors that may affect our electricity prices and demand. The average market demand remained relatively stable, while the average market price increased slightly this past week. The higher derated capacity of power plants from the previous week led to higher prices in the market. The average electricity demand in the Luzon grid went up to as high as 8,996 MW, while average electricity prices increased to Php 3.66 per kWh. Stay abreast of the happenings in the Philippine energy market by following us on social media! info.mabuhayenergy.com/Linkedin info.mabuhayenergy.com/Facebook Data source: https://www.iemop.ph/ Mabuhay Energy, #YourPartnerForGrowth

January 6, 2025

Stay informed on 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 regulatory sector that are shaping the energy landscape: Spotlight: 𝐆𝐫𝐞𝐞𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐀𝐮𝐜𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐠𝐫𝐚𝐦 𝟑 𝐑𝐞𝐦𝐚𝐢𝐧𝐬 𝐢𝐧 𝐋𝐢𝐦𝐛𝐨 The Energy Regulatory Commission (ERC) has moved back the issuance of the ceiling price for run-of-river (ROR) hydro, which will be included in the third round of the Green Energy Auction Program (GEAP). ERC Chairperson and CEO Monalisa Dimalanta said that the release of the pricing guideline has been postponed as the commission is currently addressing a policy matter with the Department of Energy (DOE). READ MORE: https://www.philstar.com/business/2024/12/27/2409989/gea-3-still-limbo 𝐄𝐑𝐂: 𝐍𝐨 𝐌𝐨𝐫𝐞 𝐃𝐞𝐥𝐚𝐲𝐬 𝐢𝐧 𝐌𝐞𝐫𝐚𝐥𝐜𝐨'𝐬 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐑𝐞𝐬𝐞𝐭 𝐏𝐫𝐨𝐜𝐞𝐬𝐬 The Energy Regulatory Commission (ERC) has adopted key amendments to its resolution governing the rate-setting process for privately owned electricity distributors ensuring the timely reset of rates, beginning with MERALCO. In a statement, the ERC Chairperson and Chief Executive Officer Monalisa C. Dimalanta said that the resolution represents a critical step in resolving regulatory gaps that have impacted rate-setting timelines. READ MORE: https://mb.com.ph/2024/12/30/meralco-reset-on-track-says-erc Image Source: Power Philippines Want to stay updated on the headlines in the Philippine power industry? Subscribe to our weekly newsletter today! Connect with our energy professionals by emailing us at info@mabuhayenergy.com. Mabuhay Energy, #YourPartnerForGrowth

December 31, 2024

As we welcome 2025, let us embrace new opportunities with hope, happiness, and the energy to fuel our collective growth. We wish you a year of success and prosperity from all of us here at Mabuhay Energy Corporation! Mabuhay Energy, #YourPartnerForGrowth #HappyNewYear

December 25, 2024

Our MECO family wishes you and your loved ones many special moments of joy and celebration this Christmas! 🎄🌟 Mabuhay Energy, #YourPartnerForGrowth #MerryChristmas #HappyHolidays

December 18, 2024

𝐌𝐚𝐛𝐮𝐡𝐚𝐲 𝐖𝐚𝐭𝐭’𝐬 𝐆𝐨𝐨𝐝? The National Grid Corporation of the Philippines (NGCP) has fully activated a P19.76 billion transmission project aimed at fortifying grid stability in Central Visayas. Initially energized in July, this project will also provide a significant boost to Cebu's transmission infrastructure, the region’s main load center, by introducing a new line to efficiently transmit power to and from the province. Read more: https://www.philstar.com/business/2024/11/27/2403125/ngcp-fully-energizes-p198-billion-cebu-bohol-interconnection Mabuhay Energy, #YourPartnerForGrowth #MECOGoodNews #PowerIndustry #RetailElectricitySupplierPhilippines

December 17, 2024

Curious about what happened in the energy market this past week? Mabuhay Energy's Weekly Market Update has you covered! We've compiled the Luzon average electricity prices and demand per day, along with the power plant activities that occurred each day. We also include environmental factors that may affect our electricity prices and demand. 𝐖𝐞𝐞𝐤𝐥𝐲 𝐑𝐮𝐧𝐝𝐨𝐰𝐧: The average market demand decreased slightly as the average market price went down this past week. The low average temperatures resulted in reduced electricity demand and prices in the market. The average electricity demand in the Luzon grid dropped from 9,852 MW to 9,265 MW, while average electricity prices went down to as low as Php 3.10 per kWh. Stay abreast of the happenings in the Philippine energy market by following us on social media! info.mabuhayenergy.com/Linkedin info.mabuhayenergy.com/Facebook Data source: https://www.iemop.ph/ Mabuhay Energy, #YourPartnerForGrowth

December 16, 2024

Stay informed on 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 regulatory sector that are shaping the energy landscape: Spotlight: 𝐅𝐮𝐥𝐥 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐟 𝐑𝐄 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐚𝐫𝐠𝐞𝐭𝐞𝐝 𝐟𝐨𝐫 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟐𝟔 The Department of Energy (DOE) announced that the Renewable Energy Market (REM) will begin full commercial operations on December 26. The REM includes mandatory and voluntary trading participants and generators. Established under Republic Act No. 9513 (Renewable Energy Act of 2008), the REM facilitates the trading of Renewable Energy Certificates (RECs), each representing 1 MWh of renewable energy, in compliance with the Renewable Portfolio Standards (RPS) Rules. READ MORE: https://www.bworldonline.com/economy/2024/12/10/640709/full-commercial-operations-of-re-market-targeted-for-dec-26/#google_vignette 𝐄𝐑𝐂 𝐀𝐩𝐩𝐫𝐨𝐯𝐞𝐬 𝐏𝟐.𝟔 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐂𝐚𝐩𝐚𝐬 𝐒𝐮𝐛𝐬𝐭𝐚𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 The Energy Regulatory Commission (ERC) has approved the National Grid Corporation of the Philippines’ (NGCP) P2.585 Billion Capas 230 kV substation project to connect New Clark City (NCC) to the grid. The project addresses anticipated load growth in Capas, benefiting NCC’s distribution utility, Shin Clark Power Corp., Tarlac Electric Cooperatives I and II (TARELCO I & II), and Tarlac Electric Inc. (TEI). READ MORE: https://mb.com.ph/2024/12/10/erc-approves-p2-6-billion-capas-substation-project Image Sources: BusinessWorld, PhilStar Want to stay updated on the headlines in the Philippine power industry? Subscribe to our weekly newsletter today! Connect with our energy professionals by emailing us at info@mabuhayenergy.com. Mabuhay Energy, #YourPartnerForGrowth #MECORegulatoryNews #PoweIndustryHighlights #RetailElectricitySupplier

December 13, 2024

Make this holiday season brighter and more energy-efficient by reducing your electricity consumption with our Christmas Thrifty Tips that will help you save money for your holiday celebrations.🎄💡 🌟 Use Energy-Efficient Appliances 🌟 Schedule Turning On & Off Christmas Parols Or Lights 🌟 Organize Your Fridge To Avoid High Energy Consumption 🌟 Avoid Octopus Connections Follow us on social media for more energy-saving tips! Mabuhay Energy, #YourPartnerForGrowth #HolidaySeason #MECOThriftyTips #EnergySavings