Updates

October 23, 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 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 10,454 MW, while average electricity prices went to as high as Php 5.11 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

October 17, 2024

The significance of energy conservation has become paramount in fostering a sustainable future. By embracing smart energy-saving habits, we can drive change in our communities and transform lives. Conserving energy is not merely about reducing costs; it involves recognizing the profound impact our choices have on the environment and society as a whole. Every action we take contributes to a collective impact, encouraging others to explore sustainable practices and adopt a more responsible lifestyle. Here at Mabuhay Energy, we highlight the importance of energy conservation and its significant benefits. By making energy-saving choices, we enhance our quality of life, safeguard our valuable resources, and foster a healthier environment for future generations. When we all do our part to conserve energy, we can lower our electricity prices and generate more savings on our energy bills. Together, we can champion a greener, more sustainable future! Mabuhay Energy, #YourPartnerForGrowth #MECO #ConservingEnergy #EmpoweringSociety #GreenerFuture

October 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 and rainfall brought by the Southwest Monsoon resulted in lower electricity demand and prices in the market. The average electricity demand in the Luzon grid went down to as low as 9,066 MW while average electricity prices went to as low as Php 2.74 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

October 15, 2024

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: 𝐃𝐎𝐄, 𝐃𝐄𝐍𝐑 𝐭𝐞𝐚𝐦 𝐮𝐩 𝐭𝐨 𝐮𝐧𝐥𝐞𝐚𝐬𝐡 𝐨𝐟𝐟𝐬𝐡𝐨𝐫𝐞 𝐰𝐢𝐧𝐝 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 The Department of Energy (DOE) and the Department of Environment and Natural Resources (DENR) signed a memorandum of agreement (MOA), which grants rights to use offshore areas covered by offshore wind energy service contracts. Within 30 days of signing the MOA, the DOE will furnish the DENR with a list of identified offshore wind projects. This list will be regularly updated in collaboration with the DENR to account for new offshore wind energy service contracts and development initiatives. READ MORE: https://bilyonaryo.com/2024/10/06/accelerating-clean-energy-doe-denr-team-up-to-unleash-offshore-wind-potential/power/ 𝐏𝐇, 𝐊𝐨𝐫𝐞𝐚 𝐬𝐢𝐠𝐧 𝐌𝐎𝐔 𝐟𝐨𝐫 𝐁𝐍𝐏𝐏 𝐫𝐞𝐡𝐚𝐛𝐢𝐥𝐢𝐭𝐚𝐭𝐢𝐨𝐧 𝐬𝐭𝐮𝐝𝐲 The Department of Energy (DOE) on Monday said that it had signed a memorandum of understanding (MOU) for Korea Hydro & Nuclear Power Co. Ltd. (KHNP) to conduct a comprehensive technical and economic feasibility study on the possible rehabilitation of the Bataan Nuclear Power Plant (BNPP). The DOE said the MOU was designed to generate critical information to guide the Philippine government's decision-making, not only on the BNPP, but also in exploring other nuclear technologies and potential alternative sites for nuclear energy development. The Philippine President Ferdinand Marcos Jr. and South Korean President Yoon Suk Yeol witnessed the signing in Malacañang. READ MORE: https://www.manilatimes.net/2024/10/08/business/top-business/ph-korea-sign-mou-for-bnpp-rehab-study/1980476 Image Source: Bilyonaryo News, PTV News 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, #YourPartnerForGrowth

October 12, 2024

If you’re passionate about driving change and making a direct impact on the lives of Filipinos, and also enthusiastic about learning from mentors who will propel your career forward — this is your sign to connect with us! We are excited to announce the Internship Program of Mabuhay Energy Corporation! This is your chance to gain hands-on experience, contribute to a sustainable future, and be a part of our innovative journey. Visit our page at mabuhayenergy.com/careers to apply today or send your CV to careers@mabuhayenergy.com with the subject line of the internship position you’d like to apply for. Mabuhay Energy, #YourPartnerForGrowth #Hiring #MECOCareers #RenewableEnergy #InternshipProgram #Opportunity

October 9, 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 and price increased slightly this past week. The higher derated capacity of power plants led to higher prices in the market. Average electricity demand in the Luzon grid reached as high as 10,729 MW, while average electricity prices went to as high as Php 5.07 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

October 7, 2024

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: 𝐄𝐑𝐂 𝐚𝐩𝐩𝐫𝐨𝐯𝐞𝐬 𝟓𝟎𝟎 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐂𝐎𝐂 𝐚𝐧𝐝 𝐏𝐀 Energy Regulatory Commission (ERC) has handed down decisions on 500 pending applications for certificate of compliance (COC) and provisional authority (PA) involving contracts with generation facilities. ERC OIC Chairperson Jesse Hermogenes Andres approved 414 COCs and 101 PAOs in his first commission meeting, aiming to enhance generation capacities and improve electricity reliability and supply. READ MORE: https://malaya.com.ph/erc-okays-500-applications/ 𝐇𝐨𝐮𝐬𝐞 𝐩𝐫𝐨𝐛𝐞 𝐩𝐮𝐬𝐡𝐞𝐝 𝐨𝐧 𝐄𝐑𝐂’𝐬 𝐝𝐞𝐥𝐚𝐲𝐞𝐝 𝐫𝐚𝐭𝐞 𝐫𝐞𝐬𝐞𝐭 𝐟𝐨𝐫 𝐃𝐔𝐬, 𝐍𝐆𝐂𝐏 During plenary deliberation on the energy agencies’ budget, Congressman John Clement “JC” Abalos of 4Ps Partylist, proposed “an independent investigation on the course of the delays in the conduct of the regulatory rate reset processes for both the distribution transmission sectors.” He emphasized that the probe must not only cover the current leadership of the Energy Regulatory Commission (ERC), but even in the past administration given that the last reset process had been roughly a decade ago for various DUs and also for NGCP. READ MORE: https://mb.com.ph/2024/9/30/house-probe-pushed-on-erc-s-delayed-rate-reset-for-d-us-ngcp Image Source: Malaya, PhilStar 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, #YourPartnerForGrowth

October 2, 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 and price increased slightly this past week. The higher derated capacity of power plants and easterly winds that brought clear and humid weather to the region the previous week led to higher prices and demand in the market. The average electricity demand in the Luzon grid went up to as high as 10,778 MW while average electricity prices went to as high as Php 5.15 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

September 30, 2024

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: 𝐄𝐑𝐂 𝐭𝐨 𝐡𝐨𝐥𝐝 𝐟𝐢𝐫𝐬𝐭 𝐜𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐦𝐞𝐞𝐭𝐢𝐧𝐠 𝐮𝐧𝐝𝐞𝐫 𝐎𝐈𝐂’𝐬 𝐬𝐮𝐩𝐞𝐫𝐯𝐢𝐬𝐢𝐨𝐧 The Gordian knot of the power sector’s regulatory affairs will be eased as the Energy Regulatory Commission (ERC) is already scheduled to resume its formal Commission meeting this Monday (September 30), which will be the first under the supervision of Officer-in-Charge Chairperson and CEO Jesse Hermogenes T. Andres. According to a reliable source, “there are already cases that we will tackle during the Commission meeting,” adding that the Commissioners are keen on substantially reducing the roughly 3,000 backlog of pending cases at the ERC. READ MORE: https://mb.com.ph/2024/9/28/erc-to-hold-first-commission-meeting-on-monday-under-oic-s-supervision 𝐃𝐎𝐄, 𝐏𝐏𝐀 𝐬𝐢𝐠𝐧𝐚𝐥 𝐬𝐭𝐫𝐨𝐧𝐠 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐨𝐟𝐟𝐬𝐡𝐨𝐫𝐞 𝐰𝐢𝐧𝐝 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬 The Department of Energy (DOE) and the Philippine Ports Authority (PPA) jointly announced the repurposing of three strategic ports to support the country’s growing offshore wind industry. This commitment strongly signals to the international offshore wind industry that the administration of President Ferdinand Marcos Jr. is dedicated to harnessing the Philippines’ abundant offshore wind resource to enhance energy resilience and drive economic development. READ MORE: https://www.philstar.com/business/science-and-environment/2024/09/26/2387849/doe-ppa-commitment-signals-strong-support-offshore-wind-industry-philippines Image Source: PhilStar, ERC Facebook 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, #YourPartnerForGrowth

September 28, 2024

Mabuhay Energy Corporation (MECO) proudly expressed its keen support for the Philippines' real estate industry by joining the Association of Building Managers of Ortigas Center Inc. (ABMOCI) as a regular member and endorsing their 33rd Anniversary and Building Management Week Celebration held at the Marco Polo Hotel in Ortigas Center, Pasig City, on September 20. With the theme of "Dynamics of Building Sustainability," this premier gathering for the building managers and industry experts at ABMOCI aimed to elevate professional expertise by championing sustainable and ideal practices in building administration and real estate development. At this event, MECO affirmed its commitment to providing environmentally sustainable and tailor-fitted electricity cost saving solutions to all contestable customers in the Philippines, particularly in the real estate industry. We, at MECO, aim to continue actively engaging with different industries and sectors in the Philippines to establish meaningful partnerships with Filipinos to work towards building a more sustainable future for the country. Mabuhay Energy, #YourPartnerForGrowth 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! 🔌

September 27, 2024

Mabuhay Energy Corporation (MECO) Chief Operating Officer Jacqueline Castillo was among the distinguished keynote speakers at the panel discussion titled: “Future of Energy Auctions” held at the 3rd Clean Energy Philippines Conference and Exhibition last September 5, 2024, at the EDSA Shangri-La, Manila. With the theme: “Illuminating the Path To Sustainable Tomorrow," this conference and expo successfully brought together industry leaders and key experts to explore the latest trends and innovations in renewable energy. It was at the panel session that Jacqueline underscored the importance of using a holistic approach to developing sustainable power. This is where renewable energy developers prioritize balancing economic growth, responsible land resource use, and food security in their plans to establish power producing assets. In the Philippines’ transition to clean energy, all power industry stakeholders must work together to ensure long-term economic sustainability for the Filipino people. In the photo from the left: Head of Project Development Karlo Edesson Abril (SunAsia Energy, Inc.); Vice President and General Manager Robert Marlon Pereja (EEI Power Corporation); Country Manager Rachel Anne Santiag-Sacro (CLIME Capital); Chief Operating Officer and Head of Sales, Marketing and Regulatory Jacqueline Castillo REE, RME, MBA (Mabuhay Energy Corporation); Chairman & CEO Ernesto Salas (ELSAL Ventures OPC); Head of Utility SEA Milan Koev (AIKO Solar) Mabuhay Energy, #YourPartnerForGrowth

September 26, 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 and price went down slightly this past week. The low average temperatures and rainfall brought by the Southwest Monsoon and Tropical Depression “Gener” resulted in lower electricity demand and prices in the market. The average electricity demand in the Luzon grid went down to as low as 9,264 MW while average electricity prices went to as low as Php 2.91 per kWh. The Grid was on "BLUE ALERT" due to Tropical Depression "GENER” last September 16, which was forecast to move generally west to west southwest until Wednesday afternoon, September 18 before turning west northwestward to northwestward for the remainder of the forecast period. It was expected to make landfall on either Isabela or Aurora within the next 24 hours. 𝐇𝐞𝐫𝐞'𝐬 𝐭𝐡𝐞 𝐝𝐚𝐲-𝐭𝐨-𝐝𝐚𝐲 𝐛𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧: Sept 13: Friday - Weather Update: Southwest Monsoon affecting Southern Luzon, Visayas, and Mindanao. Trough of Severe Tropical Storm (BEBINCA) affecting the rest of Luzon. Pagbilao 3 shutdown (Unplanned Outage). EERI Unit 3 online (Ongoing Testing and Commissioning). San Gabriel online (Reserve Shutdown). ALD occurred at Meralco and NGCP at 2112h were due to tripping of llijan A and B with 662MW. Affected ALD feeders of MERALCO and NGCP restored at 2122H and 2125H, respectively. Weather Disturbance Alert Notice (WDAN) was issued today. Tropical Storm "BEBINCA" has entered the PAR & was named "FERDIE.” Sept 14: Saturday - Weather Update: Weather Disturbance Alert Notice (WDAN) for Tropical Storm FERDIE has been lifted today, and now outside the Philippine Area of Responsibility (PAR). The center of Tropical Storm FERDIE was estimated based on all available data at 1215 km East Northeast of extreme Northern Luzon (OUTSIDE PAR). lijan GT 1-2 online (Unplanned Outage). SCPC 3 shutdown (Planned Outage). llijan A ST-1 online (Unplanned Outage). llijan GT1-1 online (Unplanned Outage). SLPGC Unit 1 (94MW) tripped (Unplanned Outage). llijan GT2-1 online (Unplanned Outage). Ilijan ST2 online (Unplanned Outage). Ilijan GT2-2 online (Unplanned Outage). EERI 3 online (On Commissioning Test). Sta Rita 20 online (Planned Outage). Sta Rita 20 shutdown (Unplanned Outage). Masinloc 3 with 106MW load tripped (Unplanned Outage). Sept 15: Sunday - Weather Update: Southwest Monsoon affecting Southern Luzon, Visayas, and Mindanao. San Gabriel shutdown (Reserve Shutdown). Masinloc 3 online (Unplanned Outage). EERI 3 shutdown (On commissioning). Sept 16: Monday - Weather Update: Southwest Monsoon affecting Southern Luzon, Visayas, and Mindanao. Sta Rita 20 online (Unplanned Outage). The LPA inside PAR East of Aurora has developed into Tropical Depression "GENER". GNPD Unit 2 shutdown (Unplanned Outage). Pagbilao Unit 3 online (Unplanned Outage). Sta. Rita Module 20 shutdown (Extended Outage). Sept 17: Tuesday - Weather Update: Southwest Monsoon affecting Southern Luzon, Visayas, and Mindanao. SCPC 4 shutdown (Emergency Shutdown). EERI 3 shutdown (On commissioning). Calaca 2 tripped with 203MW load (Unplanned Outage). EERI 3 online (On commissioning). SCPC 4 online (Unplanned Outage). Sept 18: Wednesday - Weather Update: The Weather Disturbance Alert Notice (WDAN) for Tropical Depression GENER has been lifted today, September 18, 2024, at 0300H. The center was estimated based on all available data at 405 kms west of Bacnotan, La Union (17.2 N, 116.6 E). Sta. Rita 30 shutdown (Planned Outage). San Gabriel online (On Commissioning). Sta. Rita 20 online (On Commissioning). San Gabriel online (Reserve Shutdown). Calaca 2 online (Unplanned Outage). EERI Unit 3 tripped (On Commissioning). Sta. Rita Module 20 shutdown (On Commissioning). The Weather Disturbance Alert Notice (WDAN) for Tropical Storm HELEN has been lifted today. TS HELEN is now outside the Philippine Area of Responsibility. The center of the eye was estimated based on all available data at 915 km Northeast of Extreme Northern Luzon. Sept 19: Thursday - Weather Update: Southwest Monsoon affecting Luzon and Visayas. San Gabriel shutdown (Unplanned Outage). Calaca 2 tripped (with 200MW) (Unplanned Outage). Sta Rita 20 online (Unplanned Outage). 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

September 24, 2024

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: 𝐏𝐁𝐁𝐌 𝐧𝐚𝐦𝐞𝐬 𝐧𝐞𝐰 𝐄𝐑𝐂 𝐎𝐟𝐟𝐢𝐜𝐞𝐫-𝐈𝐧-𝐂𝐡𝐚𝐫𝐠𝐞 President Ferdinand “Bongbong” R. Marcos Jr. has designated Jesse Hermogenes Andres as officer-in-charge chairperson and chief executive officer of the Energy Regulatory Commission (ERC). This was announced by the Presidential Communications Office through a memorandum dated September 20. The designation is “effective immediately, until a replacement is designated or until otherwise directed by this office.” READ MORE: https://newsinfo.inquirer.net/1985547/pco-on-erc-officercharge-chairperson-ceo 𝐃𝐎𝐄 𝐭𝐨 𝐡𝐞𝐥𝐩 𝐞𝐧𝐞𝐫𝐠𝐲 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐰𝐢𝐭𝐡 𝐍𝐆𝐀, 𝐋𝐆𝐔 𝐩𝐞𝐫𝐦𝐢𝐭𝐬 𝐚𝐧𝐝 𝐢𝐬𝐬𝐮𝐞𝐬 In a statement to the media, Energy Secretary Raphael P.M. Lotilla conveyed that “the DOE is committed to work with the private sector and our partners in the national government agencies (NGA), and local government units (LGUs) to ensure that these approved investments will ripen into beneficial and tangible energy infrastructure for our people.” The DOE further vouched that “the government has simplified the application process for renewable energy development and duty-free importation incentives;” while also citing the creation of “new opportunities for new investments within existing contract areas, allowing them to apply for additional renewable energy contracts.” READ MORE: https://mb.com.ph/2024/9/18/doe-to-help-energy-investors-with-nga-lgu-permits-and-issues 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, #YourPartnerForGrowth

September 19, 2024

Unlock electricity cost savings with one of the fastest growing Retail Electricity Suppliers (RES) in the Philippines, Mabuhay Energy Corporation! 💡 Thanks to the EPIRA Law, contestable customers have the power to choose their electricity supplier. This has unlocked your ability for Philippine electricity customers to save on monthly electricity bills! RES companies like MECO can offer you unique pricing schemes with potentially lower generation costs! Schedule a free consultation with our energy professionals and start your electricity savings journey with Mabuhay Energy today! Mabuhay Energy, #YourPartnerForGrowth

September 18, 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 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 went up to as high as 10,463 MW while average electricity prices went to as low as Php 2.95 per kWh. 𝐇𝐞𝐫𝐞'𝐬 𝐭𝐡𝐞 𝐝𝐚𝐲-𝐭𝐨-𝐝𝐚𝐲 𝐛𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧: Sept 6: Friday - Weather Update: Trough of Super Typhoon YAGI formerly "ENTENG" affecting Extreme Northern Luzon. Southwest Monsoon affecting the rest of Luzon. Sept 7: Saturday - Weather Update: Southwest Monsoon affecting Luzon. SCPC Unit 1 (150MW) tripped (Unplanned Outage). Pagbilao 1 online (Planned Outage). SCPC 1 online (Unplanned Outage). Pagbilao 1 emergency shutdown (Unplanned Outage). Pagbilao 1 online (Unplanned Outage). EERI 1 online (On Commissioning Test). Pagbilao Unit 1 shutdown (Planned Outage). Sept 8: Sunday - Weather Update: Southwest Monsoon affecting Luzon. Pagbilao Unit 1 online (Planned Outage/Ongoing Testing). Pagbilao 1 emergency shutdown (Unplanned Outage). Sept 9: Monday - Weather Update: Southwest Monsoon affecting Luzon. EERI Unit 1 online (On-going test and commissioning). Pagbilao Unit 1 online (Planned Outage/On-going Testing). Sept 10: Tuesday - Weather Update: Southwest Monsoon affecting Luzon. SLPGC Unit 1 online (Planned Outage). Sept 11: Wednesday - Weather Update: Trough of Tropical Storm (BEBINCA) affecting the eastern section of the country. Southwest Monsoon affecting the rest of the country. NOTE: The Tropical Storm (BEBINCA) was outside the Philippine Area of Responsibility. SLPGC 1 shutdown (Unplanned Outage). SLPGC 1 online (Unplanned Outage). Sept 12: Thursday - Weather Update: Trough of Severe Tropical Storm (BEBINCA) affecting the eastern sections of Luzon and Visayas. The Southwest Monsoon affecting Mindanao, and the rest of Southern Luzon and Visayas. NOTE: The Severe Tropical Storm (BEBINCA) was outside the Philippine Area of Responsibility. 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

September 17, 2024

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: 𝐄𝐧𝐞𝐫𝐠𝐲 𝐬𝐞𝐜𝐭𝐨𝐫 ‘𝐨𝐮𝐭𝐬𝐢𝐝𝐞𝐫’ 𝐦𝐮𝐥𝐥𝐞𝐝 𝐚𝐬 𝐄𝐑𝐂 𝐨𝐟𝐟𝐢𝐜𝐞𝐫-𝐢𝐧-𝐜𝐡𝐚𝐫𝐠𝐞 A veteran lawyer who is considered an ‘energy sector outsider’ is reportedly being eyed as prospective officer-in-charge (OIC) at the Energy Regulatory Commission (ERC) while current Chairperson Monalisa C. Dimalanta is on six-month suspension as ordered by the Office of the Ombudsman. The prospective ERC OIC will be confronted with voluminous work during that six-month stint at the Commission with more than 2,600 applications and petitions for power supply agreements (PSAs), capital expenditure (capex) projects, rate adjustments as well as other rules enforcement being awaited by industry players for resolution. READ MORE: https://mb.com.ph/2024/9/12/energy-sector-outsider-mulled-as-erc-officer-in-charge 𝐍𝐆𝐂𝐏 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐬 𝐡𝐢𝐠𝐡𝐞𝐫 𝐭𝐫𝐚𝐧𝐬𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐜𝐡𝐚𝐫𝐠𝐞𝐬 𝐟𝐨𝐫 𝐒𝐞𝐩𝐭 The National Grid Corp. of the Philippines (NGCP) has clarified that transmission rates have increased this month due to higher ancillary service (AS) charges following the resumption of commercial operations of the power reserve market last month. For the August supply period, AS rates increased by 125.92 percent to Php0.6127 per kilowatt-hour from the preceding month’s Php0.2712 per kWh. READ MORE: https://www.philstar.com/headlines/2024/09/13/2384892/ngcp-clarifies-higher-transmission-charges-sept 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, #YourPartnerForGrowth

September 14, 2024

If you’re passionate about driving change and making a direct impact on the lives of Filipinos, and also enthusiastic about learning from mentors who will propel your career forward — this is your sign to connect with us! Mabuhay Energy Corporation is currently looking for a dynamic Sales Executive to join our team and contribute to the growth of our business. Calling on those interested to learn more about the renewable and sustainable energy industry and those who want to work with a team of experts, we want to hear from you! For qualified and interested candidates, please send your CV to careers@mabuhayenergy.com. Mabuhay Energy, #YourPartnerForGrowth #Hiring #MECOCareers #RenewableEnergy #SalesExecutive #Career #Opportunity #OpenJobs

September 13, 2024

🌟 We want to hear from you! 🌟 Your opinion matters, and we're excited to get your thoughts on today's Power Poll about the most energy-efficient and reliable inverter appliances. 💡 Let's spark a conversation, share your thoughts with us in the comments below. #MECOPowerPolls #LetsTalkEnergy 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! 🔌

September 12, 2024

Energy Regulatory Commission (ERC) Chairperson Hon. Monalisa Dimalanta, one of the guest speakers at the 2024 Market Participants Townhall and Electricity Market Exchanges (MPT - EMX 2024), highlighted the significant cost savings of customers of the retail electricity market, with total savings of Php 46 billion just last 2023. At this event, Dimalanta also highlighted the release of the Omnibus Rules for Customer Choice Program which strengthened the licensing of Retail Electricity Suppliers (RES) and Magna Carta for retail consumers. Mabuhay Energy Corporation (MECO) engaged with its fellow market participants at the MPT - EMX 2024 as it was the ideal opportunity for key industry players in the energy sector to exchange ideas, address challenges, learn about the latest regulatory initiatives, and shape the future of the electricity market. At MECO, we remain committed to delivering competitively priced and reliable power solutions for all our partners. Our focus on meeting the diverse energy needs of the Filipino contestable market drives our team to continuously innovate and adapt to the changing landscape of the Philippine energy industry. The MPT - EMX 2024 was organized by the Philippine Electricity Market Corporation (PEMC) and it was held at the Wack Wack Golf & Country Club, Mandaluyong City last September 4, 2024. Mabuhay Energy, #YourPartnerForGrowth 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! 🔌

September 11, 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 and price decreased slightly this past week. The Southwest Monsoon & Tropical Storm “ENTENG” brought scattered heavy rainfall and lower temperatures to the region. The average electricity demand in the Luzon grid went down to as low as 8,711 MW while average electricity prices went to as low as Php 2.37 per kWh. The Luzon Grid was on "BLUE ALERT" due to Tropical Depression "Enteng" last September 1, and it was forecasted to move generally Northwestward on September 2, early morning, and make landfall in the vicinity of Catanduanes or Albay in 12 hours. 𝐇𝐞𝐫𝐞'𝐬 𝐭𝐡𝐞 𝐝𝐚𝐲-𝐭𝐨-𝐝𝐚𝐲 𝐛𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧: Aug 30: Friday - Weather Update: Southwest Monsoon affecting the western sections of Luzon and Visayas. Aug 31: Saturday - Weather Update: The Low-Pressure Area (LPA) was estimated based on all available data at 695 km East of Butuan City, Agusan del Norte (8.5 N, 131.8 E). Southwest Monsoon affecting the western sections of Southern Luzon and Visayas. QPPL shutdown (Unplanned Outage). Sep 1: Sunday - Weather Update: The Low-Pressure Area (LPA) was estimated based on all available data at 175 km East Northeast of Guiuan, Eastern Samar, or 205 km East of Borongan City, Eastern Samar (11.5 N, 127.3 E). Southwest Monsoon affecting the western sections of Southern Luzon, Visayas, and Mindanao. Sta. Rita Module 30 shutdown (Maintenance Outage). SLTEC 1 online (Planned Outage). EERI 1 online (On commissioning). Sta. Rita Module 30 online (Unplanned Outage). EERI 1 shutdown (On commissioning). The Luzon Grid was on "BLUE ALERT" due to Tropical Depression "Enteng" and it was forecasted to move generally Northwestward on September 2, early morning, and make landfall in the vicinity of Catanduanes or Albay in 12 hours. Sep 2: Monday - Weather Update: The center of Tropical Storm "ENTENG" was estimated based on all available data over the coastal waters of Vinzons, Camarines Norte (14.6N, 123.3E) with maximum sustained wind of 75 km/h near the center and gustiness of up to 90 km/h. It was moving West Northwestward at 10 km/h. Southwest Monsoon affecting the western sections of Southern Luzon and Visayas. QPPL online (Unplanned Outage). Sep 3: Tuesday - Weather Update: The center of Tropical Storm ENTENG was estimated based on all available data in the vicinity of Batac City, Ilocos Norte (18.1 N, 120.6 E) with maximum sustained winds of 75 km/h near the center and gustiness of up to 125 km/h. It was moving Northwestward at 25 km/h. Southwest Monsoon affecting the western sections of Southern Luzon and Visayas. SCPC 1 online (Planned Outage). Sep 4: Wednesday - Weather Update: Weather Disturbance Alert Notice (WDAN) for Tropical Depression which became a severe Tropical Storm "ENTENG" has been lifted today at 0500H, as it was now outside the Philippine Area of Responsibility (PAR). The center of Severe Tropical Storm "ENTENG" was estimated based on all available data at 265 km West Northwest of Laoag City, Ilocos Norte. GNPD Unit 2 with 400 MW tripped (Unplanned Outage). GNPD 2 online (Unplanned Outage). Sep 5: Thursday - Weather Update: Trough of Typhoon "YAGI, formerly known as ENTENG”, affecting the western section of Northern Luzon. Southwest Monsoon affecting Central and Southern Luzon. 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

September 10, 2024

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: 𝐃𝐎𝐄 𝐭𝐨 𝐚𝐥𝐥𝐨𝐰 𝟓𝟎% 𝐑𝐄 𝐫𝐞𝐩𝐥𝐚𝐜𝐞𝐦𝐞𝐧𝐭 𝐩𝐨𝐰𝐞𝐫 𝐟𝐨𝐫 𝐆𝐄𝐎𝐏 𝐰𝐢𝐭𝐡𝐢𝐧 𝟑-𝐲𝐞𝐚𝐫 𝐭𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐩𝐞𝐫𝐢𝐨𝐝 The procurement of replacement power under the Green Energy Option Program (GEOP) will be allowed at 50 percent renewable energy (RE) capacity during the three-year transition period that shall be enforced in the amended policy for this segment of the power industry. Apart from that modification in the GEOP guidelines, the DOE will also be relaxing the capacity threshold to a level below 100 kW – primarily for end-users that are within contiguous domains, provided that they shall be aggregating their demand in their procurement of green energy capacities. READ MORE: https://mb.com.ph/2024/9/6/doe-to-allow-50-re-replacement-power-for-geop-within-3-year-transition-period 𝐃𝐎𝐄 𝐭𝐨 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝟖-𝐦𝐨𝐧𝐭𝐡 𝐥𝐞𝐚𝐝 𝐭𝐢𝐦𝐞 𝐩𝐫𝐢𝐨𝐫 𝐭𝐨 𝐚𝐮𝐜𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐨𝐟𝐟𝐬𝐡𝐨𝐫𝐞 𝐰𝐢𝐧𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬 The Department of Energy (DOE) will allot a lead time of at least eight months as preparation time for the targeted bid submission of investors under the planned green energy auction (GEA) for offshore wind capacities by next year. On pricing for offshore wind, the study outcome of the Asian Development Bank (ADB) proffers tariff range of P10 to P16 per kWh, but the final green energy auction reserve (GEAR) price still rests with the final calculation and decision of the Energy Regulatory Commission. READ MORE: https://mb.com.ph/2024/9/4/doe-to-provide-8-month-lead-time-prior-to-auction-for-offshore-wind-projects Image sources: PhilStar, 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! 🔌

September 5, 2024

Mabuhay Energy Corporation (MECO)'s AI Development team recently took part in GLITCH: AI Hackathon, the first Generative AI hackathon organized by AI Republic (AIR), a nonprofit dedicated to revolutionizing industries with AI. The two-day event gathered top minds to explore generative AI trends and use-cases, with key discussions on AI ethics, data privacy, and a problem-first approach to developing AI solutions. Our team's participation showcases our dedication to staying at the forefront of AI innovation. AI Solutions Engineer Vincent Tecson and Data Management and Engineering Supervisor Sam Matuba were part of the team that earned 1st Runner-Up by showcasing their AI applications through a proof of concept and workflow. Stay tuned to MECO’s active involvement in the AI development scene by following us on social media! Image Courtesy of AI Republic’s Facebook Page #AIHackathon #MECO #Innovation #AI #Technology 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! 🔌

September 5, 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. Low average temperatures and rainy weather brought by the Southwest Monsoon resulted in lower electricity demand and prices in the market. The average electricity demand in the Luzon grid went down to as low as 9,160 MW, while average electricity prices went to as low as Php 3.39 per kWh. 𝐇𝐞𝐫𝐞'𝐬 𝐭𝐡𝐞 𝐝𝐚𝐲-𝐭𝐨-𝐝𝐚𝐲 𝐛𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧: Aug 23: Friday - Weather Update: Easterlies affecting the eastern sections of Luzon and Visayas. SLTEC Unit 2 shutdown (Unplanned Outage). San Gabriel shutdown (Reserve Shutdown). San Lorenzo Module 60 shutdown (Planned Outage). Aug 24: Saturday - Weather Update: Southwest Monsoon affecting the western sections of Southern Luzon, Visayas, and Mindanao. San Gabriel shutdown (Reserved Shutdown). San Gabriel online (Reserve Shutdown). MPGC Unit 3 online (Unplanned Outage). Aug 25: Sunday - Weather Update: Southwest Monsoon affecting the western sections of Southern Luzon, Visayas, and Mindanao. San Gabriel shutdown (Reserve Shutdown). San Gabriel online (Reserve Shutdown). Aug 26: Monday - Weather Update: Southwest Monsoon affecting Southern Luzon, Visayas, and Mindanao. San Lorenzo 60 online (Planned Outage). San Lorenzo 60 shutdown (Unplanned Outage). San Lorenzo 60 online (Unplanned Outage). Aug 27: Tuesday - Weather Update: Southwest Monsoon affecting Southern Luzon and Visayas. MPGC 4 at 57MW tripped. On commissioning test (Unplanned Outage). Aug 28: Wednesday - Weather Update: Southwest Monsoon affecting Central Luzon, Southern Luzon, and Visayas. SLTEC 2 online (Unplanned Outage). Aug 29: Thursday - Weather Update: Southwest Monsoon affecting Central Luzon, Southern Luzon, and Visayas. 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

September 3, 2024

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: 𝐄𝐑𝐂 𝐢𝐬𝐬𝐮𝐞𝐬 𝐨𝐦𝐧𝐢𝐛𝐮𝐬 𝐫𝐮𝐥𝐞𝐬 𝐨𝐧 𝐫𝐞𝐭𝐚𝐢𝐥 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐢𝐭𝐲 𝐦𝐚𝐫𝐤𝐞𝐭 The Omnibus Rules, released by the ERC on Wednesday, establishes a Magna Carta for retail customers, outlining rights of retail customers, such as their right to choose suppliers, access to transparent billing and protection against premature contract terminations. In addition, licensing requirements for Retail Electricity Suppliers (RES) were also strengthened in the Omnibus Rules to ensure their financial viability and competitiveness, mandating a tangible net worth of P15 million for RES. READ MORE: https://malaya.com.ph/news_business/erc-issues-omnibus-rules-on-retail-electricity-market/ 𝐄𝐑𝐂 𝐫𝐮𝐥𝐞𝐬: ‘𝐋𝐨𝐧𝐠𝐬𝐭𝐨𝐩 𝐝𝐚𝐭𝐞’ 𝐢𝐬 𝐧𝐨 𝐥𝐨𝐧𝐠𝐞𝐫 𝐯𝐚𝐥𝐢𝐝 𝐚𝐬 𝐠𝐫𝐨𝐮𝐧𝐝 𝐟𝐨𝐫 𝐏𝐒𝐀 𝐭𝐞𝐫𝐦𝐢𝐧𝐚𝐭𝐢𝐨𝐧 The Energy Regulatory Commission (ERC) has firmly laid down that longstop date provision in power supply agreements (PSAs) will no longer be accepted downright as ground for unilateral contract pre-termination; and the allowable time frame for regulatory approval shall also be within 270 days or at least nine (9) months. Longstop date would refer to the last day by which an approval to a PSA must be rendered or issued, following fulfillment of all conditions in a contract. READ MORE: https://mb.com.ph/2024/8/24/erc-rules-longstop-date-is-no-longer-valid-as-ground-for-psa-termination Image sources: Malaya News, ERC Facebook 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! 🔌