Ayala-led ACEN Corporation has recorded a Php 13.1 billion net income in 2022, a massive jump from the Php 5.3 billion profit made in the previous year. “This included ₱8.6 billion of...
The Philippine Government wants to adopt new working hours and allow employees to work from home on Fridays to conserve energy costs, Finance Secretary Benjamin Diokno said. Adopting work hours from 7...
The Manila Electric Co. (MERALCO) will be implementing a staggered increase in its generation charges in the next two months to cushion its impact on consumers. MERALCO said that its total rates...
The Department of Energy (DOE) is considering the possibility of marrying offshore wind with hydrogen in the coupling of technology under the updated Philippine Energy Plan (PEP) which will be released this...
The Aboitiz Power Corporation recorded a net income of Php 27.5 billion in 2022, a 32% jump from the Php 20.8 billion recorded in 2021. In a disclosure to the Philippine Stock...
Pilipinas Shell Petroleum Corp. and Shell Energy Philippines (SEPH) have signed an agreement with the Department of Energy (DOE) that will roll out electric vehicle (EV) charging stations powered by renewable energy. ...
Updated (March 7) – Customers within the Manila Electric Co. (MERALCO) franchise area can expect an increase in the March billing following forecasts of higher generation charges due to the Malampaya maintenance...
The proposed “fuel swap arrangement” aimed to bring back the 1,200 megawatt (MW) Ilijan power plant to operations cannot be concluded as there was no definitive gas supply from Prime Energy, the...
GNPower Dinginin Ltd. Co. (GNPD) is currently negotiating its third emergency power supply agreement with the Manila Electric Co. (MERALCO), following the expiration of the second contract in February. GNPD president and...
Vivant Corporation, through its subsidiary Vivant Energy Corporation, has acquired the 22-megawatt-peak (MWp) solar farm project in San Ildefonso, Bulacan for $15.5 million. In a disclosure to the Philippine Stock Exchange, Vivant...
