President Ferdinand “Bongbong” Marcos Jr. has vetoed the bill that expands the franchise area of Davao Light and Power Company (DLPC) in Davao del Norte, the Malacanang annnounced. Under House Bill (HB)...
The Renewable Energy Market (REM) – the country’s venue for trading renewable energy certificates (REC) has been launched by the Philippine Electricity Market Corporation (PEMC) on Thursday. Following the issuance of Department...
Citicore Energy REIT Corporation (CREIT) has registered a net income of Php601 million for the first half of 2022, a five-fold increase from the Php89 million recorded in the same period last...
The Manila Electric Co. (MERALCO) is seeking challengers for the unsolicited proposal to supply the 500 megawatts (MW) mid-merit requirement beginning 2026. Through a Third-party Bids and Awards Committee (TBPAC), MERALCO is...
The Aboitiz Power Corporation registered a two percent drop in its net income for the first half of 2022 to Php 10 billion versus the Php 10.1 billion recorded in the same...
Ayala-led ACEN Corp. has approved the sale of its shares in the 244 megawatt (MW) South Luzon Thermal Energy Corporation (SLTEC) coal plant with an aggregate value of Php3.7 billion. The SLTEC...
The FLS Hydropower plant and the Sabangan Hydropower plant in Mountain Province went offline after a magnitude 7 earthquake in Abra and nearby provinces, the Department of Energy (DOE) said. The two...
The Department of Energy (DOE) is set to prioritize the development of the country’s indigenous energy sources to ensure sufficient, reliable, and affordable energy supply. In the post-State of the Nation Address...
The Manila Electric Co. (MERALCO) recorded a core net income of Php 13.1 billion for the first half of 2022, 15% higher than the Php 11.4 billion recorded in the same period...
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