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The Wholesale Electricity Spot Market (WESM) is set to launch in Mindanao on June 26, according to the Independent Electricity Market Operator of the Philippines (IEMOP), which operates the spot market. IEMOP said...
With the recent completion of its stock rights offering (SRO), Ayala-led AC Energy (ACEN) said that it is on its way towards becoming Southeast Asia’s largest listed renewable energy (RE) platform. “The tripling...
It will just be a matter of days or less before Petron temporarily shuts down this February its 180,000-barrel per day refinery in Limay, Bataan. In a report by the Manila Standard,...
The Malampaya gas field’s output took a hit from the economic slowdown caused by the COVID-19 pandemic, as it produced 107.902 billion standard cubic feet (bscf), down 30.6% from the all-time high...
ACE Enexor, Inc., the exploration arm of Ayala-led AC Energy, has moved to leave the joint venture handling Service Contract (SC) 6 off the coast of northern Palawan. In a disclosure to...
(UPDATED) AC Energy has sold all of the 2,267,580,434 common shares it aimed to sell in its stock rights offering (SRO), which began on January 18 and concluded on January 22, raising...
Aboitiz Power Corporation and SMC Global Power Holdings Corporation, the power arm of San Miguel Corporation (SMC), were among the final nine generating companies (gencos) that participated in the Manila Electric Company’s...
With the Manila Electric Company’s (MERALCO) no-disconnection period for lifeline consumers set to end this weekend, Sen. Sherwin Gatchalian has urged the power giant as well as other distribution utilities (DUs) to...
Aboitiz Power Corporation has begun rolling out its smart grid devices across its distribution systems with the aim of having self-healing networks in line with the bigger goal of automating the distribution...
Roxas and Company, Inc. (RCI), a firm mainly involved in property ventures, has formalized the sale of several of its properties in Batangas to the National Grid Corporation of the Philippines (NGCP)....
