The COVID-19 pandemic and the series of disasters that hit Luzon pulled down the Manila Electric Company’s (MERALCO) consolidated core net income by nine percent to Php21.7 billion in 2020 from Php23.8...
Demand for electricity is projected to spike once again this summer, though still lower than pre-pandemic levels, according to the Independent Electricity Market Operator of the Philippines (IEMOP). Based on IEMOP’s forecast, peak...
The lowering of the threshold under the Retail Competition and Open Access (RCOA) policy has attracted at least 13 new contestable customers, most of them buildings and water pumping stations in Metro...
Renewable energy (RE) firm Citicore Power, Inc. is planning to offer the country’s “first power REIT (real estate investment trust)” this year. In a report by BusinessWorld, Citicore Power President Oliver Tan...
Manny V. Pangilinan-led PXP Energy significantly cut its losses last year with plug and abandonment costs reduced while waiting for the government’s go-signal for the resumption of exploration activities. In a statement,...
The Manila Electric Company (MERALCO) said that power rates may go down once more this coming March following the Php13.9 billion refund recently approved by the Energy Regulatory Commission (ERC). MERALCO vice...
SN Aboitiz Power (SNAP) said it is tapping into the 633 megawatts (MW) of dependable capacity from its three hydroelectric power plants in Isabela and Benguet for the Department of Energy’s (DOE)...
San Miguel Corporation (SMC) said that it wishes to continue talks with the government even after its new condition regarding the advanced full settlement of its monthly payments for the 1,200-megawatt Ilijan...
Government-owned Power Sector Assets and Liabilities Management Corporation (PSALM) has rejected the new condition recently imposed by SMC Global Power Holdings (SMCGPH) unit South Premiere Power Corporation (SPPC) for the ownership of...
The Securities and Exchange Commission (SEC) has given Aboitiz Power Corporation the go-signal to offer fixed-rate bonds worth up to Php30 billion. The quasi-judicial agency said that the company may issue the...
