AC Energy, the Ayala group’s power arm, has moved its stock rights offer (SRO) period two weeks earlier than previously scheduled, based on the company’s disclosure to the Philippine Stock Exchange. Under...
Customers of the Manila Electric Company (MERALCO) should anticipate an increase in their January bills. The power giant pointed to lower demand in the Luzon Grid for December as the reason for...
The National Grid Corporation of the Philippines (NGCP) is planning an initial public offering (IPO) worth up to $1 billion (around Php48 billion) more than seven years after its franchise law was...
The Philippines’ major power players have been pushing for renewable energy (RE), but coal will still dominate the country’s energy mix for years to come, according to a report by global market...
Coal generation growth in the country is set to slow down in the coming years in the wake of the government’s moratorium on the building of new coal power plants. Global market...
Senators Sherwin Gatchalian and Risa Hontiveros were “puzzled” with the Department of Energy’s (DOE) and the Energy Regulatory Commission’s (ERC) seeming lack of preparedness to discuss a Senate measure seeking to lay...
Dennis Uy-led Phoenix Petroleum has gone on a “capital light” expansion while implementing a comprehensive financial management program, as it aims to recover from the effects of the COVID-19 pandemic on its business....
MERALCO Powergen Corporation (MGen), through its renewable energy (RE) arm MGen Renewable Energy, Inc. (MGreen), has acquired an additional 20% equity in Powersource First Bulacan Solar, Inc. (PFBSI), raising its total stake...
Pilipinas Shell Petroleum Corporation said it is awaiting the copy of the Court of Tax Appeals’ (CTA) recent ruling upholding its earlier granting of an excise tax refund to the company worth...
The Bureau of Customs (BOC) increased its revenue collection from petroleum products in November 2020 by 54.1% to P12.8 billion compared to Php8.33 billion in the same period last year due to...
