March 13, 2024

ACEN’s profit declines 43% after accounting adjustments

By Alena Mae S. Flores – March 12, 2024, 8:10 pm from manilastandard.net ACEN Corp., the listed energy platform of the Ayala Group, on Tuesday reported a net income of P7.4 billion in 2023, down 43 percent from 2022, after […]
March 9, 2024

Higher transmission charge raised March power rates

By Alena Mae S. Flores – March 8, 2024, 8:40 pm from manilastandard.net Consumers of Manila Electric Co. (Meralco) will experience a minimal increase in March electricity rates of P0.0229 per kilowatt-hour on higher ancillary charges. “Our earlier projection of […]
March 7, 2024

Meralco sees lower generation cost for March

By Alena Mae S. Flores – March 6, 2024, 7:55 pm from manilastandard.net Power retailer Manila Electric Co. forecasts lower power generation charges for March on softer spot market prices and the availability of the 500-megawatt San Buenaventura coal plant […]
March 4, 2024

ACEN receives IES certificate for energy trading platform

By Alena Mae S. Flores – March 3, 2024, 9:15 pm from manilastandard.net ACEN Corp., the Ayala Group’s listed energy company, said over the weekend it received full compliance certification from Intelligent Energy Systems (IES) for its energy trading platform. […]