July 14, 2023

PEMC slaps P400,000 fine vs. First Gas Power

By Alena Mae S. Flores – July 13, 2023, 7:55 pm from manilastandard.net The Philippine Electricity Market Corp., the governing body of the Wholesale Electricity Spot Market, imposed a P400,000 fine on First Gen Corp.’s subsidiary First Gas Power Corp. […]
July 14, 2023

ACEN unit sells 24% stake in Dutch power company

By Alena Mae S. Flores – July 13, 2023, 7:30 pm from manilastandard.net ACEN Corp. said Thursday a subsidiary completed the sale of a 24.24-percent stake in ACEHI Netherlands B.V. to Star Energy Oil & Gas Pte Ltd. ACEN said […]
July 14, 2023

SMC laments higher power rates

Due to ERC’s ‘unfair’ decision BY MYRNA M. VELASCO – Jul 13, 2023 05:45 PM from Manila Bulletin San Miguel Global Power Holdings (SMGP), the electricity generating subsidiary of conglomerate San Miguel Corporation (SMC), has bewailed the higher electricity rates […]
July 13, 2023

DOE awards 105 RE winning bids

Citicore, Phinma are ‘big winners’ in the 2nd RE auction BY MYRNA M. VELASCO – Jul 12, 2023 07:14 PM from Manila Bulletin AT A GLANCE The delivery of capacities from the awarded renewable energy (RE) projects under the 2nd […]