August 11, 2023

ERC suspends 3% franchise tax on transmission costs

By Alena Mae S. Flores – August 10, 2023, 9:20 pm from manilastandard.net The Energy Regulatory Commission said Thursday it suspended the effectivity of the Resolution No. 07, Series of 2011 including the 3 percent franchise tax of the National […]
August 11, 2023

Aboitiz Power in talks with US nuclear firm

By Alena Mae S. Flores – August 10, 2023, 8:05 pm from manilastandard.net Aboitiz Power Corp. continues to talk to US nuclear firm Ultra Safe Nuclear Corp. for the development of micro modular reactors in the Philippines, a top executive […]
August 10, 2023

Meralco: August power rates dropped P0.29 per kWh on lower generation charges

By Alena Mae S. Flores – August 9, 2023, 8:35 pm from manilastandard.net Power retailer Manila Electric Co. announced Wednesday a reduction of P0.2908 per kilowatt-hour in August rates, the second consecutive month of price reduction. Meralco said the overall […]
August 10, 2023

First Gen’s six-month recurring income up 30%

By Alena Mae S. Flores – August 9, 2023, 8:20 pm from manilastandard.net Lopez Group‘s clean and renewable energy provider First Gen Corp. said Wednesday recurring net income climbed 30 percent in the first half to $167 million (P9 billion) […]