July 6, 2020

Surge in demand props up electricity spot-market rate

By Lenie Lectura – July 6, 2020 from Business Mirror Electricity spot-market price for June went up to P3.25 per kilowatt-hour (kWh), from P2.19 per kWh in the previous month, data released by the Independent Electricity Market Operator of the […]
July 3, 2020

Ayala unit taps green bonds to fund various RE projects

By Lenie Lectura – July 3, 2020 from Business Mirror AC Energy, the energy platform of Ayala Corp., has recently launched a $60-million tap on its senior Green Bonds, bringing the total issuance to $470 million. The $60-million bond issuance […]
July 3, 2020

‘Renewables to help PHL attract investors’

By Lenie Lectura – July 3, 2020 from Business Mirror Lopez-led Energy Development Corp. (EDC) on Thursday welcomed the recent pronouncements of the Department of Energy (DOE) that it will intensify the development of geothermal energy in the Philippines. EDC […]
June 30, 2020

Meralco: Electricity demand picking up in franchise area

By Lenie Lectura – June 30, 2020 from Business Mirror Electricity demand in the franchise area of the Manila Electric Co. (Meralco) during the second quarter peaked at 7,000 megawatts (MW), slightly lower than what the utility firm recorded in […]