August 12, 2022

Monde Nissin, EDC ink supply contract

BY LENIE LECTURA – AUGUST 10, 2022 from Business Mirror The Monde Group has inked a power supply deal with Energy Development Corp. (EDC) for the supply of 16 megawatts (MW) for the food brand manufacturer’s 9 facilities in the […]
August 11, 2022

DOE: PHL has enough power reserves for next 6 months

BY BUTCH FERNANDEZ – AUGUST 10, 2022 from Business Mirror Raphael P.M. Lotilla UNDER questioning at a Senate Energy Committee hearing Wednesday, Department of Energy (DOE) officials allayed apprehensions over looming brownouts when asked about the power outlook for the […]
August 11, 2022

IEMOP: Power spot prices rise despite tepid demand

BY LENIE LECTURA – AUGUST 10, 2022 from Business Mirror The average wholesale electricity spot market (WESM) prices last month rose by 4.82 percent to P8.92 per kilowatt hour (kWh) despite lower demand, the Independent Electricity Market Operator of the […]
August 10, 2022

ACEN income dips in January-June

BY LENIE LECTURA – AUGUST 9, 2022 from Business Mirror ACEN Corp.’s net income in the first half declined by 19 percent year-on-year to P2.2 billion, but the company said it is optimistic about its prospects for the year after […]