April 3, 2024

Villavicencio steps down as Basic Energy chairman

By Alena Mae S. Flores – April 2, 2024, 7:25 pm from manilastandard.net Ramon Villavicencio Listed Basic Energy Corp. announced Tuesday the resignation of its chairman and director over health reasons. Basic said in a disclosure to the Philippine Stock […]
April 2, 2024

DOE rules out power shortage despite prolonged El Nino drought

By Alena Mae S. Flores – April 1, 2024, 8:30 pm from manilastandard.net The Department of Energy said Monday it does not expect any power supply shortage during the dry months amid the prolonged El Nino drought. “Based on our […]
April 2, 2024

PSALM issues guidelines on property sale

By Alena Mae S. Flores – April 1, 2024, 8:25 pm from manilastandard.net State-run Power Sector Assets and Liabilities Management Corp. (PSALM) issued the joint venture guidelines for the privatization of its real property assets. “The JV guidelines is for […]
April 1, 2024

Power rate increases expected in hot dry months starting April

By Alena Mae S. Flores – March 31, 2024, 9:55 pm from manilastandard.net The Independent Electricity Market Operator of the Philippines (IEMOP) expects prices at the electricity spot market to increase to a range of P5 to P7 per kilowatt-hour […]