August 17, 2024

High energy use boosts REDC gains

Bottom line figures were pushed up by a 28.16 percent increase in its gross revenues during the first six months, reaching P281.34 million from P219.54 million a year ago. By Maria Bernadette Romero – Aug 17, 2024, 00:20 from Daily […]
August 17, 2024

ERC sees additional 32-33 centavos per kWh in Meralco rates

By Lisbet Esmael – 06:56 PM August 15, 2024 from inquirer.net Updated on August 16, 2024 at 10:19 a.m. MANILA, Philippines — Consumers of Manila Electric Co. (Meralco) may need to tighten their belts as rates may remain elevated, with the […]
August 17, 2024

DOE to ensure ‘marine protected areas’ are off-limits to offshore wind projects

BY Myrna M. Velasco – Aug 16, 2024 03:38 PM from Manila Bulletin At a glance In the Philippines, prospective offshore wind developers indicated that some of the service contracts (SCs) awarded within portions of the Batangas-Mindoro stretch may straddle […]
August 16, 2024

CREC’s revenues up 13%, income flat in first semester

By Alena Mae S. Flores – August 15, 2024, 8:10 pm from manilastandard.net Citicore Renewable Energy Corp. (CREC) recorded a flat growth in its net income in the first six months of 2024 to P456.40 million, as revenues went up […]