April 26, 2023

‘Power spot prices to remain at P7/kwh on rising demand’

BY LENIE LECTURA – APRIL 26, 2023 from Business Mirror The Independent Electricity Market Operator of the Philippines (IEMOP) warned that average electricity spot market prices in May could remain at the P7 per kilowatt hour (kWh) level. IEMOP reported […]
April 26, 2023

PetroEnergy increases stake in renewable units

By Alena Mae S. Flores – April 25, 2023, 7:20 pm from manilastandard.net PetroEnergy Resources Corp. said Tuesday it signed a share purchase agreement with EEI Power Corp. to acquire the latter’s common shares in three subsidiaries. PetroEnergy said in […]
April 26, 2023

Aboitiz Power watches regulatory developments on offshore wind projects

By Alena Mae S. Flores – April 25, 2023, 7:05 pm from manilastandard.net Aboitiz Power Corp. said it is keenly watching the regulatory developments from the Department of Energy and the Energy Regulatory Commission before proceeding with any offshore wind […]
April 25, 2023

Meralco net income soars as revenues surge in Q1

BY LENIE LECTURA – APRIL 25, 2023 from Business Mirror The Manila Electric Co. (Meralco) reported that its net income in the first quarter went up by 40 percent to P8.1 billion, from P6.4 billion in the same period a […]