September 12, 2022

Congress seeks proof of SPEX-Udenna Malampaya sale deal

By Myrna M. Velasco – September 11, 2022, 8:30 PM from Manila Bulletin The House Committee on Appropriations has directed the Department of Energy (DOE) to submit this month the copy of the share purchase agreement (SPA) that was signed […]
August 2, 2022

Power plants of SMC incur losses on coal price rally

BY LENIE LECTURA – AUGUST 1, 2022 from Business Mirror Two power plants of SMC Global Power Holdings Corp. (SMCGP) have accumulated losses amounting to P15 billion due to skyrocketing global coal prices and unilateral natural gas supply restrictions from […]
July 12, 2022

Malampaya gas field prod’n declines steeply in 2021

By Myrna M. Velasco – July 9, 2022, 11:49 AM from Manila Bulletin The depletion of the Malampaya gas field is becoming extremely visible, as its reported production for three quarters in 2021 significantly dipped to 79.054 billion cubic feet […]
July 4, 2022

Weak peso, higher WESM charges to raise Meralco rates this month

By Alena Mae S. Flores – July 3, 2022, 7:00 pm from manilastandard.net Consumers of Manila Electric Co. (Meralco) may have to brace for higher power rates in July due to the peso depreciation and higher charges at the Wholesale […]