January 10, 2025

BIR confirms power grid paying franchise tax religiously —NGCP

By Malaya Business Insight – January 9, 2025 The National Grid Corporation of the Philippines (NGCP) said the Bureau of Internal Revenue (BIR) has confirmed the grid operator religiously pays the 3-percent franchise tax mandated by law. NGCP in a […]
January 8, 2025

NexGen firm hikes stake in SPARC to 95.56%

By Jed Macapagal – January 8, 2025 from Malaya Business Insight NexGen Energy Corp. subscribed to an additional 80 million common shares in its subsidiary, Solar Powered Agri-rural Communities Corp. (SPARC), increasing its ownership stake from 77.78 percent to 95.56 […]
December 6, 2024

WESM prices rise in Nov

By Jed Macapagal – December 6, 2024 from Malaya Business Insight INITIAL average price of electricity in the Wholesale Electricity Spot Market (WESM) in the entire country in November slightly increased, according to the Independent Electricity Market Operator of the Philippines (IEMOP). […]
December 2, 2024

MGen considering conversion of planned coal-fired power plants

By Jed Macapagal – December 2, 2024 from Malaya Business Insight MANILA Electric Co. (Meralco) remains hopeful some sites previously intended to be developed for coal-fired power plants could be utilized instead to pursue natural-gas fired power plants. Yari Miralao, MGEN […]