May 11, 2019

First Gen’s profit climbed by 28% to $77m in 3 months

By Alena Mae S. Flores – May 10, 2019 at 08:30 pm from manilastandard.net First Gen Corp., a Lopez Group company, reported a net income of $77 million (P4 billion) in the first quarter, up 28 percent from $60 million […]
May 11, 2019

Meralco to follow supply bidding rules

By Alena Mae S. Flores – May 09, 2019 at 07:15 pm from manilastandard.net Power retailer Manila Electric Co. expressed willingness to comply with the Supreme Court ruling ordering energy companies to undergo a competitive selection process for power supply […]
May 7, 2019

Cusi welcomes SC decision requiring supply deal bidding

By Alena Mae S. Flores – May 06, 2019 at 07:25 pm from manilastandard.net Energy Secretary Alfonso Cusi on Monday welcomed the Supreme Court decision ordering energy companies to undergo a competitive selection process for power supply agreements. “We have […]
May 6, 2019

Meralco warns about higher rates in spot market

By Alena Mae S. Flores – May 05, 2019 from manilastandard.net Power retailer Manila Electric Co. said this week’s electricity bill will reflect the higher charges in the Wholesale Electricity Spot Market, the trading floor of electricity. “We expect higher […]