May 22, 2024

Prices at electricity spot market increased P1 per kWh in May

By Alena Mae S. Flores – May 21, 2024, 9:10 pm from manilastandard.net The Independent Electricity Market Operator of the Philippines (IEMOP) said Tuesday the system-wide average electricity prices at the Wholesale Electricity Spot Market (WESM) soared to P7.85 per […]
May 22, 2024

Prime Infra subsidiary gets ERC license to sell electricity

By Manila Standard Business – May 21, 2024, 8:30 pm PrimeRES Energy Corp., a wholly-owned subsidiary of Prime Infrastructure Capital Inc. of businessman Enrique Razon Jr. received a retail electricity supplier (RES) license from the Energy Regulatory Commission (ERC). The […]
May 22, 2024

Meralco opens new substation in Batangas

By Alena Mae S. Flores – May 21, 2024, 8:15 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) said Tuesday it recently energized its P450-million substation in Batangas City to meet the growing power demand in the area and […]
May 21, 2024

NexGen Energy eyes P580-m IPO at P1.68 per share

By Jenniffer B. Austria – May 20, 2024, 8:40 pm from manilastandard.net NexGen Energy Corp., a wholly-owned subsidiary of Tiu family’s Pure Energy Holdings Corp. (PEHC), plans to raise up to P580 million from an initial public offering (IPO) in […]