August 28, 2019

DoE seeking comment on penalties for WESM violations

By Victor V. Saulon – August 26, 2019 | 10:20 pm from Business World BW FILE PHOTO THE power industry has until Sept. 6 to comment on a draft circular from the Department of Energy (DoE) providing a “penalty manual” […]
August 16, 2019

First Gen 6-month net income at P8.2 billion, up 36% from P5.9 billion

By Lenie Lectura – August 16, 2019 from Business Mirror LOPEZ-LED First Gen Corp. (First Gen) posted an P8.2-billion recurring net income attributable to shareholders of the parent in the first six months of the year, up 36 percent from […]
August 14, 2019

‘PSE may operate WESM if operator fails to do its job’

By Lenie Lectura – August 13, 2019 from Business Mirror THE Philippine Stock Exchange (PSE) may operate the Wholesale Electricity Spot Market (WESM) if the current market operator fails to perform its duties, Energy Secretary Alfonso Cusi said recently. “Iemop […]
August 13, 2019

13 M consumers face brownouts, rate hikes – ERC

By Myrna M. Velasco – August 11, 2019, 10:00 PM from Manila Bulletin As SC invalidates more than 100 PSAs Rotational brownouts and higher electricity rates may await millions of Filipinos in the areas being served by more than hundred […]