April 1, 2024

Power rate increases expected in hot dry months starting April

By Alena Mae S. Flores – March 31, 2024, 9:55 pm from manilastandard.net The Independent Electricity Market Operator of the Philippines (IEMOP) expects prices at the electricity spot market to increase to a range of P5 to P7 per kilowatt-hour […]
March 28, 2024

Power spot prices rise in early March

By Sheldeen Joy Talavera – March 26, 2024 | 9:07 pm from Business World BW FILE PHOTO ELECTRICITY spot market prices rose in the first two weeks of March as the margin between supply and demand narrowed, the Independent Electricity Market […]
March 25, 2024

Transmission charges push up MORE rates

By Alena Mae S. Flores – March 24, 2024, 8:00 pm from manilastandard.net MORE Electric and Power Corp., Iloilo City’s electricity distributor said its power rates increased by P0.06 per kilowatt-hour in March on higher transmission charges with the full […]
March 13, 2024

ACEN’s profit declines 43% after accounting adjustments

By Alena Mae S. Flores – March 12, 2024, 8:10 pm from manilastandard.net ACEN Corp., the listed energy platform of the Ayala Group, on Tuesday reported a net income of P7.4 billion in 2023, down 43 percent from 2022, after […]