ACEN income jumps to Php13.1B in 2022
- March 10, 2023
Ayala-led ACEN Corporation has recorded a Php 13.1 billion net income in 2022, a massive jump from the Php 5.3 billion profit made in the previous year. “This included ₱8.6 billion of
Ayala-led ACEN Corporation has recorded a Php 13.1 billion net income in 2022, a massive jump from the Php 5.3 billion profit made in the previous year. “This included ₱8.6 billion of
The Renewable Energy Market (REM) – the country’s venue for trading renewable energy certificates (REC) has been launched by the Philippine Electricity Market Corporation (PEMC) on Thursday. Following the issuance of Department
The Department of Energy (DOE) has declared the interim commercial operations (I-COP) of the renewable energy market (REM) as the venue for trading renewable energy certificates (RECs). The Department Circular 2022-06-0019 signed
The Energy Regulatory Commission (ERC) has ordered the Philippine Electricity Market Corp. (PEMC) to refund its overcollection in the Market Transaction Fees (MTF) for the years 2019 and 2020. In a Business
The Independent Market Operator of the Philippines (IEMOP), operator of the Wholesale Electricity Spot Market (WESM), has asked the Department of Energy (DOE) to review its circular that created the agency. IEMOP
The Philippine Electricity Market Corporation (PEMC) will be conducting a study that will establish an energy transition road map that aims to introduce mechanisms and enhancements that would promote the participation of
The Energy Regulatory Commission (ERC) has ordered the Philippine Electricity Market Corporation (PEMC) to resume the Wholesale Electricity Spot Market’s (WESM) operation in Bohol. ERC handed the order to PEMC, WESM’s governing
The Energy Regulatory Commission (ERC) has ordered the resumption of trading in the Wholesale Electricity Spot Market (WESM) in the Visayas a month after its suspension due to the widespread damage Typhoon
The Philippine Electricity Market Corporation (PEMC), the governing body of the Wholesale Electricity Spot Market (WESM), said it is devising a refund scheme on congestion charges collected from Visayas electricity customers. The
The launch date for the trading of electricity from ancillary services (AS) or reserve power would be moved to 2022, according to the Independent Electricity Market Operator of the Philippines (IEMOP), which