9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
Lopez-led Energy Development Corporation’s (EDC) net income for the first quarter of the year dipped by 19% to Php2.63 billion versus the Php3.26 billion recorded in the same period in 2021. “The
SMC Global Power Holdings Corporation recorded a 75% drop in its net income to Php1.93 billion in the first quarter of 2022 from Php7.78 billion in the same period last year, based
The Energy Regulatory Commission (ERC) has scheduled a public hearing on the 170-megawatt (MW) power supply agreement (PSA) between the Manila Electric Company (MERALCO) and SMC Global Power Holdings – the power
Customers of the Manila Electric Company (MERALCO) will experience an increase of Php0.5363 per kilowatt-hour (kWh) in their electric bills this April due to higher generation costs. The increase would bring this
Power demand in Luzon and Visayas continues to rise as the economy recovers from the effects of the COVID-19 pandemic, the Independent Electricity Market Operator of the Philippines (IEMOP) said. Based on
ACEN’s retail electricity supplier (RES) AC Energy Philippines has registered its first batch of contestable customers under the government’s Green Energy Option Program (GEOP) to ramp up its efforts to onboard qualified
The Luzon Grid reached its highest peak demand this year at 11,513 megawatts (MW) on Tuesday afternoon, according to the Independent Electricity Market Operator of the Philippines (IEMOP). IEMOP, the operator of
Lopez-led First Gen Corporation, registered a flat growth of Php12.4 billion in 2021 due to high global oil prices and supply restrictions that affected prices in the Wholesale Electricity Spot Market. “First
The Energy Regulatory Commission (ERC) is studying the appeal of power generation companies (gencos) to lift the Php6.245 per kilowatt-hour (kWh) secondary price cap (SPC) at the Wholesale Electricity Spot Market (WESM)
SMC Global Power Holdings, the country’s second largest power generator, recorded a net income of Php16 billion in 2021, a 15% drop from its Php18.9 billion figure in 2020. Parent firm San
