Energy & Mining
NPC petitions ERC for higher SPUG rates 10 years in a row
The National Power Corp. (NPC), which recovers only around a third of costs incurred in supporting the Small Power Utilities Group, is optimistic the Energy Regulatory Commission (ERC) will act quickly on its petition to raise the power rates charged by the various SPUGs.
WESM rates 19 percent more expensive in May
The cost of power sold at the Wholesale Electricity Spot Market (WESM) has proven more expensive in May, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
Alternergy amass P20B capital for a slew projects next year
Renewable energy producer Alternergy Holdings Corp. on Monday reported raising capital funds of over P20 billion since its initial public offering in March 2023.
Gasoline cheaper by 90 centavos a liter beginning Tuesday
Gasoline sold in various retail outlets across the country is going to be cheaper by P0.90 per liter beginning Tuesday.
Meralco signals higher electricity charges in June
The Manila Electric Co. (Meralco) on Monday warned of higher electricity charges in June as a consequence of adjustments in several line items in the monthly power bill.
