Energy & Mining
MBC supports Meralco’s franchise renewal
The Manila Electric Co. (Meralco) has secured the backing of another major business group in its bid to renew its franchise set to expire in 2028.
ACEN infuses P8.7 billion in Giga Ace to fund solar farm project
ACEN Corp., the listed renewable energy arm of the Ayala Group, said Thursday it bought additional shares in Giga Ace 8 Inc. worth P8.7...
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.
