Energy & Mining
Aboitiz Power posts 4 percent income growth in 1Q
Aboitiz Power Corp. on Monday reported a 4 percent rise in net income to P7.9 billion in the first three months this year compared to only P7.5 billion in the same period last year.
Fuel prices retreat another time this week
The price of fuel at the pumps rolls back again this week.
Elevated Labor Day power demand catches NGCP by surprise
The National Grid Corporation of the Philippines (NGCP) miscalculated the demand for power in the Luzon Grid on Wednesday, a holiday, an event that also forced the Energy Regulatory Commission (ERC) to suspend the operations of the Wholesale Electricity Spot Market (WESM).
Meralco targets generating nuclear power via MMRs in four years
The Manila Electric Co. (Meralco) is pursuing a pre-feasibility study with American firm Ultra Safe Nuclear Corp. to develop the technology for a micro-modular reactor the country can use before 2028.
Meralco secures more expensive electricity from WESM due compelling lack of bidders
The Manila Electric Co. (Meralco) is compelled to obtain 260 megawatts of relatively more expensive electricity from the Wholesale Electricity Spot Market (WESM) following a series of failed biddings.
