Energy
First Gen reports 12% drop in 2024 net income to USD245M
First Gen Corporation, the Lopez Group’s clean and renewable energy provider, reported a 12 percent decline in attributable recurring net income for 2024, amounting to USD245 million (P14.0 billion), compared to USD277 million (P15.4 billion) in 2023.
ERC revising time-of-use billing rules to encourage energy efficiency
The Energy Regulatory Commission (ERC) has announced plans to revisit the time-of-use (TOU) electricity billing mechanism to encourage consumers to become more energy-efficient.
SMC seeks to collect P34B from Meralco
San Miguel Corp. (SMC) subsidiaries Sual Power Inc. and South Premiere Power Corp. (SPPC) have petitioned the Energy Regulatory Commission (ERC) to collect up to P34 billion from Manila Electric Co. (Meralco) customers.
Basic Energy gets green light for 62MW Mariveles Solar Power project
Basic Energy Corp. said Wednesday that the Department of Energy has granted the listed energy company a Certificate of Authority for the Mariveles Solar Power Project.
PetroEnergy begins construction of 40 MW solar facility in Isabela
PetroEnergy Resources Corp. (PERC), a publicly-listed energy firm, has started the construction of the 40-megawatt (MW) Limbauan solar facility in San Pablo, Isabela, marking a significant step in its renewable energy strategy.p
