The cost of power obtained from the Wholesale Electricity Spot Market (WESM) in Luzon and the Visayas thus far this month trended up, according to the independent electricity market operator of the Philippines (IEMOP).
Manila Electric Co., the largest power distributor in the country, said Friday power rates will be lower in the February billing cycle on account of a net decline in the generation charge.
Singapore-based Vena Energy is advancing P245.3 billion in renewable energy investments in the Philippines, with plans to develop an additional 2.6 gigawatts-peak (GWp) of capacity to meet rising power demand and support industrial expansion.
A proposed P150-per-kilogram excise tax on single-use plastics could increase costs across the Philippine supply chain, with potential consequences for consumers, small businesses and manufacturers, according to the Philippine Plastics Industry Association (PPIA).
Chinese-Taipei’s Wang Wei-hsuan gained redemption at the $1-million SJM Macao Open, defeating Korean star Sungjae Im in a playoff to claim his first Asian Tour title at Macau Golf & Country Club.